Bankruptcy does not clear all the debt. Under Bankruptcy, not all debts can be discharged, however, and some are very difficult to discharged.
What is Bankruptcy?Bankruptcy is a legal process in which individuals or other organizations who are unable to repay their debts to their creditors may seek relief from some or all of their debt.
In many places, a lawsuit was probably settled out of court, as the debtor was likely to pay.
Bankruptcy gives people in debt the opportunity to restart by closing or by restructuring. In both cases, the court may impose a fine on the debt.
Once the debt has been settled, the lender will no longer be able to take action against the debtor, such as trying to collect debt or take any security.
Thus, Option a. bankruptcy erases all of your debt is the correct answer.
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Eric bought a garden tractor at Home Depot using his Home Depot credit card. Soon after, he lost his job and could not make any payments on his Home Depot credit card, not even the minimum required payment. Which of the following statements is likely true?
The thing that will happen is that Eric will likely lose the garden tractor that was brought since it was through a credit card.
What is a credit?It should be noted that credit simply means buying something with the aim of future repayment.
In this case, the thing that will happen is that Eric will likely lose the garden tractor that was brought since it was through a credit card.
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How long does it take for tax return to be deposited?.
Answer:
about six to eight weeks
Explanation:
If you file a complete and accurate paper tax return, your refund should be issued in about six to eight weeks from the date IRS receives your return. If you file your return electronically, your refund should be issued in less than three weeks, even faster when you choose direct deposit.
Alison needs to evaluate the performance of her employees. She uses a rating scale that ranges from 1 to 10, with 10 being the best, to rate 50 employees. She gives a score of three to 39 out of the 50 employees. In doing so, she commits a __________ error.
The evaluation process by which Alison gives a score of 3 to 39 candidates out of 50 shows that she committed a strictness error
What is a strictness error?Strictness error is a typical management error in which a supervisor is overly severe in evaluating staff performance, resulting in decreased motivation and performance in the employee's work.
Strictness error demonstrates the propensity to rank everyone on the bottom end of the scale and to be unduly critical of the performance.
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Fixed costs are $900000 and the variable costs are 60% of the unit selling price. What is the break-even point in dollars
Based on the fixed cost and the variable cost percentage, the break-even point in dollars is $2,250,000.
What is the breakeven point when given the variable cost percentage?When you have the fixed cost and the variable cost percentage, the break-even point in dollars is:
= Fixed cost / Contribution margin ratio
= Fixed cost / (1 - Variable cost percentage)
Solving gives:
= 900,000 / ( 1 - 60%)
= $2,250,000
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Managers from multiple functions can come together as part of a _______ to solve a specific corporatewide problem.
Managers from multiple functions can come together as part of a task force to solve a specific corporatewide problem.
Who is a manager?It should be noted that a manager simply means an individual in and organization that controls and guides the team to achieve the goals of the organization.
In this case, managers from multiple functions can come together as part of a task force to solve a specific corporatewide problem
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A company applies overhead on the basis of direct labor hours. The manager held accountable for the variable overhead efficiency variance is generally the same manager who is responsible for the ______.
Answer:
direct labor efficiency variance
Explanation:
The manager held accountable for the variable overhead efficiency variance is generally the same manager who is responsible for the Direct labour efficiency variance.
What is the overhead?Overhead is also known as overhead expense, is a continuing cost of doing business. Overheads are expenses that, unlike operating expenses such as raw materials and labour, cannot be easily traced to or identified with any specific revenue unit.
Overheads are business costs associated with the day-to-day operation of the business. Overhead costs vary according to the nature of the business and the industry in which it operates.
Overhead costs play an important role in determining how much a company must charge for its products or services in order to turn a profit.
Therefore, The manager responsible for the variable overhead efficiency variance is usually the same manager responsible for the direct labour efficiency variance.
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Improvements in the productivity of labor will tend to:.
Answer:
Increase output
Explanation:
Increasing productivity of labor will result to greater MPP (Marginal Physical Product) per unit of labor (or worker). That means greater output.
Suppose a tax of $2 per unit is imposed on this market. how much will buyers pay per unit after the tax is imposed
Answer:
it would between 5 to 7 dollars
Explanation:
SORRY IF THIS IST CORRECT
-dani
Transactions and events that affect net income such as the production and purchase of inventory, the sale of goods and services to customers, and the expenditures to run a business are classified as:
The classification of transactions that affect net income and the expenditures to run a business are classified as operating activities.
What is Inventory?This refers to the record-keeping of the number of goods available in a warehouse for easy financial accounting.
