Once a Voluntary Liquidation Proceeding Under Chapter 7 Is Filed,the

question 51

Multiple Choice

Once a voluntary liquidation proceeding under Chapter 7 is filed,the debtor's prepetition assets form the ________.

• A)trust corpus
• B)probate estate
• C)trust estate
• D)bankruptcy estate
• E)reversionary asset pool

---

Definitions:

Degree of Operating Leverage

A financial ratio that measures the sensitivity of a company's operating income to its sales volume, indicating how earnings are affected by sales fluctuations.

Quantity Sold

The total number of units of a product or service that have been sold during a specific period of time.

Marginal Costs

The added cost of producing one additional unit of production.

Units Produced

The total number of units of product that a company manufactures over a specified period.