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3 years ago

Approximately how many bankruptcy claims were filed in 2014?a. 100,000b. 250,000c. 500,000d. 1.1 millione. 2.7 million

Business

1 answer:

Irina18 [472]3 years ago

6 0

Answer:

The correct answer is letter "D": 1,1 million.

Explanation:

According to the U.S. Bankruptcy Abuse Prevention and Consumer Protection Act (<em>BAPCPA</em>) report of 2014, more than 900,000 bankruptcy cases were filed by individuals having by common cause consumer debts. That number of reports has been decreasing since then by year reaching by 2017 the amount of 767,721 cases.

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In today's decentralized business world, ________ the most important strategic decisions.

prisoha [69]

In today's decentralized business world, TOP MANAGERS are the most important strategic decision makers. Decentralization means distribution of decision making power through the hierarchy of an organization. Decentralization has increases in today's business world as it provides a dynamic environment to work.
Though, in decentralization power is also in hands of lower managers, middle managers, etc the top level managers still hold the rights to make decisions.

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3 years ago

A company uses cash to pay all of the following excepta. All of these choices are correct.b. interest to creditorsc. dividends t

never [62]

Answer:

d. depreciation expense

Explanation:

The expenses which are paid by cash reduced the cash balance displayed in the balance sheet . Like interest to creditors, stockholders dividend, wages expenses, miscellaneous expenses, admin expenses, etc. These expenses can be paid either by cash or by bank account .

But the depreciation expense is a non - cash expense which reduces the fixed asset balance over the fixed asset useful life. Plus this is shown in the income statement on the debit side. Like this other examples would be goodwill impairment, amortization expenses, etc.

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2 years ago

Mike’s Motors Corp. manufactures motors for dirt bikes. The company requires a minimum $30,000 cash balance at each month-end. I

Stolb23 [73]

Answer:

Mike's Motors Corp.

Cash Budget for July, August, and September:

July August September Total

Beginning balance $32,000 $30,000 $30,000 $32,000

Cash receipts 83,000 109,000 148,000 340,000

Bank borrowings 26,000 0 0 26,000

Total receipts 141,000 139,000 178,000 $398,000

Cash Payments 111,000 97,900 125,400 334,300.00

Interest 520 308.40 828.40

Loan repayment 10,580 15,420 26,000.00

Total payments 111,000 109,000 141,128.40 361,128.40

Minimum cash balance 30,000 30,000 36,871.60 36,871.60

Explanation:

a) Data and Calculations:

Cash Receipts Cash Payments

July $ 83,000 $ 111,000

August 109,000 97,900

September 148,000 125,400

Minimum cash balance = $30,000

Interest on borrowings = 2% per month

July ending:

Borrowing to maintain minimum cash balance = $26,000

Interest for August = $520 ($26,000 * 2%)

August ending:

Loan balance = $15,420 ($26,000 - $10,580)

Interest for September = $308.40 ($15,420 * 2%)

8 0

2 years ago

Question 1 of 10

Mumz [18]

A……………………………….,….. AAA

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2 years ago

Read 2 more answers

Bernice’s has $823,000 in sales. The profit margin is 4.2 percent and the firm has 7,500 shares of stock outstanding. The market

Irina-Kira [14]

Answer:

a. 3.58

Explanation:

the price earning ratio is obtain with the following formula:

$\frac{Market \: Price}{EPS}$

We are given with the market price, now we need to solve for the EPS

with sales and profit margin we solve for net income. then we divide by the shares outstanding to get the EPS

823,000 sales x 4.2 profit margin = 34.566‬ net income

now we solve for EPS Earning per share:

$\frac{Income}{Shares}\\\frac{34,566}{7,500} = 4.6088‬$

Now we can sovle for price-earnings ratio

$\frac{Market \: Price}{EPS}$

16.50/4.61 = 3,5791 = 3.58

8 0

2 years ago