Urban Fashions, a company based in Houston that produces women's clothing, employs melissa price in its sales team. Melissa is getting ready for a first encounter with a wholesaler who could become a client. She is gathering as much information about her potential client and his business as she can. Melissa's personal selling process is currently at the preapproach stage. attracting qualified leads, and providing evidence.
Why is Preapproach important?The salesperson can gain the most thorough understanding of the prospects' needs and requirements through pre-approach. The salesperson's familiarity with the prospects is greatly increased by pre-approach.Whether you are meeting with a new customer—a target account—or an existing customer—one of your key accounts—the preapproach is an essential step that aids you in gaining your customer's trust and selling adaptably. Knowing the goals of the meeting is important before you make your sales call.To Learn more About preapproach stage refer to:
https://brainly.com/question/28100689
#SPJ4
a quantity variance is blank . multiple choice question. based only on the actual quantity of inputs based only on the standard quantity of inputs calculated using the standard price of the input calculated using the actual price of the input
A amount variance is calculated the usage of the usual charge of the input.
The required details for Quantity variance in given paragraph
Quantity variance is a size you may use to research the distinction among what you anticipate to use (popular amount) and what you honestly use (real amount) within side the manufacturing process. Standard gadgets are estimates primarily based totally at the payments for substances or supplies. Companies create budgets to assist music desires and enhance performance. Budgets are key to managers in organizing benchmarks and being capable of degree enhancements. One manner groups use budgets to degree enhancements is through measuring the amount variances. A amount variance is the distinction among the real utilization of some thing and its anticipated utilization.
For example, if a popular amount of 10 kilos of iron is wanted to assemble a widget, however eleven kilos are honestly used, then there may be a amount variance of 1 pound of iron.
To know about Quantity variance click here
https://brainly.com/question/15083738
#SPJ4
FILL IN THE BLANK. In ____ auctions, one buyer wants to purchase a product or service; these auctions result in ____ prices over time
In forward, auctions, one buyer wants to purchase a product or service; these auctions result in higher prices over time.
A customer is an person or enterprise that purchases every other company's items or services. Customers are critical due to the fact they power revenues; without them, corporations cannot maintain to exist.
People purchase merchandise or services primarily based totally on emotional desires or wants, after which justify their buy logically. So, withinside the qualifying section of the income technique you want to discover what the preferred effects are your prospect is seeking.
A product is a tangible object this is positioned available in the marketplace for acquisition, attention, or consumption, whilst a provider is an intangible object, which arises from the output of 1 or extra individuals.
Learn more about product here:
https://brainly.com/question/25922327
#SPJ4
The Victorinox Swiss Army Company is well known for their Swiss Army Knives. The company also makes and markets watches, travel gear, cutlery and even fragrances. This represents a ____ strategy.
a. co-branding b. brand dilution c. brand repositioning d. brand extension
The Victorinox Swiss Army Company is representing a brand extension strategy. So the correct answer is D.
It is when a company uses one of its established brand names on a new product or new product category. It's sometimes known as brand stretching. The strategy behind a brand extension is to use the company's already established brand equity to help it launch its newest product.
Why Victorinox is representing brand extension strategy?
Here, Victorinox already famous for making a swiss army knives. Using the brand well established popularity, the company wants to enter new market segment. As we can see from the question above, the company who specialize of making swiss army knives, is trying to make watches, travel gear, cutlery, even fragrances. From these new products, we can say that it's almost nothing to do with swiss army knives. Yet, using the company popularity brand, the company will able to sell these products and therefore it is categorized as a brand extension strategy that the victorinox uses.
Learn more about brand extension https://brainly.com/question/12436812
#SPJ4
which one of the following statements is correct with respect to the u.s. property-casualty insurance market?
A. It is immature.
B. It functions perfectly.
C. It is cyclical.
D. It meets all consumer needs.
Answer:
C. It is cyclical.
The Correct answer is Cyclical
Who is the most senior it executive that managers the it department and is seen as the executive who can successfully lead the organization in its efforts to apply it to advance its strategies
During the primary of those phases, the initiation part, the project objective or want is identified; this could be a business drawback or chance.
Business skills are needed to grasp however IT is applied to business things and to make sure that the IT delivers real business worth. Analysts are continuous drawback solvers at each project and also the structure level, and they place their analytical skills to take a look at often.
A post-project review is a very important tool project managers will use at the top of a project. when organizing and implementing a project, managers will use the review to research the team's method to form suggestions for future comes. within the review, team members compare the planned results with the particular results.
