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mrs_skeptik [129]
3 years ago
14

Marcus owns common stock in XO, an oil and energy company that is about to be liquidated. Is Marcus guaranteed to be paid in the

process of dissolution?
Business
1 answer:
sleet_krkn [62]3 years ago
4 0

Answer:

No

Explanation:

As a common stock holder, Marcus falls among the last class of stakeholders to be settled in XO's dissolution. A typical hierarchy of settlement during company dissolution is

  • Secured creditors
  • Unsecured creditors
  • Preference stock holder
  • Common stock holder

As such, as a common stock holder, Marcus will only be paid after all creditors and preference stock holders have been paid. And given that companies in liquidation are in that situation in the first place due to their inability to meet their obligations, there may not be enough resources left for common stockholders after distribution to creditors and preference stock holders.

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Molly Mocha employs one college student every summer in her coffee shop. The student works the five weekdays and is paid on the
mixer [17]

Answer:

The adjusting entry on 31st July will be;

Salaries Expense (Dr.) $480

Salaries Payable  (Cr.) $480

Explanation:

Molly Mocha hires one student who works for 5 days and is paid on Monday. The student who has started working on 28th July Monday then he has worked till 1st August Friday. The adjusting entry need to be made on Thursday 31st July. The student is paid $120 per day so for 4 days of working it will be $120 * 4 days till 31st July. Since Molly Mocha pays salaries on following Monday it should record salaries expense as debit and salaries payable as credit in its accounts.

6 0
3 years ago
Lisa is wondering if her company is earning the income they expected to earn at the beginning of this year. She looks at to see
andre [41]

Lisa is wondering if her company is earning the income they expected to earn at the beginning of this year. She looks at to see how the money looks, while remembering that this budget does not show cash outlays. This type of budget is called Expense Budget

<h3>What is Expense Budget?</h3>
  • The Expense Budget displays the revenue and capital expenditures of several ministries and departments and provides estimates for each under "Plan" and "Non-Plan."
  • It provides a thorough study of various expenditure kinds as well as a general explanation for why estimates vary. The Expense Budget also includes the Central Government's requests for grants.
  • Capital assets are crucial expenses for firms since they include cash outlays for production machinery and other equipment that generates revenue.
  • Due to the fact that production equipment is more expensive than standard office supplies or monthly expenses, financing is sometimes required to purchase capital assets.
  • The purchase of capital assets is typically included in expense budgets, and their effects on working capital and future cash flows are quantified. Businesses wouldn't be able to accomplish their operational goals without well managed capital investments.

To know more about Expense Budget with the given link

brainly.com/question/14318672

#SPJ4

3 0
2 years ago
Sales of hot dogs at the corner of 24th and Lex. follow the following patterns: 40% of the days, 80 are sold; 50% of the days, 9
Korvikt [17]

Answer: 90%

Explanation:

Cycle Service Level refers to the expected probability by which a manufacturer meets the demand for a particular product and is not being stockout.

In this case,

40% of the days, 80 are sold;

50% of the days, 90 are sold

10% of the days; 100 are sold.

Since the vendor plans to stock 90 each day, then the vendor will meet demand during 40% of the days, when 80 are sold; and during 50% of the days, when 90 are sold.

Therefore, the expected CSL is the vendor targeting will be:

= 40% + 50%

= 90%

5 0
2 years ago
Which of the following statements concerning research and development is correct? a. Exploratory research is directed toward com
balu736 [363]

Answer:

c. Exploratory research and development research are needed for internal new venturing.

Explanation:

Exploratory research as the name suggests is a form of research and development which is targeted at exploration or discovery of something which did not exist before such a research. It is the foremost research to attain clarity on the exact nature of a problem.

Development research on the other hand utilizes the findings of a research already conducted to design and develop products and methods. Such a research generates required knowledge and designs for production which form ideal models for creation of products.

Internal new ventures refer to starting completely new business ventures in new markets or entering new industry. Such ventures require both exploratory and development form of research as the venture is completely new, which will require both exploration i.e discorvery and development of new products based upon the findings of exploratory research.

8 0
3 years ago
According to Michael Porter, a firm practicing a niche strategy:
Maslowich

Answer:

b. Dominates a particular target market although its overall market share may be low.

Explanation:

  • A niche strategy of the porter was to come with the product that fills the market segment and is characterized by the narrow specialization of the services focusing on a specific need.
4 0
3 years ago
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