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
kiruha [24]
3 years ago
10

On February 28, 1991, Master Inc. had total assets with a fair market value of $1,200,000 and total liabilities of $900,000. On

January 15, 1991 Master made a monthly installment note payment to Acme Distributors, a creditor holding a properly perfected security interest in equipment having a fair market value greater than the balance due on the note. On March 15,19991, Master voluntarily filed a petition in bankruptcy under the liquidation provisions of Chapter 7 of the federal Bankruptcy Code. One year later, the equipment was sold for less than the balance due on the note to Acme.
If a creditor challenged Master's right to file, the petition would be dismissed:

a. If Master had less than 12 creditors at the time of filing.
b. Unless Master can show that a reorganization under Chapter 11 of the federal Bankruptcy Code would have been unsuccessful.
c. Unless Master can show that it is unable to pay its debts in the ordinary course of business or as they come due.
d. If Master is an insurance company.
Business
1 answer:
Katen [24]3 years ago
8 0

Answer:

d. If Master is an insurance company

Explanation:

According to the given question, on January 15, 1991, Master made a monthly installment note payment to Acme Distributors, a creditor. Master Inc. had total assets with a fair market value of $1,200,000 and total liabilities of $900,000 on February 28, 1991. However, Master voluntarily filed a petition in bankruptcy on March 15, 1991. If the equipment was sold for less than the balance due on the note to Acme and a creditor challenged Master's right to file, the petition would be dismissed if Master is an insurance company.

Insurance is an entity that protects from financial loss. It is a form of risk management.

You might be interested in
which group has individual investors as participants and is a lender of funds to the financial markets? multiple choice question
Feliz [49]

The financial markets are financed by those with money but no ideas, and they also include private investors as participants.

A marketplace where bonds, equities, securities, and currencies are traded is referred to as a financial market. Few financial markets do daily security transactions worth trillions of dollars, whereas some are smaller and less active. These are marketplaces where investors gain more money, firms increase their cash flow, and dangers are reduced.

The selling and purchasing of financial assets and securities takes place in a venue known as a financial market. In the economy of the country, it distributes scarce resources. By facilitating the transfer of funds between investors and collectors, it acts as an intermediary.

On a financial market, the stock market enables investors to buy and sell shares of publicly traded corporations. The primary stock market is where new stocks are initially offered, together with other stock securities.

Learn more about financial market here

brainly.com/question/27961174

#SPJ4

3 0
1 year ago
You run a school in Florida. Fixed monthly cost is $5,835.00 for rent and utilities, $5,906.00 is spent in salaries and $1,061.0
olga55 [171]

Answer: 1.621

Explanation:

The old charge per student was $678 per month

The new charge is $1,099.

The percent of the new charge compared to the old according to the question methodology is:

= New charge per student / old charge per student

= 1,099/678

= 1.621

3 0
3 years ago
1. What is the advantage of offering more choices for something?
Alika [10]
Know that giving customers too many choices can overwhelm and lead to fewer sales the benefit of limited sharing options
6 0
3 years ago
A)The playing life of a Sunshine radio is normally distributed with mean  = 600 hours
Jlenok [28]
What is your favorite food that come from your culture mine are probably Tomales
7 0
3 years ago
Explain the importance of having a<br> business plan
kobusy [5.1K]

It'll help you set your priorities, and your main focus on what you'll be doing or where you'll be going in the near future.

4 0
2 years ago
Other questions:
  • 13, a company has recently outsourced its payroll process to a third-party service provider. an audit team was scheduled to audi
    9·1 answer
  • For traditional retailers selling physical goods, _____ is the biggest constraint limiting a firm's ability to offer customers w
    14·1 answer
  • Primus Corp. is planning to convert an existing warehouse into a new plant that will increase its production capacity by 45%. Th
    13·1 answer
  • The following information is available for Trinkle Company for the month of June:
    11·1 answer
  • Section​ 1(1) of the Restatement​ (Second) of Agency defines agency as​ a(n) _____ relationship ​"which results from the manifes
    10·1 answer
  • Question 6 of 10
    14·2 answers
  • A low-cost leader can translate its low-cost advantage over its rivals into superior profit performance by
    5·2 answers
  • 1. The following headline appeared in the London Times, "England's sheep population nearly destroyed by famine!" How will this a
    13·1 answer
  • Sheridan Company uses the percentage-of-receivables method for recording bad debt expense. The Accounts Receivable balance is $2
    5·1 answer
  • What is the result of subtracting the project costs from the benefits and then dividing by the costs
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!