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3 years ago

Which of the following is the lowest priority of claims in bankruptcy?

Business

2 answers:

Lubov Fominskaja [6]3 years ago

4 0

Answer:

( B ) Mortgage on principal residence

schepotkina [342]3 years ago

3 0

Answer: A

Explanation:

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Chicken Can has net sales revenue of $1,420,000, cost of goods sold of $761,700, and all other expenses of $307,000. The beginni

kotykmax [81]

Answer:

The fixed asset turnover ratio is closest to 3.62.

Explanation:

The fixed asset turnover ratio can be calculated using the following formula:

Fixed asset turnover ratio = Net sales revenue / Average fixed assets …….. (1)

Where:

Net sales revenue = $1,420,000

Average fixed assets = (Beginning balance of fixed assets + Ending balance of fixed assets) / 2 = ($378,000 + $406,000) / 2 = $392,000

Substituting the values into equation (1), we have:

Fixed asset turnover ratio = $1,420,000 / $392,000 = 3.62

Therefore, the fixed asset turnover ratio is closest to 3.62.

8 0

3 years ago

If beginning inventory (bi purchases (p - ending inventory (ei = cost of goods sold (cogs, an equivalent equation can be written

Tomtit [17]

I had to look for the options and here is my answer:
Based on the one presented above, we can say that the equivalent equation can be written like this: BI + P = COGS + EI. BI refers to the beginning inventory and P is the purchases. The COGS is the cost of goods sold. EI is the ending inventory. Hope this helps.

3 0

3 years ago

Read 2 more answers

Incoterms determine the seller’s and buyer’s respective obligations concerning responsibilities and charges for the transportati

Sergeu [11.5K]

Answer:

True

Explanation:

Hi, the statement is true.

Incoterms (International Commercial Terms) are commercial terms, commonly used in international commercial transactions.

These terms determine the obligations, reponsabilities, costs and risks of both parts involved in a comercial transaction ( buyer and seller) where goods are delivered.

Incoterms rules are accepted worldwide.

5 0

4 years ago

$400,000 capital investment proposal has an estimated life of 4 years and no residual value. The estimated net cash flows are as

Brilliant_brown [7]

Answer:

Net present value = $13,110

Explanation:

The computation of the net present value is shown below:

Years Cash flows Present value factor Present value

0 -$400,000 1 -$400,000 (A)

1 $200,000 0.893 $178,600

2 $150,000 0.797 $119,550

3 $90,000 0.712 $64,080

4 $80,000 0.636 $50,880

Net present value $13,110 (B - A)

6 0

4 years ago

The 10% bonds payable of Kim Company had a net carrying amount (carrying value) of $2,850,000 on July 2, 2021. The bonds, which

Marysya12 [62]

Answer:

-$159,000

Explanation:

Calculation to determine the loss that Kim should record on the early retirement of the bonds on July 2, 2021

First step is to calculate the CV of bonds

CV of bonds =$2,850,000 + [($2,850,000 × 12%/2) – ($3,000,000 × 10%/2)]

CV of bonds =$2,850,000 + [($2,850,000 × .06) – ($3,000,000 × .05)]

CV of bonds =$2,850,000 +($171,000-$150,000)

CV of bonds =$2,850,000 +$21,000

CV of bonds =$2,871,000

Now let determine the Loss

Loss=$2,871,000 – ($3,000,000 × 1.01)

Loss=$2,871,000 – $3,030,000

Loss= -$159,000

Therefore the loss that Kim should record on the early retirement of the bonds on July 2, 2021 is $159,000

5 0

3 years ago