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Nataly_w [17]
3 years ago
13

Jason is a small business owner. he has a dry cleaning business. one year, jason has to replace nearly all of his equipment, and

the rent on his building increases. jason borrows money to cover his expenses. however, business is slow and jason eventually realizes that he must declare bankruptcy. neither jason nor his creditor wants the expense and hassle of going to court. they can settle their creditor-debtor relations outside of court through a:
Business
2 answers:
evablogger [386]3 years ago
8 0
They can settle their creditor debtor relations out of court through a WORKOUT.
A workout refers to an out of court arrangement in which a debtor and a creditor reach some agree about how the debtor is going to pay the creditor back.
tangare [24]3 years ago
8 0

Work-Out is the strategy, debtors use to payback loans or debts to the creditor.

Work-out in business terms means a way to ease the borrower by developing work-outs for the business customers when they are in difficulty.

In this example, Jason is about the file the bankruptcy, because he is unable to payback the loan he took to meet his expenses. But the creditor and he himself don't want to indulge in the court room hassles, so they develop work-outs for themselves to payback the credit Jason took to continue his business activities.

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3 0
3 years ago
leaders in the industrialized world see booming populations in the least industrialized nations as a threat to: a= the continued
docker41 [41]
The right answer for the question that is being asked and shown above is that: "a= the continued expansion of their own nations." Leaders in the industrialized world see booming populations in the least industrialized nations as a threat to the continued expansion of their own <span>nations</span>
8 0
3 years ago
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A young man recently was hired by a major mortgage company in Tampa. Because he was unfamiliar with Tampa, the man purchased a r
Pavel [41]

Question Completion with Options:

A)  The man is not entitled to a refund, however, he may request that the $200 be applied to his down payment.

B)  He is entitled to a refund of $200 if requested in writing within 30 days of the contract date.

C)  He is entitled to a refund of $100 if requested within 45 days of the contract date.

D)  He is entitled to a refund of $150 if requested within 30 days of the contract date.

Answer:

The statement that applies to this situation is:

B)  He is entitled to a refund of $200 if requested in writing within 30 days of the contract date.

Explanation:

The Florida real estate laws provide that any real estate company that furnishes rental information to a prospective tenant for a fee must provide the prospective tenant with a receipt.  The receipt should contain the repayment provision, which can be made under specified conditions. However, the young man is expected to make his demand for a return of any part of the fee within 30 days from the date of the broker/sale contract.

3 0
2 years ago
Almost have level 60 :D
wolverine [178]
Oh wow, Great Job! :)
4 0
3 years ago
Goodman Auto started the year with total assets of $300,000 and total liabilities of $175,000. During the year, the business rec
kow [346]

Answer:

The answer is $ 200,000

Explanation:

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The net income is difference between revenue earned by the company and expenses incurred in order to earn this revenue. In the problem goodman auto revenue is equal to 475,000 and expense are 275,000. So the difference between 475,000 and 275,000 will be reported as net income.

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3 years ago
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