To learn more business skills, visit here
https://brainly.com/question/15296793
#SPJ4
what supports back-office operations and strategic analysis and includes all systems that do not deal directly with the customers?
The analytical CRM is a tool that helps and supports in the operation related to the back-office and strategic analysis, and furthermore includes the systems that do not have a direct relation to the customers of an organization.
Analytical CRM can be referred to or considered as a tool that has been created as a form of computer software. It is utilized for leading to a creation of analytical tools related to how the customers of an organizations have experienced in their interactions with the products or purchases. It is helpful in the process of customer analysis.
Learn more about the analytical CRM here:
https://brainly.com/question/13100608
#SPJ4
What are the 3 functional areas of incident command?.
The three functional areas of incident command are Logistics, Planning, and Administration/Finance.
Incident commands and operations are primarily supported by three internal (within ICS) sections. Logistics, planning, management and finance. However, for large or complex incidents, the Incident Command may require additional support from entities outside the responsibility/authority of ICS.
What are the functional areas of the operations management system?ICS has established five functional areas for managing major incidents. Command, Operations, Planning, Logistics, Finance/Management. Strictly follow the span of control recommendations to avoid unnecessarily large organizational structures.
What are the main functions of Operations Center?ICS provides guidelines for organizing resources to respond to incidents (system description) and processes for managing the response in a series of phases (operational concept).
Learn more about incident command :
brainly.com/question/879889
#SPJ4
The Consumer Price Index (CPI) is constructed by:
a. estimating the prices of goods and services in the economy at the same rate as the cost of living increases.
b. comparing the value of a "market basket" of goods that consumers typically purchase to the value of the basket in a base year.
c. comparing the value of a "market basket" of goods that consumers typically purchase to the value of the basket in cities around the country.
d. averaging all prices of goods and services in the economy.
CPI is a measure of the price level in an economy. It is calculated as a ratio of expenditures of goods in a market basket in a given year and the expenditure of the same basket in a base year.
The Consumer Price Index (CPI) is Comparing the value of a market basket of goods that consumers typically purchase to the value of the basket in a base year.
What does "Consumer Price Index" mean?
Inflation is measured using the consumer price index (CPI). It is used to calculate the typical change in home product price between two specified periods.
It is an overall assessment of product pricing trends while maintaining quality.
What occurs when the CPI rises?
A rise in the CPI indicates that there has been an increase in the average change in price over time.
Changes in the cost of life and income eventually result from this (presumably so that income is adjusted to meet a higher cost of living). Indexation is the name given to this procedure.
Learn more about Consumer Price Index (CPI)
brainly.com/question/8416975
#SPJ4
What is the importance of having the correct location of your business?.
The greatest employees are hard to find and keep, and many are quite particular about where they work in order to achieve the balance ideal work-life
Why is location important in business ?
The effort done by project managers and developers to create the finished product is referred to as labour in the software business. It is considered work for an artist to create something, whether it be a painting or a symphony. Labor was the main source of economic value according to the early political economists. Production workers receive wages for their time and labour, and these rates vary according to their training and expertise. Untrained and illiterate labour is frequently compensated at low rates. Because they provide more than their physical capacity, skilled and trained workers are referred to as "human capital" and are compensated more.
To know more about location click on the link below:
https://brainly.com/question/13908178
#SPJ4
According to the article, the right and wrong ways to manage up, what percentage of companies spent more than $1,000 a person annually to train senior leaders?.
The article does not provide information about the percentage of companies that spent more than $1,000 a person annually to train senior leaders.
What is company?
In order to conduct as well as manage a business enterprise, be it commercial or industrial, a group of people form a company. For tax but also financial liability reasons, a company may well be set up in a variety of ways depending on the corporate law of the its jurisdiction. A company's decision regarding its business structure—partnership, sole proprietorship, or corporation—is frequently influenced by the sector it serves. These structures also reveal the ownership company structure. They can distinguish between private and public companies as well. Both have unique ownership structures, legal frameworks, and financial reporting regulations.
To learn more about company
https://brainly.com/question/28143339
#SPJ4
true or false: an overhead variance report can be used to help management identify individual overhead costs to investigate.
Answer:
true
Explanation:
mitchell co. has $2.3 million of debt, $3 million of preferred stock, and $1.2 million of common equity. what would be its weight on debt? 0.41 0.35 0.37 0.51
The combination of Debt & Equity refer to Capital Employed which is $6.5 million (2.3+1.2+3) during the period. The weight of debt in CE is 0.35. Option B is correct.
