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3 years ago

What is one benefit of declaring bankruptcy?

Business

2 answers:

Naddik [55]3 years ago

7 0

O A. It removes debts that a person or business cannot repay.

tankabanditka [31]3 years ago

3 0

Answer: the correct answer is a

Explanation:A P E X

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Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below. Current liabilities $ 180 Income before inte

Anarel [89]

Answer:

B. 75%.

Explanation:

The formula to compute the long-term debt to equity ratio is shown below:

= (Long term debt) ÷ (total shareholder equity) × 100

= ($360 ÷ $480) × 100

= 75%

All other information which is given in the question is not consider for the computation part. Hence, ignored it

We simply divide the long term debt with the total shareholder equity to find out the ratio between them

3 0

3 years ago

The maturity of most bank loans is short term. Bank loans to businesses are frequently made as 90-day notes which are often roll

maks197457 [2]

Answer:

A. True

Explanation:

Bank loans are generally short term for meeting the working capital needs, that depends upon the operating cycle of a company.

Usually that keeps on rotating and extending, as the banks keep on earning interest and the funds are usually not needed, this results in the constant support for business.

Further this facility is only provided to the clients who are performing good and that the clients are viable.

If the balance sheets of the client depicts that they are not financially viable then the bank do not extend the time limits and tries to recover the funds as soon as possible.

5 0

3 years ago

Martin Jackson receives an hourly wage rate of $30, with time and a half for all hours worked in excess of 40 hours during a wee

goblinko [34]

Answer: 1009.75

Explanation:

Computation of Net Pay

Hourly wage 30 × 46. = 1380

Excess hours 30×1/2×(46-40) =90

Total Gross =1470

Less:

Income Tax 350

Social Security ta 1470×6%. 88.2

Medicare tax 1470×1.5% 22.05

Net Pay 1009.75

Hence Option B is correct.

7 0

3 years ago

Read 2 more answers

MC Qu. 120 Dallas Company uses a job order... Dallas Company uses a job order costing system. The company's executives estimated

SVETLANKA909090 [29]

Answer:

$6.91 per direct labor hour

Explanation:

Given that,

Estimated direct labor = $2,640,000

Estimated direct labor hours = 220,000

Factory overhead = $1,520,000

Actual overhead costs = $1,220,000

Therefore,

Predetermined overhead rate:

= Estimated overhead cost ÷ Estimated direct labor hours

= $1,520,000 ÷ 220,000 hours

= $6.91 per direct labor hour

4 0

2 years ago

If you are using a direct quote from a source, you need to put those words in quotation marks when you are borrowing:

Naddik [55]

Hello!

I do not understand what you're trying to ask/say.
Do you have any answer choices or more words you might be missing?

3 0

3 years ago