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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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Insurance can help you: A.minimize monthly expenses B.financially protect against unexpected accidents C.reduce the chances of g
Hitman42 [59]
<span>B.financially protect against unexpected accidents definitely the answer.</span>
6 0
3 years ago
Read 2 more answers
2 ways that you can simplify 112 over 220
Sidana [21]

Source: Net

Find the GCD (or HCF) of numerator and denominator

GCD of 112 and 220 is 4

Divide both the numerator and denominator by the GCD

112 ÷ 4

220 ÷ 4

Reduced fraction:  

28

55

8 0
3 years ago
Consider the metaphor used in the article differentiating managerial and leadership roles (average managers play checkers, great
Jobisdone [24]

Answer:

Following are the solution to this question:

Explanation:

The metaphor of gambling, chess, and rallying related only to the degree of growing complexity and significance of different roles. In typical management needs and allocates capital, so named players. A senior executive not just uses the resource and also serves as a key motivator for both the company's so-called chess-making goals. Its successful leaders, however, not just to lead to accomplishing organizational targets, and also motivate individuals to serve a better future, and people are advised to rally to the metaphor is therefore said to have been accurate and is focused on the various positions and levels performed by the organization, thus distinguishing roles.

5 0
3 years ago
On January 1, 20X8, L Corporation acquired all of the common stock of S Company for $300,000. On that date, S Company's identifi
dimaraw [331]

Answer:

b. 50,000

Explanation:

According to the given situation, the computation of impairment loss is shown below:-

The Amount of impairment loss to be recognized at December 31, 20X8 is

= Net assets - Fair value of reporting unit

= $310,000 - $260,000

= $50,000

Therefore we applied the above formula to determine the amount of impairment loss to be recognized at December 31, 20X8.

3 0
3 years ago
Suppose that a country has no public debt in year 1 but experiences a budget deficit of $50 billion in year 2, a budget deficit
cluponka [151]

Answer:

= $62 billion

Explanation:

Since the country started year 1 with no public debt,

The country's debt at the end of year 5 = $50 (deficit year 2) + $30 (deficit year 3) - $20 (surplus year 4, negative deficit) + $2 (deficit year 5)).

= $62 billion

The country's debt at the end of year 5 = $62 billion

Public debt is the sum of deficits and surpluses (negative deficits) over time.

5 0
3 years ago
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