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maks197457 [2]
3 years ago
8

Robert G. Flanders Jr., the state-appointed receiver for Central Falls, RI, said his city's declaration of bankruptcy had proved

invaluable in helping it cut costs. Before the city declared bankruptcy, he said, he had found it impossible to wring meaningful concessions out of the city's unions and retirees, who were being asked to give up roughly half of the pensions they had earned as the city ran out of cash.
True or False
Business
1 answer:
Andrej [43]3 years ago
3 0

Answer: false

Explanation:

The alternative to the term of agreement is the declaration of bankruptcy, in which the cities can extract their pensions, it gives a much better alternative. It also increases the bargaining powers of the members of the city. It will help in extracting concessions from the government. It also increases the disagreement value of the city.

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Refurbish, Inc. bought 1,000 shares of its own stock at $8 a share. Later, it reissued the shares for $10,000. The effect of the
IRINA_888 [86]

Answer:

$10,000 increase in stockholder equity

Explanation:

The buying of treasury stock reduces the balance of stockholder equity but when the treasury stock is reissued or we can say after purchase, the sale of treasury stock is done for $10,000. So, it increases the balance of  stockholder equity

It means that the purchase of treasury stock has an adverse impact on stockholder equity whereas reissued shares have a positive impact on stockholder equity

7 0
3 years ago
Unlimited marital deduction applies when there is an outright bequest of stock
dmitriy555 [2]
That statement is true.
<span>outright bequest is another term for 'inheritance;.
When a man dies without writing any particular will, all of the assets that the man possess would be given to the spose. Due to unlimited marital deduction, the wife does not need to pay any form of taxes for all the wealth that she recieved</span>
3 0
3 years ago
The Master Manufacturing Company has just announced a tender offer for its own common stock. Master is offering to buy up to 100
siniylev [52]

Answer:

$0

Explanation:

Since the offer to repurchase the stock's is contingent (or depends on) the fact that 64% of all outstanding stocks are tendered, there is absolutely no assurance that the threshold (64%) will be met. So there is no assurance that the stockholder is going to be paid (there is no guaranteed payment at all) if he/she decides to tender the stocks.

4 0
3 years ago
Identify the statement below that is incorrect. A) The normal balance of accounts receivable is a debit. B) The normal balance o
a_sh-v [17]

Answer:

D) The normal balance of an expense account is a credit.

Explanation:

We know that

The debit sections report assets and expenses side while sales, stockholder equity, and the liability side are reported in the credit section.

So as per the given options, the incorrect answer is D as expense account has a debit balance but the question it is given that the expense account has a credit balance that is totally wrong.

3 0
3 years ago
Read 2 more answers
If the Fed has an interest-rate target, meaning they want to control the interest rate at a specific rate such as 4%, why will a
krek1111 [17]

Answer:

A rise in demand for reserves will shift the demand for reserves curve to the right which will cause a rise in interest rates. The Fed will then have to act to reduce this interest rate because they would prefer that it remained at the specific rate as mentioned.

To do this they will embark on Open Market Operations aimed at increasing money supply as this will reduce interest rates by increasing the supply of reserves because it will shift the supply curve for reserves to the right. The new equilibrium will be a lower interest rate.

The relevant Open Market Operation will be the buying of bonds from the public.

6 0
2 years ago
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