On June 1, 2020, Sam purchased a new laptop from Best Buy in preparation of the start of his university career at Schulich. The retail value of the laptop was $1,300 but at the time of purchase, Sam was offered a 3-year warranty package sold separately for $300. Sam opted for the warranty package and was charged a total price of $1,200 at the point of sale. Sam paid for his purchase in cash and took the laptop home. The 3-year warranty package was effective immediately. All laptop purchases and warranty packages are non-refundable. Customers who purchase laptops from Best Buy are not obligated to purchase the warranty. Furthermore, Best Buy offers warranty services to customers irrespective of whether or not the product was purchased at a Best Buy location.

Which of the following is a disadvantage to choosing a sole proprietorship business structure? question 9 options: the owner has personal responsibility for the company's liabilities. the owner has to share the profits with partners. the owner is still liable for personal debts. the owner has to report to shareholders.

Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.