What is the meaning of Debt and Equity?Debt : It is long term capital source to finance a project undertaken by the company or it is source of fund in the capital structure of an company taken from Bank / financial institution outsider or lenders in view to make investments for the development of the company.
whereas
Equity: Equity refers to a financial instrument or fund raised from the shareholders of the company to meet out the capital expenditure of an organization. It includes preferred stock with special rights and common equity raised from equity shareholders.
The capital structure where all sources of fund maintain is a combination of Debt & Equity.
Thus weight of Debt is 0.35 { Debt / (Debt + Preferred stock + common stock)}
To know more about Debt and Equity refer:
https://brainly.com/question/29328670
#SPJ1
Suppose that using the centroid method you found the best location for a communications tower. The location happens to be in the middle of a pond. Then, you should locate the tower.
Using centroid method, You should locate the tower after considering qualitative factors like geography, roads and utilities to help find the exact location.
What is centroid method?Employing the centroid approach, businesses can locate locations used for manufacturing and other production-related activities. The ultimate goal of this strategy is to use mathematical formulations to decrease profit-related shipping costs, shipment times, or both. You must first decide which existing facilities will be mapped against the new one in order to properly use the centroid approach. Map the coordinates of these facilities on a two-dimensional grid, such as graph paper, or with a similar software mapping system.
To learn more about centroid method, visit:
brainly.com/question/29107689
#SPJ4
a hotel has 200 rooms. if, on a given day, 150 rooms are occupied, which number represents the utilization of hotel rooms?
75% represent the utilization of hotel rooms.
Given in the Question:
Total number of rooms = 200
Number of rooms occupied = 150
Number of rooms unoccupied = 200 - 150 = 50
Now, we have to find the utilization of the hotel rooms,
We will use:
Utilization of hotel rooms = Number of rooms occupied / Total number of rooms × 100
Utilization of hotel rooms = 150 / 200 × 100
Utilization of hotel rooms = 75%
To Learn more about Utilization of hotel rooms questions:
https://brainly.com/question/14452862
#SPJ4
madrid company plans to issue 9% bonds with a par value of $5,600,000. the company sells $5,040,000 of the bonds at par on january 1. the remaining $560,000 sells at par on july 1. the bonds pay interest semiannually on june 30 and december 31. record the entry for the first interest payment on june 30. record the entry for the july 1 cash sale of bonds.
Madrid company plans to trouble nine% bonds with a par fee of $five,600,000. the company sells $5,040,000 of the bonds at par on January 1. Bonds Payable $560,000 (to report the issuance of bonds).
Date debts name Debit credit
30-Jun hobby cost ($5040000 x 9% x 6/12) $226,800
coins $226,800
(the first hobby paid)
01-Jul cash $560,000
Bonds Payable $560,000
(to record issuance of bonds)
Income is sports-related to selling or the number of goods sold in a given targeted time period. The delivery of a service for a fee is also considered a sale.
Learn more about sales here
https://brainly.com/question/25586322
#SPJ4
marcus has a $150,000 7.5% mortgage. his monthly payment is $1,010.10. his first payment will reduce the principal to an outstanding balance of
If Marcus has a $150,000 7.5% mortgage. his monthly payment is $1,010.10. his first payment will reduce the principal to an outstanding balance of $149,927.40.
How to find the reduction in principal amount ?Interest rate for 1 month = (7.5/12)%
Interest rate for 1 month = 0.635%
Outstanding balance = Beginning outstanding balance + (Interest rate × Beginning outstanding balance)
Outstanding balance = 150000 + (0.625% × 150000)
Outstanding balance = 150000 + 937.5
Outstanding balance = $150937.5
Reduction in principal amount = Outstanding balance - First monthly payment
Reduction in principal amount = $150937.5 - 1010.10
Reduction in principal amount = $149,927.40
Therefore the reduction in principal amount is $149,927.40.
Learn more about reduction in principal amount here:https://brainly.com/question/25720319
#SPJ1
after abby graduated from college last year, her uncle created an accounting position for her in his business. her older brother is in charge of purchasing inventory for the store, yet often the store runs out of popular items or is overstocked with products that must be marked down to be sold. abby is confident that her brother is more suited for handling accounting and finance, while she has a sense of what sells and how much sells. although she has spoken with her uncle about it a couple of times, he seems reluctant to change. as the founder of the business, he may multiple choice find it difficult to remove family members from positions, even if it is not good for the business. find it difficult to retrain abby for the job, and even though his business is losing opportunities, he will stay the course. know that profit margins have declined, but he doesn't care. have a bigger picture of things, and not feel the need to respond to a family member's request.
