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ohaa [14]
3 years ago
9

Thirty-one days before filing a petition in bankruptcy, Gavin transfers property and makes payments that favor one creditor over

another. These are​ ​affirmation agreements. ​preferences. ​secured interests. ​unsecured debts.
Business
2 answers:
Nookie1986 [14]3 years ago
5 0

Answer:

preferences

Explanation:

Preference' : This occurs when a particular creditor is placed in a more beneficial position, to the detriment of the remaining creditors in that group. And by doing so makes that creditor "better off" than the majority of other creditors in the group.

fiasKO [112]3 years ago
3 0

Answer:

preferences

Explanation:

Preferences in bankruptcy proceedings include any property transfer or payments carried out in favor of an specific creditor over the rest, this shows that the debtor gave preference to that specific debtor.

Preference payments or transfers can be declared null by the courts or bankruptcy trustee and they may order to recover the transferred property or payments carried out to that specific creditor.

E.g. you are about to declare bankruptcy and you owe money to your brother, you cannot transfer him the title of your house because it would be considered a preference by the bankruptcy trustee.

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Sid has decided to leave his $70,000-a-year landscape design job and open a new kayak business. his insurance cost is expected t
Karo-lina-s [1.5K]

Economic profit refers to the profit earned by deducting the implicit cost and the explicit cost from the total revenue.

Economic Profit = Total revenue - (Explicit cost + Impllicit Cost)

where Total Revenue = $100,000

Explicit Cost = $2000 + ($25000*10%) = $4500

Implicit Cost = $70000 + $10000 = $80000

Economic Profit = $100,000 - ($4,500 + $80,000)

Economic Profit = $100,000 - $84,500

Economic Profit = $15,500

Hence, Sid's Economic Profit is equal to $15,500

4 0
2 years ago
Pat's Custom Tuxedo Shop maintains its records on the cash basis. During this past year Pat's collected $43,300 in tailoring fee
Luba_88 [7]

Answer:

net income = $31,500

Explanation:

given data

collect tailoring fees = $43,300

paid expenses = $12,300

Depreciation expense=  $2,500

Accounts receivable =  $1,050

supplies increased = $4,300

liabilities increased = $2,350

to find out

accrual basis net income

solution

we get here net income by given expression that is

net income = tailoring fees - expenses paid + account receivable + supplies increased - liabilities increased - Depreciation expense .......1

put here value

net income =  $43,300 - $12,300 + $1,050 + $4,300 - $2,350 - $2,500

net income = $31,500

8 0
3 years ago
Sometimes, unethical behaviour appears from employees who advance their vested interests over the company properties, please exp
Fofino [41]

Unethical behavior means an action exhibited by someone, which are oppose to what is expected of such individual occupying such position to act in normal circumstance.

Amongst the employees whose company properties are vested in or used by. Such property are meant to be used effectively, with good faith and only for the cause of the profitability of the organisation.

Example of Unethical behavior from employees concerning the misuse of companies properties are as follows:

a. Using a company car for leisure

b. Using a company computer to surf social media

c. Mismanagement of the company resources

Learn more about this here <em>brainly.com/question/9740334</em>

6 0
3 years ago
Read 2 more answers
Customers who shop at Books-A-Million find that it has a large selection of books, in addition to a helpful and friendly staff.
nika2105 [10]

Answer:

Position Strategy

Explanation:

The position strategy is the strategy in which the business focuses on the important things that will drive value for the organization. This way of developing customers choices and attracting them by added value in services is known as position strategy. The company here has focused on friendly staff and cappuccino offering along with a good selection of books. This means that the company has developed its image which is that scholars come here and that's the uniqueness of the position strategy.

Three things that the company has focused here:

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  3. Cappuccino and other products that increases sales
7 0
3 years ago
Anita is interested in new technology that can make the processes at her business run more smoothly. What resources could she us
otez555 [7]
D all of the above this is correct because she would learn and derive information from all these sources.
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3 years ago
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