Compare the types of team with the characteristics of successful team and affective team

Jacobi Supply Company recently ran into certain financial difficulties that have resulted in the initiation of voluntary settlem

Mashcka [7]

Answer: Composition

Explanation:

The company owes $150,000 and would pay $0.50 on every dollar immediately.

The cash payment required of the company would therefore be:

= Amount of debt in $ - Amount to be paid per dollar.

= 150,000 * 0.5

= $75,000

Timing of payment is immediately.

A composition refers to an agreement between a debt and its creditors that would allow it to pay off part of its debt in lieu of the total value. This is usually done when the debt risks being insolvent or bankrupt but can still pay off part of its debt.

The agreement would enable it pay off some of the debt and the entire debt would be written off. The benefit to the debtor is that they avoid bankruptcy and the benefit to the creditor is that they get more than they would have gotten had bankruptcy been declared.

A composition is what happened here as a part of debt was paid to satisfy the full thing.

5 0

3 years ago

What is a rat called?

raketka [301]

Answer:

69 or a mouse

Explanation:

4 0

3 years ago

Read 2 more answers

A NASDAQ security is bid at $42 and offered at $42.25. An over-the-counter trader effects a trade at $42.25 and charges a commis

ella [17]

$42.25
- trade prices that are shown on the tape DO NOT include commission.

4 0

3 years ago

One autumn, the weather is perfect for growing pumpkins, and the pumpkin crop is much larger than usual. Meanwhile, when hallowe

valentina_108 [34]

Answer: Price of pumpkins will fall compared to last year.

Explanation: Favorable weather leading to a larger crop than usual means that there is more supply of pumpkins this year than before. Shifting the supply curve down to the right. At the same time, when people switch away from jack-o'-lanterns towards buying more costumes, it leads to a decline in the demand for pumpkins shifting the demand curve to the left.

The net result will be a decline in the demand for fall in the price of pumpkin. However, the effect on the quantity cannot be determined as it depends on the magnitude of shift in the two curves.

5 0

3 years ago

The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2016, included the following

Maurinko [17]

Answer:

Net income = $364,000

Earning per share (EPS) = $0.36 per share.

Explanation:

A continuous multiple-step statement of comprehensive income is a form of income statement shows in a categorical and continuous manner operating income, i.e. the profit earned from the primary activities of an entity through buying and selling merchandise, other income and expenses, and net income.

For this question, continuous multiple-step statement of comprehensive income can be prepared as follows:

Lindor Corporation

Multiple-step Statement of Comprehensive Income for 2016

Details $ 

Sales revenue 2,300,000

Cost of goods sold 1,400,000

Gross profit 900,000

Operating expenses:

Selling and administrative expenses (420,000)

Operating income 480,000

Non operating income and exp.:

Unrealized holding gains on inv. sec. 80,000

Interest expense (40,000)

Income before tax 520,000

Income tax (30% * $520,000) (156,000)

Net income  364,000 

EPS (364,000 / 1,000,000) 0.36

8 0

3 years ago