The correct answer is A) Have more debt than they can pay because there are laws, generally by the state, that limit when people can file for bankruptcy. You are not allowed to file for bankruptcy unless you are unable to afford your debts. Choices B, C, and D, along with being illegal, are also unethical, especially in terms of business.
Answer:
$26,125
Explanation:
[($25,000 x 0.005) x 9 + $25,000]
=$26,125
Zach owe $26,125 as of December 31, 2019 because he did not fail to file - he failed to pay. Hence he owes the 0.5% per month or part of a month failure to pay penalty plus the already outstanding tax amount of $25,000 that he owed.
Answer:
A) $792,000
Explanation:
33,000 shares of common stock
issued at:
market value 24 dollars
face vale 1 dollar
additional paid-in 23 per share
<u>Equity:</u>
<em>Common Stock </em>
33,000 shares x 1 = 33,000
<em>Additional Paid-in capital</em>
33,000 shares x 23 = 759,000
Total capital 792,000
The total paid-in capital will be the sum of both, the common stock and the paid-in capital in excess of par.
One technique in answering behavior interview questions is STAR where S makes for specific situation, T for task, A for action and R for result. SImple but efficient procedure
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Answer:
$14,000
Explanation:
Amount of interest expense = [(Bond issued by 'S' company x 9%) - Amount of
premium x (unsold bonds / Bonds issued)]
= (300,000 x 0.09) - 60000/10 x 200,000/300,000
= (27,000 - 6000) x 0.66667
= 21,000 x 0.66667
= $14,000
