Suppose a friend of yours is insolvent and asks for your assistance in choosing between filing for a straight bankruptcy. Your friend has multiple debts including a mortgage to Chase Bank, student loan debt, unpaid taxes, child support payments, a loan from GMAC for her car, a $8,000 loan she incurred for a bike that she bought last month, and credit card debt. Based on the scenario, answer each of the following questions as completely as possible: Describe to your friend the major differences between the two types of proceedings. Explain If your friend does file bankruptcy, what property would be exempt? Again, considering your friend, what types of debts would not be dischargeable in bankruptcy? Assume your friend decides to file , but does not have enough assets to satisfy all of her debts. Which creditors would have priority?

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

Resources that are valuable but not rare can be categorized asanswers: organizational weaknesses.distinctive competencies.organizational strengths.complementary resources and capabilities.

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances