All categories

2 years ago

PLEASE HELP ASAP!!!! (><) IT’S TIMED!!!

Business

1 answer:

Marysya12 [62]2 years ago

8 0

Gidgits Galore's payment plan under Chapter 11 was rejected by its committee of creditors, and the court

agreed and dismissed its petition. Gidgits Galore now seeks to file a petition in Chapter 7 to liquidate. The bank loaned Gidgits Galore $10,000 and secured the loan with a lien on 1,000 gidgits but did not file a financing statement. The bank is an unsecured creditor.

True

False

Choose the term that best matches the description given.

To sell the assets of a business, pay the bills and divide the remainder among stakeholders

1. Default

2. Liquidation

3. Collateral

4. Reorganization

Choose the term that best matches the description given.

Equipment, property or funds owned by a business

1. Assets

2. Collateral

3. Lien

4. Trustee

You might be interested in

Starset, Inc., has a target debt-equity ratio of 1.20. Its WACC is 8.7 percent, and the tax rate is 25 percent.

svlad2 [7]

B kdishsjdjdjdhdhhdbdbdhdudhdudh

4 0

3 years ago

Gilberto's Performance Pizza is a small restaurant in Philadelphia that sells gluten-free pizzas. Gilberto's very tiny kitchen h

irga5000 [103]

Answer:

In the short run, these workers are <u>variable</u> inputs, and the ovens <u> fixed </u>inputs.

Explanation:

In this matter, we can say that workers are variable inputs, due to the fact that there is a possibility that Gilberto varies the number of workers hired in relation to their production needs. Ovens, on the other hand, can be considered as fixed inputs, which are those inputs, whose quantities cannot be changed in the short term.

4 0

3 years ago

Vang Corp.'s stock price at the end of last year was $38 and its earnings per share for the year were $2.30. What was its P/E ra

Maurinko [17]

Answer:

a. 16.52

Explanation:

The P/E ration is the ratio of an entity's share price to the earnings per share. It is a measure used to measure the accuracy of the valuation of one company's share with another.

Given;

Share price = $38

Earnings per share = $2.30

P/E ratio = share price/earnings per share

= $38/$2.30

= 16.52

Option a.

8 0

3 years ago

Aaron has designed innovative accessories for hard-core bicycling enthusiasts.He knows where and how he will make them,and he ne

Elza [17]

Answer: Encouraging new bicycling enthusisasts

Explanation:

From the question, we are informed that Aaron has designed innovative accessories for hard-core bicycling enthusiasts and the he knows where and how he will make them,and he needs to turn his attention to the getting the products to the customers.

As he chooses retail partners, the least important in this process is encouraging new bicycling enthusiasts

5 0

3 years ago

Flounder Corporation owns machinery that cost $26,400 when purchased on July 1, 2017. Depreciation has been recorded at a rate o

Alecsey [184]

Answer:

A. Dr Depreciation Expense $2,123

Cr Accumulated Depreciation $2,123

B. Dr Cash $13,860

Dr Accumulated Depreciation$13,211

Cr Machiner$26,400

Cr Gain on Disposal of Machinery$671

Explanation:

Preparation of the journal entries to (a) update depreciation for 2021 and (b) record the sale.

A. Preparation of the journal entries to (a) update depreciation for 2021

Dr Depreciation Expense $2,123

Cr Accumulated Depreciation $2,123

(3185*8/12)

B. Preparation of the journal entries to record the sale

Dr Cash $13,860

Dr Accumulated Depreciation$13,211

($11,088+$2,123)

Cr Machiner$26,400

Cr Gain on Disposal of Machinery$671

[($13,860+$13,211)+$26,400]

7 0

3 years ago