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Nikolay [14]
3 years ago
13

In May 2009, General Motors started closing 2,600 of its retail outlets and finally filed for bankruptcy in June. It emerged fro

m the bankruptcy protection by July 2009 after it received funding from the U.S. government, the Canadian government, the United Automobile Workers Union, and GM bondholders.
1. This is an example of _________.
O Reorganization
O Liquidation
Business
1 answer:
harina [27]3 years ago
8 0

Reorganization

<u>Explanation:</u>

Revamping may allude to the restoration of an organization's funds as per a liquidation. It can likewise allude to any procedure that influences the duty structure of an organization. Furthermore, revamping may allude to a merger or obtaining or offer of an organization that changes the proprietorship, stock, or lawful and the executive's structure.

The redesign is a conventional court-managed procedure of rebuilding an organization's funds after chapter 11. As per insolvency laws, explicitly Chapter 11, an organization is given security from lenders during the timespan when the organization proposes and a liquidation court audits and affirms a particular revamping plan. The rearrangement is planned to reimburse lenders to the most extreme degree conceivable and to rebuild the organization's accounts, the executives, and tasks to keep a similar issue from emerging once more.

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Enter mia profit/loss for the 2 month
Tems11 [23]
She profits more each month
8 0
3 years ago
Dorothy Taylor has won a state lottery and will receive a payment of $93,000 every year, starting today, for the next 20 years.
Firlakuza [10]

Answer: The answer is $1,092,865.5426

To the nearest whole dollar, we have:

$1,092,866

Explanation: from the question above, we will be calculating the present value of a cashflow of $93,000 over a period of 20 years, at a rate of 5.76%.

We will be performing a discounting operation.

Refer to the attached files below to see the calculations and how we arrived at the answer above.

8 0
3 years ago
Read 2 more answers
Starling Co. manufactures one product with a selling price of $18 and variable cost of $12. Starling’s total annual fixed costs
nikitadnepr [17]

The number of units that Starling Co. sold was 11200

<u>Explanation:</u>

Given -

Operating income = $28,800

Fixed cost = $38,400

Selling price of one unit = $12

Variable cost = $12

Number of units sold, n = ?

Contribution  margin per unit = $18 - $12

                                                 = $6

n = \frac{operating income + fixed cost}{contribution margin per unit}

n = \frac{28800 + 38400}{6} \\\\n = \frac{67200}{6} \\\\n = 11200

Therefore, number of units that Starling Co. sold was 11200

7 0
3 years ago
If a firm has a cost of equity of 15 percent, and the firm is 100 percent equity financed. The firm is contemplating a $150 mill
Nikolay [14]

Answer:

c. $166.67 million

Explanation:

cost of expansion = new equity issued / (1 - flotation costs)

cost of expansion = $150 million / (1 - 10%) = $150 million / 90% = $166.67 million

Flotation costs increase the cost of equity, since they are an expense that decreases the net amount of money received by a corporation when it issued new stocks or new bonds.

4 0
3 years ago
A vendor offers to provide a $500 payment to a teacher for going “above and beyond” their normal duties and assisting the vendor
elena55 [62]
Most likely not but its a nice thing to do.
4 0
3 years ago
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