Archive for the ‘Other – Business & Finance’ Category
Nick asked:
I work for a company that is currently in bankruptcy chapter 13. It owes 42 million to creditors. The reason this company is in bankruptcy is bad personal real estate deals by the CEO. The actual business is still profitable.
I work for a company that is currently in bankruptcy chapter 13. It owes 42 million to creditors. The reason this company is in bankruptcy is bad personal real estate deals by the CEO. The actual business is still profitable.
My question is, I may know of an investor that can come up with $42 million to get him out of debt.
What can/should I ask for if this deal does go through?
Alicia
Arin E. K asked:
I owed my bank some money because our company shut down due to this economy and I didnt have a job for 3 months. My account at WAMU went overdrawn and i believe they closed it and was sent to Chex System. However, I payed it off about 2 weeks ago.
I owed my bank some money because our company shut down due to this economy and I didnt have a job for 3 months. My account at WAMU went overdrawn and i believe they closed it and was sent to Chex System. However, I payed it off about 2 weeks ago.
How long will it take for me to open a new account at a new bank?
Thank you everyone and Merry Xmas to you ALL!
Katherine
Jennifer Chante asked:
the question says, three fourths of the company’s revenue is on credit. estimate the bad debt expense and prepare the appropriate journal entry for the company using the net sales method. Also compute the net value of the accounts receivable under each method.
the question says, three fourths of the company’s revenue is on credit. estimate the bad debt expense and prepare the appropriate journal entry for the company using the net sales method. Also compute the net value of the accounts receivable under each method.
Included is the Adjusted trial balance
Some one please help, thanks
Isidro Evelo























