Headland Mining Company purchased land on February 1, 2020, at a cost of $1,169,500. It estimated that a total of 52,800 tons of mineral was available for mining. After it has removed all the natural resources, the company will be required to restore the property to its previous state because of strict environmental protection laws. It estimates the fair value of this restoration obligation at $96,300. It believes it will be able to sell the property afterwards for $107,000. It incurred developmental costs of $214,000 before it was able to do any mining. In 2020, resources removed totaled 26,400 tons. The company sold 19,360 tons. Compute the following information for 2020.
A) Per unit mineral cost.
B) Total material cost of December 31, 2020, inventory.
C) Total material cost in cost of goods sold at December 31, 2020.
Answers
Answer:
1. $26 per unit
2. $183,040
3. $503,360
Explanation:
1. Computation of per unit mineral cost
Per unit mineral cost=(1,169,500+96,300+214,000-107,000)/52,800
Per unit mineral cost=1,372,800/52,800
Per unit mineral cost=$26 per unit
Therefore the Per unit mineral cost will be $26 per unit
2. Computation of Total materials cost
Total materials cost= (26,400 tons-19,360 tons)*26
Total materials cost=7,040*26
Total materials cost=$183,040
Therefore the Total materials cost will be $183,040
3. Calculation for the Total materials cost in Cost of goods sold
Total materials cost in Cost of goods sold= (19,360*26)
Total materials cost in Cost of goods sold =$503,360
Therefore the Total materials cost in Cost of goods sold will be $503,360
Related Questions
Let's says prices on average increase 6 percent each year. The State of Oregon allows rents to increase 7 percent each year (in nominal terms). Is the law allowing the rent to increase each year in real terms?
Question 10 options:
a)
Yes
b)
No
c)
Neither in nominal nor real terms
Answers
Answer:
a) Yes
Explanation:
An increase in real terms is when the real percentage increase in rent is a number greater than zero. The real rate is determined by subtracting the inflation rate from the nominal rate of interest.
Inflation refers to an increase in prices in the economy. If prices are increasing by 6 percent, the inflation rate is also 6 percent. The nominal rate of interest is the quoted rate. In this case, it is 7 percent.
The real rate of interest will be 7% - 6% = 1%.
Rent is increasing by a real rate of 1 percent per year.
Question 8 of 10
Which of the following responses is the most ethical way to deal with a
problem?
A. Hire a public relations firm to deal with the media fallout.
B. Consider what effects your actions would have over the long term
if they were discovered.
C. Discover who was responsible and terminate their relationship
with the company.
D. Assume that the customer is always right.
Answers
Answer:
B
Explanation:
If you're going to solve it ur going to need to know how it's going to effectively help don't just do it first think.
Out of the choices provided above, it can be concluded to state that considering the effects of one's actions over a long term discovery is one of the ideal responses, and an ethical way to deal with a problem. Therefore, the option B holds true.
What is the significance of an ethical problem?An ethical problem can be referred to or considered as one of the most critical concern for the smooth functioning of a working organization. It is needed to be dealt in an effective way using relevant solutions that can derive positive outputs for the organization.
The consequences of a problem may be ambiguous in nature, and thus, it becomes important to review them well by taking the effects of actions into consideration, and what influence they could have on the organization in the longer run.
Therefore, the option B holds true and states regarding the significance of an ethical problem.
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your portfolio has grown from $2500 to $3800 what is the percent of the growth rate
Answers
Answer:
52%
Explanation:
(3800-2500)÷2500×100 = 52% as your growth rate
Computer-assisted telephone interviewing has replaced online survey research as the most popular method of
collecting data.
a. True
b. False
Answers
The statement "Computer-assisted telephone interviewing has replaced online survey research as the most popular method of collecting data." is false. Option B
What is Computer-assisted telephone interviewing?Generally, The Computer-Assisted Personal Interviews (CAPI) technique is a face-to-face data-collecting approach in which the interviewer utilizes a tablet, mobile phone, or computer to record responses made during the interview. This technique is also known as a computer-assisted telephone interview (CATI).
Computer-assisted telephone interviewing (CATI) is a method of conducting telephone surveys in which the interviewer is guided through the questions by a script that is generated by a software program.
In conclusion, The claim that computer-assisted telephone interviewing has surpassed online survey research as the most common approach of data collection is untrue.
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What do you need if you want to open a bank account?
Answers
Documents needed to open a bank account: Although some document requirements may differ from each bank.
What are the documents Needed to open a bank account?
There are some fundamental needs for creating a bank account.Documents that serve as proof of identity and age approved by banks include PAN cards, voter identification cards, passports, drivers licenses, and Aadhaar cards.Banks and other financial organizations require recent passport-sized pictures.Residential proof: A driver's license, a utility bill in the applicant's name, a voter identification card, a passport, etc. are all regarded to be residential proof.How to open bank account?
Open a bank account by going to the local branch:
The simplest method for opening a bank account is to visit the branch and follow the necessary steps.
The following is a list of possible actions:
Step 1: Selecting the sort of savings account you want to open is the first step.
Step 2: After making a choice, go to a handy bank depending on your interests, accessibility, benefits, and other factors.
Step 3: Next, you must complete a "Bank Account Opening Form." The required information, including name, residence, occupation, and other facts, must be filled out precisely. If a joint bank account needs to be opened, both parties must sign the paperwork.
Step 4: Typically, a bank requests testimonials from people who already have an account. The column designated for this function will need to have the introducer's signature on it.
Step 5: At this point, you can send the bank the form and the required paperwork.
Step 6: The issuing bank will review the completed paperwork before approving the opening of an account.
The bank will provide you debit card with a bank account number, and other information after approving your request.
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5. Fill the range C6:G10 with the formatting from the range B6:B10 to use a consistent number format for the sales data.
Answers
One of the most beneficial number formats is the proportion (%) format. It shows values as percentages, such as 20% or 55%. This is specially useful when calculating matters like the value of income tax or a tip.
What is a sales tax number?A income tax ID is a range supplied to you through your country tax authority after you register with them to gather taxes. This number is issued by using states to permit you to cost taxes there. You want a sales tax ID variety solely if you determine that you want to cost taxes in a unique state.
GSTIN is the Goods and Services Tax Identification Number. It is a tax registration range that comes under the Goods and Services Tax (GST). This is a 15-digit number that is assigned state-wise to every taxpayer.
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https://brainly.com/question/28485799#SPJ1What would likely be involved in an equity release?
Group of answer choices
non-profit investments
high-performing employees
delivery trucks
shares of stock of a company
Answers
Answer: delivery trucks
Explanation: I took the test
The future value of $2000 earning 3% interest for 1 year is
Answers
Answer: Ending Balance:: $2,060.00
Explanation:
$2,060.00 is the future value of $2000 earning 3% interest for 1 year.
What is future value and present value?The quantity of cash that has to be paid in order to accomplish a particular future goal is known as the present value. The calculation is shown below-
Future Value = Present\ Value ( 1+ r )^n
Future Value = 2000 ( 1+ 0.03 )^1
Future Value = $2060
Thus, it is $2,060.00
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1. Cash price is $500. After making a down payment of $100, the payments are $50
a month for nine months.(A) total installment price, (B) amount of finance charge, (C) annual percentage rate. Solve for A,B, and C.
a.
b.
C.
Answers
Answer:
12.12%
Explanation:
Given:
Cash price = $500
Down payment = $100
Payments = $50 per month for 9 months
To find:
(A) Total installment price
(B) Amount of finance charge
(C) Annual percentage rate
Solution:
(A) Total installment price:
Total amount to be paid = Down payment + Payments for 9 months
Total amount to be paid = $100 + ($50 x 9)
Total amount to be paid = $550
Therefore, the total installment price is $550.
(B) Amount of finance charge:
The finance charge is the difference between the total amount to be paid and the cash price.
Finance charge = Total amount to be paid - Cash price
Finance charge = $550 - $500
Finance charge = $50
Therefore, the amount of finance charge is $50.
(C) Annual percentage rate:
To find the annual percentage rate, we need to use the following formula:
Finance charge = Total amount to be paid x Annual percentage rate x Time
Where time is the duration of the loan in years.
Since the loan is for 9 months, we need to convert it to years by dividing it by 12.
Time = 9/12
Time = 0.75 years
Substituting the given values, we get:
$50 = $550 x Annual percentage rate x 0.75
Annual percentage rate = $50 / ($550 x 0.75)
Annual percentage rate = 0.1212 or 12.12%
Therefore, the annual percentage rate is 12.12%.
Discusses the effective and ethical use of graphics. Write at least two paragraphs explaining this section. Include specific examples.
