Which of These Is an Advantage of Buying an Existing

question 40

Multiple Choice

Which of these is an advantage of buying an existing business?

• A) Getting financing is easier.
• B) Employees are already in place.
• C) Permits and licenses have been obtained.
• D) All of the above.

---

Definitions:

Account Receivable

Money owed to a company by its customers for goods or services provided on credit.

Sale On Account

A transaction where goods are sold and payment is to be made at a later date.

Equity

The value of an owner's interest in a company, calculated as the difference between the company's assets and liabilities.

Assets

Economic resources owned or controlled by a business or individual that are expected to bring future benefits.