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
Business, 22.06.2019 13:40, ilovecatsomuchlolol
A. j. was a newly hired attorney for idle time gaming, inc. even though he reported directly to the president of the company, a. j. noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney, a. j. could have probably handled. a. j. also noted that the hr manager’s administrative assistant was the go-to person for a number of things that would make life easier at work. a. j. was recognizing the culture at idle time gaming.
Answers: 3
Business, 22.06.2019 22:00, lizdeleon248
Your sister turned 35 today, and she is planning to save $60,000 per year for retirement, with the first deposit to be made one year from today. she will invest in a mutual fund that's expected to provide a return of 7.5% per year. she plans to retire 30 years from today, when she turns 65, and she expects to live for 25 years after retirement, to age 90. under these assumptions, how much can she spend each year after she retires? her first withdrawal will be made at the end of her first retirement year.
Answers: 3
Read the scenarios below to decide whether or not bankruptcy would be appropriate for the business....
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