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AleksAgata [21]
2 years ago
11

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

ent procedures. The firm currently has $150,000 in outstanding debts and approximately $75,000 in liquidatable short-term assets. Each creditor will be paid 50 cents on the dollar immediately, and the debts will be considered fully satisfied. Indicate whether the plan is an extension, a composition, or a combination of the two. Indicate the cash payments and timing of the payments required of the firm under the plan.
Business
1 answer:
Mashcka [7]2 years ago
5 0

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.

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Electronic media have changed the way employers select qualified candidates. Applicant tracking systems (ATS) are often the firs
guapka [62]

Answer:

a. Move all text to the right.

a. Unusual typefaces, underlining and italics.

c.Unfamiliar abbreviations.

Explanation:

Application Tracking System (ATS) is a software which helps organization to manage the recruiting process. It enables to look for required skills in a certain applicant and then select those candidates who matches the certain requirements by organization.

The candidates should format the resume as short lines and mention key points. Move all text to the right to be able for ATS to ease tracking process.

The candidates should avoid including unusual typefaces and italics, should not use unfamiliar abbreviations.

8 0
2 years ago
Given the following information, calculate the total amount of annual operating expenses for this income-producing property: min
stira [4]

Answer:

$100,000

Explanation:

Operating expenses refers to the expenses incurred by the firm at the time of starting the business.

Total amount of annual operating expenses for this income-producing property:

= minor roof repairs + property taxes + maintenance + janitorial + security

= $20,000 + $30,000 + $25,000 + $15,000 + $10,000

= $100,000

8 0
2 years ago
Caddie Manufacturing has a target debt-equity ratio of .35. Its cost of equity is 12 percent, and its pretax cost of debt is 6 p
frutty [35]

Answer:

10.12%

Explanation:

The computation of the WACC is shown below:

= Cost of debt × (1 - tax rate) × weight of debt + cost of equity × weight of equity

= 6% × (1 - 0.21) × 0.35 ÷ 1.35 + 12% × 1 ÷ 1.35

= 1.23% + 8.89%

= 10.12%

We simply multiplied the capital structure with each of its weight so that the WACC could come and the same is to be considered

7 0
3 years ago
A buyer is closing on the purchase of a residence. The taxes for the year are estimated to be $4,780. The closing date is Januar
Aneli [31]

Answer:

For seller = $196.44

For buyer = $4583.56

Explanation:

Data provided in the question:

Taxes for the year = $4,780

Date of closing = January 16

since the day of closing belongs to the buyer therefore the seller owns the tax for 15 days only

Per day tax = [ Taxes for the year ] ÷ 365

= $4,780 ÷ 365

= $13.095 per day

Hence,

Proration will be

for seller = $13.095 per day × 15 days

= $196.44

For buyer = $4,780 - $196.44

= $4583.56

6 0
3 years ago
Review each of the investment opportunities provided by Earll Investments and Pima Financial Trading. In a three paragraph essay
quester [9]

All investment strategies do involve some level of risk. Considering the evidence at my disposal, the first investment is made in the investment opportunity that is most likely to be fake.

The real dangers of investing with this company are those associated with land, stocks, goods, or legal disputes.

What potential profits may I expect from my investment?

The investment's projected return, or what we refer to as the potential return, has the potential to generate significant profit or loss.

Keep in mind that it is regarded as a type of computed metric that enables investors to determine the possible profit an investment may receive; in the example above, it may result in greater profit or loss.

Learn more about investments here;

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5 0
8 months ago
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