Hence, we can see that based on the classification of net income based on events that affect net income and the expenditures to run a business are classified as operating activities.
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Why do I have eight brainiest but it still won't progress me to above ambitious it says I still need 5.
Answer:
because you might have had it before you made this role
Explanation:
If the demand for a life-saving drug was perfectly inelastic and the price doubled, the quantity demanded would
Which statement best summarizes the information on these graphs? many bolivians are farmers, but the agriculture sector does not produce much in terms of gdp. industry in bolivia has grown very important to that country’s economy in recent years. bolivia is investing large sums of money in education in an effort to encourage economic growth. bolivia must depend on agriculture if it intends to have a healthy economic future.
These graphs show information regarding Bolivia's workforce. Many Bolivians are farmers but the agricultural sector does not produce much in terms of GDP.
What do you mean by GDP?GDP refers to the total market value of goods, products, or services that are produced within a country.
These graphs show Bolivia's workforce information. Many Bolivians are farmers but the agricultural sector does not produce much in terms of GDP.
Therefore, A is the correct option.
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Answer: A
Explanation:
According to the path-goal theory, the participative style is recommended when group members are performing repetitive tasks.
a. True
b. False
Answer:
B. False
Explanation:
According to the path-goal theory, the participative style is recommended when group members are performing repetitive tasks is False.
Define a debit note and a credit note. In what circumstances are they used?
Answer:
a debit note is seperate from an invoice and informs a buyer of current debt obligations. A debit note is also a document created by a buyer when returning goods received on credit. In the case of returned items, the note will show the credit amount, the inventory of the returned items, and the reason for the return.
a credit note is a commercial document issued by a seller and sent to the buyer when there is a reduction in the amount payable to the seller. by issusing a credit note the seller promises to pay back the reduced amount or adjust it in a subsequent transaction.
Explanation:
In the context of partnerships, _____ are funds distributed directly from the business. They are usually in the form of a cash dispersion in advance of salary, bonus, and expected year-end distribution.
In the context of partnerships, drawings are funds distributed directly from the business.
What are partnership drawings?Partnership drawings are funds distributed from the business to partners.
They are usually in the form of a cash dispersion in advance of salary, bonus, and expected year-end distribution.
Thus, in the context of partnerships, drawings are funds distributed directly from the business.
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Last year Shady McShade had a $1,750 favorable total materials variance and a $1,000 favorable materials quantity variance. What was the materials price variance last year
The materials price variance last year for Shady McShade is $750 favorable.
What is materials price variance?The materials price variance is the difference between the standard cost and the actual cost per unit multiplied by the actual units used in production.
The materials price variance can be computed as the budgeted price per unit minus the actual price per unit and multiplied by the actual quantity of direct material used.
Data and Calculations:Total materials variance = $1,750 favorable
Materials quantity variance = $1,000 favorable
Materials price variance = $750 favorable ($1,750 - $1,000)
Thus, the materials price variance last year for Shady McShade is $750 favorable.
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In a ________, two or more companies at the same channel level join together to develop a new marketing opportunity.
Horizontal marketing is when two or more companies at the same channel level join together to develop a new marketing opportunity.
What is horizontal marketing?Horizontal marketing system refers to the act where two or more companies unrelated to one another standing at the same level come together .
It is to be noted that horizontal marketing lay emphasis on increasing exposure and demand within a broader and more diverse market view.
Hence, horizontal marketing is when two or more companies at the same channel level join together to develop a new marketing opportunity.
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Unit price times quantity sold is ______. Multiple choice question. the break-even point total variable cost total profit total revenue
It should be noted that the Unit price of goods times quantity of goods sold is total revenue.
What is Total revenue?Total revenue serve as the overall amount of total sales of goods and services.
The total revenue can be calculated by multiplying the total amount of goods and services sold with the price of the goods .
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Select the correct answer from the drop-down menu. which decision-making style is also referred to as the ostrich style? a (an) is a decision-maker who is compared to an ostrich, because of their common approach toward crises or problems.
Answer:
Evader
Explanation:
"ostrich style"--ignores the decision
Answer:
Evader
Explanation:
I took the test in Edmentum!
Before contacting prospects, a salesperson for a company that produces large paper product folding machines analyzes information about the prospects' product needs, feelings about brands, and personal characteristics. This process is called
If a salesperson produces a paper that analyzes information about prospect's needs and feelings about brands, such process is known as a Pre-approach process.
What is a Pre-approach process?This is a process where preparation are done about customers by a salesman before approaching them.
