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WARRIOR [948]
3 years ago
7

A Chapter 7 bankruptcy proceeding is formally commenced by the _____.

Business
1 answer:
leonid [27]3 years ago
3 0

Answer:

filing a petition

Explanation:

A petition is a formally written request by an individual or group of persons to an authority concerning a certain issue.

In the case of bankruptcy, a petition has to be written before it can be proceeded on by appropriate authorities. In chapter 7 bankruptcy, assets are usually turned over by the court to a person or firm of the courts choice to manage and see about paying back creditors.

I hope this helps.

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Answer: THREAT OF SUBSTITUTE PRODUCTS.

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The five competitive forces are as follows;

COMPETITIVE RIVALRY which determines the strength and number of your competitors.

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4 0
3 years ago
What is one downside of banking at a traditional branch versus on-line-only banking​
tresset_1 [31]

<u>Answer:</u>

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6 0
3 years ago
Home Realty, Incorporated, has been operating for three years and is owned by three investors. J. Doe owns 60 percent of the tot
nordsb [41]

Answer:

Net Income for the year is $23,175

Explanation:

The Company's income Statement is prepared below. In relation to the following please note that:

  • Total Revenue is considered Section A while Total Expense is Section B and the Net Income is the difference of the same (A - B).

<u>Income Statement on December 31st:</u>

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Income statement

For period ended December 31st

Revenue                                           $

Sales Revenue                             166,000  

Other Revenue                                   -  

Total Revenue (A)                             166,000  

Expenses:                                    $

Salaries and Wages Expense             97,000  

Interest Expense                                6,300  

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4 0
2 years ago
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Mashcka [7]
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3 years ago
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saw5 [17]

Answer:

Increase / Increase.

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3 0
3 years ago
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