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Dovator [93]
2 years ago
6

Ed is a debtor. Financial Loans, Inc., and the government are Ed’s creditors. For these parties, a bankruptcy proceeding under C

hapter 13 could be initiated by the filing of a petition by Ed alone or by his creditors jointly. Ed only. Financial Loans only. the government only.
Business
1 answer:
shtirl [24]2 years ago
6 0
Ed is a debtor. Financial Loans, Inc., and the government are Ed’s creditors. For these parties, a bankruptcy proceeding under Chapter 13 could be initiated by the filing of a petition by (A) Ed alone or by his creditors jointly.

Here are the following choices:
<span>A. Ed alone or by his creditors jointly.
B. Ed only.
C. Financial Loans only.
D. the government only.</span>
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Cost of Goods Sold account is debited and Finished Goods Inventory is credited for A) purchase of goods on account. B) the sale
Firlakuza [10]

Answer:

B) the sale of goods to a customer.

Explanation:

When goods are sold to a customer, the cost of goods sold account is debited by the same value that the finished goods inventory is credited.

For example, suppose a company sells $1,000 worth of goods to a customer, and the sales price is $1,200. The customer pays by cash the full value of the goods. The journal entry would be:

Account                                    Debit           Credit

Cash                                         $1,200

Sales Revenue                                             $1,200

Cost of Goods Sold                $1,000

Finished Goods Inventory                           $1,000

7 0
2 years ago
The simple annual interest rate on a loan is 5%. what is the interest due on a loan of $3,500 after one year
zlopas [31]
The formula is
I=prt
I interest due ?
P principle 3500
R interest rate 0.05
T time 1 year
I=3,500×0.05×1
I=175
3 0
3 years ago
Read 2 more answers
Later movers do not face: entrenched competitors. reduced uncertainty over technologies. high growth markets. lower market uncer
Maksim231197 [3]

Later movers do not face high growth markets. Later movers are also referred to late followrs or later market entrants. These businesses enter the market after the market has been established. By joining the market later, they have an advantage because they can see what kinks have been worked out by other companies, what has worked and was hasn't worked.

5 0
3 years ago
If output is produced according to Q = 5Lk (L is the quantity of labor and k is the quantity of capital), the price of K is $12,
sattari [20]

Answer:

The option E is correct

Explanation:

Solution

Given that:

The output manufactured to Q = 5Lk

Where L= Labor quantity

k=Capital quantity

The price of K= $12

The price of L =$6

Now,

We find the combination of both K and L that will produce 4,000 units of output.

MPL/MPK is defined as the cost minimizing combination = w/r

Thus,

MPL/MPK = D(Q)/dl = 5k

same will be done for L,

MPL/MPK = D(Q)/dk = 5L

We divide 5K and 5L

So,

5k/5L =$6/$12

k/L = 1/2

Thus,

k =L/2

Now, when we substitute the value  L = 2k in Q we have the following below:

Q = 5k * (2k)

Given that Q = 4000

So,

4000=10k2

4000=k2

we divide

k =20

L = 2k = 2820

= 40

Therefore, L =40, k = 20

8 0
3 years ago
A way that traditional retailers can compete with online retailers is to: Multiple choice question. use franchises that deliver
Arisa [49]

In order to compete with the online retailers, the traditional retailers can use franchises that deliver, require an administered system for all, and increase their market share.

<h3>Who is a retailer?</h3>

A manager or owner of a business organization or a unit that specializes in selling of products to their customers, which they procure from the supplier, is known as a retailer.

Hence, options A, C and D hold true regarding the traditional retailers.

Learn more about a retailer here:

brainly.com/question/22529010

#SPJ1

7 0
2 years ago
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