3 years ago

What is a cost of filing bankruptcy?

Business

1 answer:

nikitadnepr [17]3 years ago

5 0

Answer:

It appears on a consumer's credit report for up to 10 years

Explanation:

Bankruptcy is a legal means of declaring that a person or business cannot repay its debts.

The cost of filing for bankruptcy is that it damages credit and appears on a consumer's credit report for up to 10 years after it has been filed.

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Answer:

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Given:

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Net income = $70,000

Find:

ROE

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ROE = [Net income/Common equity]100

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