Gem Jewelers files a voluntary petition for bankruptcy. In listing its as-sets, Gem in-tentionally does not include certain valuable stones. After Gem is granted a discharge, Hasty Catering, one of Gem's unsecured creditors whose claims were discharged, learns of the fraud. Hasty can
A) do nothing
B) enforce its claim against Gem.
C) file an involuntary petition for bankruptcy against Gem.
D) take possession of the stones with or without a breach of the peace.
B
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A ________ is a long-term strategy with a 3- to 5-year time horizon and specific performance objectives
A) tactical marketing plan B) workhorse plan C) marketing mix strategy D) vertical integration strategy E) strategic market plan
The Trey Co sells $75,000 of accounts receivable to a factor and receives 90% of the value of the factored accounts less a 15% commission based on the gross amount of factored accounts receivable. After the journal entry to record this factoring transaction is made, Trey Co's total assets will be
A) reduced by $67,500. B) reduced by $7,500. C) reduced by $11,250. D) increased by $41,000.
A retailer's magazine advertising campaign builds an image of elegance and high fashion, yet the store's sales promotions emphasize low prices. Because of the inconsistencies, consumers are left confused about the retailer's image and tend to shop elsewhere. What should the store manager do to resolve the problem of inconsistency with the communication mix?
A. The manager should re-train associates to support the image of elegance and fashion. B. The manager should develop an integrated marketing communication program. C. The manager should reduce the prices of the products across all categories. D. The manager should imitate the communication programs of successful competitors. E. The manager should re-examine the elements of the mix that can be eliminated.
The amount for the Dividends account will appear in the Income Statement columns of a work sheet
Indicate whether the statement is true or false