1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
hram777 [196]
3 years ago
5

A legal process in which a borrower is relieved of debts after showing an inability to pay is called?

Business
1 answer:
docker41 [41]3 years ago
7 0

Answer:

Bankruptcy

Explanation:

After declaring bankruptcy, all of your financial obligation would be wiped up, minus several exceptions. For example:  Child support, student loans, and alimony would not be deleted even if you declared bankruptcy.

Even though bankruptcy eliminate your current debts, it actually will create more financial problems for you in the future. For example, it will be almost impossible for you to qualify for mortgage or any other types of bank oloans.

You might be interested in
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales:August 2 10 units w
mel-nik [20]

Answer:

COGS= $158.4

Explanation:

Giving the following information:

August 2: 10 units were purchased at $12 per unit

August 18: 15 units were purchased at $14 per unit

August 29: 12 units were sold.

First, we need to calculate the weighted-average purchasing price:

weighted-average purchasing price= [(10*12) + (15*14)]/25

weighted-average purchasing price= $13.2

COGS= 12*13.2= $158.4

5 0
3 years ago
To distinguish those combinations of goods and services that are affordable from those that are​ not, households need informatio
tester [92]

Answer:

The answer is A, household income, wealth and product price.

Explanation:

This simply indicates that to be able to identify the combination of goods and services that are affordable from those that are not, the current household income should be considered, the wealth of the household which refers to the current amount of money in the household account and the price of the product.

3 0
3 years ago
Read 2 more answers
Venetian Company has two production departments, Fabricating and Assembling. At a department managers meeting, the controller us
olchik [2.2K]

Answer:

Fabricating Department = $136470=   53000 +total 49100 of $1.7 per direct labor hours

Assembling Department = $$ 90,410= 43000 +total 43100  of $ 1.10 per direct labor hours

Explanation:            

<em>When a fixed line intersects a vertical axis at the point of total budgeted cost line represents total cost of the activity . From this we can calculate the following.</em>

                                                          Fabricating            Assembling

Total Cost for 46100 DLH            $131,370                    $93,710

Fixed Costs                                     (53000)                     (43,000)

Variable Costs                               78370                        50,710

Variable Cost Per hour                78370 / 46100          50,710  / 46100

                                                      = $ 1.7                        = $1.10

                                                    Fabricating            Assembling

Total DLH                                        49100                   43100

Variable Cost Per hour                  $ 1.7                          $1.10

Variable Costs                                $ 83470                 $ 47410

Fixed Costs                                     53000                     43,000

Total Budgeted Cost                      136470                    $ 90,410

6 0
3 years ago
Banks Company sold merchandise on account for $35,000 with terms 2/10, n/30. The cost of goods sold was $27,600. If the invoice
WITCHER [35]

Answer:

The amount of cash received by Banks Company is $34,300

Explanation:

The computation of the cash received by the bank company is shown below:

= Merchandise amount - discount

where,

Merchandise amount is $35,000

And, the discount equal to

= Merchandise amount × discount percentage

= $35,000 × 2%

= $700

Now put these values to the above formula  

So, the value would equal to

= $35,000 - $700

= $34,300

3 0
3 years ago
Donald and Charlene are married and do not have any children. They plan to ensure that the other will not be unduly burdened by
Bas_tet [7]
They are using the Dual income and no kids method
8 0
3 years ago
Other questions:
  • Based on the description of Elm City​ Market's selection method for new​ employees, its best recruiting source would likely be​
    8·1 answer
  • An electronic card that is directly connected to a checking account is known as
    12·2 answers
  • The net income of edwards corporation amounted to $74,000 for this year. the beginning balance ofâ stockholders' equity was $31,
    6·1 answer
  • According to the Department of Labor finishing even one year of college raises the average person's income a lot for the rest of
    11·2 answers
  • JPL Company has two segments - Retail and Commercial. The Retail segment has a contribution margin ratio of 40% and traceable fi
    14·1 answer
  • Which of the following is an example of business-to-consumer electronic commerce? Select one: a. Brenda files her income tax onl
    12·1 answer
  • A ________ is a distinctive group of customers within a larger market who are similar to one another in some way and whose needs
    12·1 answer
  • Find four rational numbers between 2/3 and 3/4 plz help tomorrow is my exam​
    14·2 answers
  • Problem solving and critical thinking are ______ because they use logic and reasoning to develop and evaluate options
    6·1 answer
  • Which type of selling method sells the oldest inventory first?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!