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.
Answer:
Corporate Philanthropy
Explanation:
According to my research on different business operations, I can say that based on the information provided within the question Quinbeck Inc. most likely engages in Corporate Philanthropy. This refers to the act of a business promoting the welfare of others, generally through charitable donations of funds or time. Which they would fall under this category since they donate 6% of their profits annually to an orphanage.
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The answer to the question how many direct labor hours were estimated for the year is letter B which is 180,000.
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The purpose of the Federal Reserve cutting interest rates during a recession is to encourage borrowing (borrowing becomes cheaper) and in this way especially for companies they may spend more money then on improvements, new products etc so the economy theoretically will be stimulated to counteract the recession.
Answer:
It is departmentalized in a functional way
Explanation:
Functional departmentalization is the type of organizational structure based on common job functions. In Mitchell's case all similar jobs, like legal or marketing, are grouped in one place or on the same floor. This type of organization provides space for further employee's specialization by putting staff in places where their skills can further develop.
