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12345 [234]
3 years ago
14

In Chapter 7 bankruptcy a debtor

Business
1 answer:
nalin [4]3 years ago
3 0

Answer: A. is required to draw up a petition listing all assets and liabilities.

Explanation:

Bankruptcy simply refers to the legal whereby an economic entity is unable to repay their outstanding debts. In this case, the individual or business will need to sell its remaining assets in order to pay the liabilities.

Due to the above reason, then the debtor will be required by the government to list all of their assets and the liabilities that it owns and this will be used in determining whether the obligation has been fulfilled or not.

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Bob is investing in a partnership with Andy. Bob contributes as part of his initial investment, Accounts Receivable of $120,000;
Fittoniya [83]

Answer:

Credit to Bob, Capital for $114,000

Explanation:

Based on the information given the entry that the partnership makes to record Bob's initial contribution includes a CREDIT TO BOB, CAPITAL FOR $114,000 Calculated using this formula

Bob, Capital=Accounts Receivable-Allowance for Doubtful Accounts+Cash

Let plug in the formula

Bob, Capital=$120,000-$18,000+$12,000

Bob, Capital=$114,000

6 0
3 years ago
Consider a market with two​ firms, Hewlett-Packard​ (HP) and​ Dell, that sell printers. Both companies must choose whether to ch
11Alexandr11 [23.1K]

Answer: Hello your question is poorly written attached below is the complete question

answer : Change in profits

               =  $55 ,  $55

Explanation:

From the Question( Nash equilibrium ) we can see that there four combination of charges

HP, Dell ($450, $450 ) : profit ( $100, $100 )

HP ,Dell ($450, $250 ) :

HP, Dell ( $250, $450 )

HP, Dell ( $250, $250 ) profit ( $45, $45 )

when lower price is adopted profit made = ( $45 , $45 )

when Higher price is adopted profit made = ( $100, $100 )

Hence The effect of matching prices on profits​ (relative to the Nash equilibrium without price​ matching)

Assuming HP and Dell coordinates

HP's profit will changes by = $100 - $45 = $55

Dell's profit will change by  = $100 - $45 = $55

4 0
3 years ago
LO 3.4If the sales mix in a multi-product environment shifts to a higher volume in low contribution margin products, the break-e
kompoz [17]

Answer:

Option 1 is wrong because in the case of multi-product, breakeven is weighted average which means the sales price will weighted average of sale prices of all the multi-products in the sales mix. If we change the weightings the weighted average costs and selling prices changes and so the contribution changes.

Option 2 is also sligthly wrong because Contribution margin per composite unit decreases if the volume of low contribution margin products increases in the sales mix. This means:

Breakeven Point=Fixed Cost/ Contribution per unit.........equartion 1

If the contribution per unit has been decreased the breakeven will rise.

Its impact depends upon the portfolio of products company is managing. It means it increases breakeven with high effects if the products in sales mix 2 to 3.

Option 3 is 100% right because equation 1 is

Breakeven Point=Fixed Cost/ Contribution per unit

Which says

If the contribution per unit has been decreased the breakeven will rise.

Option 4 is absolutely wrong because if we shift to higher volume in low contribution margin products, Contribution margin per composite unit decreases if the volume of low contribution margin products increases

which means Weighted average contribution has been decreased and as a result breakeven point according to equation 1 has been incresed.

5 0
3 years ago
Which type of technology in criminal intelligence do you think poses the highest risk of infringing our individual rights? Why?
zhenek [66]

I think intelligence is a high risk of civil rights infringement because it requires running informants, wiretapping, trying to keep tabs on everyone, and threatening to charge them with critical offenses if they never turn states evidence.

8 0
4 years ago
Read 2 more answers
Mia, an administrative assistant in the business division of a university, is assigned the responsibility of serving the needs o
Anika [276]

Answer: The professors have failed to engage Mia.

Explanation: Since Mia is an administrative officer, assigned with the role of serving the needs of the division's professor, her having plenty of ’free time’ simply tells the professors do not engage her well enough in her primary duty as an administrative officer to keep her busy.

4 0
4 years ago
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