1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ohaa [14]
3 years ago
15

Suppose NanoSpeck, a biotechnology firm, is selling stocks to raise money for a new lab—a practice known as finance. Buying a sh

are of NanoSpeck stock would give Jacques the firm. In the event that NanoSpeck runs into financial difficulty, will be paid first._________
Business
1 answer:
marishachu [46]3 years ago
5 0

Answer: Bond holders                                          

                 

Explanation: In simple words, bondholders refers to the creditors of the organisation. The holders of the bond are not the owners as they are paid fixed interest and are not able to participate in the decision making of the company.

In the event of liquidation, bondholders are paid first because it is assumed that the decision makers should be punished for the liquidation and hence they should be paid at last.

You might be interested in
Which of the following describes accrued revenue? (Check all that apply) Multiple select question. The adjustment causes an incr
vaieri [72.5K]

Answer:

  • The adjustment causes an increase in an asset account and an increase in a revenue account.
  • Accounts receivable is usually increased when accruing revenues.
  • They refer to revenues that are earned in a period, but have not been received and are unrecorded.
  • They refer to earnings which have been earned but not yet billed.

Explanation:

Accrued revenue refers to cash earned for selling a good or delivering a service yet the cash has not been received and the transaction was not recorded in the books as revenue. This means that the cash has been earned but it has not been billed to the customer it was earned from.

When the books are being adjusted for this, the accounts receivable - which is an asset account - will increase to show that cash is owed. Revenue will also increase as this was cash earned from delivering a good or service.

6 0
2 years ago
The assets for BIZZ0 in 2018 were $187,300; the liabilities for that year were $275,600; and the net income was $17,700. What wa
Leto [7]

Answer: 9.45%

Explanation:

From the question, we are informed that the assets for BIZZ0 in 2018 were $187,300, the liabilities for that year were $275,600; and the net income was $17,700.

The return on income for the year will be:

= ( Net Income / Total Assets ) × 100

= ($17,700 / $187,300) × 100

= 0.0945

= 9.45%

8 0
3 years ago
A corporate bond has a face value of $1,000 and a coupon rate of 9.5%. The bond matures in 12 years and has a current market pri
joja [24]

Answer:

5.71%

Explanation:

The after tax cost of debt=pretax cost of debt*(1-t)

where t is the tax rate of 35% or 0.35

pretax cost of debt=yield to maturity

The yield to maturity can be determined using rate formula in excel as below:

=rate(nper,pmt,-pv,fv)

nper is the number of coupon interest payable by the bonds i.e 12 coupons in 12 years

pmt is the annual coupon=$1000*9.5%=$95

pv is the current market price-flotation cost=$1,100-$48=$1052

fv is the face value of $1000

=rate(12,95,-1052,1000)=8.78%

After tax cost of debt=8.78% *(1-0.35)=5.71%

6 0
3 years ago
Suppose a country's productivity last year was 84. if this country's productivity growth rate of 5% is to be maintained, this me
cupoosta [38]
88.2
Multiply 84 by 1.05
6 0
3 years ago
During its first year of operations, Silverman Company paid $12,240 for direct materials and $10,700 for production workers' wag
laila [671]

Answer:

$12,480

Explanation:

Given:

Amount paid for direct material = $12,240

production workers' wages = $10,700

Lease payments and utilities on the production facilities amounted = $9,700

general, selling, and administrative expenses = $3,800

Units produced = 6,800 units

Units sold = 4,200

Unit price of a unit = $7.30

Now,

Per unit Cost of production =\frac{\textup{Total cost involved}}{\textup{Total number of units produced}}

or

Per unit Cost of production =\frac{\textup{12240+10700+9700}}{\textup{6800}}

or

Per unit cost of production = $4.80

Also,

Units left in the inventory = Total units produced - Units sold

= 6,800 - 4,200

= 2,600

Thus,

Amount of finished goods inventory on the balance sheet at year-end

= units left in the inventory × Per unit cost of production

= 2,600 × $4.80

= $12,480

7 0
3 years ago
Other questions:
  • Why did the safavid empire decline so quickly ?
    10·1 answer
  • On December 31, 2018, Interlink Communications issued 6% stated rate bonds with a face amount of $107 million. The bonds mature
    10·1 answer
  • During January 2017 General Fund supplies ordered in the previous fiscal year and encumbered at an estimated amount of $2,000 we
    13·1 answer
  • Suppose GDP in this country is $1,330 million. Enter the amount for government purchases. National Income Account Value (Million
    8·1 answer
  • Adjusting entries are Select one: a. usually required before financial statements are prepared b. not necessary if the accountin
    15·1 answer
  • Interest rates on 4-year Treasury securities are currently 6.5 percent, while 6-year Treasury securities yield 6.8 percent. If t
    14·1 answer
  • During the month of July, Clanton Industries issued a check in the amount of $767 to a supplier on account. The check did not cl
    13·1 answer
  • Andy works at AZ Corporation. He has been working very hard and feels he deserves a pay hike. He wants to seek a meeting with An
    10·1 answer
  • Jill is much stronger than Jack and stares at him in a menacing way. One day she tells Jack that she is going to beat him if she
    10·1 answer
  • Live Trap Corporation received the data below for its rodent cage production unit. OUTPUT INPUT 50,200 cages Production time 625
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!