Prices let business owners know which products consumers want and which ones they don't.
Prices therefore provide information to business owners about which sectors of the industry they might like to develop into and others they are more likely to lose money in. True. consumers The entrepreneur will see that it is not practical to open up shop in a particular location if prices are either too high or too low to satisfy a desired profit level. They might conclude that it would take too long or produce too much instability. Prices let business owners know which products consumers want and which ones they don't. Prices therefore provide information to business owners about which sectors of the industry they might like to develop into and others they are more likely to lose money in.
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who do you think should be the recipients of project proposal
Answer:
The Employers/Head Company
Explanation:
You're pitching this to someone in charge, who might do some with the project.
T_
------ Y
Robotics and automation are increasingly used in
the travel and tourism industry to handle labour
intensive and mundane tasks.
Answer:
Yes.robotics and automation are increasingly used in the travel and tourism industry of handle labour intensive and mundane tasks
Sometimes the government will step in when they feel the need to encourage competition in
a particular industry and to break up companies that have nearly complete control over a
particular market. What is it called when the government initiates action against companies
that appear to have too much power?
A.consumer protection
B.OSHA
C.monopolies
D.antitrust suits
Consider the following simplified financial statements for the wesney corporation (assuming no income taxes): income statement balance sheet sales $ 39,400 assets $ 29,200 debt $ 9,400 costs 34,700 equity 19,800 net income $ 4,700 total $ 29,200 total $ 29,200 the company has predicted a sales increase of 15 percent. It has predicted that every item on the balance sheet will increase by 15 percent as well. Create the pro forma statements and reconcile them. (input all amounts as positive values. Do not round intermediate calculations. )
The pro forma financial statements project the future financial performance of the company, assuming a 15% increase in sales and all other items on the balance sheet. These statements are useful in making financial decisions such as budgeting, forecasting, and investment analysis.
Pro forma financial statements are projected financial statements that indicate the expected future performance of a company. In this case, we need to create pro forma income statement and balance sheet for Wesney Corporation assuming a 15% increase in sales and all other items on the balance sheet.
The pro forma income statement can be created by multiplying each item on the income statement by 1.15 to reflect the 15% increase in sales. Thus, the projected sales, costs, and net income will be $45,310, $39,905, and $5,405 respectively.
The pro forma balance sheet can be created by multiplying each item on the balance sheet by 1.15. The projected total assets, total debt, and total equity will be $33,580, $10,810, and $22,770 respectively.
To reconcile the pro forma financial statements, we need to ensure that the balance sheet equation balances. The equation is: Assets = Liabilities + Equity. By summing up the projected total liabilities and equity, we get a total of $33,580, which is equal to the projected total assets.
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Engi Sola Corp. Manufactures solar engines for tractor trailers. Given the fuel savings available, new orders for 125 units have been made by customers requesting credit. The variable cost is $9,700 per unit, and the credit price is $11,100 each. Credit is extended for one period. The required return is 1.9% per period. If Engi Sola extends credit, it expects that 30% of the customers will be repeat customers and place the same order every period forever, and the remaining customers will be one-time orders.
Answer:
The net present value (NPV) of the decision to grant credit is $2,938,157.89.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
Engi Sola Corp. Manufactures solar engines for tractor trailers. Given the fuel savings available, new orders for 125 units have been made by customers requesting credit. The variable cost is $9,700 per unit, and the credit price is $11,100 each. Credit is extended for one period. The required return is 1.9% per period. If Engi Sola extends credit, it expects that 30% of the customers will be repeat customers and place the same order every period forever, and the remaining customers will be one-time orders.
Calculate the NPV of the decision to grant credit.
