1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
During the current year, Lyle Co. incurred $204,000 of research and development costs in its laboratory to develop a patent that
valentina_108 [34]

Answer:

It will capitalize 245,000 to recognize the patent intangible asset

Explanation:

It will capitalize the entire research adn development cost as well as the fees and registration cost as are part of the incurred cost needed to obtain the patent

Therefore: 204,000 + 41,000 = 245,000

8 0
3 years ago
Read 2 more answers
The opportunity cost of producing a bicycle refers to Group of answer choices the marginal cost of the last bicycle produced. th
Sever21 [200]

Answer:

the value of the goods that were given up to produce the bicycle.

Explanation:

Opportunity cost is the cost of the next best option forgone when one option is chosen over other alternatives.

the opportunity cost of purchasing the bicycle is the value of  other things that could have been bought instead of the bicycle

4 0
3 years ago
What are the three conditions for a market to be perfectly​ competitive? for a market to be perfectly​ competitive, there must b
den301095 [7]
The three conditions that must exist in order for a market to be perfectly competitive include: 1. a large number of vendors and customers (buyers and sellers), 2. the vendors must be selling identical products and finally, 3. new vendors must be able to freely enter the market.
7 0
3 years ago
Security is a financial instrument backed by assets. They give the holder an interest or right in something else. A regulation u
Ksivusya [100]

Answer:

c. a resort condominium project in which owners enter their units in a common rental pool to enhance their income

Explanation:

As provided, the company here aggregates funds to acquire property and then earn rental income. The company can be a combination of many individuals or firms or any other form. But since it is earning an assured income in the form of rentals, it can be categorized as security.

Accordingly if it is a security, the security laws will be applicable on them.

Option a and b do not provide so, as they do not form a security, as in case a there is no definite income attached. In case b there are losses also attached, as it is for residential and retail in the same volume, making it loose its commercial substance.

7 0
3 years ago
When the Fed buys bonds the supply of money decreases and so aggregate demand shifts left. the supply of money decreases and so
stealth61 [152]

Answer: The supply of money increases and so aggregate demand shifts right.

Explanation: When the Federal Government buy Bond they help to increase the amount of money available for the Banks to loan to Business entities, Organisations and individuals.

The Aggregate Demand will Shift to the right, signaling the Increase in the rate of Demand as a result of the Increase in the volume of Money in circulation within the Economy. Once consumers have money to spend or invest they will cause the Demand for goods and services to increase.

4 0
3 years ago
Other questions:
  • Louise owned a house next to Robert's house. Robert made a contract with Midcity Painters to paint his house. The painters arriv
    9·1 answer
  • One of the primary advantages of using econometrics over typical results from economic theory is that
    7·1 answer
  • Troy Company budgeted​ $12 million for customer service​ costs, but actually spent only​ $10 million. Which of the following sta
    5·1 answer
  • Consider the different characteristics of the aggregate demand curve the statements below, determine which curve is being descri
    7·1 answer
  • The government of Sharonville is deep in debt, and consequently enacts a city ordinance that requires citizens to do volunteer w
    10·1 answer
  • As of December 31, Year 2, Moss Company had total cash of $195,000, notes payable of $90,500, and common stock of $84,500. Durin
    7·1 answer
  • Suppose individuals wish to obtain the most accurate comparison of living standards between the US and Saudi Arabia. To do so, o
    11·1 answer
  • The economic system of the East Asian nation of Xinzen calls for public ownership of all businesses. The government has complete
    12·1 answer
  • Bramble Corp. uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $220
    13·1 answer
  • Marriott builds a hotel for $34 million and sells it to a banking
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!