A company that was to be liquidated had the following liabilities: Income Taxes$10,000 Notes Payable secured by land 100,000 Accounts Payable 44,000 Salaries Payable ($16,000 for Employee #1 and $4,000 for Employee #2) 20,000 Administrative expenses for liquidation 20,000 The company had the following assets: Book ValueFair ValueCurrent Assets$100,00095,000Land 50,00075,000Building 150,000200,000?Total unsecured non-priority liabilities are calculated to be what amount?
A. $ 44,000.
B. $220,000.
C. $ 72,150.
D. $ 74,000.
E. $ 47,150.
Answer: C
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A) a divest strategy B) a protect position strategy C) an invest to grow strategy D) a harvest investment strategy E) a monetize strategy
The U.S. government will pay Bringle $2,500,000 each six months, equal to 2.5% of the $100 million face amount of the treasury bonds (5% annual coupon rate, paid in two installments each year), and will repay the $100 million at the end of five years. At the time Bringle purchases the bonds, the market prices these bonds to yield Bringle 6% annually (3% each six months). The bonds are classified
as held to maturity. Bringle will record the following entry. a. Marketable Securities..............................95,734,898 Cash..........................................................................95,734,898 b. Marketable Securities............................100,000,000 Cash........................................................................100,000,000 c. Cash........................................................ 95,734,898 Marketable Securities...............................................95,734,898 d. Cash.................................................... 100,000,000 Marketable Securities...............................................95,734,898 e. Cash.......................................................105,907,059 Marketable Securities ............................................105,907,059
Any influence on the product and supplier choice is an organizational factor. The primary organizational factor is ________.
A. psychographic segmentation B. database marketing C. risk tolerance D. organizational learning E. customer-relationship management
Costs that depend on the number of units produced are called
A. markup. B. operational expenses. C. fixed costs. D. variable costs. E. overhead.