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horsena [70]
3 years ago
14

Are the preferential transfer rules that are applied in bankruptcy affected by whether an insolvent individual debtor filed a vo

luntary bankruptcy petition as opposed to an involuntary petition? Simply state ""yes"" or ""no.""
Business
1 answer:
N76 [4]3 years ago
4 0

Answer:

YES

Explanation:

It is true that the preferential transfer rules that are applied in bankruptcy is affected by whether an insolvent individual debtor filed a voluntary bankruptcy petition as opposed to an involuntary petition.

A preferential transfer can only occur when an insolvent individual, before voluntarily filing for Chapter 7 bankruptcy, settles a creditor or a category of creditors which then implies that the remaining creditors will be entitled to less in the bankruptcy.

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Narchie sells a single product for $50. Variable costs are 60% of the selling price, and the company has fixed costs that amount
Ainat [17]

The break even units is 20,000 units

<u>Explanation:</u>

<u>Firstly, the break even units needds to be calculated and is as follows:</u>

Selling price per unit = $50.00

variable costs = $30.00

Contribution Margin per unit = $20.00

BEP units = Fixed cost by contribution margin per unit

Fixed overhead = $400000

Contribution margin = $20

BEP = 20000 units

where : BEP = Break even units

Therefore, the break even units will be at 20000 units.

As per the given options in the question, the option C is the correct option.

3 0
3 years ago
Explain why two employees at a company, earning the same gross pay, might have different net pays
chubhunter [2.5K]
One employee may have more deductions than the other employee, such as a larger number of dependents, or may be choosing to pay more of her paycheck into Social Security. 
6 0
4 years ago
How much unused lending capacity does eternal savings have at step 4?
blondinia [14]
Umm mm I think 4 steps
3 0
4 years ago
Sound Audio manufactures and sells audio equipment for automobiles. Engineers notified management in December 2021 of a circuit
denis-greek [22]

Answer:

Sound Audio

Yes.  This loss should be accrued.

Explanation:

Accruing the loss contingency gives the readers of the financial statements an early warning of the probable existence of a future loss.  A loss contingency arises from a probable future event, which gives rise to an adverse outcome from a lawsuit.  Since the cost of the loss can be reasonably estimated and the product recall is virtually certain, it is prudent for Sound Audio to provide for this loss in its December 2021 financial statements.

3 0
3 years ago
FordTech is a software company whose clients are based in France. The company has formed a team to decide the direction the orga
Tomtit [17]

Answer:

The correct answer is "corporate strategy"

Explanation:

FordTech is a software company whose clients are based in France. The company has formed a team to decide the direction the organization should take over the next five years. The focus of this team is to increase their clientele in Europe. The company is keen on taking advantage of the opportunities and avoiding threats in the changing environment. This team is involved in developing the corporate strategy  for the organization.

Corporate Strategy takes a group of people to take strategic decisions making by looking across all of a firm’s businesses to determine how to create the most value to achieve company objectives while achieving a competitive advantage.

4 0
4 years ago
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