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lakkis [162]
3 years ago
5

In 2008, the United States began to witness one of the worst recessions since the 1930s. The collapse of the housing bubble in 2

006 led to a massive decline in real estate prices, affecting consumers and institutions, especially banking and financial entities. Severe liquidity shortfalls in the United States as well as other global markets led to a serious credit crisis. During the credit crisis of 2008–2009, several banks and other businesses went through a reorganization process or were forced to liquidate. Consider the following example:________.
In January 2009, American electronics retailer Circuit City Inc. closed all of its stores and sold all of its merchandise.
The above is an example of:______.
A. Reorganization
B. Liquidation.
Business
1 answer:
deff fn [24]3 years ago
3 0

Answer:

B. Liquidation.

Explanation:

Liquidation is and aftermath of the inability of a company or establishment to meet up with her obligations at the required moment. Thus, the company folds-up, lay off her staff and stop operating. While reorganization is a form of restructuring in a company or establishment. It may involve change of positions and duties among capable staff.

The example in the given scenario is that of liquidation because it ceased from operation.

You might be interested in
The computer workstation furniture manufacturing that Santana Rey started in January is progressing well. As of the end of June,
AnnyKZ [126]

Answer:

Results are below.

Explanation:

Giving the following information:

Job 602 Job 603 Job 604

Direct materials= $ 1,500 $ 3,700 $ 2,800

Direct labor= 900 1,380 1,800

Overhead= 360 552 720

Job 602:

direct materials= $600

direct labor= $250

overhead= $100.

1) Raw materials:

Job 602= 1,500 - 600= $900

Job 603= 3,700

Job 604= 2,800

Total= $7,400

2) Direct labor:

Job 602= 900 - 250= $650

Job 603= 1,380

Job 604= 1,800

Total= $3,830

3) Overhead:

Job 602= 350 - 100= 250

Job 603= 552

Job 604= 720

Total= $1,522

4) The cost transferred to finished goods is the total cost of jobs 602 and 603.

Total cost 602= 1,500 + 900 + 360= 2,760

Total cost 603= 3,700 + 1,380 + 552= $5,632

Total cost transferred to finished goods= 2,760 + 5,632= $8,392

5 0
4 years ago
HURRY HURRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
laila [671]
The answer is True 
*Chronological Resumes<span>. As the name suggests, a </span>reverse chronological resume<span> presents your </span>work experience <span>information from newest (most relevant) to oldest (least relevant). This means the </span>resume<span> will begin with your most recent </span>job<span>, and end with your oldest </span>experience<span>.</span>
8 0
3 years ago
Read 2 more answers
A relationship with the closeness of a friendship but also the sexual activity of a romantic partnership without the expectation
Anna71 [15]

Friends with benefits refers to a relationship that has the intimacy of a friendship but also the sexual activity of a love relationship without the expectations of commitment.

An interpersonal connection that incorporates physical or emotional closeness is referred to as an intimate relationship. Even though personal relationships are frequently sexual, they can also be non-sexual and involve friends, family, or acquaintances. Physical intimacy can come from emotional intimacy, which is the sense of liking or loving one or more persons.

Romantic love, sexual intercourse, or other forms of intense connection define physical intimacy. These connections are crucial to the entirety of human existence. Intimate relationships often satiate human beings' universal needs for love and belonging. People can develop solid emotional connections within a social network thanks to these kinds of partnerships.

To know more about Relationship here

brainly.com/question/3614226

#SPJ4

7 0
2 years ago
The trickiest weather condition you'll encounter is ___________ .
Zepler [3.9K]

The trickiest weather condition that an individual may encounter is an adverse weather conditions in which this type of weather produces effects that makes an individual to find it difficult to go out or see, examples of this is when there is a conditions such as snow, ice, rain or fog.

8 0
3 years ago
Alan Jackson invests $20,000 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 yea
kondaur [170]

Answer:

a. $32,800

b. $37,019

c. $37,460

Explanation:

a. The computation of Total Amount Withdrawn by Alan when simple interest is shown below:-

Accumulated amount of money = Invested amount + (Rate of interest × Number of years)

= $20,000 + ($20,000 × 8% × 8)

= $32,800

b. The computation of Total Amount Withdrawn by Alan when annually Compounded is shown below:-

Accumulated amount of money = Invested amount × (1 + rate of interest)^Number of years

= $20,000 × (1 + 0.08)^8

= $20,000 × 1.85093

= $37,019

c. The computation of Total Amount Withdrawn by Alan when semi annually Compounded is shown below:-

Accumulated amount of money = Invested amount × (1 + rate of interest × Number of years ÷ 200)^16)

= ($20,000 × (1 + 0.08 × 8 ÷ 200)^16)

= $20,000 × 1.87298

= $37,460

Therefore we have applied the above formulas.

5 0
4 years ago
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