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4 years ago

Which statement best describes what happens when people declare bankruptcy

1 answer:

6 0

For the answer to the question above, I believe the answer to your question is a<span>ll of their debts are eliminated, but they have to sell their assets, such as their homes to offset the remaining balance of their debts.
I hope my answer helped you. Feel free to ask more question. Have a nice day!
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What are long-term decisions that set the direction for the entire organization called?a. Tactical b. Operational c. Directional

kvv77 [185]

Answer:

The correct answer is letter "E": Strategic.

Explanation:

Strategic decisions imply analyzing what direction is the overall company going to take in the long run. It represents the groups of decisions high-rank executives must take to conduct the operations of the firm, the resources that will be used and how they will combine those factors to reach the organization's objectives.

8 0

3 years ago

A company engineer has an idea that by implementing an IoE solution the company will save time in getting a product to market. T

frozen [14]

Answer:

Software system modeling is a technique to deal with the complexity inherent in these systems. The use of models helps the software engineer to "visualize" the system to be built. In addition, models of a higher level of abstraction can be used for communication with the customer. Finally, the modeling tools and those of Automated Software Engineering. They can help verify the correctness of the model.

3 0

4 years ago

An employee who just finished an mba paid for by a firm’s tuition reimbursement program might feel a moral obligation to stay wi

Arturiano [62]

The answer is normative commitment as this is a type of commitment in which an individual acquires because he or she feels a sense of obligation of having to be committed and to stay in which is seen in the scenario above as the person stays because of his obligation.

6 0

3 years ago

On June 1, 2021, Emmet Property Management entered into a 2-year contract to oversee leasing and maintenance for an apartment bu

Maslowich

Answer:

$27,540

Explanation:

Expected amount = Possible amount into probability

Expected amount = ($54,000*80%) + ($54,000+10%)*20%

Expected amount = $43,200 + ($54,000+$5,400)*20%

Expected amount = $43,200 + $59,400*20%

Expected amount = $43,200 + $11,880

Expected amount = $55,080

Revenue to be recognized on this contract in 2021 = $55,080 * 6/12 = $27,540.

8 0

3 years ago

Sweet Catering completed the following selected transactions during May 2016: May 5: Received and paid electricity bill, $140 Ma

Alex73 [517]

Answer: (1) $5,290

(2) $3,470

Explanation:

Net Income from Accrual method:

= Served a banquet account - received and paid electricity bill + Received cash meals to customers - Accrued salary expense - Prepaid insurance expired

= $2,810 - $140 + $3,610 - $800 - $190

= $5,290

Net Income from Cash method:

= Received cash meals to customers - received and paid electricity bill

= $3,610 - $140

= $3,470

4 0

3 years ago