$8,000,000 - corporate issued
5 % - annual interest
30 % - income tax rate
Annual net cash cost - ?
Formula and Solution - (8,000,000 x 0.05) x 0.7 = 280,000
Answer: The Annual net cash cost - $280,00
PW = FW×(1+i)^-n
PW = $19340×1.15^-1 + $2280×1.15^-2 + $26600×1.15^-3 + $24240×1.15^-4 + $8770×1.15^-5 = $54250.90
hence PW = $54250.90
Answer:
1. Bankruptcy law is primarily state law. b. False
2. The <u> </u><u>federal </u> government is given the power to establish bankruptcy laws in Article I, Section 8 of the <u> U.S constitution</u>. The purpose of bankruptcy law is to protect the <u> debtor </u> by giving him or her a fresh start and to ensure <u>equitable</u> treatment of the <u> </u><u>creditors</u>.
Fill in the blanks with words that would best complete the passage.
equitable federal debtor perfect state assets state constitutions creditors U.S. Constitution
3. Bankruptcy proceedings are held in <u> federal bankrupcy courts</u>.
4. Title <u> 11 </u>of the United States Code contains the Bankruptcy Code.
5. The Bankruptcy Code has several chapters. Chapter <u> 7 </u>provides for liquidation proceedings, Chapter <u> 11 </u>governs reorganizations, and Chapter <u>13</u> provides for an adjustment of debts for individuals with regular income.
6. In order to obtain bankruptcy relief a debtor must be insolvent, or unable to pay his debts. b. False
7. Consumer-debtors are those whose debts result from the purchase of goods for <u> personal</u> use. The Bankruptcy Code<u> </u><u>requires</u> that court clerks provide additional<u> information </u>to consumer-debtors when they file for bankruptcy.
Answer:
D) 356
Explanation:
ME = Z x √[(P x Q) / N]
- margin of error (ME) = 4%
- 90% confidence level (Z) = 1.645 (by convention)
- P = 70% of apples exceed Grade A
- Q = 30% of apples do not exceed Grade A
- N = sample size = ?
0.04 = 1.645 x √[(0.7 x 0.3) / N]
0.04 = 1.645 x √(0.21 / N)
0.04 = 1.645 x 0.458 / √N
0.04 = 0.7538 / √N
√N = 0.7538 / 0.04 = 18.84
N = 18.84² = 355.2 ≈ 356 (there is no 0.2 apples, you must round up)
Answer:
Cashflow from Operating Activities
Net Income $120,400
Adjastment for Non-Cash Items
Depreciation $5,300
Amortization $3,400
Adjastments of Items appearing elsewhere
Loss from the sale of land $4,000
Net Cash flow from operating activities $133,100
Explanation:
Net Income is reconciled in the cashflow statement via the indirect method. Its is adjasted for Non-Cash Items, Items appearing elsewhere in the cashflow statement and Working Capital Movements