All categories

3 years ago

Bankruptcy is a process when a lender tries to obtain money from an individual's employer to pay an unpaid debt.

2 answers:

6 0

The answer to this question would be false because when you file for bankruptcy you are not asking to get help to pay your debt you are asking to have it expunged.

____ [38]3 years ago

5 0

Answer:

FALSE

Explanation:

Bankruptcy is a legal situation in which a person or company declares that they have no financial capital to meet their obligations. This is a process that must be authorized by a judge. When bankruptcy is filed, the assets of the company / person filing for bankruptcy are frozen so that they can later be used to pay off part of the company's debts. For example, if a company goes bankrupt and does not pay suppliers and employees. The assets of the bankrupt business owners may be used to pay those who have been injured.

You might be interested in

Select the correct answer.

Whitepunk [10]

Answer:

Explanation:

6 0

3 years ago

A 4-year project has an annual operating cash flow of $48,000. At the beginning of the project, $3,900 in net working capital wa

tankabanditka [31]

Answer:

The Year 4 cash flow is $33,348.

Explanation:

The Year 4 is the last year of the project.

In this year we have:

- Income: +$48,000.

- Working capital recovery: +$3,900

- Equipment sale: +$5,460

- Equipment book value: -$4,380

To calculate the tax, we apply the tax rate to the income and to the sale profit (difference between the market value and the book value of the equipment):

$Tax=0.40*[48,000+(5,460-4,380)]\\\\Tax=0.40*(48,000+1,080)\\\\Tax=0.40*49,080=19,632$

- Tax: -$19,632

Then, we can calculate the Year 4 cash flow:

$CF_4=48,000+3,900+5,460-4,380-19,632=33,348$

4 0

4 years ago

When the Age Discrimination in Employment Act is being applied, the substantially younger test generally says that the younger e

trapecia [35]

Answer: When the Age Discrimination in Employment Act is being applied, the substantially younger test generally says that the younger employee must be at least ten years younger than the terminated employee claiming discrimination.

Explanation: The Federal Government has set an age limit on how far apart the age needs to be to claim there is discrimination happening. They have also set an age limit to claim that an individual is being discriminated by their age and that is 40 years old.

5 0

3 years ago

December 31 2017 2016 Accounts receivable $43,060 $34,630 Inventory 30,370 39,870 Prepaid rent 16,820 15,120 Totals $90,250 $89,

morpeh [17]

Answer:

Net cash from operating activities is $57,220.

Explanation:

Using the indirect method, the Operating Activities section of the statement of cash flows can be prepared as follows:

Statement of Cash Flows

(Operating Activities Section Only)

Details $

Net income 35,890

Adjustment to reconcile net income:

Depreciation expense 18,040

(Increase) decrease in current assets:

Increase in accounts receivable ($34,630 - $43,060) (8,430)

Decrease in inventory ($39,870 - $30,370) 9,500

Increase in prepaid rent ($15,120 - $16,820) (1,700)

Increase (decrease) in current liabilities:

Increase in accounts payable ($25,610 - $19,430) 6,180

Decrease in income taxes payable ($5,970 - $10,500) (4,530)

Increase in interest payable ($14,710 - $12,440) 2,270

Net cash from operating activities  57,220 

5 0

3 years ago

Understanding meeting lingo is important; a convention in Europe is called a ___.

son4ous [18]

C euro meeting is called

4 0

3 years ago

Read 2 more answers