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
suter [353]
3 years ago
6

A bankrupt who owns a house has the option of either paying the mortgage or losing his home. The court cannot reduce the amount

owed; its choice is to discharge the entire debt or leave it whole. Congress considered a bill that would permit a bankruptcy judge to adjust the terms of mortgages to aid debtors in holding onto their houses. Proponents argued that this change in the law would reduce foreclosures and stabilize the national housing market. Opponents said that it was not fair to reward homeowners for being irresponsible. How would you have voted on this bill?
Business
1 answer:
Olin [163]3 years ago
7 0

Answer: I will vote in favor of the bill.

Explanation:

Based on the above scenario, I would vote in favor of the bill. The argument here is in the case of bankruptcy, if an individual is willing to pay their dues but because of unavoidable financial circumstances, the individual seeks more time or other assistance which can help so that the person will later pay. I believe it's a good idea which should be supported by the law.

The court should have the right to decide terms of mortgages to help debtors in order for them to pay their debts in future rather than forcing them to leave the house. It will also help the country deal with issue of facilitating housing to maximum number of individuals.

In my opinion, the judge's decision should be given prime importance as the judge must evaluate the intention of the debtor and the capability of the debtor to pay the debts

You might be interested in
Why do you think people invest their money in options other than those with the highest returns (highest % interest)?
atroni [7]

Answer:Probably the highest return rates usually crash so they invest in smaller options with lower return rates. Explanation:

3 0
3 years ago
LM Products has total assets of $48,900, total debt of $21,750, long-term debt of $18,100, owners' equity of $27,150, dividends
kondaur [170]

Answer:

-$1,908

Explanation:

Current liabilities:

= Total debt - Long term debt

= $21,750 - $18,100

= $3,650

Retained earnings:

= Net income - Dividend

= $5,500 - $1,925

= $3,575

Increase in assets:

= Total assets × Percentage increase in sales

= $48,900 × 4%

= $1,956

Increase in liabilities:

= Current liabilities × Percentage increase in sales

= $3,650 × 4%

= $146

Increase in retained earnings:

= Retained earnings × (1 + 4%)

= $3,575 × 1.04

= $3,718

Therefore,

External financing need:

= Increase in assets - Increase in liabilities - Increase in retained earnings

= $1,956 - $146 - $3,718

= -$1,908

7 0
3 years ago
GANTT refers to the Generalized Activity Network Tracking Technique which was developed to better understand how variability in
Bingel [31]

Answer:

False.

Explanation:

GANTT refers to a chart that was developed by Henry L. Gantt, who was an american engineer and a social scientist, and is thus named after him. This chart is used to describe and illustrate various scheduled activities and the duration that each activity might take to complete. There is no full form for this word "GANTT". Therefore, the statement is false.

4 0
3 years ago
Large expenses such as the purchase of a new mri machine or the building of a new office is known as:
Degger [83]
These kind of expenses are under the capital costs. Capital costs are fixed costs acquired when you build the establishment in order to make it commercially operable. For example, when you want to open up your own clinic, you would have to build your own office and spend money to buy medical equipment and their installation costs. Moreover, you would have to spend on legal works to register and acquire your business permit. These costs are one-time only and incurred at the early stages of your milestones.
8 0
3 years ago
12. When computer professionals take on jobs, they may not enter into relationships with which of the
geniusboy [140]

Answer:

12. When computer professionals take on jobs, they may not enter into relationships with the:  

d) society

13. This does not come under the category of strongly differentiated profession:

c) policeman

14. This is not a characteristics of a profession:

d) happiness

15. This is a mutual right duty of employer and employee:

b) Work well done

Explanation:

There is no obvious relationship between a computer professional and the society.  While the computing profession is differentiated like a doctor's and an engineer's, the profession of a policeman is not so differentiated.  Any of these professionals can also work as policeman.  Every profession is known for its specific knowledge, code of ethics, and autonomy, among other characteristics.

7 0
3 years ago
Other questions:
  • In a _____________ organization, specialists from different parts of the organization are brought together on a temporary basis
    6·1 answer
  • ​May, Inc. had the following transactions in​ 2019, its first year of​ operations: bullet Issued 20 comma 000 shares of common s
    10·1 answer
  • Zero coupon bonds: Diane Carter is interested in buying a five-year zero coupon bond with a face value of $1,000. She understand
    11·1 answer
  • If you find yourself in a situation that you think might be escalating, what should you avoid doing?
    8·2 answers
  • The situation in which a person places greater value on a good as fewer and fewer people possess it is called the
    11·1 answer
  • Blackmon Brothers law firm used 165 legal pads over the last three weeks (15 days). It takes them three days to get more, and th
    8·1 answer
  • Agassi Corporation sells products for $90 each that have variable costs of $60 per unit. Agassi’s annual fixed cost is $450,000.
    6·1 answer
  • . Imagine you were in charge of security when a labor relations dispute started. The CEO told you they were bringing in new hire
    8·1 answer
  • What's is an example of decision making in college
    7·1 answer
  • The ___________________ is the institution designed to control the quantity of money in the economy and also to oversee the_____
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!