Jake, a businessman, filed for bankruptcy and was declared insolvent by the courts. He owed $15,000 each to two creditors and $5,000 each to two others. The courts also decreed that he should sell his house worth $30,000, to pay his debts. Which of the following is legally permissible in this scenario?
A) ?After selling his house, Jake will pay the creditors on a pro-rata basis
B) ?After selling his house, Jake will pay whomsoever he chooses.
C) ?After selling his house, Jake will pay the creditors he owes the maximum amount of money to.
D) ?After selling his house, Jake will pay the creditors he owes the least amount of money to.
A
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Public relations builds good relations with a firm's publics by
A) offering consumers sales incentives to buy products. B) creating advertising messages on behalf of sponsors. C) researching and developing products consumers really want. D) communicating only when unfavorable news surfaces. E) obtaining favorable publicity and developing a positive corporate image.
The factor that differentiates flexible factories from traditional factories is that flexible factories
A. tend to focus on multiple products at a time. B. organize work flow around products. C. move large orders through assembly lines. D. avoid decentralized scheduling. E. have relatively longer production runs.
Explain how differential pricing can benefit a firm
What will be an ideal response?c
Total cash receipts for Zinc Corporation in a month is $15,000 and total cash disbursements in a month is $10,000. Which of the following is true about Zinc's cash position if it aims to maintain minimum cash balance of $8,000??
A. ?Zinc has surplus cash of $8,000. B. ?Zinc has a cash shortfall of $3,000. C. ?Zinc has surplus cash of $6,000. D. ?Zinc has a cash shortfall of $23,000. E. ?Zinc has surplus cash of $20,000.