what is one of the major reasons that many people end up financial trouble and have to consider bankrupcy

1 answer:

3 0

One of he reasons is Excessive Medical Expenses.

If you’ve been involved in any type of serious accident or have mounting medical bills due to illness, you may be at risk for financial problems that lead to bankruptcy. Excessive medical expenses are the number one cause of bankruptcy and account for nearly two-thirds of all personal bankruptcies, statistics show.

Even though the majority of people filing for bankruptcy due to medical bills have health insurance, their out-of-pocket expenses still end up being too high.

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Marguerite starts a corporation. Her articles of incorporation specifically state that the corporation will work in the beauty p

lukranit [14]

Answer:

Explanation:

Marguerite starts a corporation. Her articles of incorporation specifically state that the corporation will work in the beauty products industry. Marguerite would like to take out a loan on the company's behalf. She can because of the implied powers of the corporation.

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4 years ago

Which african-american artist created the fiber work tar beach as an autobiographical work about her own experiences growing up

Nookie1986 [14]

Faith Ringgold was an African-american artist created the fiber work tar beach as an autobiographical work about her own experiences growing up in New York.
Faith Ringgold is an artist and she was best known for her narrative quilts, Tar beach is one of her most famous story quilts. She was born in New York City in 1930. and when she was working in public schools as an art teacher she began a series of paintings which was called as American People.

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3 years ago

Having good Interpersonal communication skills is important for _.

cupoosta [38]

All of the answers above.
Interpersonal communication skills are the ability to communicate well with other people.

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4 years ago

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You have been working as an Assistant Manager at Mimi and Jasmine's (M&J) warehouse. M&J is an innovative cosmetics comp

irina1246 [14]

First of all, because there is no set manager, the owner probably does not know what the company is doing so, he will probably give it to you for a small price. After buying the company, you should first inquire about the employees (what can they do, what expirience etc.) After inquiring about the employees you need to promote the most expriienced and best employee as a manager. Because they have expirience, they will know who goes where.

I hope this helps.

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3 years ago

Candlewood LLC started business on September 1, and it adopted a calendar tax year. During the year, Candlewood incurred $6,500

Harlamova29_29 [7]

Answer:

Organization expenses $5,100

Startup expenses $1,700

Explanation:

Calculation of organisation expenses and startup expenses

Particulars Calculations Amount

Actual expense $54,500

Reduced for startup upto $50,000 $5,000

1. LLC may deduct ($9,500 - $5,000)*4/180 $100

Organization expenses ($5000 + $100) $5,100

2. Deduction for startup ($5,000 - $4,500) $500

Write off during the year $54,000*4/180 $1,200

Startup expenses $1,700

NB: Startup expenses are all expenses incurred for the start-up of the business are known as the startup expense which is related to the existing expense of business and will be approved after the firm.

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3 years ago