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Brut [27]
3 years ago
12

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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The journal entry is given as follows;

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3 years ago
Why do neoclassical economists tend to put relatively more emphasis on long-term growth than on fighting recession?
Sphinxa [80]

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The correct answer is C. standard of living is ultimately determined by long-term growth.

Explanation:

The long-term path for economic growth is a fundamental issue of the study of the economy. The increase in the GDP of a country is usually considered as an increase in the standard of living of its inhabitants. Over long periods of time, even small annual growth rates, can have a significant effect. Thanks to its conjugation with other factors.

An annual growth rate of 2.5% would lead to GDP doubling over a period of 30 years. While an annual growth rate of 8%, it would lead to the same phenomenon in a period of only 10 years. Example: Some countries like Asian tigers. When a population increases to see improvements in living standards, GDP has to grow faster than that population. This analysis seeks to understand why there are very different rates of economic growth in some regions of the world.

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If the​ ABC, NBC, and CBS television networks were to create a separate entity called BBB Media to develop and market online ori
ladessa [460]

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Therefore, Consolidation is the right answer.

7 0
3 years ago
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