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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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ou are considering implementing a lockbox system for your firm. The system is expected to reduce the collection time by 3 days.

Taya2010 [7]

The net present value of this lockbox arrangement is $1,205,378.06.

Since you are considering implementing a lockbox system for your firm, and on an average day, your firm receives 1,370 checks with an average value of $ 880 each, and the daily interest rate on Treasury bills is 0.01 percent, and the bank charge per check would be $ 0.25, to determine what is the net present value of this lockbox arrangement, the following calculation must be performed:

((1370 x 880) x 1.0001) - (1370 x 0.25) = X
1,205,720.56 - 342.5 = X
1,205,378.06 = X

Therefore, the net present value of this lockbox arrangement is $1,205,378.06.

Learn more about maths in brainly.com/question/25903947

5 0

2 years ago

Ben Gordon, Inc. manufactures 2 products, wheels and seats. The company has estimated its overhead in the assembling department

FromTheMoon [43]

Answer:

$90,000

Explanation:

We could allocate assembly overhead on the basis of the parts used in the assembly process:

wheels ⇒ 300,000 x 2 parts = 600,000 parts

seats ⇒ 600,000 x 3 parts = 1,800,000 parts

total parts assembled 2,400,000 parts

overhead costs per part assembled = $360,000 / 2,400,000 parts = $0.15 per part

so the overhead allocated to wheels should be = 600,000 parts x $0.15 per part = $90,000

7 0

2 years ago

Sally Fuller is a buyer for GWA publishing company. Her job is to purchase supplies and services for the printing of technical m

nignag [31]

Answer:

B. Pass-through scheme.

Explanation:

Pass-through Billing: Pass-through billing schemes occur when a provider, such as a physician or hospital, pays a laboratory to perform their tests and then files the claims as though they had performed the tests themselves.

8 0

3 years ago

On October 10, the stockholders’ equity of Sherman Systems appears as follows. Common stock–$10 par value, 74,000 shares authori

uysha [10]

Answer:

1, Journal entries

Date Account and explanation Debi$ Credit$

Treasury stock (5200*27) 140,400

Cash 140,400

(To record purchase treasury stock)

Cash (1,050*33) 34,650

Paid in capital from sale of treasury stock 6,300

Treasury stock (1,050*27) 28,350

(To record sale of treasury stock)

Cash (4,150*22) 91,300

Paid in capital from sale of 6,300

treasury stock

Retained earnings 14,450

Treasury stock (4,150*27) 112,050

(To record sale of treasury stock)

2. Revised equity section

Contributed capital

Common Stock 740,000

Paid in capital in excess of 226,000

par value-Common Stock

Total paid in capital 966,000

Retained earnings 880,000

Total 1,846,000

Less: Treasury stock (140,400)

Total Stockholder's equity $1,705,600

5 0

2 years ago

A will that is completely handwritten dated and signed by the person making the will

Marta_Voda [28]

It's called a holographic will.

6 0

3 years ago