He may, "Find it difficult to remove family members from positions, even if it is not good for the business."
When a family member hires close relatives or friends, they frequently do not want to let them go. They aim to keep family disputes at bay because they can interfere with corporate operations. The function of the brothers in the company should be altered by Abby's uncle so that it may operate more efficiently and avoid having unsold inventory.
The brother might wish to switch roles, but he is hesitant to ask the uncle for fear that he would become angry. The best course of action in this kind of circumstance is to convene a family or business meeting, discuss the various duties, and then simply ask if anyone would like to switch roles in the company.
To learn more about Business here:
https://brainly.com/question/14615238
#SPJ
fairweather corporation purchases merchandise on terms of 2/15, net 40, and its gross purchases (i.e., purchases before taking off the discount) are $800,000 per year. what is the maximum dollar amount of costly trade credit the firm could get, assuming it abides by the supplier's credit terms? (assume a 365-day year.)\
If the company follows the supplier's credit terms, the most expensive trade credit the company might receive is $56,699.
First step
Net purchases = $800,000 × (1 − 2 %)
= $800,000 × 98%
= $784,000
Second step
Net per day = $784,000/365
= $2,147.95
Third step
Total trade credit = Net days × Net per day
= 40 × $2,147.95
= $85,918
Fourth step
Free credit = Net per day × Discount days
= $2,147.95 x 15
= $32,219
Fifth step
Costly credit = Total credit − Free credit
= $85,920 - $32,219
= $53,699
In conclusion, If the company complies with the supplier's credit requirements, the greatest amount of expensive trade credit it might obtain is $56,699.
To learn more about trade credit
https://brainly.com/question/28940561
#SPJ4
in a saledate field, you can display dates as 03-jan-21, for example, by selecting medium date as the property.
In a sale date field, you can display dates as 03-Jan-21, for example, by selecting a medium date as the formal property.
To cover a question area in getting admission, open the query that contains the field to cover from the end result set in the query layout view. Then, in the QBE Grid, uncheck the checkbox in the “show” row of the field you want to cover.
Get the right of entry to automatically present the date and time in the fashionable Date and long-term codecs. The dates appear as, mm/dd/yyyy within the U.S. and as, dd/mm/yyyy outdoors the U.S. in which mm is the month, dd is the day, and yyyy is the yr.
Learn more about the formal property here https://brainly.com/question/1542520
#SPJ4
A person, age 78, is confined to a custodial nursing home. Which of the following programs is/are likely to pay benefits towards the cost of the nursing home? Medicare may pay for up to 100 days of care after a 20-day deductible. Long-term care insurance may pay part if coverage of the facility type is broad enough. Private medical insurance may pay part if it is a comprehensive major medical policy. Medicaid may pay if the client has income and assets below state thresholds. a. 4 b. 1 & 3 c. 2 & 4 d. 1, 2 & 3
The programs which are likely to pay benefits towards the cost of the nursing home is Statement 1 & 3.
Initiated in 1965 by the Social Security Administration and currently run by the Centers for Medicare and Medicaid Services, Medicare is a government-sponsored universal health insurance program in the United States. In addition to certain younger persons with disability status as established by the SSA, such as those with end-stage renal illness and amyotrophic lateral sclerosis (ALS or Lou Gehrig's disease), it primarily offers health insurance for Americans 65 and older.In addition to these two possibilities, recipients must also pay for various healthcare-related expenses even if they decide not to take any action. Deductibles and co-pays, uncovered services such as long-term custodial, dental, hearing, and vision care, annual physical exam costs (for those not enrolled in Part C health plans that include physicals), and expenses associated with basic Medicare's lifetime and per-incident limits are a few examples of these additional costs. Co-pays and deductibles, a special payroll tax, beneficiary premiums and surtaxes, general U.S. Treasury revenue, and beneficiary premiums and surtaxes all contribute to the funding of Medicare.Thus the correct answer is Option B.
Refer here to learn more about Medicare: https://brainly.com/question/28122792
#SPJ4
Independently owned businesses that take title to the merchandise they handle. In different tradesthey are called jobbers, distributors, or mill supply houses. Include full-service wholesalers and limitedservicewholesalersMerchant wholesalers
Merchant wholesalers , merchant wholesalers take ownership to the products they offer, meaning they acquire and sell products on their own behalf.
