Creditor claims are divided into classes and the highest class must be satisfied in full before going to the next category
Indicate whether the statement is true or false
True
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How can an organization direct a Twitter tweet to a select group of follows?
A) By adding a hashtag B) By adding an "@" symbol C) By setting up separate Twitter accounts for each user group D) By embedding links into the Twitter feed E) By asking select followers to retweet messages
Sparrow Co is currently operating at 80% of capacity and is currently purchasing a part used in its manufacturing operations for $8 a unit. The unit cost for Sparrow Co to make the part is $9, which includes $.60 of fixed costs. If 4,000 units of the part are normally purchased each year but could be manufactured using unused capacity, what would be the amount of differential cost increase or
decrease for making the part rather than purchasing it? A) $12,000 cost decrease B) $4,000 cost increase C) $20,000 cost decrease D) $1,600 cost increase
Which of the following would be a capital investment?
a. a $5 million piece of heavy machinery b. an investment in T-bills c. all available cash d. retained earnings e. owners’ financial leverage
Shoe Sunshine, Inc filed for bankruptcy protection under Chapter 11 and submitted a plan of reorganization within 120 days after filing for relief. Two of the classes of creditors voted against the plan. However, the bankruptcy judge considered the plan to be reasonable, achievable, and fair, and approved it in spite of these creditors' objections. This action by the judge is called a "cramdown."
a. True b. False Indicate whether the statement is true or false