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3 years ago

What effects are Mary and Todd likely to face if they declare bankruptcy? Check all that apply.

Business

2 answers:

ahrayia [7]3 years ago

8 0

1, 4, and 5 just done the assignment and got it correct

Mandarinka [93]3 years ago

8 0

The correct answer is 1, 4, 5.

1. They will find it hard to get new loans.

4. They will have to pay higher interest rates on any new credit cards they obtain.

5. They will have poor credit reports.

Bankruptcy is termed as legal status of a person who is not able to pay creditors their debts. It is imposed by a court order.

Someone can declare bankruptcy if the value of assets he has less the debt amount he is being owed.

Filing for a bankruptcy damages your credit where debts are discharged without being paid.

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Answer:

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Explanation:

The above is the reason showing the direct correlation between the sample regression and the R Square value.

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2 years ago

What is yall favorite song minez is mood swings by pop smoke

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2 years ago

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Watson Company has monthly fixed costs of $83,000 and a 40% contribution margin ratio. If the company has set a target monthly i

Rudik [331]

Answer:

$245,000.00

Explanation:

The amount of sales revenue to be made to achieve target profit is computed as follows:

<em>Sales revenue to achieve target income</em>

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The figure has been given as 40% in the question

Sales revenue to achieve target profit = (83,000 + 15,000)/0.4

$245,000.00

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2 years ago

Income elasticity of demand is

coldgirl [10]

Answer: Option (a) is correct.

Explanation:

Income elasticity of demand measures the responsiveness of quantity demanded with change in the income level of an individual.

$Income\ elasticity\ of\ demand=\frac{percentage\ in\ quantity\ demanded}{percentage\ change\ in\ income}$

Income of an individual has a positive relationship with the demand for normal goods and has a negative relationship with the demand for inferior goods.

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2 years ago

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