Which of the following may indicate concealment of assets during a bankruptcy?
a. Large transfers of assets to related parties or individuals
b. Rapid reduction in assets
c. Missing, inaccurate, or damaged documents
d. All of the above
d
FEEDBACK: a. Incorrect. This answer is correct, but it is not the only correct answer listed.
b. Incorrect. This answer is correct, but it is not the only correct answer listed.
c. Incorrect. This answer is correct, but it is not the only correct answer listed.
d. Correct. All of the above are ways companies or individuals can conceal assets.
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What is the most likely benefit of using indirect denial to handle a prospect's concerns?
A) identifying the main concerns of the prospect B) showing respect for the prospect's opinion C) countering inaccurate information D) resolving the issue conclusively E) preventing price resistance
The production budget is derived from the sales budget and the company's desired inventory levels.
Answer the following statement true (T) or false (F)
Answer the following statement(s) true (T) or false (F)
1. The balanced scorecard is a means of measuring strategic organizational performance that gives managers a chance to look at their company from the perspectives of stakeholders, including external customers, employees, and shareholders. 2. The Civil Rights Act, Title VII, is the 1964 federal legislation prohibiting illegal discrimination in employment based on individuals’ race, sex, religion, or national origin. 3. Equal employment opportunity (EEO) is the condition in which all individuals have an equal chance for employment, regardless of their race, color, religion, sex, age, disability, or national origin, as established in federal legislation and the U.S. Constitution and its Amendments (13 and 14). 4. The Family and Medical Leave Act (FMLA) is the federal legislation that requires organizations with 50 or more employees to provide up to 12 weeks of paid leave after childbirth or adoption, to care for a seriously ill family member, or for an employee’s own serious illness. 5. The Occupational Safety and Health Act (OSHA) is a law that authorizes the federal government to establish and enforce occupational safety and health standards for all places of employment affecting interstate commerce.
Recently, Ohio Hospitals Inc. filed for bankruptcy. The firm was reorganized as American Hospitals Inc., and the court permitted a new indenture on an outstanding bond issue of face value $1,000 to be put into effect. The issue has 10 years to maturity and a coupon rate of 10 percent, paid annually. The new agreement allows the firm to pay no interest for five years. Then, interest payments will be resumed for the next five years. Finally, at maturity (Year 10), the principal plus the interest that was not paid during the first five years will be paid. However, no interest will be paid on the deferred interest. If the required return is 20 percent, what should the bonds sell for in the market today?
A. $242.26 B. $281.69 C. $578.31 D. $362.44 E. $813.69