Answer:
<h2>For an investment to be considered as current asset,it has to be convertible into cash and within one year of business operation or current operating cycle,whichever is longer.Hence,the correct answer is option C.</h2>
Explanation:
In Business Studies or Accounting,current assets are identified as those assets which are normally convertible into cash value usually within 1 year of business operation and used to pay any current liability.Therefore,any short term investment in business which can be used or utilized during the regular business operation and converted into cash value within one year of operation can be termed as current assets.Therefore,to satisfy the conditions to qualify as current asset,any business investment has to be cash convertible which has to be conducted within one year of operation or the operating cycle,depending on their duration.
Answer:
The answer is: She should file for Chapter 7 Bankruptcy; The discharge of debts
Explanation:
Under Chapter 7, you must first prove that your income is insufficient to allow you to pay at least a portion of your debts. There is a mathematical form for making the calculation. If you have enough income, you will need to file under Chapter 13 instead.
Under Chapter 7 you either pay your debts or give up your property for secured debts. You surrender any nonexempt property (e.g. a second house not used as primary residency, investments, artwork, jewelry, etc.) in order to pay off as much of your debt as possible.
You are able to keep all your exempt property and you are no longer in obligation to repay the remaining debt.
Answer:
$1731692.97
Explanation:
FV (end of 34 years) = (7863*(1.118)^9) * (1.192)^25 = $1731692.97
Answer:
For example without public goods, we wouldn't have schools, parks, or rec centers, to name a few examples.
Explanation:
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