1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
FromTheMoon [43]
3 years ago
6

Six months before filing for bankruptcy, shirley sold her new car to her brother, claude, for $100 so that her creditors could n

ot claim it. the market value of the car was $8,000 at the time of the sale. under these circumstances:
Business
1 answer:
Ket [755]3 years ago
7 0
<span>In this case, the transfer could be considered voidable by the trustees. This is because Shirley did not receive the fair value for the car, but simply received a negligible amount as a way of trying to defraud her creditors. In this case, the transfer could be voided.</span>
You might be interested in
What refers to the close emotional bond an individual has with the person or persons who raised and cared for him/her?
Nutka1998 [239]
Attachment is the answer.  
5 0
3 years ago
Which of the following descriptions are not correct for a push system? (1). There is no clear visibility between processes (2).
ohaa [14]

Answer:

The correct answer is (2)The workers on shop floor lack the autonomy to stop the manufacturing on their own initiative.

Explanation:

The company operates on a push system, where products are made and inventory built up based on best-guess forecasts.

The push system of inventory control involves forecasting inventory needs to meet customer demand. Companies must predict which products customers will purchase along with determining what quantity of goods will be purchased.

So,  from the given options, the correct answer is (2)The workers on shop floor lack the autonomy to stop the manufacturing on their own initiative

8 0
3 years ago
Income Statement Sections During the current year, David Corporation sold a segment of its business at a gain of $210,000. Until
Montano1993 [528]

Answer:

Answer is given below.

Explanation:

-Income from Continuing Operation                                  700000

-Discontinued Operations  

-Loss from operations of                                        60000

discontinued segment (75000*80%)  

-Gain on disposal of discontinued                         168000           108000

segment (210000*80%)

-Net Income                                                                             808000

8 0
3 years ago
In an effort to save money for early retirement, an environmental engineering colleague plans to deposit $1,700 per month, start
Ksju [112]

Answer:

$268,696.93

Explanation:

Where an equal amount of money is saved periodically to earn interest at a particular rate of interest to accumulate a target amount in the future , it is called a sinking fund. The purpose could be for retirement, loan repayment or asset acquisition

The sum accumulated (deposit plus interest earned) at the end of the final period is known as the Future Value (FV) of the sinking fund.

The FV is determined as follows:

FV = A × ((1+r/m)^(n× m) - 1)/(r/m))

where FV- future value, A- annual cash flow, r-rate of return, n- number of years, m- number of compounding periods in a year.

<em>so we can apply  this to our question</em>

a = 1700, r - 8%= 0.08, m=4, n- 18

FV = 1,700 ×( (1+0.08/4)^(18 × 4) - 1)/(0.08/4))

     = 1700  × 158.0570

     =$268,696.93

The account will have $268,696.93 at he end of he 18 years

5 0
3 years ago
The managerial accountant at Sunny Manufacturing needs to determine how many costs are fixed costs and how many costs are variab
Solnce55 [7]

Answer:

Month. Machine Hours. Total costs

January. 1,800 $21,500

February. 2,900 $23,200

March. 1,000. $19,750

April. 2,400. $21,000

May. 3,400. $23,900

High-Low method = 23, 900 + 21,000

= 44,900

5 0
3 years ago
Other questions:
  • Distinguish between the benefiets of traditional banking amd the benefiets of online banking
    15·1 answer
  • Karen is selling carnations at her school during Valentine's week. She purchased 1,000 carnations for $250.00. She is selling ea
    13·1 answer
  • The going concern assumption implies that: 1. a firm will continue to be in business for the foreseeable future. 2. a firm will
    15·1 answer
  • In a department meeting, javier shares some research on new software he thinks the company should purchase. roger agrees with ja
    11·1 answer
  • Changes in supply are reflected in______of the supply curve, while changes in the quantity supplied are reflected in______along
    9·1 answer
  • Give brief definitions of the following concepts: Game theory, cooperative equilibrium, noncooperative equilibrium, dominant str
    11·2 answers
  • On April 12, Hong Company agrees to accept a 60-day, 10%, $6,100 note from Indigo Company to extend the due date on an overdue a
    9·1 answer
  • The information necessary for preparing the 2018 year-end adjusting entries for Vito’s Pizza Parlor appears below. Vito’s fiscal
    14·1 answer
  • Say you own an asset that had a total return last year of 11.7 percent. If the inflation rate last year was 6.9 percent, what wa
    13·1 answer
  • Which action would a bank most likely take when deciding whether a person
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!