Business, 01.04.2021 01:00 jaidencoolman2866

Read the scenarios below to decide whether or not bankruptcy would be appropriate for the business. Be sure to explain your answer. b. Battle River Restaurant opened in April 2014, and offers family style meals for a low price. Robert is
the owner and restaurant manager. He took out two business loans and one personal loan to open the
business. He bought all of the kitchen equipment by establishing a line of credit with the supply store,
and used one of the loans to refurbish an old mill for his venue. After 14 months, the restaurant has not
done as well as Robert would have liked, and he has missed four payments to both the supply store and
the bank. In an effort to cut costs, he has reduced the staff by 25 percent and only serves dinner. While
he is unwilling to give up on his dream of owning and operating a successful restaurant, 3 months later
he is still unable to make payments on the debts. Robert had decided to declare bankruptcy (2 points)

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 18:00

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?

Answers: 1

Answer

Business, 22.06.2019 20:20

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.

Answers: 2

Answer

Business, 22.06.2019 21:50

Assume that (i) setups need to be completed first; (ii) a setup can only start once the batch has arrived at the resource, and (iii) all flow units of a batch need to be processed at a resource before any of the units of the batch can be moved to the next resource. process step 1 molding 2 painting 3 dressing setup time 15 min. 30 min. no setup processing time 0.25 min./unit 0.15 min./unit 0.30 min./unit which batch size would minimize inventory without decreasing the process capacity?

Answers: 1

Answer

Business, 23.06.2019 00:00

According to the video, the gross national product had declined from $104 billion in 1929 to about in 1933.

Answers: 2

Answer

You know the right answer?

Read the scenarios below to decide whether or not bankruptcy would be appropriate for the business....

Questions