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pav-90 [236]
4 years ago
15

Known popularly by its section in the Federal Bankruptcy Code, which of the following types of bankruptcy is the traditional for

m of bankruptcy wherein the court simply liquidates the assets of the debtor and distributes the proceeds to creditors in proportion to their share of total claims?
Business
1 answer:
Step2247 [10]4 years ago
6 0

Answer:

Chapter 7 bankruptcy

Explanation:

Chapter 7 bankruptcy is the most common type of bankruptcy filing and it can be filed by individuals, partnerships or corporations (anyone can do it). It is also the quickest and simplest form of bankruptcy filing. But if you are an individual, in order to qualify for Chapter 7 bankruptcy you must earn less than the median state income. Many people choose Chapter 7 bankruptcy since they can get to keep all or almost all of their property.

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Suppose your firm receives a million order on the last day of the year. You fill the order with million worth of inventory. The
s344n2d4d5 [400]

Answer:

a. Revenues - These will increase by $5 million to represent the entire value of the order.

b. Earnings. - Increase by $3 million

Earnings in this case are revenue less the cost of inventory which will be;

= 5 - 2

= $3 million

c. Receivables - Increase by $4 million

The customer paid $1 million upfront which means that they still owe $4 million out of the $5 million. This will go to the receivables account to show that the customer owes the business.

5 0
3 years ago
Brainliest and 40 pts!!! Does my answer work for this question?
anyanavicka [17]

You don't need to cha Change a thing, that will be the best move if I were to be in your position

6 0
2 years ago
It costs Bonita Industries $12 of variable and $5 of fixed costs to produce one bathroom scale which normally sells for $35. A f
Serga [27]

Answer:

There will be an increase of $6,200 , If the special order is accepted

Explanation:

For computing the net income effect first we have to find out the net income per scale which is a difference between offer purchase price and variable cost per unit

In mathematically,

Net income = Offer purchase price - variable cost per unit

where,

Offer purchase price is $35

And, the variable cost is $12 per unit plus it incur special shipping charges which is also a part of the variable cost.

So, total variable cost = variable cost per unit + Special shipping charges per scale

=  $12 + $1

= $13

So, Net income is

= $15 - $13

= $2 per unit

Now for producing the 3100 scales, the net income should be multiply with the production unit

= Net income × Production unit

= 3,100 × 2

= $6,200

Fixed cost is fixed whether the production level changes or not. Thus, it is not be considered.

Hence, there will be an increase of $6,200 , If the special order is accepted

6 0
3 years ago
Which government action is used to limit the amount of scarce goods citizens can buy during wartime?
Charra [1.4K]

The government’s action that they use in limiting the amount of scarce of goods for citizens to buy during the wartime is rationing. Rationing is an action or process of having a person to have a limited or fixed amount in which in goods—they can only have or brought a limited amount of goods.

7 0
3 years ago
Andrew wants to play baseball with his friends. Before Andrew can play, his parents tell him that he has to clean his room, whic
Dafna1 [17]

Answer: b) The Premack Principle

Explanation:

Premack principle is the reinforcement method in which high probable behavior, attitude or activity is used to reinforce less expected behavior or act.This intends to make a person involved in less expected activities through more likely reinforcer act.

According to the question,Andrew's parent s are using premack principle by asking him to clean his room which is less -expected activity through high expect activity of playing.

Other options are incorrect because escaping attitude,punishment or positive reinforcement are not the reinforcement process to reinforce low probable behavior through  high probable behavior.Thus, the correct option is option(b).

7 0
3 years ago
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