Which of the following statements is correct concerning the voluntary filing of a petition of bankruptcy?
a. If the debtor has 12 or more creditors, the unsecured claims must total at least $15,325.
b. The debtor must be solvent.
c. If the debtor has less than 12 creditors, the unsecured claims must total at least $15,325.
d. The petition may be filed jointly by spouses (AICPA adapted).
.D
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Logsdon Corporation produces and sells a single product whose contribution margin ratio is 63%. The company's monthly fixed expense is $720,720 and the company's monthly target profit is $28,000. The dollar sales to attain that target profit is closest to:
A. $1,188,444 B. $1,144,000 C. $471,694 D. $454,054
The order of the steps in the SAP R/3 production planning process are:
a. Sales Forecasting, Demand Management, Purchasing, Sales and Operations Planning, MRP, Detailed scheduling, Production b. Sales Forecasting, Demand Planning, Detailed scheduling, Purchasing, Demand Management, MRP, Production c. Sales and Operations Planning, Sales Forecasting, MRP, Purchasing, Demand Management, Detailed scheduling, Production d. Sales Forecasting, Sales and Operations Planning, Demand Management, MRP, Purchasing, Detailed scheduling, Production
The expression that best describes the long run balance between spot exchange rates and prices is
A) P = k × P* × S. B) S = k × P. C) S = k × P*. D) P = k × (S + P*).
Is intensive distribution a prerequisite for gaining experience? Discuss.
What will be an ideal response?