Natural resources that can be replaced, either by themselves or through the efforts of people

1. Bankruptcy law is primarily state law. a. True b. False 2. The government is given the power to establish bankruptcy laws in

exis [7]

Answer:

1. Bankruptcy law is primarily state law. b. False

2. The federal  government is given the power to establish bankruptcy laws in Article I, Section 8 of the  U.S constitution. The purpose of bankruptcy law is to protect the  debtor  by giving him or her a fresh start and to ensure equitable treatment of the creditors.

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  federal bankrupcy courts.

4. Title 11 of the United States Code contains the Bankruptcy Code.

5. The Bankruptcy Code has several chapters. Chapter 7 provides for liquidation proceedings, Chapter  11 governs reorganizations, and Chapter 13 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 personal use. The Bankruptcy Code requires that court clerks provide additional information to consumer-debtors when they file for bankruptcy.

8 0

3 years ago

Marpor Industries has no debt and expects to generate free cash flows of $16 million each year. Marpor believes that if it perma

tatyana61 [14]

Answer and Explanation:

The computation is shown below:

a. Marpor's value without leverage is

But before that first we have to calculate the required rate of return which is

The Required rate of return = Risk Free rate of return + Beta × market risk premium

= 5% + 1.1 × (15% - 5%)

= 16%

Now without leverage is

= Free cash flows generates ÷ required rate of return

= $16,000,000 ÷ 16%

= $100,000,000

b. And, with the new leverage is

= (Free cash flows with debt ÷ required rate of return) + (Tax rate × increase of debt)

= ($15,000,000 ÷ 0.16) + (0.35 × $40,000,000)

= $93,750,000 + $14,000,000

= $107,750,000

5 0

3 years ago

LO 4.3From beginning to end, place these items in the order of the flow of goods.

mafiozo [28]

Answer:

cost of goods sold
raw materials inventory
work in process inventory
finished goods inventory

Explanation:

solution

As manufacturing industry always keep the track of costs of each inventory as product is moving from the raw material inventory in to the work in process and by the work in process it goes into the the finished goods inventory

so order of the flow of goods from beginning to end is

cost of good sold
raw material inventory : it is the total cost of material that is use in production process
work in process inventory : work in process inventory is continually update work cost is record
finished good inventory : after each job work complete then product is transfer to finished goods inventory

3 0

3 years ago

Wyzard Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbishe

trasher [3.6K]

Answer:

Revenue variance $1800 Favorable

Explanation:

Revenue variance is the difference between the actual revenue and the standard revenue from the actual units sold. It is can be determined as follows:

Revenue variance

$

Revenue from 32 units (32× 3,800) 121,600

Actual revenue 123,400

Revenue variance 1800 Favorable

Revenue variance $1800 Favorable

8 0

3 years ago

The allowance for doubtful accounts is reported as a(n) __________ on the balance sheet.

Firlakuza [10]

B. The allowance for doubtful accounts is reported as a deduction from accounts receivable on the balance sheet

6 0

2 years ago