The explanation of the answer is now given as follows:
Number of new orders = 125 units
Percentage of repeat order = 30%
Number of order that will be repeated forever = Number of new orders * Percentage of repeat order = 125 * 30% = 37.50 units
Credit price per unit = $11,100
Variable cost per unit = $9,700
Contribution margin per unit = Credit price per unit - Variable cost per unit = $11,100 - $9,700 = $1,400
Total contribution for all new order = Number of new orders * Contribution margin per unit = 125 * $1,400 = $175,000
Total contribution margin for order that will be repeated forever = Contribution margin per unit * Number of order that will be repeated forever = $1,400 * 37.50 = $52,500
Net present value (NPV) of total contribution margin for order that will be repeated forever = Total contribution margin for repeated order forever / Required return = $52,500 / 1.9% = 2,763,157.89
Net present value (NPV) of the decision to grant credit = Total contribution for all new order + NPV of total contribution margin for order that will be repeated forever = $175,000 + 2,763,157.89 = $2,938,157.89
Therefore, the net present value (NPV) of the decision to grant credit is $2,938,157.89.
how to get all one hundreds on report card
Answer:
well thats easy all you have to do is get a good grade on every single assignment in every class
Explanation:
which is very hard
Answer:
To do your work and stop asking how to get around it on Brainly. Please don't cheat, your teacher can see past that, especially when you copy verbatium like I bet you do.
Explanation:
you are in a meeting receiving your performance review and are surprised that your supervisor has offered you many suggestions for improvement. how should you react to the criticism? group of answer choices interrupt your supervisor frequently to comment on his or her suggestions so that you don't miss giving feedback on anything. try to deflect blame for anything negative said to others in your department. ask for clarification of comments when necessary. to avoid any type of confrontation with your supervisor, agree with all comments made.
In a meeting receiving your performance review, if your supervisor offers you many suggestions for improvement, the best way to react to the criticism is to ask for clarification of comments when necessary.
This shows that you are engaged and open to understanding their feedback. Interrupting your supervisor frequently to comment on their suggestions is not advisable as it may be seen as disrespectful and disruptive.
Deflecting blame onto others in your department is also not recommended, as it shows a lack of accountability. Additionally, to avoid any type of confrontation with your supervisor, agreeing with all comments made may not be the most constructive approach.
Instead, seek clarification to gain a better understanding of their expectations and areas for improvement.
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criteria and constraints help in deciding which methods to use when extracting useful chemicals from pomace. which option is an example of an important constraint on a process?
Criteria and constraints help in deciding which methods to use when extracting useful chemicals from pomace. An example of an important constraint on a process is the availability of resources.
Pomace is a by-product generated during the process of fruit juice production, specifically from the wine grape. The pomace contains numerous valuable compounds that can be extracted for various applications such as food, nutraceuticals, and cosmetic industries. To extract these valuable compounds, several methods can be used.
Criteria and constraints to consider when extracting useful chemicals from pomace Criteria refer to the conditions that must be met for the extraction process to be considered successful, while constraints are factors that limit the extraction process. Some of the criteria and constraints to consider when extracting useful chemicals from pomace are:Yield: This is the amount of useful chemicals obtained from the pomace after extraction.
The higher the yield, the better the method used.Quality: The quality of the extracted chemicals should meet the desired standard.Cost: The cost of the extraction process should be affordable.Environmental impact: The method used for the extraction should be environmentally friendly.Availability of resources: The availability of resources should be considered when choosing an extraction method.Safety: The extraction method should not pose any health risk to the operator or end-user.
Constraint as an example of an important constraint on a processWhen extracting useful chemicals from pomace, availability of resources is an important constraint on the process. The extraction of useful chemicals from pomace requires the use of resources such as solvents, water, and energy. Therefore, the availability of these resources will determine the method of extraction to use. If the resources are scarce, a less resource-intensive extraction method may be used, while if resources are readily available, a more resource-intensive method can be used.
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Arielle is in high school and is considering a career pathway to pursue after graduation. She has always done best in math classes and enjoys complex problems. In fact, when her friends make costumes and decorations for parties, she is more interested in organizing the supplies for the party and determining the costs involved. Which career pathway would best fit with the skills Arielle displays when helping plan parties?