Answers
Many accept morals for graphicsought to be founded on help, and that aiding others is something to be thankful for to do. With information and admittance to devices that can coordinate individuals' considerations and activities.
Design ethics assist with deciding elements that should be in items and administrations or highlights that should not be. Plan morals help with surveying the moral importance or moral worth of the items that outcome from the action of planning. For example, Signal is a solid telephone and courier application explicitly intended to safeguard its client's security.
The best ethical design practice is foster plans that mainly gather individual data that is to the greatest advantage of the clients.
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explicate the irrelevance of learning styles
Answers
Learning styles are the best way to learn for a student has been debunked. However, learning styles are accepted in education as a way to promote the idea that student learns differently. Below is a further explanation.
The VARK ModelEducation continues to promote learning styles as a way for teachers to support students and differentiate lessons. The multiple models related to learning styles, the VARK model is among the most widely used since it sufficiently addresses learner diversity and needs.
The VARK model stands for:
VisualAuditoryReading/WritingKinestheticTherefore, anything devoid of the above will be irrelevant.
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What should a consumer consider when deciding whether to purchase health insurance?
A.Whether they can use the money to travel instead.
B.Whether the policy will outlast the risks of making a claim
C.Whether the deductible is higher compared to other policies
D.Whether they can afford the cost of a serious accident or illness
Answers
Answer:
What should a consumer consider when deciding whether to purchase health insurance
D whether they can afford the cost lf a serious accident or illness.
A consumer should consider whether they can afford the cost of a serious accident or illness when deciding to purchase health insurance. Therefore, Option D is correct.
What is health insurance?It is insurance that covers medical expenses that arise due to an illness. It includes all the expenses that could be related to hospitalisation costs, cost of medicines, or doctor's consultation fees.
This insurance covers all those who pay for health and medical expenses. Some of the insurance also covers all of the costs of routine care, emergency care, and treatment for chronic illnesses. It is a kind of financial protection in the event of having a serious accident or illness.
Therefore, Option D is correct.
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1. Which one of the following is not considered part
of the exterior finish of a house?
A. An entry door.
B. Ceiling of a porch or breezeway,
C. Cornice.
D. Exterior wall coverings
Answers
The part of a house that is not considered as the exterior finish of a house is the Ceiling of a porch or breezeway.
What is the exterior finish of a house?The exterior finish of a house refers to an outer layer or structure that can be seen physically from the outside and add to the image of the entire house.
A cornice is a horizontal architectural design of a building that is positioned away from the main walls used in directing rainwater from the building walls.
Thus, the exterior finish of the house is:
An entry doorCorniceExterior wall coveringsFrom the given options;
The ceiling of a porch or breezeway is usually inside the house.Therefore, the part of a house that is not considered as the exterior finish of a house is the Ceiling of a porch or breezeway.
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9-13. LinkedIn targets a specific demographic: working professionals. They tend to be older and better educated. Why might advertisers be more interested in this group over others?
Answers
Answer:
Explanation:
Theme 3: Education ... most engaged, and you can reach a professional ... people that are most relevant for your content goals and your business.
The following selected events were experienced by either Smith Eldercare Services, Inc., a corporation, or Tony Smith, its major stockholder. Requirement:State whether each eventâ (1) increased,â (2) decreased, orâ (3) had no effect on the total assets of the business. Identify any specific asset affected. If noâ effect, indicate the reason. Account affected or Transaction Asset effect why assets are not affected A. Paid $400 cash on accounts payable B. Made a cash purchase of land for a building site for the business, $89,000. C. Sold land and received cash of $69,000 (the land was carried on the company's books at $69,000) D. Received $15,400 cash from customers on account. E. Purchased medical equipment and signed a $90,000 promissory note in payment
Answers
Answer:
A. Paid $400 cash on accounts payable
Assets Effect :- Decrease in Total assets of the business
Assets Effect and Reason for no effect :- Cash decrease by $400.
B. Made a cash purchase of land for a building site for the business, $89,000
Assets Effect :- No effect in Total assets of the business
Assets Effect and Reason for no effect :- As land purchase for cash, cash decrease and land increase with the same amount.
