Answer:
YES
Explanation:
It is true that the preferential transfer rules that are applied in bankruptcy is affected by whether an insolvent individual debtor filed a voluntary bankruptcy petition as opposed to an involuntary petition.
A preferential transfer can only occur when an insolvent individual, before voluntarily filing for Chapter 7 bankruptcy, settles a creditor or a category of creditors which then implies that the remaining creditors will be entitled to less in the bankruptcy.
When a nation is producing at a point below their production possibilities curve, they are experiencing unemployment (second option).
<h3>What is the production possibilities curve?</h3>
The Production possibilities curve shows the various combination of two goods a nation can produce when all its resources are fully utilised.
Points inside the production possibilities curve means that the nations resources are not being fully utilised. It could also indicate unemployment.
For more information about the production possibility curve, please check: brainly.com/question/25774783
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It is a negative current asset therefore has a CR balance
Answer:
Explanation:
At the time of the great depression, Franklin Delano Roosevelt became the President in 1933, and He expanded government involvement in economic recovery. His first 100 days brought about the approval of Congressional acts that is aimed at regulating the economy as well as providing jobs to the unemployed Americans.
Franklin Roosevelt also declared a bank holiday, this made Americans to start withdrawing their savings out of fear. This action by Roosevelt allowed the congress to pass the Emergency banking Act that gave the president bigger power over the national banks. Banks after proving they were solvent were allowed to reopen for business. This made the public to have greater confidence in the banking system.
Answer: $2000
Explanation:
From the question, we are informed that Development Associates (DA) agrees to buy five acres of land from Eastside Properties for $15,000 and that Eastside fails to go through with the deal on the agreed date, when the market price of the land is $17,000.
The amount that will be recovered by Development Associate will be the difference between the market price of the land on the agreed date and the initial amount that DA wanted to pay
This will be:
= $17,000 - $15,000
= $2000