When you know you cannot pay your debts, which of the following should you do?

a. Contact your creditors directly.

b. Find a second job.

c. Pay all past-due bills.

d. Sell off assets.

Southern Company owns a building that it leases to others. The building's fair value is $2,150,000 and its book value is $1,400,000 (original cost of $2,750,000 less accumulated depreciation of $1,350,000).

Business organizations rarely use organizational charts today. True False

Why does the quantity of salt demanded tend to be unresponsive to changes in its price?

What's the LCM of 6 and 18

The existence of money leads to question 2 options: greater specialization in production, but not a higher standard of living a higher standard of living, but not to greater specialization. greater specialization and to a higher standard of living.

You have been given the following information for Corky's Bedding Corp.: Net sales = $12,250,000. Cost of goods sold = $8,900,000. Other operating expenses = $250,000. Addition to retained earnings = $1,060,000.

Mayan Company had net income of $34,000. The weighted-average common shares outstanding were 8,500. The company has no preferred stock. The company's earnings per share is:

A court would be likely to enforce an illegal contract:a. under certain circumstances in which the aggrieved party was unaware of the illegality. b. where, although the contract is unconscionable, there is only procedural unconscionability. c.

A business pays weekly salaries of $30,000 on Friday for a five-day week ending on that day. The adjusting entry necessary at the end of the fiscal period ending on a Thursday is A business pays weekly salaries of $30,000 on Frid debit Salaries and

Great Lakes Packing has two bond issues outstanding. The first issue has a coupon rate of 3.56 percent, a par value of $1,000 per bond, matures in 5 years, has a total face value of $3.9 million, and is quoted at 106 percent of face value.