What is the principle of absolute priority?
What will be an ideal response?
When a company is liquidated, creditors receive distributions based on the absolute priority rule to the extent that assets are available. The absolute priority rule is the principle that senior creditors are paid in full before junior creditors are paid anything. For secured creditors and unsecured creditors, the absolute priority rule guarantees their seniority to equity holders. In liquidations, the absolute priority rule generally holds. In contrast, there is a good body of literature that argues that strict absolute priority has not been upheld by the courts or the SEC. Studies of actual reorganizations under Chapter 11 have found that the violation of absolute priority is the rule rather the exception.
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Explaining how your general potential fits the specific needs of a position is done how?
A) Using industry jargon and buzzwords B) Researching companies and industries on job boards C) Networking D) Visiting trade shows E) Customizing the résumé to each specific opening
Net income plus interest expense divided by average total assets is the formula for which of these analytical measures?
a. price-earnings ratio b. inventory turnover c. rate earned on total assets d. number of days' sales in inventory
A product-oriented layout
a. improves coordination among operations. b. reduces work in process inventory. c. All of these choices. d. reduces lead time.
Common Stock Dividend Distributable is a liability account.
Answer the following statement true (T) or false (F)