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3 years ago

What are requirements for filing bankruptcy?

2 answers:

4 0

Answer: Chapter 12- debt is due to farming expenses and stable income is available to pay off payment plan

Chapter 15- filing is based on UN legislation and corporation files international bankruptcy

Explanation:

kodGreya [7K]3 years ago

3 0

Answer:

Answer: Chapter 12- debt is due to farming expenses and stable income is available to pay off payment plan

Chapter 15- filing is based on UN legislation and corporation files international bankruptcy

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Last year Christine worked as a consultant. She hired an administrative assistant for$15,000 per year and rented office space (u

Airida [17]

Answer:

The answer is option (C). $40,000

Explanation:

Lets consider Christine's total cost per for working as a consultant;

Total cost per year=cost of hiring administrative assistant+total rent on office space per year

where;

Cost of hiring administrative assistant=$15,000 per year

Total rent on office space per year=Amount paid per month×number of months in a year

Total rent on office space per year=(3,000×12)=$36,000 per year

replacing;

Total cost per year=(36,000+15,000)= $51,000

Net revenue=Total revenue per year-total cost per year

where;

Total revenue per year=$100,000

Total cost per year=$51,000

replacing;

Net revenue=(100,000-51,000)=$49,000

By choosing to work as a consultant she makes $49,000 a year, while losing the opportunity to earn $40,000 a year

Her opportunity cost=$40,000 a year

6 0

3 years ago

Nessca solutions inc. has recently created a hardware and software system for transmitting data among different departments with

dmitriy555 [2]

The answer is: Technology and planning integration
Technology and planning integration refers to the use of modern technology in order to achieve company's goals more efficiently.
Not only that, implementing technological assistance will lower the total cost made by the company in the long run.

8 0

3 years ago

"Do we have a loyalty program?" is a question about which of the 5Cs? a. collaborators b. context c. customer d. company

irinina [24]

Answer:

c. customer

Explanation:

-Collaborators: Refers to all the people or organizations that work with the company to provide the products or services like suppliers, distributors and investors.

-Context refers to external factors that can affect your business like trends.

-Customer refers to the people that purchase and use your product or service. This involves gathering information about your customers, their preferences and customer's strategies.

-Company refers to analyzing the company, its goals, experience and image to be able to determine if it can meet the customer's needs and accomplish its objectives.

According to this, the answer is that "Do we have a loyalty program?" is a question about customer because it refers to strategies companies use to handle the relationship with the customer and encourage repeat purchases.

3 0

3 years ago

The following information concerning a proposed capital budgeting project has been provided by Jochum Corporation: Click here to

Mekhanik [1.2K]

Answer:

Correct option $170,803

Explanation:

Consider the following calculation

NPV = -168000 - 24000 + ((640000 - 466000 - 42000)*(1 - .35)+42000)*PVAF(12%, 4 years) - 55000*PVF(12%, 3 year) + 24000*PVF (12%, 4 year)

= -192000 + 127800*3.03735 - 55000*.71178 + 24000*.6355

= 172.277

3 0

3 years ago

Pina Colada Corp. receives $180,000 when it issues a $180,000, 9%, mortgage note payable to finance the construction of a buildi

Luba_88 [7]

Answer and Explanation:

The Journal entry is shown below:-

Dec 2019 Cash Dr, $180,000

To Mortgage Payable $180,000

(Being mortgage loan taken is recorded)

Dec 2020 Interest expenses Dr,$16,200

Mortgage Payable Dr, $13,800

To Cash $30,000

(Being first installment payment is recorded)

Dec 2021 Interest expenses Dr,$14,742

Mortgage Payable Dr, $15,258

To Cash $30,000

(Being second installment payment is recorded)

Working note:-

For 2020 Interest expenses = $180,000 × 9%

= $16,200

Mortgage payable = $30,000 - $16,200

= $13,800

For 2021 Interest expenses = ($180,000 - $16,200) × 9%

= $14,742

Mortgage payable = $30,000 - $14,742

= $15,258

4 0

3 years ago