C. Sold land and received cash of $69,000 (the land was carried on the company's books at $69,000)
Assets Effect :- No effect in Total assets of the business
Assets Effect and Reason for no effect :- The land was sold, so land decrease and cash increase with the same amount
D. Received $15,400 cash from customers on account
Assets Effect :- No effect in Total assets of the business
Assets Effect and Reason for no effect :- Cash increases and Accounts receivable decreases for the same amount
E. Purchased medical equipment and signed a $90,000 promissory note in payment
Assets Effect :- Increase in Total assets of the business
Assets Effect and Reason for no effect :- Equipment Increase
businesses use organisational structure which is based around project but employee stay in their department
Answers
An organizational structure based around projects while employees remain in their departments combines the advantages of functional specialization and project-oriented collaboration
Businesses that adopt an organizational structure based around projects while keeping employees in their respective departments often follow a matrix or hybrid organizational structure. This approach allows organizations to leverage the benefits of both functional departments and project teams.
In this structure, employees are grouped into functional departments based on their areas of expertise or skills. These departments, such as finance, marketing, human resources, and operations, provide specialized support and resources to various projects within the organization. Each department is typically led by a department head or manager responsible for overseeing the department's operations and ensuring the delivery of functional objectives.
On the other hand, project teams are formed to address specific business objectives or initiatives. These teams are comprised of individuals from different departments who possess the necessary skills and expertise to achieve project goals. The project teams are usually led by a project manager who is responsible for coordinating activities, managing resources, and ensuring the successful completion of the project within the specified timeline and budget.
By adopting this organizational structure, businesses can maximize efficiency and resource utilization. Employees benefit from the stability and specialization offered by their department, allowing them to develop deep expertise in their functional areas. At the same time, they also have the opportunity to contribute their expertise to cross-functional project teams, enabling them to broaden their skills, collaborate with colleagues from different backgrounds, and gain exposure to diverse projects and challenges.
This structure facilitates better communication and coordination between departments, as project teams act as intermediaries, ensuring that information and resources flow seamlessly between the departments and the projects. Additionally, it encourages a culture of innovation and flexibility, as employees have the opportunity to contribute their unique perspectives and expertise to different projects, fostering a cross-pollination of ideas.
Overall, an organizational structure based around projects while employees remain in their departments combines the advantages of functional specialization and project-oriented collaboration, enabling businesses to efficiently execute projects while maintaining the stability and expertise of functional departments.
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Which factors are considered when deciding how to make goods and services?
Answers
Answer:
determining who has the greatest need
finances of prospective buyers(X)
methods traditionally used to make a good
ways to produce items at a lower cost or higher quality (X)
ways to make the biggest profit (X)
Explanation:
what is the purpose of IDP
Answers
The basic purpose of IDP is to assist the employees in their career and personal development.
What do you mean by purpose?The purpose means the reason for which something can be done or created.
The basic purpose of IDP is to help employees for reaching short and long-term career goals as well as to improve their current job performance.
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ABC Company finances its operations with 40% debt and 60% equity. The cost of debt is 16%, the certificates of deposit pay interest equal 14%, while the market risk premium is 20%. Find the cost of capital for that project?
Answers
To find the cost of capital for the project, we need to calculate the weighted average cost of capital (WACC) by considering the proportions of debt and equity and their respective costs. The cost of capital for the project is 29.2%.
The cost of capital refers to the overall cost that a company incurs in order to raise funds for its operations and investments. It represents the average rate of return that a company must provide to its investors or lenders to compensate them for the risk associated with investing in or lending to the company.
The cost of capital is typically expressed as a percentage and is used as a benchmark or hurdle rate for evaluating investment opportunities.
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Agatha's Inc. is about to introduce a new product in the market, but is not sure as to how it should price the product. The company is facing intense competition from five other companies. In such a situation, what should be Agatha’s Inc. pricing objective
Answers
Answer and Explanation:
There are two main pricing objective and strategy i.e competitive pricing and penetrative pricing which are explained below:
1. Competitive pricing :
In this Agatha's Inc, all five rivals should evaluate pricing models for a related kind of product. If your product has a little more value added than your collegaues, then you can establish a target price target that is higher than the competitors.
Now to do that, it's necessary to send the customer a message that they're purchasing value for a price.
2. Penetrative pricing :
When the target price is set on the basis of the competitive pricing model , it is important to obtain the product favourably from the consumer and to do so you can start selling a little lower than the target price and sell the goods as a discount or promotional deal.
If the initial sales are strong and buyers like the product then return the product to target pricing and do intensive marketing to sell the message that the product 's cost is a bargain for the value provided by the company.
