When the trustee sells off the assets of the debtor, this is called:

1 answer:

3 0

When the trustee sells off the assets of the debtor, this is called liquidation. The correct option in regard to the given question is option "B". The trustee sells off the assets to pay off as much debt as possible and then the remaining debt is wavered. This kind of policy is prevalent in several countries around the world. The debtor is released after the completion of the procedure. It is true that the policy is directed towards paying back as much money as possible back to the creditors, but it is a rarity that the creditors get paid in full. It takes a minimum of 3 to 4 months to complete the total procedure.

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What the simplified of 2/3 dived by 2/9

mars1129 [50]

Answer:

Step-by-step explanation:

Divide $\dfrac{2}{3}$ by $\dfrac{2}{9}:$

$\dfrac{2}{3}:\dfrac{2}{9}=\dfrac{2}{3}\cdot \dfrac{9}{2}=\dfrac{2\cdot9}{3\cdot 2}=\dfrac{9}{3}=3.$

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3 years ago

Lisa borrows $2850 at 4.3% simple interest per year. When Lisa pays the loan back 9 years later, what is the total amount that L

bonufazy [111]

I think it is 25650
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3 years ago

You buy Apple stock for $120 per share over a period of time the stock value increased at a weekly rate of 5% you sell the stock

Rainbow [258]

Answer:

8.31 weeks

Step-by-step explanation:

Given that the cost of one share of Apple stock, C=$120

Rate is the increment of the stock value, R= 5%/week=0.05 / week.

Assuming that after t week, the stock has been sold for $180.

Since the stock value increased at 5% every week, so, the interest is compounded weekly, so

$S=C\left(1+R\right)^t \\\\ \Rightarrow 180 = 120\left(1+0.05\right)^t \\\\ \Rightarrow 180 = 120\left(1.05 )^t \\\\$

$\Rightarrow \frac{180}{120}=1.05^t \\\\\Rightarrow 1.5=1.05^t$

$\Rightarrow \ln(1.5)=t \ln(1.05)$ [taking log both sides]

$\Rightarrow t=\frac {\ln(1.5)}{\ln(1.05)}=8.31$ weeks

Hence, after 8.31 weeks the stock has been sold for $180.

6 0

3 years ago

a coin is tossed, then a letter in the word accomplishment is chosen at random. find the probability of heads, then a vowel

emmasim [6.3K]

Answer:

$\frac{5}{52}$

Step-by-step explanation:

Coin toss:

$Total\ outcome=\{H,T\}\\\\Favourable\ outcome=\{H\}\\\\P(Head)=\frac{Favourable\ outcome}{Number\ of\ total\ outcome}\\\\P(Head)=\frac{1}{2}$

Letter Selection:

$Number\ of\ total\ outcomes=26\ \ \ \ \ \ \ as\ total\ letters\ are\ 26\\\\Favourable\ outcomes=5\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ as\ there\ are\ 5\ vowels\\\\P(vowel)=\frac{Favourable\ outcomes}{Number\ of\ total\ outcomes}\\\\P(vowel)=\frac{5}{26}$