Answer:
A. No, Chapter 7 bankruptcy is for the selling off of all the assets of the firm and ceasing all business operations.
Explanation:
In the chapter of Bankruptcy, chapter 7, the firm Gigantic Furniture is going to have its annual " Going Out of Business Sale". Now if the Gigantic Furniture is filing under the Chapter 7, it will not be back for the next year for an another going out of the business sale because Gigantic Furniture is selling off all of its assets and ceasing all its business operations.
Answer: Sky's effective interest rate on this loan is 8.39%.
In this question, we assume that interest is compounded annually.
Since Sky issues a non-interest bearing note, Star Finance will deduct 7 months' interest at 8% on the Face Value of the loan and pay the rest as principal to Sky.
Face value of the note $16 million
Discount Rate p.a 8%
Tenure of the note 7 months
![Discount on Note = Face Value * Discount Rate * \frac{Tenure in months}{Months in a year}](https://tex.z-dn.net/?f=Discount%20on%20Note%20%3D%20Face%20Value%20%2A%20Discount%20Rate%20%2A%20%5Cfrac%7BTenure%20in%20months%7D%7BMonths%20in%20a%20year%7D)
![Discount on Note = 16 * 0.08 * \frac{7}{12}](https://tex.z-dn.net/?f=Discount%20on%20Note%20%3D%2016%20%2A%200.08%20%2A%20%5Cfrac%7B7%7D%7B12%7D)
![Discount on Note = 0.746666667million](https://tex.z-dn.net/?f=Discount%20on%20Note%20%3D%200.746666667million)
[tex]Loan Amount received by Sky = Face Value - Discount on note[/tex]
![Loan Amount received by Sky = 16 - 0.746666667](https://tex.z-dn.net/?f=Loan%20Amount%20received%20by%20Sky%20%3D%2016%20-%200.746666667)
![Loan Amount received by Sky = 15.25333333 million](https://tex.z-dn.net/?f=Loan%20Amount%20received%20by%20Sky%20%3D%2015.25333333%20million)
So, Sky pays an interest of 0.746666667 on a sum of 15.25333333 for 7 months. This works out to a seven month interest of:
![Seven month Interest Rate = \frac{Interest}{Loan amount}](https://tex.z-dn.net/?f=Seven%20month%20Interest%20Rate%20%3D%20%5Cfrac%7BInterest%7D%7BLoan%20amount%7D)
![Seven month Interest Rate = \frac{0.746666667}{15.25333333}](https://tex.z-dn.net/?f=Seven%20month%20Interest%20Rate%20%3D%20%5Cfrac%7B0.746666667%7D%7B15.25333333%7D)
![Seven month Interest Rate = 0.048951049](https://tex.z-dn.net/?f=Seven%20month%20Interest%20Rate%20%3D%200.048951049)
From this we can work out the effective interest rate for Sky as follows:
![Sky's Effective Interest Rate = Seven month interest rate * \frac{12}{7}](https://tex.z-dn.net/?f=Sky%27s%20Effective%20Interest%20Rate%20%3D%20Seven%20month%20interest%20rate%20%2A%20%5Cfrac%7B12%7D%7B7%7D)
![Sky's Effective Interest Rate = 0.048951049* \frac{12}{7}](https://tex.z-dn.net/?f=Sky%27s%20Effective%20Interest%20Rate%20%3D%200.048951049%2A%20%5Cfrac%7B12%7D%7B7%7D)
![Sky's Effective Interest Rate = 0.083916084](https://tex.z-dn.net/?f=Sky%27s%20Effective%20Interest%20Rate%20%3D%200.083916084)
not sure but I think the answer is b.
Have a good day uwu
The answer is yes shipments should be consolidated as the cost is $210 lower with consolidation.
For each item cost is
=(13000*17)/100+(9000*17)/100+(10000*17)/100
=2210+1530+1700
=5440
While shipping costs will be
=((13000+9000+10000)*14/100)+(250*3)
=4480+750
=5230
The total difference is
= (5440-5230)
=210
Now we can say that the cost is $210 lower with consolidation.
To learn more about consolidation please click on the link given: brainly.com/question/29095432
#SPJ4
The source of energy during the energy investment phase of Glycosis are two ATP molecules.
Explanation:
During the energy investment phase of glycolysis , the energy source comes from two ATP molecules which then results in the formation of the two molecules of glyceraldehyde phosphate.
The two molecules of glyceraldehyde phosphate are then used for the second process of glycosis in which energy is emanated and not invested.
Glycosis is the process that is characterized by the breakdown of enzymes into smaller molecules and constituent elements.