The mixture of the above two pricing strategies would ensure a better positioning of Agatha's Inc product with better profitability.
Research suggests that personality traits better predict behavior in weak situations than in strong ones.
a.
False
b.
True
Answers
The statement about research predicting that personality traits better predict behavior in weak situations than in strong ones, is True.
What are personality traits ?Personality traits are traits and attributes that make you stand out from other people. They are frequently formed during life and may hold true in a variety of scenarios.
Research over the years has shown that if we were to use personality traits to predict how people behave, we would be more accurate in weak situations than in strong ones.
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Should you become a member of the Board of Directors of a U.S. public company tomorrow:
What do you think are the keys to serving effectively?
What are the greatest obstacles to serving effectively and how would you approach those challenges?
Answers
If you became a member of the Board of Directors of a U.S. Public Company, the key to serving effectively is to work in the best interests of the shareholders.
One of the greatest obstacles to serving effectively is the information asymmetry between you and management. You can approach this by joining a committee and requiring regular updates.
How can you serve effectively on a Board?When serving on a Board of Directors, your main interest should be to represent the interests of shareholders as best you can.
You will face the obstacle of not knowing as much as the management does but you can get around this by requiring that the management gives you regular updates on their activities.
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Natural Corporation often fails to file the annual reports required by law. They also have failed to conduct annual shareholders meeting and their bylaws have been out of date and not followed for about four years. What could be the result of this malfeasance
Answers
Answer: The shareholders could lose their investments.
Explanation:
The above scenario given in the question will lead to shareholders losing their investments. This is because the shareholders are not carried along with regards to happening in the company.
Also, the company is not filing the annual reports required by law and they also have failed to conduct annual shareholders meeting and their bylaws have been out of date and not followed for about four years. Also, their stock prices can be discounted due to improper practices.
Assume that one year ago, you bought 340 shares of a mutual fund for $36 a share, you received a capital gain distribution of $0.55 per share during the past 12 months, and the market value of the fund is now $40 a share.
a. Calculate the total return for your $12,240 investment.
Answers
The total return on this mutual fund investment is $12,427.
Total return on investment refers to the total profit or loss on an investment, including any capital appreciation and dividends or distributions received.
Here's how to calculate the total return on a mutual fund investment:
Step 1: Calculate the total initial investment by multiplying the number of shares by the purchase price per share. For this investment, the total initial investment is: 340 shares x $36/share = $12,240.
Step 2: Add any capital gain distributions received during the investment period. In this case, the capital gain distribution per share is $0.55, so the total capital gain distribution received is: 340 shares x $0.55/share = $187.
Step 3: Calculate the current market value of the investment by multiplying the number of shares by the current market price per share.
In this case, the current market value is: 340 shares x $40/share = $13,600.
Step 4: Add any dividends or interest payments received during the investment period, if applicable.
If no dividends or interest payments were received, skip this step.
Step 5: Calculate the total return by adding the initial investment, capital gain distributions, and dividends or interest payments (if applicable), and then subtracting any fees or commissions paid during the investment period.
In this case, the total return is: $12,240 + $187 = $12,427.
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A business wants to maximize its tax savings in an economy with declining costs. It should choose the ___ method.
O A. weighted average
O B. LIFO
O c. gross profit
O D. FIFO hi
Answers
Answer:
I think it's D
Explanation:
sorry if wrong
Explain link between creativity, innovation and entrepreneurship, and outline the steps for screening opportunities
Answers
Creativity, innovation, and entrepreneurship are interconnected and essential for driving economic growth. When screening opportunities, aspiring entrepreneurs should engage in creative idea generation, evaluate market potential, conduct thorough research,
Creativity refers to the generation of novel and valuable ideas, while innovation involves turning those ideas into practical solutions.
Entrepreneurship, on the other hand, is the process of identifying and pursuing opportunities, mobilizing resources, and taking risks to create and manage a successful venture. The link between these three concepts lies in their mutually reinforcing nature. Creativity fuels innovation by providing the initial spark for new ideas and perspectives.
Innovation, in turn, serves as a platform for entrepreneurial endeavors, as it creates opportunities for commercialization and market disruption. Entrepreneurship then takes these innovative ideas and transforms them into tangible products, services, or businesses that generate value and drive economic growth.
When screening opportunities, aspiring entrepreneurs can follow a systematic approach:
Idea Generation: Encourage and engage in creative thinking to generate a pool of potential opportunities.
