All categories

3 years ago

Approximately how many bankruptcy claims were filed in 2014?a. 100,000b. 250,000c. 500,000d. 1.1 millione. 2.7 million

Business

1 answer:

Irina18 [472]3 years ago

6 0

Answer:

The correct answer is letter "D": 1,1 million.

Explanation:

According to the U.S. Bankruptcy Abuse Prevention and Consumer Protection Act (<em>BAPCPA</em>) report of 2014, more than 900,000 bankruptcy cases were filed by individuals having by common cause consumer debts. That number of reports has been decreasing since then by year reaching by 2017 the amount of 767,721 cases.

You might be interested in

Which of the following best describes a Nash equilibrium? An outcome from which one or both competitors can improve their positi

amid [387]

The question is reconstructed below:

Which of the following best describes a Nash equilibrium?

A. An outcome from which one or both competitors can improve their position by adopting an alternative strategy.

B. The unstable outcome of a repeated game.

C. An outcome that is stable only because of credible threats.

D. An outcome which both competitors see as optimal, given the strategy of their rival.

Answer:

D. An outcome which both competitors see as optimal, given the strategy of their rival.

Explanation:

Although Nash equilibrium is a game theory, it has been widely applied in economics. It states that a competitor can achieve his desired outcome by sticking to his original strategy. Both competitors' strategies are optimal when considering the decisions of each other.

8 0

3 years ago

Celine Dion Company issued $600,000 of 10%, 20-year bonds on January 1, 2020, at 102. Interest is payable semiannually on July 1

anzhelika [568]

Answer:

The Journal entries are as follows:

(a) On January 1, 2020

Cash A/c(6,000 bonds × $102) Dr. $612,000

To Bonds payable $600,000

To premium on bonds payable $12,000

(To record the issuance of the bonds)

Workings:

premium on bonds payable = $612,000 - $600,000

= $12,000

(b) On July 1, 2020

Interest expense A/c Dr. $29,700

Premium on bonds payable A/c Dr. $300

To cash A/c $30,000

(To record the interest expense)

Workings:

Cash = $600,000 × (6/12) × 10%

= $30,000

Premium on bonds payable = $12,000 ÷ 40 periods

= $300

Interest expense A/c Dr. $29,700

Premium on bonds payable A/c Dr. $300

To Interest payable A/c $30,000

(To record the accrual of interest expense)

8 0

3 years ago

The company wants to end each month with ending finished goods inventory equal to 25% of the next month's sales. Finished goods

Arada [10]

Answer: 4,375 units

Explanation:

The budgeted production for July will be;

= July sales + Ending inventory - Beginning inventory

Ending inventory = 25% * August sales =25% * 4,900 = 1,225

Budgeted production = 4,200 + 1,225 - 1050 = 4,375 units

3 0

3 years ago

HELLLPPPPPP!1? Which of the following payday frequencies provides employees with the smoothest cash flow? Weekly Semi-Monthly

SCORPION-xisa [38]

Weekly payday frequency provides employees with the smoothest cash flow.
Many employees think that being paid weekly is the best way to be paid as it alleviates the whole process of waiting to be paid.

4 0

3 years ago

Which one of the following is a primary market transaction?

Lorico [155]

<h2>Correct answer: A dealer buying newly-issued shares of stock from a corporation.</h2>

5 0

3 years ago