True cause lowest paid would be the one who does the easiest job thus giving you the answer true
Answer:
The person may not have options due to age and distance and disabilities.
Explanation
Answer:
Missing word <em>"Because the stock will be sold directly to an investor, there is no spread; the other flotation costs are insignificant"</em>
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Fair Price is based on the current valuation of business and that is $840,000 in this case.
Fair Price = Current Value of Business/Number of Outstanding Shares
Fair Price = $840,000 / 37,000 shares
Fair Price = 22.7027027
Fair Price = $22.70.
Number of Additional Shares = Additional Funding Required/Fair Price Per Share =
Number of Additional Shares = $210,000 / $22.70
Number of Additional Shares = 9251.101321585903
Number of Additional Shares = 9251 shares
So, since additional funding of $210,000 is required, Benjamin will have to sell 9,251 shares as additional shares to the Angel.
Answer:
Leno Company will record a debit to Cash in the amount of: D. $9,800
Explanation:
The terms of 2/10, n/30 means 2% discount for the payment within 10 days and the full amount to be paid within 30 days.
Fallon Company pays the invoice within the discount period - early enough to receive a 2% discount. The discount amount is 2% x $10,000 = $200.
On the other hand, Leno Company has to offer a 2% discount to Fallon Company. Cash amount Leno Company receives = $10,000 - 2% x $10,000 = $9,800
Leno Company will record a debit to Cash in the amount of $9,800
Answer:
Correct option is (d)
Explanation:
Current liabilities are part of obligations of the organization that it needs to meet within one year. Current maturities of long term debt represents that part of long term debt such a bonds or loans that need to be paid of in the current financial year.
It is shown as a separate item in the balance sheet as it is paid off using highly liquid asset such as cash.
