1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nekit [7.7K]
3 years ago
5

Andy’s business is not able to pay its debts, and the prospects for its finances to improve are slim. Andy decides not to contin

ue the business. In this case, Andy should file a voluntary petition for which type of bankruptcy?
a. Chapter 7.
b. Chapter 11.
c. Chapter 13.
d. Chapter 12.
Business
1 answer:
aalyn [17]3 years ago
3 0

Answer: a. Chapter 7

Explanation:

Chapter 7 bankruptcy is a type of bankruptcy that allows trustee to sell a few of one's property in other to repay creditors. It also allows the cancelation of some debt. The chapter 7 bankruptcy is also known as straight or liquidation bankruptcy and it is the most commonly used especially by individuals.

You might be interested in
Sprint Planning is the only occasion where the Development Team estimates the Product Backlog Items A. True, because without est
Amanda [17]

Answer:

true

Explanation:

8 0
2 years ago
The Sisyphean Company is planning on investing in a new project. This will involve the purchase of some new machinery costing $4
saul85 [17]

Answer:

21%

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

Cash flow in year 0 = $-400,000.

Cash flow in year 1 - 4 = $157,452.975

IRR = 21%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

4 0
2 years ago
Suddeth Corporation has entered into a 6 year lease for a building it will use as a warehouse. The annual payment under the leas
Ulleksa [173]

Answer:

$13,153.15

Explanation:

Present value is the sum of discounted cash flows.

Present value can be calculated using a financial calculator

Cash flow each year from year 0 to 5 = $2,468

I = 5%

PV = $13,153.15

To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

6 0
3 years ago
After a series of train incidents, ns&q offered employee bonuses based on safety for the first quarter of this year. this is
nydimaria [60]
<span>This is an example of positive reinforcement. Positive reinforcement rewards a person or thing for performing a desired action or behavior. By rewarding the person or thing every time it does the desired action you increases the chances of the action or behavior being done again. It a type of subconscious training.</span>
4 0
3 years ago
Sylvia records the purchases of inventory in the current accounting period even though she will actually pay for the inventory i
Sergio [31]

The answer is: C.accrual basis of accounting

Accrual basis of accounting would record a certain transaction as soon as it happen, even though an exchange of payment has not been made. Compared to any other basis, accrued basis tend to the most likely to represent the actual financial condition of a company. This is why this basis is used as the current industry standard.

6 0
3 years ago
Other questions:
  • A project background and timetables are typical bid proposal elements. True or false?
    9·2 answers
  • A. alice produces more lemonade and betty produces more pizzas.
    14·1 answer
  • You are on your way to meet with your manager about changing your work schedule, when you see a spill on the floor. what would y
    5·1 answer
  • On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the comp
    7·1 answer
  • In a market system, how are the terms of exchange established?
    11·1 answer
  • Why might Soviet economic planners have favored heavy industry over the makers of consumer goods?
    12·1 answer
  • Hubbard Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-
    10·1 answer
  • You have been newly employed in a very reputable organisation in one of the following industries: agriculture, banking, “oil and
    13·1 answer
  • Help hep help help help
    9·1 answer
  • Current account and ______ account are the two major components of a statement that summarizes all debit and credit transactions
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!