The process is when the salesman analyzes information about the prospects needs and feelings about brand.
Therefore, the process is known as a Pre-approach process.
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Why is it necessary for the housekeeping supervisor to ensure employees discipline in the workplace?
Answer:
Discipline is crucial at workplace as it ensures employees behave in a decent way and also maintain the decorum of the workplace.
What is the value of a put option at expiry if the stock price is 'S' and the exercise price is 'X'?
Answer:
A put option is out of the money if the strike price is less than the market price of the underlying security. The holder of an option contract can exercise the option at any time before expiration.
Explanation:
hope this helps if not please let me know
If the stock price of a put option is less than the market value of the underlying securities, the option is out of the money. Anytime before expiration, the holder of an option contract may exercise the option.
What is meant by stock price?The current price is the cost at which a securities most recently traded hands on an exchange. The current price serves as a reference point for both buyers and sellers.
Although current pricing is a strong indicator of present value, the actual price of the subsequent sale may vary based on supply and demand.
To determine the value of the shares for traders, multiply the most recent share price by the number of outstanding shares. A different method for calculating a share's price is the price to earnings ratio.
Thus, If the stock price of a put option is less than the market value of the underlying securities.
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If a company exchanges an asset with a book value of $260,000, an original cost of $500,000, and a fair value of $300,000 plus cash of $100,000 for a new asset, what is the gain or loss recognized on the transaction?.
The gain that would be recognised on the exchange of the asset by the company is $140,000.
What is the gain on the asset?
The gain on the exchange of an asset is recorded when the fair value is greater than the book value of the asset. The gain on the exchange is sum of the difference between the fair value and the book value and the cash.
Gain = (fair value - book value) + cash
($300,000 - $260,000) + 100,000 = $40,000
Data _____ tools are tools that provide advanced statistical analysis to uncover problems and opportunities hidden within business data
Data mining tools are tools that provide advanced statistical analysis to uncover problems and opportunities hidden within business data
Hope that helps!
Which of the following is something that will not affect your homeowners insurance premium? a. the age of the home b. the size of the home c. the color of the home d. the location of the home
Answer:
The color of the home.
Explanation:
All other options affect your insurance rates.
The color of the home will not affect your homeowners insurance premium. Option (c) is correct.
What do you mean by Location?The spot where a specific point or object is found is called its location. Geographically speaking, location is a key concept and is typically regarded as being more specific than "place." A locale is a place where people live, such as a city, town, hamlet, or even an ancient location.
You pay a premium when you purchase an insurance policy. Your recurring payments for many popular insurance products, such as life, car, business, homeowners, and renters, are known as premiums. Your policy could be cancelled if you don't pay your premiums.
The total amount paid to an insurer for insurance is referred to as a premium. A fire service levy, an emergency service levy, and GST might be included. It excludes any amount of duty or a charge paid to an intermediary. When it is received by the insurer, broker, or agent, a premium is considered paid.
Therefore, Option (c) is correct. The color of the home.
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A company has Total Assets of $135,000 including $29,000 in Accounts Receivable, and Net Sales of $380,000. Days' sales uncollected is ____ days.
Based on the total assets, the amount of accounts receivables and the net sales, the days sales uncollected is 27.4 days.
What is the Days' sales uncollected?This can be found by the formula:
= Accounts receivable / Net sales x 365 days
Solving gives:
= 29,000 / 380,000 x 365
= 27.9 days
In conclusion, the day's sales uncollected is 27.9 days.
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Which standards organization functions as a clearinghouse for many types of standards development in the U.S.
Answer: ANSI
Explanation:
Suppose the owners of the bank borrow $100 to supplement their existing reserves. This would increase the reserves account and:.
When the owners of the bank borrow $100 to supplement their existing reserves, it'll increase the reserves account and debt account.
What is a reserve account?It should be noted that a reserve account simply means the accumulation of funds that are used for future purpose.
In this case, when the owners of the bank borrow $100 to supplement their existing reserves, it'll increase the reserves account and debt account.
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What component at the core of the ERP system allows all business functions to access current and consistent data for operational decision making
The component at the core of the ERP system that allows all business functions to access current and consistent data for operational decision making is database.
What is database?Database can be defined as the place where information or data are store electronically on a computer system in which the store data can easily be access by extracting the data when needed.
Most companies tend to maka use of database to store large amount of information in which those store information can be access during operational decison making process.
Inconclusion database is a component at the core of the ERP system.
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inflation deflation where it fits best
Answer
i was gonna help but im not really sure what you are asking
Explanation: