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2 years ago

Which of these is an advantage of filing for Chapter 7 bankruptcy?

Business

1 answer:

kotegsom [21]2 years ago

3 0

Answer:

B) Debts can usually be erased in about 6 months.

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The U.S. government bought 112,000 acres of land in southeastern Colorado in 1968 for $17,500,000. The cost of using this land t

sweet-ann [11.9K]

Answer: c. Is equal to the market value of the land

Explanation:

When deciding the cost of using an asset such as land for something, the best cost to use is the opportunity cost of the land. What would the US Government be doing with the land if they were not turning it for use for the black-tailed prairie doga.

As there are no other alternatives, this cost will therefore be the market value of the land because this is the amount that the Government could get for the land if they sold it instead of using it for the black-tailed prairie doga.

6 0

3 years ago

On January 1, 2020, Swifty Corporation issued $4,360,000 of 10-year, 7% convertible debentures at 104. Interest is to be paid se

meriva

Answer:

Explanation:

Issue price of Bonds = 4360000*104%=4534400

Face value of Bonds = 4360000

Premium on bonds = 174400

31-Dec-21

Dr Interest Expense $161,320

Premium on Bond Payable ($1,744,00/20) $8,720

Cash ($4360000*7%/2) $152,600

01-Jan-22

Dr Bond Payable $436,000

Dr Premium on Bond Payable (174400-174400/20*4)*10% $13,952

Dr Common Stock (436000/1000*8*100) $348,800

Cr Paid in capital in excess of par $101,152

31-Mar-22

Dr Interest Expense $7,194

Dr Premium on Bond Payable (13952/8*3/12) $436

Cr Interest Payable (436000*7%/12*3) $7,630

Dr Bond Payable $436,000

Dr Premium on Bond Payable $13,952

Cr Common Stock $348,800

Cr Paid in capital in excess of par $101,152

30-06-2022

Dr Interest Expense $115,104

Dr Premium on Bond Payable (174400*80%)/20 $6,976

Cr Interest Payable $7,360

Cr Cash (4360000*80%*7%/2+7360) $129,440

8 0

4 years ago

The practical application of techniques and knowledge is called __________.

castortr0y [4]

The practical application of techniques and knowledge is called D. TECHNOLOGY.

Technology is defined as a branch of knowledge that deals with the creation and used of technical means to improve everyday life.

Knowledge gained from industrial arts, engineering, applied and pure science were put to practice by the creation of technological products.

7 0

3 years ago

Daget Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated

Kruka [31]

Answer:

$15.48

Explanation:

The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = (Manufacturing overhead) ÷ (Direct labor-hours)

where,

Manufacturing overhead equals to

= Actual manufacturing overhead + over applied manufacturing overhead

= $362,380 + $9,140

= $371,520

So, the rate is

= $371,520 ÷ 24,000 hours

= $15.48

3 0

3 years ago

Leslie studies how individuals go about purchasing products for their personal consumption and what factors influence these deci

kodGreya [7K]

Answer:

Leslie studies how individuals go about purchasing products for their personal consumption and what factors influence these decisions. Leslie studies Consumer Buying Behavior.

3 0

3 years ago

Read 2 more answers