Who do merchant wholesalers sell to?In general, merchant wholesalers take ownership to the products they offer, meaning they acquire and sell products on their own behalf. Items with a typical life expectancy of three years or more are considered durable products, whether they are new or old.The two most common categories of intermediaries in indirect sales are merchant wholesalers and agency wholesalers. The ownership of the goods they sell is the key distinction between them. Agent wholesalers only receive commissions for their sales, while merchant wholesalers own the products they sell outright.Retailers and manufacturers can also be wholesalers. For instance, General Mills manufactures a variety of foods, such as cereal. Then they give cereal to supermarkets that sell products to consumers.To learn more about merchant wholesalers refer,
https://brainly.com/question/9395777
#SPJ4
in the case of a manufacturing company, which of the following is an example of a value-creation process?A) Product designingB) Human resource servicesC) Public relationsD) Legal services
For a manufacturing company, legal services will be considered an example of a value-creation process.
What is value creation?The process of transforming labor and resources into something that satisfies other people's needs is known as value creation.
Any business's principal goal is to create value. It is about giving customers value so they will buy the goods or service.
These four ways of creating value are designated as follows:
A) Intentional value co-creation.
B) Value creation driven by providers.
C) Value creation driven by customers.
D) Spontaneous value creation.
value creation through marketing and sales. Customers are made aware of value through selling, which increases their willingness to pay for it. Profits are derived from the creation of value during the production or provision of services as well as the communication of value during the sales process.
To learn more about value creation refer to:
https://brainly.com/question/985244
#SPJ4
How do we use information properly?.
Information aids in the avoidance of research duplication.
What is an information and how to use it properly?Data used by people to make sense of the world is defined as information. It is knowledge that has been gained or shared through study, instruction, investigation, or news, and it is shared through the act of communicating, whether verbally, nonverbally, visually, or in writing.Here are a few tips for making better use of information and thinking more efficiently:
Be quiet and attentive.Never ignore what your emotions are telling you.Never think when under duress.Never concentrate on a single point of view.Information aids in avoiding research duplication. Information is attained thought processes of users, especially scholars. Scientists, engineers, scholars, and others can use information to stay informed about current advancements in their fields and to stay current.To learn more about information refer to :
https://brainly.com/question/24621985
#SPJ4
Jamie borrowed $10,000 from the bank. Eventually, the loan payments will total $11,156.
Jamie borrowed $10,000 from the bank and has to pay total loan payments of $11,156. The interest rate is 5.6%
The formula for the future value of compound interest is:
FV = PV (1 + r)ⁿ
Where:
FV = future value
PV = present value
r = interest rate per period
n = number of periods
Parameters given in the problem:
PV = $10,000
FV = $11,156
n = 2 years
Hence,
11,156 = 10,000 (1 + r)²
(1 + r)² = 11,156 / 10,000 = 1.1156
1 + r = 1.056
r = 1.056 - 1 = 0.056 = 5.6%
Hence the interest rate is 5.6%
Your question is incomplete, but most probably your question was:
Jamie borrowed $10,000 from the bank. Eventually, the loan payments will total $11,156. The loan period is 2 years, compounded annually. How much is the interest rate?
Learn more about interest rate here:
https://brainly.com/question/24274034
#SPJ4
why is it necessary to convert accrual-basis net income to cash-basis income when preparing a statement of cash flows?
When preparing the cash flow statement, the accrued net income should be converted to a cash basis as the cash management is shown in the statement. Cash is the fuel that enables a company to operate, and its liquidity and flow not only affect profitability, but also business.
What is accrued net income?
Accrued income is revenue that you have earned but have not yet received. Both individuals and businesses can receive accrued earnings. Although not yet in hand, accrued revenue is recognized on the books as it is earned, in accordance with accrual accounting policies.
What is a Cash Basis Income Statement?
A cash-based income statement is an income statement that includes only income received in cash from customers and expenses with cash.
What is the difference between cash basis and accrual basis?
The cash basis allows companies to recognize income and expenses only when cash is actually received or paid. Accrual accounting tracks when income and expenses occur (when an invoice is sent or when an invoice is received) rather than when money actually changes hands.
To know more about accrual basis and cash basis visit here:
https://brainly.com/question/14789692
#SPJ4
a real estate licensee must conduct a reasonably confident and diligent visual inspection of the property. this inspection duty includes:
a real estate licensee must conduct a reasonably confident and diligent visual inspection of the property. this inspection duty includes: A material fact is any fact that, if disclosed, could affect the decision of an entity in completing the transaction.
