Your employer is facing serious financial problems. He has determined that he wants to have temporary relief from creditors, to reorganize, and to work out a payment plan. He would file bankruptcy under:
a. Chapter 11
b. Chapter 7
c. Title 11
d. Title 7
e. Chapter 13
a. Chapter 11
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Which of the following is true regarding the ticketing and marking process?
A. It refers to marking off inventory that has been removed from the retailer's shelves. B. It is more efficient for a retailer to perform these activities in its storeroom. C. It is more efficient for a retailer to perform these activities at a distribution center than in its stores. D. The retailer should never consider having the vendor ship floor-ready merchandise. E. It is more efficient to perform this task when the product is in the store aisles and ready to be shelved.
Laramie Co. paid $800,000 for a purchase that included land, building, and office furniture. An appraiser provided the following estimates of the market values of the assets if they had been purchased separately: Land, $100,000, Building, $740,000, and Office Furniture, $160,000. What is the cost that should be allocated to the land?
A. $100,000 B. $80,000 C. $70,000 D. $107,000
The first unit of a product took 832 hours to build, and the learning curve is 75%. How long will it take to make the 10th unit? (Use at least three decimals in the exponent if you use the formula approach.)
A) less than 250 hours B) from 251 to 275 hours C) from 276 to 300 hours D) from 301 to 325 hours E) 325 or more hours
McGrath's produces and sells two types of t-shirts—Fancy and Plain
The company provides the following data: Budget Actual Unit sales price-Fancy $24 $25 Unit sales price-Plain $18 $17 Unit sales-Fancy 1,300 1,250 Unit sales-Plain 900 875 Compute the flexible budget variance for Fancy t-shirts for sales revenue. What will be an ideal response