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shtirl [24]
3 years ago
13

Bell Ltd. is going out of business. It needs to pay off all its liabilities before it closes for good. It wants to convert some

debts to equity as then a need to pay those lenders would not arise. Which type of debt can be converted to equity?
Business
2 answers:
SIZIF [17.4K]3 years ago
7 0

Bonds should be the answer

bija089 [108]3 years ago
3 0
This is called "convertible debt", or "convertible bonds"

Convertible debt can be converted to equity, or a piece of ownership in the company. It's worth noting that Bell Ltd will need to inform any buyers of convertible debt that it plans to go out of business, since this is a major piece of information for any creditors or would-be shareholders.
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Which of the following accounts neither increases nor decreases the fund balance of the General Fund during the fiscal year?
erastovalidia [21]

Deffered Revenues, will not increase or decrease the fund balance of general fund during the fiscal year, as it is revenue which has not been earned yet, and cannot be shown as incomes in the Income statement, thus it is a liability which will be due if the service is not complete.

Other financing sources may increase or reduce the fund depending upon what kind of finance has been provided.

8 0
3 years ago
A trader maintains a position in a small capitalization stock that has low trading volume. The trader has a high level of which
swat32

Answer:

B) Liquidity

Explanation:

Liquidity is the ability of quickly buy or sell a stock without any price change.

Liquidity in a small-capitalization stock that has low trading volume is generally low that causes a problem for traders. It is so because in small capitalization, traders are unable to understand potential pitfalls and blindly invest in small-capitalization stocks which do not give profit as expected and the liquidity becomes low.

Hence, the correct answer is B) Liquidity.

6 0
3 years ago
The ending inventory of finished goods for each quarter should equal 20% of the next quarter's budgeted sales in units. The fini
ale4655 [162]

Answer:

Instructions are below.

Explanation:

Giving the following information:

The ending inventory of finished goods for each quarter should equal 20% of the next quarter's budgeted sales in units. The finished goods inventory at the start of the year is 3,600 units.

<u>We weren't provided with enough information to solve the problem. But, I will leave the formula and a small example to guide an answer.</u>

<u></u>

Purchases= sales + desired ending inventory - beginning inventory

For example:

Sales 2nd Quarter= 27,000 units

Sales 3rd Quarter= 45,000 units

Production budget (in units):

Sales= 27,000

Desired ending inventory= (45,000*0.20)= 9,000

Beginning inventory= (3,600)

Total= 32,400 units

5 0
4 years ago
David runs a bed and breakfast in the outskirts of a big city. His employees are allowed to spend up to $200 to resolve any cust
defon

Answer:

Empowerment.

Explanation:

Empowerment: It an authority or power been given to an individual or group of people to perform certain tasks with complete determination. This power has been given so that tasks been performed diligently and smoothly.  

In corporate, individuals been empowered to hold responsibility for certain tasks and prove profitable for the organization.

Similarly, In the given case David has empowered his employee to resolve customer complaints by itself without getting escalated, however, he has limited the power by $200 to resolve any customer complaint.

7 0
3 years ago
_______would Not be considered a "vulnerable group" for the purpose of customer protection.
Roman55 [17]

Answer:

trade unions

Explanation:

as they ensure to protect employees rather than customers.

6 0
3 years ago
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