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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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Which statement below is​ FALSE? A. ​Mintzberg's notion of​ "crafting" strategies embodies the artistic​ model, which suggests t
OlgaM077 [116]

Answer:

D

Explanation:

3 0
3 years ago
The actions of associates in supporting diversity are more important than the actions of managers because associates establish t
Bogdan [553]

Answer:

False

Explanation:

The climate of the organization refers to the work environment that is perceived by the employees. A positive environment improves employee satisfaction and because of that managers try to maintain this. They can asses the climate in their work groups and make changes in management practices that can affect the working climate. Because of that, the statement that says that the actions of associates in supporting diversity are more important than the actions of managers because associates establish the working climate of the organization is false because the managers as the leaders can improve or not  the climate of the organization with their decisions.

7 0
3 years ago
Legal forces are important external forces that international managers need to understand. They are developed at the national le
Fantom [35]

Answer:

1. Per se application  - US Competition law

Justification: It is a provision of US competition law

2. Misuse of activity - EU Competition law

Justification: It is a provision of EU competition law

3. Extraterritoriality - US and EU

Justification: It is a provision of US and EU antitrust and competition law

4. Trade obstacle, non-tariff - France

Justification: These are considered to be part of the France trade system

5. Strict liability - U.S. Tort Law

Justification: It is part of the U.S. Tort Law and depends on intent to harm liability

6. Punitive damages - U.S. Product Liability Law

Justification: It is a provision of U.S. Product Liability Law

5 0
2 years ago
The interest yields on U.S. Treasury securities in early 2009 fell to very low levels as a result of the combined events surroun
Leni [432]

Answer and Explanation:

The computation is shown below:

For three months

Simple yield is

= Discount ÷ Price at sale

= 6.07 ÷ 9993.93

= 0.0607%

And, the annualized yield is

= 0.0607% ÷ 3 × 12

= 0.2428%

For 6 months

= Discount ÷ Price at sale

= 23.07 ÷ 9976.74

= 0.2312%

And, the annualized yield is

= 0.2312% ÷ 6 × 12

= 0.4625%

4 0
3 years ago
You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the
SpyIntel [72]

The question is incomplete. The complete question is :

You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the account needs to hold to make this possible. Round your answer to the nearest dollar.

Regular withdrawal    $ 2200

Interest rate                        2%

Frequency                   Monthly

Time                                20 years

Solution :

Given :

Monthly withdrawal = $ 2200

Interest rate = 2%

Frequency = monthly

Time = 20 years

        = 20 x 12 = 240 months

Formula used :

$w=\frac{[PZ^{r-1}(Z-1)]}{[Z^Y-1]}$         with Z = 1 + r

where, w = monthly withdrawal

P = principal amount

r = monthly interest rate

Y = Number of months

So, w = 2200

     r = 2% = 0.02

     Z = 1 + r

        = 1 + 0.02 = 1.02

Y = 240

Therefore,

$2200=\frac{P(1.02)^{240-1}(1.02-1)}{(1.02)^{240-1}(1.02-1)}$

$P=\frac{2200(115.888-1)}{113.6164(0.02)}$

   = 111,231829

   ≈ 111,232 (rounding off)

Thus, the account balance = $ 111,232

3 0
3 years ago
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