Income inequality is greater within nations than among nations A true B false

One year ago, Debra purchased 5,400 shares of KNF stock for $218,056. Today, she sold those shares for $19.49 a share. What is t

kramer

Answer:

Capital gain yield will be -51.73%

So option (d) will be the correct answer

Explanation:

We have given that Debra purchased 4500 shares of KNF stock for $218056

So price of one share $=\frac{218056}{5400}=$48.380$

So the beginning price = $40.380

She sold the share at price of 19.49 per share

So ending price = $19.49

We have to find the capital gain yield

We know that capital gain yield is given by

Capital gain yield $=\frac{end\ price-beginning\ price}{begninning \ price}=\frac{19.49-40.380}{40.390}=-51.73$ %

So option (d) will be correct option

7 0

3 years ago

Assume that Hann did not pay her student loans in full and did not have any supporting evidence that indicated that she did. Ins

Elina [12.6K]

Answer:

True - Because the court will test for her insolvency and/or living hardship with the Brunner test which requires her showing that she cannot maintain, based on current income and expenses, a “minimal” standard of living. This is not the case because she is employed.

Explanation:

1. Assume that Hann did not pay her student loans in full and did not have any supporting evidence that indicated that she did. Instead, Hann claims that she does make enough money to pay her full loan payment each month and that they should be forgiven. Hann is employed and makes an average salary for her occupation.In order to obtain relief from her debts, Hann need not allege that she is insolvent and cannot pay her debts.

True - Because the court will test for her insolvency and/or living hardship with the Brunner test which requires her showing that she cannot maintain, based on current income and expenses, a “minimal” standard of living. This is not the case because she is employed.

2. Generally, student loans are not dischargeable in bankruptcy.

TRUE - Student loans are not discharged in bankruptcy unless you show that payment of the debt “will impose an undue hardship on you and your dependents.”

3. An exception to this rule is if there is evidence of undue hardship

TRUE - Student loans are not discharged in bankruptcy unless you show that payment of the debt “will impose an undue hardship on you and your dependents.”

4. It is likely that Hann's financial situation does not qualify her for discharge.

TRUE - Because Hann is employed and makes an average salary for her occupation. The court will test for her living hardship and the most common test is the Brunner test which requires a showing that the debtor cannot maintain, based on current income and expenses, a “minimal” standard of living; but this is not the case because she is employed

4 0

3 years ago

Bibby Auto Shop uses a normal job-costing system to allocate overhead on the basis of labour hours. For the current year, Bibby

Drupady [299]

Answer:

Answer:

1.) Overhead Absorption rate= $30 per hour

2) Absorbed overhead= $70,500

Over-absorbed overhead=$4700

3) Journal entry:

Debit Manufacturing overhead expense $4,700

Credit Cost of goods sold $4,700

Explanation:

Overhead Absorption rate = Budgeted overhead /Budgeted labour hours

= 72,000 /2,400 hours = $30 per hour

Absorbed overhead = OAR × Actual labour hours

=$30 × 2350 = $70,500

Over-absorbed overhead = Absorbed overhead - Actual overhead

= $70,500 - $65,800 = $4700

Journal entry:

Debit Manufacturing overhead expense $4,700

Credit Cost of goods sold $4,700

Answer:

Overhead Absorption rate= $30 per hour

Absorbed overhead= $70,500

Over-absorbed overhead=$4700

Journal entry:

Debit Manufacturing overhead expense $4,700

Credit Cost of goods sold $4,700

3 0

4 years ago

Which ratios help assess the firmâ€™s ability to meet cash needs as they arise?

Tom [10]

Answer:

Option A Current Ratio

Explanation:

The reason is that current ratio gives information from which source of finance the working capital is funded from. If the answer is below 1 then the short term liabilities are used to finance the short term assets. This also tells whether or not the company possesses enough cash and cash equivalents to fund its future cash needs by comparing its result with past data and the industry average. So the right option is option A.

6 0

4 years ago

Nate is a manager at a small appliance store. He is working with an unhappy customer who is yelling at him. Nate’s policy on han

mart [117]

Compromising handling style

8 0

4 years ago

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