The bail-out money that exited to giant financial organizations like citibank and goldman sachs beside with general motors and Chrysler came from the troubled assets relief program. The troubled assets relief program is a program of the united states government to buy toxic assets and equity from financial organizations to reinforce its monetary sector that was employed into law by president george w. bush on october 3, 2008.
Answer:
Option (D) is correct.
Explanation:
Total Overhead Cost:
= (Overhead × Number of cases) for all products
= (20 × 350) + (25 × 550) + (17 × 650)
= 31,800
Total Machine Hours:
= Machine hours × Number of cases
= (5 × 350) + (3 × 550) + (4 × 650)
= 6,000
Overhead Rate:
= Total Overhead Cost ÷ Total Machine Hours
= 31,800 ÷ 6,000
= 5.30
Total product cost per case for Product GC:
= Direct Material + Direct Labor + Overhead
= 80 + 30 + (Machine hours × Overhead Rate)
= 80 + 30 + (3 × 5.3)
= 80.00 + 30.00 + 15.90
= $125.90
Answer:
At least the 110,000
The deficiency will be based on jurisdictions and the state at which the bankruptcy occur.
Explanation:
Baily will receive the 110,000 as the mortgage collateral was the real state. Once it was sold, Baley received the 110,000.
Sparkman offer is for unsecured claims, the mortage is secured, as the mortage is secured through mortgage origination.
Once Sparkman filed bankruptcy, the lender which is Bailey executed foreclosure to take ownership of the property and sell it to pay off the loan.
After foreclosure, Mailey has little to no resources for the remaining debt.
It will depend heavily on jurisdictions if Baily can force Sparkman to pay the 40,000 remaining.
Answer:
Option (C) is correct.
Explanation:
Cost of goods sold = $66,000
Ending Inventory = $12,000
Inventory turnover refers to the ratio of cost of goods sold and ending inventory.
Inventory turnover for Ortiz:
= 5.5 times
Therefore, the inventory turnover for Ortiz is 5.5.
Answer:
B) The Supply of corn will decrease and the price of corn will rise.
Explanation:
Option B is correct because the drought has damaged the corn crops. Therefore, this will affect the supply of corn in the market. Moreover, the damage of corn crops will shift the supply curve leftwards and this shift in the supply curve will push the prices upwards. Thus, the damage of corn crops will increase the prices due to a decrease in its supply.