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3 years ago

Which is not a task of the bankruptcy trustee?

Business

2 answers:

klio [65]3 years ago

3 0

Answer:

The option which is not a task of the bankruptcy trustee is;

Represent the debtor when meeting with creditors

Explanation:

In a case of bankruptcy a bankruptcy trustee is assigned by the court and to whom the case information is handed to perform the following tasks

1) Converts the collected company assets to money

2) Assess the creditors (owed by the debtor) proof of claims

3) Allocate monetary refunds to the creditors

4) Upholds or refuse claimants to specific debts

5) Completes tax and other financial reports that are submitted to government agencies

Taya2010 [7]3 years ago

3 0

Answer:

Which is not a task of the bankruptcy trustee? That would be: Represents the debtor when meeting with the creditors.

Explanation:

Why? Because he is not a lawyer. He wouldn't really be able to do much in court.

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melisa1 [442]

Answer:

SEQUENTIAL INTERVIEW

Explanation:

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3 years ago

Simon graduated from Lessard University last year. He financed his education by working part-time and borrowing $16,000. During

elena55 [62]

Answer:

$1,400

$280

Explanation:

According to Internal Revenue code the interest expense can only be deductible as adjusted gross income deduction, if the qualified education loan is used only for study credit, higher educational expenses like enrollment in the course, cost of books and accommodation cost.

The maximum allowable interest deduction is $2,500.

Amount of Interest paid on the educational loan $1,400

Allowable deduction is Lesser of

maximum allowable interest deduction of $2,500.
Interest Payment on educational loan of $1,400.

Adjusted Gross Income $77,000

Formula

Educational Interest rate = (AGI - $65,000) / $15,000

Placing values in the formula

Educational Interest rate = ($77,000 - $65,000) / $15,000

Educational Interest rate = 1.13 = 0.8%

Allowable interest deduction = [ (lesser of interest deduction or interest payment on the educational loan) x ( 1 - Educational interest rate)

Allowable interest deduction = $1,400 x ( 1 - 0.8 ) = $280

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3 years ago

In words, what does it mean when an economic consultant states:" kevin's income elasticity of red wine is equal to 6?

Lady_Fox [76]

When an economist says that "Kevin's income elasticity of red wine is 6" he means that if Kevin's income increases by 10%, the quantity of red wine demanded by Kevin rises by 60%. So, red wine is income elastic. Since the income elasticity is greater than 1, red wine is a luxury good for Kevin.

Income elasticity measures the change in the quantity of goods demanded relative to a change in income.

If an increase in income results in a decrease in the quantity of goods demanded, then that good is an inferior or cheap good. The income elasticity of a cheap good is negative.

If the demand for a good rises with an increase in income, then that good is a normal good. The income elasticity of normal goods is greater than zero.

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3 years ago

For each of the following sentences, select the phrase or group of words that best completes the statement. Earnings per share D

raketka [301]

Answer:

Note <em>See complete and organized question as attached as picture below</em>

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Correct phrase: Percentage of earnings paid out as dividends.

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3 years ago

Why has america been referred to as the land of opportunity 1 point?

AVprozaik [17]

Easy to be an entrepreneur.

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3 years ago

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