A licensee is merely a person who has the permission of the proprietor to be within the belongings, however, does not necessarily have the right to exclude others from the premises or the proper to assign or sublet the lodging. normal examples of licensees are Lodgers.
A salesperson's license permits you to perform real property corporation work for or on behalf of an agent. A salesperson needs to be supervised by using an agent or department manager whilst sporting out any real property business enterprise work. if you maintain a shop clerk's license you have to work for a certified agent.
An LIC is chargeable for the proper supervision of the enterprise of which they're in the fee. and must maintain a class 1 license within the category relevant to the enterprise. for instance, a LIC of a real property agent will need to keep a class 1 real estate agent's license.
Learn more about real estate licensees here:
https://brainly.com/question/13774797
#SPJ4
blimps are a form of multiple choice transit advertising. mobile billboards. aerial advertising. digital out-of-home media.
Blimps are a form of aerial advertising. It is one of the most recognizable forms of aerial advertising. The slow-moving and large aircrafts offer substantial aerial advertising space.
A blimp is an airship without an internal structural framework or a keel. Manufacturers in many countries have built blimps in many designs.
Blimps are one of the most well-known forms of aerial advertising. These are inflatable low-flying airships, to advertise a logo over a large crowd of people. These are very eye-catching and often appeal to marketers due to the higher rate of recall compared to other forms of advertising.
Learn more about the blimps and advertising here:
https://brainly.com/question/15346287
#SPJ4
find the present value that will grow to $4000 if the annual interest rate is 7.5% compounded quarterly for 7 yr.
The present value that will grow to $4000 if the annual interest rate is 7.5% compounded quarterly for 7 yr is $5136.12
What is present value?The value of an anticipated income stream as of the valuation date is known as the present value, commonly referred to as the present discounted value, in economics and finance. A measure of the impact of time on money is present value.
A quantity of money or a series of future cash flows are valued at their present value today at what is known as the "discount" rate of interest. To make investment selections and to plan for financial objectives, present value is used.
To calculate present value,
PV=FV/(1+i)^t
FV=4000, i= 7.5%=0.075,t=7
put everything in the formula
PV=4000/(1+0.075)^7
present value =$5136.12
To know more about present value, refer:
https://brainly.com/question/17322936
#SPJ4
jones corp. reported current assets of $193,000 and current liabilities of $137,000 on its most recent balance sheet. the working capital is:
On its most recent balance statement, Jones Corp. had current liabilities of $137,000 and current assets of 193,000. The balance sheet includes the working capital.
For instance, the working capital of a corporation is 100,000 if its balance sheet shows 300,000 in total current assets and 200,000 in total current liabilities.
By dividing your current assets by your current liabilities, you may get your current ratio, which compares your current assets to your current liabilities. The current ratio is used by potential investors to assess a company's liquidity or capacity to settle short-term loans. As shown on the balance sheet, working capital is computed as current assets minus current liabilities.
To learn more about working capital from given link
https://brainly.com/question/19804046
#SPJ4
which of the following are characteristics of chapter 13 bankruptcy provisions? i. a repayment plan is implemented. ii. the debtor is typically required to relinquish assets. iii. debt payments may be reduced so payments are more manageable for the debtor. iv. generally, chapter 13 bankruptcy is more favorable for creditors than chapter 7 bankruptcy. which of the following are characteristics of chapter 13 bankruptcy provisions? i. a repayment plan is implemented. ii. the debtor is typically required to relinquish assets. iii. debt payments may be reduced so payments are more manageable for the debtor. iv. generally, chapter 13 bankruptcy is more favorable for creditors than chapter 7 bankruptcy. i and ii i , iii, and iv i and iii ii and iv
A the repayment plan is implemented, the debtor is typically required to relinquish assets, and generally, chapter 13 bankruptcy is more favorable for creditors than chapter 7 bankruptcy.
An economic entity or a business can own or control any resource as an asset. It is anything that has the potential to generate gains in terms of the economy. Assets are ownership value that can be exchanged for cash. An asset is a resource with economic value that a person, organization, or nation owns or manages with the hope that it will someday be useful. People or other entities who are unable to pay their creditors back can seek some or complete relief from their debts through the legal process known as bankruptcy. Most often requested by the debtor, bankruptcy is imposed by a court order in most jurisdictions.
Learn more about asset here :
https://brainly.com/question/13848560
#SPJ4
