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trapecia [35]
3 years ago
15

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

Mathematics
1 answer:
DIA [1.3K]3 years ago
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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A person spends 1/5 of his salary on rent, 3/7 on food, 1/3 on other expenses and saves the rest. If she earns $21,000 per month
sukhopar [10]

Answer:

$9600 saving / year

Step-by-step explanation:

1/5 of $21000 = 21000 / 5 = $4200 / month on rent

3/7 of $21000 = (21000 / 7) x 3 = $9000 / month on food (shocking right :) food is expensive)

1/3 of $21000 = 21000 / 3 = $7000 on other expenses / month

total savings/month = salary/month - rent/month - food/month - other expenses/month

total savings/month = 21000 - 4200 - 9000 - 7000

total savings/month = $800

<u><em>BUT</em></u> the question asks for savings per year. therefore, we must multiply the savings per month by total months per year (12)

800 x 12 = $9600

the person's total savings per year, with a salary of $21000 per month, is equal to $9600 per year

3 0
1 year ago
What is the sum of the geometric sequence -3, 18, -108, ... if there are 8 terms
creativ13 [48]

Answer:

Step-by-step explanation:

common ratio=18/-3=-108/18=-6, a=-3

sn=a(r^n-1)(r-1)

sn=-3((-6)^n-1)(-6-1)

sn=-3(-6)^8-1)/(-7)

s8=-3(1679615)/(-7)

s8=719836

6 0
3 years ago
HELP I NEED THIS REALLY FAST WILL GIVE BRANILIEST!!!
sveta [45]

question a is 80

question b 20 (is what I could find but not completely sure)

4 0
2 years ago
Read 2 more answers
Dont Really need explanation Simply answer Just I didn’t understand Maybe I can get help
Kryger [21]

Based on the calculations, Tart & Sweet's total profit from April to June is equal to -2 dollars.

<h3>What is a bar chart?</h3>

A bar chart can be defined as a type of chart that is used for the graphical representation of a data set, especially by using rectangular bars or vertical columns.

In order to determine Tart & Sweet's total profit, we would simply add the amount of money (in dollars) generated from April to June as follows:

  • April = -8.
  • May = 2.
  • June = 4.

Total profit = -8 + 2 + 4

Total profit = -$2.

Read more on bar chart here: brainly.com/question/24741444

#SPJ1

4 0
2 years ago
1/3 + a = 5/4 <br> What does the a equal?
alekssr [168]

Answer:

1/3 + a = 5/4 = 4/15

4 0
3 years ago
Read 2 more answers
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