Opportunity Evaluation: Assess the feasibility, market potential, and competitive landscape of each idea.
Market Research: Conduct thorough research to understand target customers, their needs, and existing solutions.
Resource Assessment: Evaluate the resources required to pursue the opportunity, including financial, human, and technological aspects.
Risk Analysis: Identify and evaluate potential risks and uncertainties associated with each opportunity.
Business Model Development: Formulate a clear and viable business model that outlines how the opportunity will be monetized.
Prototype and Testing: Develop prototypes or minimum viable products to gather feedback and validate the opportunity.
Financial Analysis: Conduct a comprehensive financial analysis to determine the potential profitability and sustainability of the opportunity.
Decision-making: Prioritize and select the most promising opportunities based on the evaluation and analysis.
Implementation and Execution: Develop an action plan and execute it effectively, leveraging creativity, innovation, and entrepreneurial skills.
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Two major lottery games, Mega Millions and Powerball serve as de facto national lotteries. Which lottery game is available in your area? What is the probability of winning? What are the odds of winning? What is the expected value for the minimum payout for winning? What is the current expected value?
Many people play the lottery because they say,
"someone has to win"? What do you think of this
statement?
Many people don't play the lottery because they say, "you are more likely to be struck by lightening", "You are more likely to be bitten by a shark", "it is more likely that it will snow in Death Valley" or something similar. What do you think of these statements? Investigate the probability of one of these random events (or something similar) happening?
Answers
The expected value for the minimum payout for winning also varies depending on the game and the specific prize category. For example, in Mega Millions, the minimum prize for matching just the Mega Ball is $2, and the expected value for this prize is about $0.10. The current expected value of a lottery game is calculated as the sum of the probability of winning each prize multiplied by the value of that prize.
The statement "someone has to win" is technically true, as eventually, a winner will be chosen. However, it is not a valid reason to play the lottery, as the probability of winning is so low that it is not a reliable or rational way to try to make money.
The statements "you are more likely to be struck by lightning," "you are more likely to be bitten by a shark," and "it is more likely that it will snow in Death Valley" are all true. The probability of being struck by lightning is about 1 in 15,000, the probability of being bitten by a shark is about 1 in 11.5 million, and it has snowed in Death Valley at least twice in history. However, it is important to note that these probabilities are not directly comparable to the probability of winning the lottery, as they represent different types of events. Additionally, while these events are statistically unlikely, they are not impossible, so it is always a good idea to take safety precautions and be prepared for unexpected events.
Assume the following taxpayer information: The taxpayer is a South African manufacturing company (not a small business corporation as defined) with a 31 March 2023 year of assessment. Calculate the recoupment on the disposal of the machine BELOW. Information pertaining to manufacturing machine: Events Sold Purchased Tax value at date of sale Date 30 December 2022 1 August 2020 Amount R 605 000 R 490 000 R 98 000
Answers
The depreciation allowances allowed in prior years of R533 665 (recoupment amount)The recoupment amount is included in taxable income.
An asset disposed of in the year of assessment (2022) for proceeds exceeding its tax written down value (TWDV) triggers a recoupment of depreciation allowances. The recoupment is calculated by deducting the TWDV from the proceeds, but limited to the sum of depreciation allowances allowed in respect of the asset less any amount that has been recouped in a prior year.
Manufacturing machine sold R605 000 Purchased R490 000 Tax value at date of sale R98 000Calculate recoupment on the disposal of the machine;
The machine's TWDV is R71 335; this is calculated by taking the original cost of R490 000 less the depreciation allowances allowed in prior years of R34 665.R605 000 (proceeds) - R71 335 (TWDV) = R533 665 (recoupment amount)The recoupment amount is included in taxable income.
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How does a production possibility chart assist in outlining opportunity cost?
1.lt compares profit potential of one product to another.
2.It compares production cost of one product to another.
3.It compares production numbers of one product to another.
4.lt compares consumer demand of one product to another.
Answers
A large corporation has accrued a lot of debt over the last two years in an
effort to expand its business. While they have gained new customers, they
still aren't making enough money to pay off their debt. Which type of
bankruptcy would this company likely want to file?
A. Chapter 13
B. Chapter 7
C. Chapter 1
D. Chapter 11
Someone help plz
Answers
Answer:
D. Chapter 11
Explanation:
Apex