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Delicious77 [7]
4 years ago
14

Which statement best describes what happens when people declare bankruptcy

Business
1 answer:
Trava [24]4 years ago
6 0
For the answer to the question above, I believe the answer to your question is a<span>ll of their debts are eliminated, but they have to sell their assets, such as their homes to offset the remaining balance of their debts.
I hope my answer helped you. Feel free to ask more question. Have a nice day!
</span>
You might be interested in
What analysis feature of a decision support system (DSS) pinpoints the region that generated the highest total sales
DedPeter [7]

Answer:

exception reporting

Explanation:

A decision support system (DSS) can be regarded as a computerized program that is utilized in supporting determinations as well as judgments, and courses of action s regards a

an organization or a business.

An exception reporting can be regarded as process of using document which states out the instances whereby actual performance is been deviated from expectations in a significantly manner, this is usually in a negative direction. The main reason for this report is to align the attention of management on areas that requires immediate action.

It should be noted that the analysis feature of a decision support system (DSS) pinpoints the region that generated the highest total sales is exception reporting.

6 0
3 years ago
What is the yield to maturity on a​ one-year, $1,000 Treasury bill with a current price of​ $900?
schepotkina [342]

Answer:

So yield to maturity will be 11.1 %

Explanation:

We have given final value FV = $1000

Current price = $900

Time is given t = 1 year

We have to find the rate of interest

Future value is given by

A=P(1+\frac{r}{100})^n, here A is future value and P is current price

So 1000=900(1+\frac{r}{100})^1

1.111=1+0.01r

0.111=0.01r

r = 11.1 %

8 0
4 years ago
Big Canyon Enterprises has bonds on the market making annual payments, with 18 years to maturity, a par value of $1,000, and a p
Digiron [165]

Answer:

7.3%

Explanation:

Bond price is the sum of present value of coupon payment and face value of the bond. If the price is available the coupon payment can be calculated by following formula

As per given data

n= 18 years

Par value = $1,000

Price = $965

YTM = 7.7%

As we have the value of the bond we need to calculate the coupon payment using following formula:

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

$965 = C x [ ( 1 - ( 1 + 7.7% )^-18 ) / 7.7% ] + [ $1,000 / ( 1 + 7.7% )^18 ]

$965 = C x 9.57 + $263.10

$965 - 263.10 = C x 9.57

701.9 = C x 9.57

C = 701.9 / 9.57 = 73.34

Coupon rate = 73.34 / 1000 = 7.334%

7 0
3 years ago
As jamal's income rises, his demand for pizza does not change. it follows that, for jamal, pizza is a(n)
irga5000 [103]
<span>The pizza is a neutral good. A neutral good is a good whose demand is not changed even though the income provided by the good is changed. A person's income can go either up or down, but their desire to buy more or less of Jamal's pizza will not change, so pizza sales will not go up or down. Demand and income are not tied to each other.</span>
8 0
4 years ago
Callaway Golf Co. leases telecommunication equipment from Photon Company. Assume the following data for equipment lease form Pho
inessss [21]

Answer:

This lease is  regarded and classified  as Capital lease.

Explanation:

This lease is  regarded and classified  as Capital lease.

Here, Callaway Golf Co. is the body financing the leased asset but the right ownership is with Photon Company.

Now; the present value of future payment is calculated as:

Present value of future payment =[PVA 6%,5 × Annual payment ]+[PVF 6%,5 × Residual value]

=[4.46511 × 31000] +[0.74726 × 15500]

= 138418.27+ 11582.53

= 150000

However the present value of minimum lease payment is equal or more than 90% fair market value ,as such we therefore conclude that this  lease is a capital lease.

3 0
3 years ago
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