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hram777 [196]
4 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]4 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.

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Which of the following is an example of a rational motive?
MissTica
D I think, because Kim is buying the stove so she can cook
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3 years ago
The City of Lora issued $5,000,000 of general government, general obligation, 8%, 20-year bonds at 103 on April 1, 2017 20X7, to
spin [16.1K]

Answer:

$200,000

Explanation:

The value of the government obligation = $5,00,000, 8%, 20 years bonds payable at 103

Interest expenses = $5,000,000 * 8/100 * 6/12 = $200,000.

Thus, $200,000 will be reported as debt service expenses in the fiscal year 20X7.

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3 years ago
The replacement cost of an inventory item is below the net realizable value and above the net realizable value less the normal p
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Answer:

D. Replacement cost.

Explanation:

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Given that

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So we assume the following figures

Original cost $10

Net realizable value 9

Replacement cost 8

NRV less normal profit margin 7

As if we compare the original cost and replacement cost so the lower value is of replacement cost

hence, the same is to be considered

Therefore the correct option is D.

4 0
3 years ago
Ceteris paribus, based on the aggregate demand curve, if the price level _______ the quantity of real output _______ increases.
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The answer to your question Roxannecalixto is decreases and produced.
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A business_____________occurs when, for practical purposes, one firm purchases another.
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A business acquisition occurs when, for practical purposes, one firm purchases another.

<h3>What is acquisition?</h3>
  • A company makes an acquisition when it buys the majority or all of the shares of another company in order to take over that business. The acquirer can make choices on newly acquired assets without the consent of the target company's other shareholders if they purchase more than 50% of the target company's stock and other assets.
  • Acquisitions can happen with or without the target company's permission and are quite common in business. The approval process typically includes a no-shop restriction.
  • Because these enormous and major transactions frequently make the news, we frequently hear about the acquisitions of large, well-known corporations. In actuality, small- to medium-sized businesses merge and acquire one another more frequently than giant corporations.

To learn more about acquisition visit:

brainly.com/question/15855713

#SPJ4

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2 years ago
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