asked 54.9k views
3 votes
Liu, the owner of Mortgage Source, a sole proprietorship, wants to obtain additional business capital. For this enterprise, the opportunity is most likely limited to

1 Answer

4 votes

Answer:

borrowing funds.

Step-by-step explanation:

From the question we are informed about Liu, the owner of Mortgage Source, a sole proprietorship, wants to obtain additional business capital. In this case, For this enterprise, the opportunity is most likely limited to borrowing funds. Sole proprietorship who is regarded as as a sole tradership or individual is that that the enterprise is owned and run with a person, sourcing of fund could be through fund borrowing. Money that is been one received from another party having agreement that the money will be repaid is a borrowed funds Most borrowed funds are been paid back with interest,i.e borrower will agrees to pays a certain percentage of the borrowed principal amount back to the lender which will serve as as compensation for borrowing the fund.

answered
User Galymzhan
by
9.1k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories