The assertion is untrue. Debt holders have priority over common and preferred shareholders when it comes to a company's earnings and assets.
The creation of a plan under bankruptcy law enables a debtor who is unable to pay his creditors to settle his debts by allocating his assets to them. Additionally, this controlled split enables some degree of equality in the treatment of the interests of all creditors. In some bankruptcy cases, a debtor is permitted to continue operating their business and use the money they make to pay down their obligations. The discharge of certain debtors from their accrued financial responsibilities, following the distribution of their assets and even if their debts have not been fully paid, is another goal of bankruptcy law.
In order to implement the Bankruptcy Code, bankruptcy courts must adhere to Federal Rules of Bankruptcy Procedure.
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Answer:
The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be $102480
Explanation:
For computing the cash disbursements for manufacturing overhead, the calculation is shown below:
= Direct labor cost + Fixed manufacturing overhead
where,
direct labor cost = Direct labor hours × per labor rate
= 6,100 × $3.00
= $18,300
And, in budgeted fixed manufacturing overhead, the depreciation should be deducted as it is a non cash expense.
So,
= Budgeted fixed manufacturing overhead - depreciation
= $103,090 - $18,910
= $84,180
Now apply the above values to the formula.
So, cash disbursements is = $18,300 + $84,180 = $102480
Hence, The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be $102480
The January cash disbursements for manufacturing overhead in Morrish Inc.'s budget are calculated by adding the total variable costs ($18,300) to the fixed costs excluding depreciation ($84,180), amounting to $102,480.
To calculate the January cash disbursements for manufacturing overhead on the Morrish Inc.'s manufacturing overhead budget, we need to separate the overall costs into its components, namely fixed and variable costs.
In this case, the variable overhead rate is $3.00 per direct labor-hour, and the company expects to require 6,100 direct labor-hours in January. This gives a total variable cost of 6100 * $3 = $18,300.
The fixed manufacturing overhead is stated as $103,090, however, this includes a depreciation cost of $18,910. As depreciation is a non-cash expenditure, it should be excluded from the cash disbursements calculation. Therefore, the fixed costs for this calculation will be $103,090 - $18,910 = $84,180.
Add together the variable and fixed costs to get the total January cash disbursements for manufacturing overhead: $18,300 (variable) + $84,180 (fixed) = $102,480.
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Answer:
c. decrease the money supply, increase taxes
Explanation:
Unemployment rate lower than the natural rate of unemployment (long run unemployment), creates inflationary gap in the economy. It requires policies to be contractionary in nature. Hence, money supply should decrease and tax should increase to correct the economy.
the cover-up of complex procedures. Abstraction allows us to apply a function to each value in a list and produce a new list of the results by getting rid of unnecessary or repetitive code.
Abstraction is a method used in computer science to control the complexity of computer systems. It functions by setting a threshold for complexity beyond which a user cannot interact with the system, concealing the more intricate elements below the threshold.
When we write code parts (referred to as "procedures" or, in Java, "static methods") that are generalized by having variable parameters, we are using procedural abstraction. The concept is that we have code that, depending on how its parameters are configured when it is called, can handle a range of different circumstances.
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Answer:
The formula to calculate the Budget Balance is
Government Income - Government Expenditure
in this case
$1.05 billion - $1.06 billion = - 0.01 billion or - $100 million
Explanation:
A budget balance is reached when a government expenditures are equal to it's income.
In this case, since the country's only source of income it is slightly less than than what is required to run the government, it has a budget deficient.
Since the country does not export or trade with outside countries, the government will need to take out a loan to make up for this deficient.
Answer:
The first mover that creates a revolutionary product is in a monopoly position.
Explanation:
First Mover is the big initiator of a new product, which gains a competitive 'first mover advantage' for being the pioneer of the idea in the market.
The only apt statement is : The first mover that creates a revolutionary product is in a monopoly position. The first mover enters the market when there is no major supplier & the customer's demand is unmet. If it enables to leverage the potential huge unsatisfied market in a revolutionary way, it can be able to create unparalleled brand loyalty. And this can make it secure monopoly position in market