Which of the following is true of a Chapter 13 petition?
A) It can be filed by all individual debtors, irrespective of their income.
B) The petitioner need not demand an extension or composition.
C) To qualify for Chapter 13, the debts must primarily be consumer debt.
D) Creditors can file a Chapter 13 petition claiming payment from a debtor.
C
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Which of the following best describes the tort of battery?
A. unauthorized and harmful or offensive physical contact with another person that causes injury B. an action that arouses reasonable apprehension of imminent harm C. oral or written defamation of another person's character D. intentional confinement or restraint of another person without that person's consent
List four of the six reasons for business globalization.
What will be an ideal response?
Chapter 11 of the United States Bankruptcy Code allows a ________
A) portion of a debtor's earnings to be paid into court for distribution to creditors over a period of three years B) business to reorganize and continue to function while it is arranging for the discharge of its debts C) portion of a debtor's homestead exemption to be paid into court for distribution to creditors over a period of five years D) debtor to turn over all assets to a trustee who sells the nonexempt assets and distributes the proceeds to creditors
Activities in the Sargent Corporation's Assembly Department for the month of March follow: PercentComplete UnitsMaterialsConversionWork-in-process inventory, March 17,00070%35%Started into production during March66,000 Work-in-process inventory, March 315,00045%30% Using the weighted-average method, the equivalent units for conversion for March would be:
A. 69,500 B. 67,500 C. 68,000 D. 71,000