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
Anettt [7]
3 years ago
9

The term "financial distress costs" includes which of the following? I. Direct bankruptcy costs II. Indirect bankruptcy costs II

I. Direct costs related to being financially distressed but not bankrupt IV. Indirect costs related to being financially distressed but not bankrupt
Business
1 answer:
Alchen [17]3 years ago
4 0

Answer: All the options given are correct. Options I - IV are right.

Explanation:

Financial distress is a situation whereby an individual or an organization is unable to generate income or profit as a result of it's inability to pay its liabilities to lenders and creditors and lenders. These financial problems coupled with insufficient money result in stress.

The term financial distress cost consist of all the four options, therefore the correct answer is all the options provided. Financial distress cost is when organizations cannot pay it's liabilities from the revenue generated.

Financial distress cost can be as a result of direct costs that are related to being distressed financially but not bankrupt, indirect bankruptcy cost etc.

You might be interested in
If you waited until late in life to start saving, what two things should you try to do?
klemol [59]
Get a job and save money now
5 0
4 years ago
Read 2 more answers
How to get free products
mote1985 [20]
If there is something wrong with the product, or if there is something in it i.e bugs
3 0
3 years ago
Read 2 more answers
How data of new hired empployees are saved?
zaharov [31]

Answer:

<u><em>The HRM saves the data</em></u>

Explanation:

The Human resource management (HRM) department handles recruitment for most companies that have such a department. Therefore whenever a company recruits employees the employee data such as;

  1. Address,
  2. Family details,
  3. Medical records,
  4. Age etc,

is sent to the HRM and is usually kept within the organization for internal usuage only in a database or company's internal website.

7 0
3 years ago
Which spreadsheet type will determine how well a business has done over the past year?
Scilla [17]
A profit and loss statement<span> will determine how well a business has done over the past year.The profit and loss statement is a financial statement which shows revenue, costs and all expenses that happened during a said period of time. Most companies do this quarterly or yearly. </span>
8 0
3 years ago
Read 2 more answers
In 2022 the Splish Brothers Inc. had net credit sales of $1020000. On January 1, 2022, the Allowance for Doubtful Accounts had a
zaharov [31]

Answer:

$35,300 (Credit)

Explanation:

Given that;

Allowance = 10% × $242,000 = $24,200

Amount written off of $34,200 would have made the balance in the allowance for doubtful debts

= $34,200 - $23,100

= $11,100 (Debit)

However, the balance in the account at the end of the year should amount to $24,200 hence the adjustment required

= $24,200 + $11,100

=$35,300 (Credit)

5 0
3 years ago
Other questions:
  • Carla loses her credit card when her car is broken into. She calls the credit card company when she notices that her card is sto
    7·1 answer
  • Looking to invest in his first pair of leather dress shoes, Sean is deciding between some Alden slip-ons and some Allen Edmonds
    8·1 answer
  • In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $13,000 and ending
    14·1 answer
  • ___________ are manufactured products that have undergone substantial processing before they are incorporated into more complex
    8·1 answer
  • The following transactions were completed by the company.
    5·1 answer
  • Explain how growing personal income is related to economic conditions.
    7·1 answer
  • If you burn garbage in your backyard and the smoke damages a neighbor's house,the damage is considered an externality.The extern
    9·1 answer
  • You are looking to purchase a new car, and you expect to have annual maintenance costs to keep it running. According to your cal
    14·1 answer
  • Please give me answer​
    10·2 answers
  • To positively stimulate an economy using fiscal policy, government spending should ______, and taxes should ______.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!