Answer:
The amount of cash required for payment within the discount period is $14454.
Explanation:
The account payables were due for 16800 after the purchase. When thegoods are returned, the accounts receivables fall by 2200 and the new balance becomes 16800 - 2200 = $14600.
The discount term states that if payment is made within the next 10 days of purchase, a 1% discount can be availed (1/10).
If the payment is made in discount period then discount received will be,
Discount received = 14600 *1% = $146
The cash required for payment will be 14600 - 146 = $14454
Answer:
At least the 110,000
The deficiency will be based on jurisdictions and the state at which the bankruptcy occur.
Explanation:
Baily will receive the 110,000 as the mortgage collateral was the real state. Once it was sold, Baley received the 110,000.
Sparkman offer is for unsecured claims, the mortage is secured, as the mortage is secured through mortgage origination.
Once Sparkman filed bankruptcy, the lender which is Bailey executed foreclosure to take ownership of the property and sell it to pay off the loan.
After foreclosure, Mailey has little to no resources for the remaining debt.
It will depend heavily on jurisdictions if Baily can force Sparkman to pay the 40,000 remaining.
Most people think some marketing is a scam or fake deals.
Answer:
Usually the nonprofit organization should report the value of the donated asset as the difference between the price when donated minus depreciation: $60,000 - $6,000 = $54,000.
But nonprofit organization can choose to recognize only a part of the donation each year as long as they use the asset. This recognized part is usually equivalent to the depreciation cost, so the value of the asset at the end of the year will always be 0. They do this to show smaller balances in order to try to attract more donations. It is always harder for wealthy nonprofit organizations to get more donations, so be having 0 assets donated, they pretend to be "poorer".
Answer:
The correct answer is c. jumps to a steeper learning curve
.
Explanation:
A steep learning curve means that in the face of a change in the production method, it is necessary to instruct the personnel that have direct and indirect incidence so that they are fully aware of how the change will be carried out in order to appropriate the new knowledge and launch it effectively. This process should have a series of phases, in which an effective development of the process is allowed in the shortest possible time.
