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IgorC [24]
3 years ago
8

Joe Keller and Ed Keller are brothers and both are lawyers. They start a personal injury law firm. Over the course of six months

, they lose financially, as the settlements reached were not large enough to cover their expenses. The business is in debt. Which is the most likely scenario regarding their debt?
Business
1 answer:
dlinn [17]3 years ago
7 0

Answer:

<h2>They are bankrupt.</h2>

Explanation:

Bankrupt is a stage given by a legal court, that is legally assigned when they are able to demonstrate that they can't pay the debts. So, the court could order the relief of their debts or part.

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Grant Corporation is looking to purchase a building costing $1,300,000 by paying $500,000 cash on the purchase date, and agreein
Alexandra [31]

Answer:

Grant Corporation

The payments should be $42,133.16 every quarter.

Explanation:

a) Data and Calculations:

Building cost = $1,300,000

Down payment = $500,000

Interest rate = 8% per year

Payment terms = quarter for 5 years

From an online calculator, the payments should be:

N (# of periods)  20

I/Y (Interest per year)  2

PV (Present Value)  800000

FV (Future Value)  0

Results

PMT = $42,133.16

Sum of all periodic payments $842,663.23

Total Interest $42,663.23

5 0
3 years ago
A common rule is that housing expenses plus other debt payments should not be more than 36% of your monthly income your monthly
timurjin [86]
If your income per month is $4,321 and you aren't able to spend more than 36% of your monthly income on housing... to solve:

($4,321)(0.36) = $1,555.56
7 0
3 years ago
In the financial industry, "securitization" refers to
iren [92.7K]

<span>In the financial industry, "securitization" refers to bundling debt, such as loans, bonds and mortgages into securities. In finance, a security is a tradable asset. They are debt securities such as bonds and then there are equity securities such as stocks. Bundling debt keeps everything organized and streamlined for people to know what they need to pay down. </span>

3 0
3 years ago
After 8 years of working for a company that installed underground sprinkling systems for golf courses, Jake was ready to venture
Shkiper50 [21]

Answer:

two strengths and one threat

Explanation:

Since in the given situation it is mentioned that that Jake was fortunate to have $100,000 financing also the skilled installers are willing to work but at the same time he was aware that the new construction was all time low

So here there are two strengths and one threat

In this way the events are categorized

7 0
2 years ago
Suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon.Sele
sergiy2304 [10]

Answer:

1) It is a price floor which is binding as employeer cannot hire teenagers willing to work below 24 dollars per hour

2) it is a price celling and is biding as the current equilibrium price is 3.00 There will be shortage as demand will icnrease for the lower price but supply decrease as it is not as profitable

3) it is a price floor which is also binding as the equilibrium is at 3 dollars the supplier will have to increase price and sales volume will be lower as demand will drop

Explanation:

4 0
3 years ago
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