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1 year ago

The security that represents the residual ownership of a firm and has no priority in bankruptcy is called:________

1 answer:

4 0

The security that represents the residual ownership of a firm and has no priority in bankruptcy is called<u> a convertible bond</u>.

The correct option is A.

<h3>What is bankruptcy?</h3>

People or other entities who are unable to pay their creditors back can seek some or complete relief from their debts through the legal process known as bankruptcy. In most jurisdictions, bankruptcy is mandated by a court order, frequently on the debtor's initiative.

<h3>What is residual ownership?</h3>

The common stockholders are paid out last and only if all other claims have been fully satisfied. The common stockholder is therefore referred to as the company's residual owner.

<h3>What is convertible bond?</h3>

A convertible bond, convertible note, or convertible debt is a kind of bond that allows the holder to convert it into a predetermined number of shares of common stock in the firm issuing it, or cash equivalent to that amount. It is a hybrid security having traits similar to equity and debt.

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I understand that the question you are looking for is:

The security that represents the residual ownership of a firm and has no priority in bankruptcy is called:

A. a convertible bond.

B. senior debt.

C. common stock.

D. preferred stock.

E. retained earnings.

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1. National Computers, Inc., was incorporated in Nebraska, has its main office in Kansas, and does business in Missouri. Nationa

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<u>National Computers, Inc., was incorporated in Nebraska, has its main office in Kansas, and does business in Missouri. National is subject to the jurisdiction of </u>( a)Nebraska, Kansas, and Missouri

Explanation:

<u>There are certain Jurisdiction Based on Real Property Ownership which are limited and are termed as "in rem" jurisdiction</u>

A state( Kansas ,Missouri) has limited jurisdiction (which lawyers term as "in rem" jurisdiction) over a non-resident person or business that owns real property in the state. The Jurisdiction is limited in two ways:

Jurisdiction is applicable only to the fair market value of the real property. This means that if you sue a non-citizen who owns an business worth $800,000, then in this case ,your judgment can be worth is $800,000.
Also if , the claim is related to the property. For example, if you met an accident on the property of a non-resident owner of an business house, you could get jurisdiction over the owner. But you could probably not get jurisdiction over the non-resident owner if the lawsuit grows out of an entirely separate problem that has nothing to do with the apartment house.

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3 years ago

"A customer owns 200 shares of ABC, purchased 2 years ago at $50 per share. The current market value of ABC stock is $60 per sha

kirza4 [7]

Answer: The donor may incur a gift tax liability. Also, the cost basis will be $50 per share to the recipient of the gift.

Explanation:

From the question, we are informed that a customer owns 200 shares of ABC, that were bought 2 years ago at $50 per share and that the current market value of ABC stock is $60 per share.

If the customer gifts the stock to his son, the result is the donor may incur a gift tax liability. Also, the cost basis will be $50 per share to the recipient of the gift.

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3 years ago

Reece is trying to increase the number of products he sells every week so he will get a promotion this year. What are accurate w

gizmo_the_mogwai [7]

Answer:

intermediate goal

career goal

Explanation:

A goal is a desired result am individual wants to achieve in the future. Goals are usually time bound, that is they are meant to be achieved in a given time frame.

In the given instance Reece is trying to increase the number of products he sells every week so he will get a promotion this year.

With regards to duration goals can be short term, intermediate, or long term.

His goal of increasing weekly sales is an intermediate one.

Career goals are those that are measured by level of achievement on one's job. Reece is looking at getting a promotion in this year.

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2 years ago

Read 2 more answers

Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, th

melomori [17]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Baka Corporation applies manufacturing overhead based on direct labor-hours.

The company based its predetermined overhead rate on total estimated overhead of $243,300 and 8,300 estimated direct labor-hours.

Actual manufacturing overhead for the year amounted to $244,400 and actual direct labor-hours were 5,800.

To determine the over or under application of manufacturing overhead, first, we need to calculate the predetermined manufacturing overhead rate:

predetermined manufacturing overhead rate= total estimated manufacturing overhead for the period/ total amount of allocation base

predetermined manufacturing overhead rate= 243,000/8,300= 29.28

Now, we can calculate the allocated overhead:

Allocated manufacturing overhead= predetermined manufacturing overhead rate* actual hours= 29.28*5800= $169,824

Finally, we can determine the under or over allocation:

Under/over allocation= real manufacturing overhead - allocated manufacturing overhead= 244400 - 169824= $74,576 underallocated

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3 years ago

g Marlboro Construction enters into a contract with a customer to build a warehouse for $725,000 on April 15, 2021 with a comple

Nookie1986 [14]

Answer:

B. $725,000

Explanation:

The expected value for the contract will be :

10% ($725,000 + 12,000 + 12,000 ) + 30% ($725,000 + 12,000 ) + 25% ($725,000 ) + 20% ($725,000 - 12,000 ) + 15% ($725,000 - 12,000 - 12,000 )

= $ 74,900 + $221,100 +$181,250 + $142,600 + $105,150 = $725,000

Marlboro constructions expected value of the contract is 725,000 based on the given probability estimates of contract completion.

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2 years ago