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3 years ago

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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How do you manage innovation if ideas can come from anywhere, including people who aren’t your direct employees—or aren’t even p

julsineya [31]

Answer and Explanation:

Development is a significant part for any association. It makes ready for organization's sustenance and ensures that the association is rivalry in a sound way in the market. Be that as it may, overseeing advancement can be a precarious circumstance. So as to oversee advancement that can emerge out of where anyplace, the association needs to comprehend the significance of the development and the wellsprings of development.

Associations need to make arrangements to support developments, open dialog on these issues and advance individuals who achieve the changes. So as to do that the organization need to instill the way of life of advancement. This requires changes in the manner association works, the objectives, the crucial vision of the organization. The estimation of the organization must be set up in a manner that advances development and prizes the individuals who are engaged with this procedure.

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3 years ago

At the beginning of Year 1, a company reported a balance in common stock of $164,000 and a balance in retained earnings of $64,0

blagie [28]

Answer:

Explanation:

The preparation of the statement of stockholder equity and balance sheet is presented below:

a. Statement of stockholder equity

<u>Particulars Common stock Retained earnings Total stock equity</u>

Beg balance $150000 $50,000 $200,000

Add: Addi shares $40,000 $40,000

Add: Net income $30,000 $30,000

Less: dividend -$10000 -$10000

Total $190,000 $70,000 $260,000

b. Balance sheet

Assets Amount

Cash $52,600

Supplies $13,400

Prepaid rent $24,000

Land $200,000

Total assets $290,000

Liabilities Amount

Account payable $9,100

Un-earned revenue $2,400

Salaries payable $3,500

Notes payable $15,000

Stockholder equity $260,000

Total liabilities & stockholder equity $290,000

6 0

3 years ago

A. the ability to merely project one's abilities in the lack of actual accomplishments B. the ability to reduce the dependence o

MissTica

A leadership is best described as the ability to influence a group toward the achievement of a vision or set of goals.

<h3>What is a leadership?</h3>

In a formal setting, this refers to individual ability to influence, lead and guide others people to accomplish a predetermined mission in the manner desired.

Hence, it is best described as the ability to influence a group toward the achievement of a vision or set of goals.

Therefore, the Option D is correct.

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1 year ago

Jason is shopping for a new car. He completes new credit applications at four different dealerships. Will this affect his credit

trasher [3.6K]

Applying for a loan in each of the dealerships he visited will have negative consequences on his credit score.

The credit score is a term to refer to the score that people have toward the financial system. The credit score is a kind of business card for each person regarding their financial life.

One of the most common mistakes people make is when they make multiple credit applications when they intend to buy something because this is a bad practice for their credit score.

For example, if Jason completed credit applications in four different dealers, his score may drop because the entities that are going to lend him the money consider this activity as something negative.

In addition, people who apply for loans in different entities are generally forced to do so because they are denied the possibility of credit, that is, they have an unfavorable history to access a loan.

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2 years ago

Alex is a brand manager at a large corporation. For the last 14 months he has been reading and re-reading all the research data

Simora [160]

Alex is attempting to overcome Paralysis by Analysis.

<h3>What does "paralysis by analysis" mean?</h3>

According to Botnick, ruminating is the act of repeatedly spinning the same thoughts. But usually this overthinking doesn't produce any fresh insight. What ultimately causes the "paralysis," or inability to decide, is continuing to consider options when you already feel worn out and overwhelmed.

Overanalyzing or overthinking a situation can make forward motion or decision-making "paralyzed," which means that no solution or plan of action is agreed upon within a reasonable amount of time. Analysis paralysis describes an individual or group process where this might happen.

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1 year ago