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igomit [66]
3 years ago
10

Andy's business is not able to pay its debts, and the prospects for its finances to improve are slim. Andy decides not to contin

ue the business. In this case, Andy should file a voluntary petition for which type of bankruptcy?
Business
1 answer:
klio [65]3 years ago
5 0

Answer:

The answer is: She should file for Chapter 7 Bankruptcy; The discharge of debts

Explanation:

Under Chapter 7, you must first prove that your income is insufficient to allow you to pay at least a portion of your debts. There is a mathematical form for making the calculation. If you have enough income, you will need to file under Chapter 13 instead.

Under Chapter 7 you either pay your debts or give up your property for secured debts. You surrender any nonexempt property (e.g. a second house not used as primary residency, investments, artwork, jewelry, etc.) in order to pay off as much of your debt as possible.

You are able to keep all your exempt property and you are no longer in obligation to repay the remaining debt.

You might be interested in
Accounting designed to meet the needs of decision makers inside the business isa. financial accounting b. external accounting c.
Zinaida [17]

Answer:

The correct answer is letter "C": managerial accounting.

Explanation:

Managerial Accounting is an internal accounting system that helps managers to assess their decision outcomes. One common managerial accounting function is to assess the profit margin on the goods of the company. This information helps top executives set prices on those goods to ensure that good enough profit margins are being earned.

5 0
4 years ago
Why does the market portfolio include all risky assets?
Bezzdna [24]
Under the CAPM, all investors hold the market portfolio because it is the optimal risky portfolio. Because it produces the highest attainable return for any given risk level, all rational investors will seek to be on the straight line tangent to the efficient set at the steepest point, which is the market portfolio. Branliest would be nice (:
6 0
3 years ago
You write one JNJ February 70 (strike price) put for a premium of $5. Ignoring transactions costs, what is the break-even price
Lera25 [3.4K]

Answer:

$65

Explanation:

The computation of the break even price for this position is shown below:

Break even price is

= Strike price - premium

= $70 - $5

= $65

The stock goes upward to $65 so you lose only $5 but it falls than the stock would be $0

Hence, the break even price of this position is $65

Therefore by applying the above formula we can get the break even price and the same is to be considered

4 0
3 years ago
Some characteristics of an automotive tire are its Size, Material, Internal Construction (bias ply, steel belted for example), t
Blizzard [7]

Answer:

Money available to the buyer is most important factor which needs to be considered. Also the quality of the old tires is considered before making a decision to replace tires. The life of tire is dependent on the running of the car plus the quality of the roads.  

Explanation:

The tire are replaced once they are damaged. The damage can be through accident, roughness of roads, extra mileage and other similar factors. Once the tire is damaged it is better to replace it by the new one as this can be harmful for the commuters to travel in a car whose tires are damaged. There can be puncture or even tire burst situation which could be a threat to life.

4 0
3 years ago
ScH. Corp., a pharmaceutical company, launches a new painkiller. It claims that the product provides relief within two minutes d
Gekata [30.6K]

Answer:

Deceptive advertisement.

Explanation:

Deceptive advertisement: It is a type of advertising that is meant for damaging the reputation of competitor´s ad and products by making false claim or by spreading wrong information about the rival´s product. This advertisement is also gimick the customer by misleading them in their promotional campaign. The prime purpose of these type of advertisement is to promote their product as superior and gain more sales due to wrong information spread.

In the given case, pharmaceutical company is falsely claiming that the product provides relief within two minutes due to its unique ingredients, which is deceptive advertisement.

4 0
3 years ago
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