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GaryK [48]
3 years ago
11

Protective covenants: Group of answer choices a.only apply to bonds that have a deferred call provision. b.are primarily designe

d to protect bondholders. c.apply to short-term debt issues but not to long-term debt issues. d.only apply to privately issued bonds. are a feature found only in government-issued bond indentures.
Business
2 answers:
patriot [66]3 years ago
6 0

Answer: The correct answer is b) are primarily designed to protect bondholders.

Explanation:

A Protective Covenant is part of an indenture that limits certain actions a company may take during the term of the loan to protect the lender's interests.

They are restrictions placed on the firm issuing bonds in a bid to protect bondholders. For example; they can be limits on dividend or limits on debt a firm can cause.

tiny-mole [99]3 years ago
4 0

Answer:

B. are primarily designed to protect bondholders

Explanation:

Protective covenants are designed primarily to protect bondholders from future actions of bond issuer. They are also part of a loan agreement that limits certain actions a company may take during the course of the loan to protect the person who lend the money interests. They provide extra protection for the investors. Creditors use it to protect their interests by restricting certain activities of the issuer that could endanger the creditor's interest.

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algol [13]

Explanation:

  • Q1.Can my eyes capture things within the normal distance?
  • Q2. Am I feeling normal without any illness?
  • Q3. Is hearing fine?

Answer for Q1: I would list down things that I could see from normal distance, objects on my left and right and would ask my family member to cross check.

Answer for Q2: Driving with heavy fever, or other illness sometimes make driving difficult. So it risks both passenger and driver's life.

Answer for Q3: I would self check with normal hands-free. I would check one ear at a time.

7 0
3 years ago
you hear about an economy with no change in the number of workers or capital. yet, production increases. what idea does this ill
olasank [31]

Answer:

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3 years ago
Exercise 16-05 a-b (Video) In Waterway Company, materials are entered at the beginning of each process. Work in process inventor
____ [38]

Answer:

(a) Total units for January = 14,200

Total units for May = 23,260

(b). Conversion cost for :

January = 13,053  

March = 13,660

May = 21,688

July = 11,212

Explanation:

As per the data given in the question,

1)

                                                 Jan.                        May

Units to be accounted for

Beginning WIP                            0                            0

Started into production            14,200                   23,260

Total number units                   14,200                   23,260

Units accounted for

Transferred out                         11,100                   15,400

Ending WIP                                 3,100                      7,860

Total units                                 14200                   15400

2)

We can calculate the conversion cost by using following formula:

Conversion cost = Transferred out unit + (Work in process  unit × conversion cost)

                            Material           Conversion cost

Jan.                       14,200                    13,053              (11,100 + 3,100 × 63%)

Mar.                      15,700                     13,660              (12,300 + 3,400 × 40%)

May                       23,260                   21,688             (15,400 + 7,860 × 80%)

July                        12,400                   11,212              (10,200 + 2,200 × 46%)

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Phoenix [80]

Answer:why

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Why

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Prepare a statement of cash flows using the indirect method for the year ended June 30, 2019. (Amounts to be deducted should be
juin [17]

Answer:

                                      IKIBAN INC.

           Statement of cash flow using indirect method for

                           the year ended June 30, 2019

Particulars                                                                   Amount $

Cash flow from operating activities

Net Income                                                                  145,510

<em>Adjustments to reconcile net income to net</em>

<em>cash provided by operating activities   </em>

<u>Adjustment for non cash effects</u>

Depreciation                                                                 81,600

Gain on sale of equipment                                          -4,300

<u>Change in operating assets & liabilities</u>

Increase in accounts receivable                                 -25,500

Decrease in inventory                                                  34,200

Decrease in prepaid expenses                                    3,300

Decrease in accounts payable                                    -16,500

Decrease in wages payable                                        -11,300

Decrease in income taxes payable                             <u>-2,700  </u>

Net cash flow from operating activities (A)              204,310

Cash Flow from Investing activities

New equipment purchased                                        -80,600

Equipment sold                                                             <u>12,300</u>

Net cash Flow from Investing activities (B)        -68,300

Cash Flow from Financing activities  

Cash dividends paid                                                   -162,310

($31,000 + $145,510 - $14,200)

Common stock issued                                                  83,000

Notes payable paid                                                     <u>-30,000</u>

Net cash Flow from Financing activities (C)            -109,310

Net Change in cash = A+B+C                                   $26,700

($204,310 - $68,300 - $109,310)

Beginning cash balance                                          <u>$67,000</u>

Closing cash balance                                               <u> $93,700</u>

5 0
3 years ago
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