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Papessa [141]
2 years ago
5

Baby Day Care, a sole proprietorship, wants to pay as many of its obligations as reasonably possible, and be discharged of the r

est. To accomplish this goal, the proprietorship should file a petition in bankruptcy under for relief through:_______
a. a liquidation.
b. a reorganization.
c. a repayment plan.
d. an adjustment plan.
Business
1 answer:
Otrada [13]2 years ago
6 0

Answer:

b. a reorganization.

Explanation:

Under the chapter 13, the bankruptcy should be filed and it mainly reorganization plan for the payment. It is to be done by splitting the non-secured debt across the various years also it permits the individual to retain the assets

So as per the given situation, in order to attain the goal, the proprietorship should file the petition in bankruptcy under for relief via a reorganization

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The _____ Act established strict accounting and reporting rules to make senior managers more accountable and to improve and main
MrMuchimi

Answer:

Sarbanes Oxley

Explanation:

The Sarbanes Oxley act was passed in 2002 by the US congress to ensure that senior managers are more accountable by establishing strict accounting and reporting rules.

The Sarbanes Oxley Act created and gave powers to the Public Company Accounting Oversight Board to overlook the activities of the accounting industry. The Act also bans company executives from accessing loans.

Cheers.

4 0
3 years ago
A put option on a stock with a current price of $47 has an exercise price of $49. The price of the corresponding call option is
Sedbober [7]

Answer:

The answer is 5.559539 or 5.56.

Explanation:

From the given question let us recall the following statements

The current price of A put option on a stock  = $47

With an exercise price of $49

Annual risk-free rate of annual  interest is = 5%

The  corresponding  price call option is = $4.3

The next step is to find the put value

Now,

The Call price + Strike/(1+risk free interest) The Time to maturity =

Spot + Put price

Thus

The,Put price = Call price - Spot + Strike/(1+risk free interest)Time to maturity

When we Substitute the values, we get,

Put price = (4.35 - 47) + 49/1.05 4/12

Therefore, The  Put Price = 5.559539 or 5.56

4 0
3 years ago
Read 2 more answers
Which type of workplace discrimination occurs when an organization uses an employment practice that results in unfavorable outco
kipiarov [429]

Answer: When an organization uses an employment practice that results in unfavorable outcomes to a protected class it is known as the adverse impact principle.

This act takes place when a organization, wittingly or not, takes an action that will result in a individual's employment opportunity due to some elements beyond the individual's control.

6 0
3 years ago
The Xu Corporation uses a periodic inventory system. The company has a beginning inventory of 300 units at $5 each on January 1.
bogdanovich [222]

Answer:

Cost of goods sold is d. $1,600

Explanation:

The LIFO is a method used to account value for inventory. Under the method, the last item of inventory purchased is the first one sold.

1. January 1,  Inventory 300 units, $5 per unit. Total $1,500

2. Purchasing:

In February, 500 units, $4 per unit. Total $2,000

In March,  200 units, $6 per unit. Total $1,200

The Xu Corporation uses a periodic inventory system and sells 300 units during the quarter.

Cost of goods sold = 200 x $6 + 100 x $4 = $1,200 + $400 = $1,600

3 0
3 years ago
Sheffield Company lends Pharoah Company $10100 on April 1, accepting a four-month, 12% interest note. Sheffield Company prepares
Monica [59]

Answer:

The answer is:

  • Dr Interest receivable 303
  • Cr Interest revenue 303

Explanation:

The total interest Sheffield Company will charge during the four months is $1,212, equivalent to $303 per month. Since only one month has passed since the debt was made, Sheffield should record revenue for one month interest:

  • Dr Interest receivable 303
  • Cr Interest revenue 303

6 0
3 years ago
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