Describe the role of a trustee in bankruptcy proceedings.
What will be an ideal response?
A trustee is appointed in Chapters 7 and 13 bankruptcies. In Chapter 7, the role of the trustee is to gather the debtor's assets and liquidate them to cash. The trustee also has the duty of preserving the interests of both debtor and creditors. The trustee may void improper transfers and contractual obligations in order to protect both the creditors and the debtors. In Chapter 13, the trustee takes payments from the bankrupt party and distributes them to the creditors pursuant to the repayment plan. The trustee may also void improper transfers should any be discovered.
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At KARLEE, the strategic direction of the company is set by
a. mid-level executives b. the president c. a committee d. SELs (Senior Executive Leaders)
The following sentences may have misspelled words or incorrect punctuation. Make all corrections that are needed. If a sentence is correct as it is now written, write "Correct" by it
Tom Bart, Dean of the college, will speak with Mayor McDonald.
Factors such as the increasing number of women in the workforce and the growing number of older workers exemplify which force for change outside the organization?
What will be an ideal response?
Exhibit 7B-1 Present Value of $1; 
Manjarrez Corporation has provided the following information concerning a capital budgeting project: Investment required in equipment$240,000 Expected life of the project 4 Salvage value of equipment$0 Annual sales$560,000 Annual cash operating expenses$430,000 The company's income tax rate is 30% and its after-tax discount rate is 6%. The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company takes income
taxes into account in its capital budgeting. Use Exhibit 7B-1 to determine the appropriate discount factor(s) using table. The net present value of the entire project is closest to: A. $196,000 B. $377,685 C. $210,450 D. $137,685