<span>1) failing to make a required interest payment on time. I chose this as the least significant because you can always make up a late payment and then its not really a huge deal. It could hurt your credit score but it is not a life or death situation.
2) defaulting on a principal payment on debt. This is a little worse because at this point you cant cant even pay the debt and now your falling a little worse into debt but you can still get out.
3) restructuring debt. This is worse because you already have obtained a lot of debt but you are getting the chance to restructure it to help pay it off you even though your in a bad spot you still have a chance to get out.
4) filing for bankruptcy. At this point you are bankrupt you really don't have a lot of options left and you are kind of at the point of no return unless you can get a hold of a lot of cash really fast.
5) liquidating a firm. At this point you have to sell all of your assets in order to pay of your debt. You will be left with nothing left you may even have to sell you house all your jewelry basically everything that you own that has some value that can be sold.</span>
The correct answer is business license.
Business license is an authorization from the local government to carry on an enterprise. Business license is needed by all operating businesses in all geographical location. Without a business license, an operating business can be closed down by government authorities with corresponding penalties.
Answer:
The balance of allowance for doubtful accounts is $ 1,880
Explanation:
Computation of balance in Allowance for Bad Debts
Total credit sales $ 47 comma 000
Estimated bad debts as a % of sales 4 %
Balance of Allowance for Doubtful accounts $ 1,880
The balance is based on a % to credit sales basis. The bad debts expense for the year considers the balance in the allowance for doubtful accounts and the accounting entry is an adjustment amount.
Hello <span>Gabbypittman20!
Answer:This answer is very tricky...but at least you have a teacher to help you.
</span><span>The answer to this question would
buy new clothes before buying a computer. Explanation:
See, this is a Need or want question. You NEED clothes but you WANT a computer. Get it? contact me for more information.
FLVS teacher,
~Sarah Bunkly
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Answer:
Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that P = ATC, P>ATC, MR =MC, or MR>MC at the optimal quantity. Furthermore, the quantity the firm produces in long-run equilibrium is the efficient scale. True False
This indicates that there is a markup on marginal cost in the market for shirts. True False
Explanation:
In the long run, monopolistically-competitive entities produce at a level where marginal cost and marginal revenue are equal. This makes it impossible for individual companies to sell their products at prices above the average cost. This situation means that monopolistically-competitive companies will always earn zero economic profit in the long run.
