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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.

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Can i eat flex tape<br> please answer i will give brainliest
forsale [732]

Answer:

Yea u can

Explanation:

3 0
3 years ago
Read 2 more answers
To gain assurance that all inventory items in a client's inventory listing schedule are valid, an auditor most likely would trac
andrew-mc [135]

To gain assurance that all inventory items in a client's inventory listing schedule are valid, an auditor most likely would vouch (C) items listed in the inventory listing schedule to inventory tags and the auditor's recorded count sheets.

<h3>What are inventory items?</h3>
  • Inventory item - a discrete product that can be indicated as being in stock.
  • You can track inventory if your company sells stock items.
  • A product purchased for resale that is tracked in Stock and on the Balance Sheet is an inventory item.
  • An inventory list should, in general, include the product's name, SKU number, description, cost, and quantity.
  • Inventory lists assist brands in managing and monitoring stock levels, enabling tighter inventory control and a more streamlined approach to inventory management.
  • An auditor will most likely attest items listed in the inventory listing schedule to inventory tags and the auditor's recorded count sheets to get assurance that all inventory items in a client's inventory listing schedule are valid.

Therefore, to gain assurance that all inventory items in a client's inventory listing schedule are valid, an auditor most likely would vouch (C) items listed in the inventory listing schedule to inventory tags and the auditor's recorded count sheets.

Know more about inventory items here:

brainly.com/question/24868116

#SPJ4

Complete question:

To gain assurance that all inventory items in a client's inventory listing schedule are valid, an auditor most likely would vouch

A. Inventory tags were noted during the auditor's observation of items listed in the inventory listing schedule.

B. Inventory tags were noted during the auditor's observation of items listed in receiving reports and vendors' invoices.

C. Items listed in the inventory listing schedule to inventory tags and the auditor's recorded count sheets.

D. Items listed in receiving reports and vendors' invoices to the inventory listing schedule.

7 0
1 year ago
According to dr. w. edwards deming's quality movement, quality efforts need to be _____ and _____ improved.
natka813 [3]

According to dr. w. Edwards Deming's quality movement and quality efforts need to be constantly and consistently improved.

Deming is widely recognized as one of, if not the founders of total quality management. Deming is largely credited with the revolution in Japanese manufacturing management that led to the economic boom of the 1970s and 1980s.

In the 1930s, Deming was intrigued by the idea of ​​using statistics to improve quality control. His focus was on improving production and eliminating future failures by systematically collecting failure records and investigating and correcting root causes.

Deming's philosophy known as Dr. Deming's "Management Theory" and later "systems of profound knowledge" represent a holistic approach to leadership and management. philosophy brings together an understanding of variation, epistemology, psychology, and appreciation of the system.

Learn more about  Deming here brainly.com/question/26326939

#SPJ4

5 0
2 years ago
Waterway Industries sells radios for $50 per unit. The fixed costs are $625000 and the variable costs are 60% of the selling pri
Sonbull [250]

Answer:

29,200 units

Explanation:

The computation of new break even point is given below:-

= Fixed Cost ÷ Contribution per unit

Fixed cost

= $625,000 + $105,000

= $730,000

Variable cost per unit = 50% of selling price

= $25

So, the break even point = $730,000 ÷ 25

= 29,200 units

Therefore for calculating the break even point we simply divide the $730,000 from 25 per unit variable cost.

7 0
2 years ago
In January 2015, Post, Inc. estimated that its year-end bonus to executives would be $840,000 for 2015. The actual amount paid f
Juli2301 [7.4K]

Answer:

c. $210,000.

Explanation:

amount of expense to be reflected in Post's quarterly income statement

= 840,000 / 4

= $210,000

Therefore, The amount of expense that should be reflected in Post's quarterly income statement for the three months ended March 31 is $210,00.

3 0
3 years ago
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