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4 years ago

The estate in bankruptcy does NOT include one of the following:_______

Business

1 answer:

Vlada [557]4 years ago

5 0

Answer:

Property that was sold three years ago by the debtor(A)

Explanation:

Property that was sold three years ago by the debtor : Debtor has no legal claim on the property of the bankrupt.

Community property: This is also knows as marital property. It belongs to both partners in marriage. Community property is part of the bankruptcy estate, even if only one spouse files for bankruptcy.

Property transferred in a transaction voidable by the trustee : these are transactions that trustee can prove to be voidable and recover transferred assets back to the bankrupt provided it can be proven to have been improperly transferred.

Proceeds and profits from the property of the estate : These are income realized from the estate after trustee fee has been paid and other associated expenses.

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how much of a stock's $30 price is reflected in pvgo if it expects to earn $4 per share, has an expected dividend of $2.50, and

Kruka [31]

The amount of the stock price that will be reflected in the PVGO is $10

The value of an organization's potential future growth is symbolized by the acronym PVGO, or "present value of growth opportunities." It represents the potential value for the organization by reinvesting its earnings back into the business.

Expected Dividend payment (D) = $2.50

Total Earnings (E) = $4

Rate of return (ROR) = 20%

Step 1. Using no growth rate (GR), computing the stock price (SP)

Since the growth rate is not specified, 0% is taken as the default value.

The stock price (SP) = E/ROR

= $4 / 20%

Stock price = $20.

Step 2. Computing the SP reflected in PVGO.

So, total SP with no GR

= $30 - $20

Stock price with no growth rate = $10

Hence, the $10 will be reflected in the PVGO

Learn more about PVGO:

brainly.com/question/28434542

#SPJ4

7 0

1 year ago

Bramble sells softball equipment. On November 14, they shipped $4300 worth of softball uniforms to Novak Middle School, terms 3/

Dafna1 [17]

Answer:

$3,850

Explanation:

Calculation to determine What amount will be recognized as accounts receivable, net on the balance sheet as of November 30

Using this formula

Accounts receivable=Goods shipped -Defective merchandise return

Let Plug in the formula

Accounts receivable=$4,300-$450

Accounts receivable=$3,850

Therefore What amount will be recognized as accounts receivable, net on the balance sheet as of November 30 is $3,850

5 0

3 years ago

ACME labs bought a new inspection device for $182,730. The accounting department has estimated that the device will have an annu

enyata [817]

Answer:

salvage value is $16,368.34

Explanation:

given data

initial cost = $182,730

annualized capital cost = $42,442

service life = 7 year

interest rate = 15%

solution

we get here first present value that is

annual value = rate × $\frac{present\ value}{(1 - (1+ r)^{-t})}$ .................1

put here value and we get

42,442 = 15% × $\frac{present\ value}{(1 - (1+ 0.15)^{-7})}$

solve it we get

present value = $176,576.5343

present value = initial investment + salvage value ..............2

we take here present value and initial investment will be negative

-176,576.5343 = -182,730 + salvage value(p/f,15%,7)

-176,576.5343 +182,730 = salvage value(p/f,15%,7)

6,153.465 = salvage value × 0.3759

salvage value = 16,368.34

3 0

3 years ago

A corporation issued 2,500 shares of its no par common stock at a cash price of $11 per share. The entry to record this transact

Rus_ich [418]

Answer:

B. Debit cash $27,500 ; Credit common stock $27,500

Explanation:

The journal entry to record the transaction is;

Cash account Dr $27,500

(2,500 shares × $11)

To Common stock account Cr $27,500

Cash is an asset hence debited because it decreases as it was used to pay for bills while common stock is credited because it increases shareholder's equity.

5 0

4 years ago

A current warehouse system has five warehouses with 4,000 units at each warehouse. The company desires to change to three wareho

miskamm [114]

Answer:

Correct option is C.

15492 is the average ware-house inventory level.

Explanation:

A current warehouse system has five warehouses with 4,000 units at each warehouse. The company desires to change to three warehouses to become more centralized and keep the same customer service levels.

Average warehouse inventory levels =4000*5*(3/5)0.5 =15492

3 0

3 years ago