Under the Bankruptcy Code, exemptions are only available to ________.

A. corporations
B. nonprofit organizations
C. individual debtors
D. loan associations


Answer: C

Business

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Which of the following is NOT typically shown as a separate column in a cash receipts journal that uses the perpetual inventory system?

A) Interest Revenue CR column B) Cost of Goods Sold DR, Merchandise Inventory CR column C) Sales Revenue CR column D) Sales Discounts Forfeited CR column

Business

Carter Corporation has a target return of 15%. If a prospective investment has an estimated return on investment of 20%, and a residual income of $10,000, what is the estimated cost of the investment?

a. $200,000 b. $ 66,667 c. $ 50,000 d. The answer can't be determined from this information.

Business

A blueprint specifies in detail how a service process should be constructed

Indicate whether the statement is true or false

Business

The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) is an agency within the ________ that enforces laws, develops regulations, and is responsible for tax collection for the liquor industry.

A. Department of Commerce B. Better Business Bureau C. Department of Internal Affairs D. Treasury Department E. Food and Drug Administration

Business