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butalik [34]
3 years ago
10

Which of the following statements is most correct?(a) The primary test of feasibility in a reorganization is whether every claim

ant agrees with the reorganization plan.(b) The basic doctrine of fairness states that all debt holders must be treated equally.(c) Because the primary issue in bankruptcy is to determine the sharing of losses between owners and creditors, the public interest is not a relevant concern.(d) Although a firm is in bankruptcy, the existing management is always allowed to retain control, though the court will monitor its actions closely.(e) To a large extent, the decision to dissolve a firm through liquidation versus keeping it alive through reorganization depends on a determination of the value of the firm if it is rehabilitated versus the value of its assets if they are sold off individually.
Business
1 answer:
ss7ja [257]3 years ago
5 0

Answer:

The correct answer is letter "E": To a large extent, the decision to dissolve a firm through liquidation versus keeping it alive through reorganization depends on a determination of the value of the firm if it is rehabilitated versus the value of its assets if they are sold off individually.

Explanation:

Liquidation refers to the termination of an enterprise and the transfer of its properties to the creditor or business owners. The liquidation most frequently happens in the context of a bankruptcy. A bankruptcy trustee must sell the company properties to the creditors and split the proceeds.

<em>The decision of keeping a business against liquidating it will depend on the comparison between the value of continuing operating which relies on the current value the firm has in the market against the value of the individual assets the firm has. Whichever greater will determine if the business will remain open or if it will be closed.</em>

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Although monopolies are not allowed in the United States, the government does understand that in certain situations it doesn't
PtichkaEL [24]
False is the correct answer
3 0
2 years ago
Jaycee Jeans sold 40 pairs of jeans at a price of $40. When it lowered its price to $20, the quantity sold increased to 60 pairs
grigory [225]

Answer:

The answer is: A) 0.6

Explanation:

First we will calculate the midpoint for units:

  • change in units = 40 - 60 = -20
  • average units = (40 + 60) / 2 = 50
  • midpoint for units = 20 / 50 = 0.4 (we only use positive numbers)

Now we will calculate the midpoint for price:

  • change in price = 40 - 20 = 20
  • average price = (40 + 20) / 2 = 30
  • midpoint for units = 20 / 30 = 0.67

Finally we divide 0.4 / 0.67 = 0.6

4 0
2 years ago
Find the monthly house payment necessary to amortize the following loan. In order to purchase a home, a family borrows $70,000 a
enot [183]

Answer:

Monthly payment is $840.12

Explanation:

we are given: $70000 which is the present value of the loan Pv

                       12% compounded monthly where the interest rate is adjusted to monthly where i = 12%/12

the period in which the loan will be repaid in 15years which contain 15x12 = 180 monthly payments which is n

we want to solve for C the monthly loan repayments on the formula for present value as we are looking for future periodic payments.

Pv = C[((1- (1+i)^-n)/i] thereafter we substitute the above mentioned values and soolve for C.

$70000= C[((1-(1+(12%/12))^-180))/(12%/12)] then compute the part that multiplies C in brackets and divide by it both sides.

$70000/83.32166399 = C  then you get the monthly loan repayments

C = $840.12 which is the monthly repayments of the $70000 loan.

3 0
3 years ago
Brief Exercise 9-17 Record early retirement of bonds issued at a premium (LO9-7)
butalik [34]

Answer:

Dr Bonds payable                       $50,700

Dr premium on bonds payable     $4,265

Cr Cash                                                                                 $53,000

Cr gain on bonds retirement($50,700+$4,265-$53000) $1,965

Explanation:

The premium yet to be amortized on the bond at retirement is the carrying  value minus face value i.e  $54,965-$50,700=$4265

The premium  on bonds payable would now be debited with $4265

The cash paid on retirement would be credited to cash account

The face value of the bonds payable of $50,700 would be debited to bonds payable in order to show that the obligation has been discharged.

4 0
3 years ago
A company produces a single product. Variable production costs are $12.90 per unit and variable selling and administrative expen
Scrat [10]

Answer:

$10,965

Explanation:

Computation for the dollar value of the ending inventory under variable costing

First step is to find the Units in ending inventory

Using this formula

Units in ending inventory = Units in beginning inventory + Units produced−Units sold

Let plug in the formula

Units in ending inventory= 0 units + 4,900 units−4,050 units

Units in ending inventory = 850 units

Last step is to find the Value of ending inventory under variable costing

Using this formula

Value of ending inventory under variable costing = Unit in ending inventory × Variable production cost

Let plug in the formula

Value of ending inventory under variable costing= 850 units × $12.90 per unit

Value of ending inventory under variable costing = $10,965

Therefore the dollar value of the ending inventory under variable costing would be $10,965

6 0
3 years ago
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