Answer:
$800
Explanation:
Since $50,800 are available for distribution, the payments will start with the trustee, the lawyers and the suppliers:
- trustee will receive $15,000
- lawyers will receive $10,000
- Dart will receive $20,000
- <u>Noll will receive $5,000 </u>
After the suppliers, lawyers and trustee are paid, only $800 are left and they will be given to Boyd. The creditors with unsecured claims will get $0.
Answer:
Disaster recovery plan
Explanation:
Disaster recovery plan (DRP), it is a plan or approach which is structured as well as documented, states how the organization or business could resume work after the unplanned incident happen.
It is the vital part of the business as depend on the functioning of IT, it aims to resolve the loss of data and also recover the system functionality so that the could perform well after incident.
So, DRP, could help in recognizing the steps required to restore the failed system in the business.
Answer:
Explanation:
Amount McCoy’s Fish House should record as the cost of the land = Purchase price of land + Title insurance + Back taxes for property + Cost of removing the building + Cost of leveling the land - selling price pf salvaged materials
= $920,000 + $2,200 + $8,200 + $46,000 + $10,200 - $3,400
= $983,200
Property tax of $4,200 paid in the current year is included in the income statement as an expense and is not included in the cost of land.
Therefore, cost of land is $983,200
Answer:
Net Income Bargain Electronics would realize by accepting the special order is - $ 24,000
Explanation:
Bargain Electronics is operating at full capacity, therefore the fixed costs are relevant at this decision.
<u>Incremental Costs and Revenues - Special Order 3000 units</u>
Sales ( 3000 × $25) 75,000
Variable Cost (3000× $20) (60,000)
Fixed Costs (3000× $10) (30,000)
Shipping Costs ( 3000×$3) (9,000)
Net Income -24,000
