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The turnover number for an enzyme is equivalent to the number of substrate molecules processed per second per enzyme molecule. To a test tube containing a 100 mM concentration of its substrate, you have added an enzyme at a final concentration of 10 µM, and have measured the rate of the reaction to be approximately 500 µM/sec. If the Km for the binding of the enzyme to this substrate is about 100 mM, what is the turnover number?
Bankruptcy
The legal status of a person or entity that cannot repay the debts they owe to creditors, leading to a legal process for resolution.
Sole Proprietorship
The simplest form of business organization, in which the owner is the business. The owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business.
Repayment Plan
An arrangement made to pay back a loan or debt in installments over a specified period.
Liquidation
The process of bringing a business to an end and distributing its assets to claimants.
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