Answer: I will vote in favor of the bill.
Explanation:
Based on the above scenario, I would vote in favor of the bill. The argument here is in the case of bankruptcy, if an individual is willing to pay their dues but because of unavoidable financial circumstances, the individual seeks more time or other assistance which can help so that the person will later pay. I believe it's a good idea which should be supported by the law.
The court should have the right to decide terms of mortgages to help debtors in order for them to pay their debts in future rather than forcing them to leave the house. It will also help the country deal with issue of facilitating housing to maximum number of individuals.
In my opinion, the judge's decision should be given prime importance as the judge must evaluate the intention of the debtor and the capability of the debtor to pay the debts
Answer:
Work in process inventory at April 30 is $4,700
Explanation:
In this question, we apply the cost of goods manufactured formula which is shown below:
Cost of goods manufactured = Opening balance of work in progress + total manufacturing cost - ending balance of work in progress
where,
Total manufacturing cost = Direct material + direct labor + overhead
= $27,000 + $30,000 + $8,000
= $65,000
So, the ending balance work in progress equal to
= $9,000 + $65,000 - $69,300
= $4,700
Answer: $38,200
Explanation:
There are 28,000 Outstanding shares with a $13 market value.
That means that in total they are valued at,
= 28,000 * 13
= $364,000
The firm announced a 15% dividend so we take 15% of the total amount.
= 15% * 364,000
= $54,600
$54,600 is the total amount they will pay as dividends.
Dividends are taken from the Retained Earnings meaning that the balance in Retained earnings is therefore,
= $92,800 - $54,600
= $38,200
$38,200 will be the balance in the retained earnings account after the dividend.
Debit withdrawals; credit cash is the correct answer.
<h3>What are drawings in accounting?</h3>
- A drawing bank is not in and of itself a bank account.
- Drawing in accounts are the records kept by a company owner or auditor that show how much cash has been taken by business owners.
- These are transfers made for personal use rather than for the profit of the business, yet they are governed in a way that employee earnings are not.
- Because these transfers must be offset against the owner's equity, accurate records must be maintained.
- A separate drawings directly deals with it simpler to keep track of these actions and balance the books at the conclusion of every fiscal year when you need to know how to end your drawings account.
learn more about drawing account refer:
brainly.com/question/28137060
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