Amy - FIN504.Johnson.A.Mod1 (1).xlsx - Liability...

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Liability comparisons Meridith Harper has invested $25,000 in Southwest Development Company.The firm hMerideth in each of the following situations.As a sole proprietor, Ms. Harper has unlimited liability over the debts of her company, essentially any creditorRegardles off the 50-50 partnership, Ms. Harper still has unlimited liability.Any creditor can file a claim agaiThe benefit of Southwest Development Company being a corporation, Ms. Harber has more protection over heA.Southwest Development Company is asole proprietorshipowned by Ms. Harper.B.Southwest Development Company is a50-50 partnershipof Ms. Harper and Christopher Black.C.Southwest Development Company is acorporation.
has recently declard bankrupcty and has $60,000 in unpaid debts.Explain the nature of payments, if any, byr can file a claim against her peronsal assets to satisfy debts relating to her bankruptcyinst her personal assets to pay of the company debt.
A.Determine Jane’s total cash inflows and cash outflows.
B.Determine thenet cash flowfor the month of August.
C.If there is a shortage, what are a few options to Jane?
Jane does have a suprlus of $593.00.The bank offers an interest bearing account.It would be beneficial for Jfor months down the road if she would have a shortage she would have made money with the interest earned.D.If there is a surplus, what would be a prudent strategy for her to follow?
of her expense could be eliminated.Her dining expense was $500, and her Clothing was $1,000.00ReducingJane to put this money in the account to accrue interest.This could be beneficial

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Term
Spring
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