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3 years ago

Bankruptcy is the legal process of reducing or eliminating an amount owed. O True O False

Business

2 answers:

vova2212 [387]3 years ago

3 0

The answer would be trueee

WARRIOR [948]3 years ago

3 0

It’s true!!! Have a nice day٩( 'ω' )و

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Garfield Company has the following information for the current year: Beginning fixed manufacturing overhead in inventory $230,0

Lemur [1.5K]

Answer:

the difference between operating incomes under absorption costing and variable costing is $180,000 .

Explanation:

The difference between the two Operating Incomes lies in the amount of Fixed Overheads that has been deferred in Inventory.

So, calculation of the difference will be as follows :

Beginning fixed manufacturing overhead in inventory $230,000

Less Ending fixed manufacturing overhead in inventory ($50,000)

Difference between absorption costing and variable costing $180,000

3 0

4 years ago

The Janjua Company had the following account balances at 1/1/18:

Step2247 [10]

Answer:

a. Journal Entry:

Investments in Debt securities (Dr.) $1500

Fair Value of Debt securities(Cr.) $1500

b. Equity Section:

Common Stock $65,000

Retained Earnings $22,000

Treasury Stock $13,400

Revaluation of Debt securities $1,500

Explanation:

Investments in AFS Debt securities 40,000

Fair value of the investment on 12/31/2018 is $41,500

The difference between fair value and reported value will be adjusted through journal entry. The difference is of $1500 (41,500 - 40,000) is the revaluation amount of the securities.

7 0

3 years ago

Giving brainliest for CORRECT awnser.

gregori [183]

Answer:???

Explanation:what

5 0

3 years ago

A big project budgeted at $20 million is running over budget by $1 million and behind schedule by four months at the 50% stage o

My name is Ann [436]

The person with the primary responsibility to solve the budget overrun and behind-schedule performance is <u>b: The Project Manager.</u>

<h3>Who is a Project Manager?</h3>

A project manager is a professional who organizes, plans, and executes projects under tight budgets and schedules.

The roles of the project manager include:

Planning and defining goals
Organizing and leading teams
Directing projects
Communicating with stakeholders
Ensuring timely delivery of projects, on budget, and within scope.

<h3>Answer Options:</h3>

a: The Project Champion

b: The Project Manager

c: The Project Management Office Manager

d: Senior Management

Thus, the person with the primary responsibility to solve the budget overrun and behind-schedule performance is <u>b: The Project Manager.</u>

Learn more about project management at brainly.com/question/6500846

8 0

2 years ago

Warson Motors wants to raise $2 million by selling 20-year coupon bonds at par. Comparable bonds in the market have a coupon rat

Kitty [74]

Answer:

He should set coupon rate of 1.98%

Explanation:

Given Data:

Face Value of Bonds = $2,000,000

Coupon rate = 6.3 percent

Issue Value of Bonds = 6.5% * Face Value of Bonds

= 6.5% * $2,000,000

= 0.065 * $2,000,000

= $130,000

Given Annual YTM = 6.30%

Therefore,

Semiannual YTM = 3.15%

Time to Maturity = 20 years

Semiannual Period = 40

Let Semiannual Coupon be $C

$130,000 = $C * PVIFA(3.15%, 40) + $2,000,000

$130,000 = $C * (1 - (1/1.0315)^40) / 0.0315 + $2,000,000 / 1.0315^40

$130,000= $C * 22.56 + $578,443.2

$448,443.2 = $C * 22.56

$C = $19877.80

Semiannual Coupon = $19877.80

Semiannual Coupon Rate = Semiannual Coupon / Face Value of Bonds

Semiannual Coupon Rate = $19877.80 / $2,000,000

Semiannual Coupon Rate = 0.0099 or 0.99%

Annual Coupon Rate = 2 * Semiannual Coupon Rate

Annual Coupon Rate = 2 * 0.99%%

Annual Coupon Rate = 1.98%

4 0

4 years ago