Answer:
its b
Explanation:
i took the test and got a 80%
The career pathway that would best fit with the skills Arielle displays when helping plan parties is Consumer Services. Thus the correct option is B.
What is a Career?A person's choice of career path to earn money is referred to as their career. An individual's career is based on his or her talents, skills, and abilities, which support his or her pursuit of personal growth and development and achievement of life's objectives.
In the given case, it is explained that Arielle is in high school and looking for choosing a career pathway where she had a great interest in maths in enjoying complex problems.
In the given case, it is reflecting that she has a great interest in organizing the supplies which come under consumer services and providing better satisfaction.
Therefore, option B is appropriate.
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The complete question is probably
Arielle is in high school and is considering a career pathway to pursue after graduation. She has always done best in math classes and enjoys complex problems. In fact, when her friends make costumes and decorations for parties, she is more interested in organizing the supplies for the party and determining the costs involved. Which career pathway would best fit with the skills Arielle displays when helping plan parties? Personal Care Services Consumer Services Mental Health Services Early Childhood Development and Services.
what is federal income tax of someone who makes 52,000 a year in 2020
What are the positive environmental trends seen today?
Many industries are taking measures to reduce the use( _gold,carbon dioxide,ozone_) of -depleting substances and are turning to(_scarce,renewable,non-recyclable_) energy sources though they may seem expensive.
choose one of those 3 option to fill the blank(___)
Although they may seem pricey, many sectors are moving toward renewable energy sources in an effort to limit their use of ozone-depleting compounds as seen in environmental trends.
Renewable energy is energy that is derived from resources that can be renewed naturally through time, on a human timescale. It comes from a variety of sources, including sunlight, wind, water currents, and geothermal heat. Some renewable energy sources are not sustainable, despite the fact that most of them are.
For instance, certain biomass sources are regarded as non-sustainable at the present rate of extraction. Air and water heating and cooling, as well as stand-alone power systems, are frequently powered by renewable energy. Although initiatives involving renewable energy are often large-scale, they are also suitable for rural, distant, and underdeveloped nations, where energy is frequently essential for human growth. It has various advantages when renewable energy is used in conjunction with increased electrification.
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1. What is the annual percentage rate (APR) for this credit card?
2. For cash advances what is the APR?
3. What three things would move the APR for the balance on this credit card to 28.99%?
4. What is the annual fee that customers are charged for holding this credit card?
5. If you decided to transfer the balance from another credit card to this credit card, what would be the fee charged?
a. What would be the APR charged for the transferred balance?
6. What is the fee for a cash advance?
7. If you use this credit card in a foreign country, what would be the fee on each transaction you made in the foreign country?
8. If you are late on making a payment, what would be the fee charged?
9. What would be the fee charged if you went over your credit limit?
Answer:
1. For purchases, the APR during an introductory period is either 8.99% or 10.99% or 12.99% depending on creditworthiness. After the introductory period the APR is 14.99%
2. Cash advance monthly rate changes based on what the Prime Rate is that month + 14.99% so if the prime rate is 3, add 14.99 to that so 17.99% of the amount received in cash. So if you take $200 cash advance, the amount charged at 17.99% would be 0.1799 x 200 =$35.98.
3. If the card holder does any of the following: makes a late payment, goes over their stated credit limit, make an account payment that is returned, or commit the afore mentioned acts on another account held by this same creditor the APR is then increased to 28.99%.
4. The annual fee charged for the credit card is $20.
5. The fee for a balance transfer is Either $5 or 3% of the amount that is transferred or $100 (whichever is greater) to this card from another account.
a. The APR charged for a balance transfer is 15.99%, but would vary based on the market Prime Rate.
6. Fee for cash advance is $5 or 3% of the amount of cash advance taken - whichever amount is largest.
7. 2% of the amount charged (in US dollars) in a transaction.
8. A late fee of $25 will be charged on an account with a balance of $999 or less. If the account balance if over $1000 the late fee of $35 will be charged and the APR will increase to 28.99%.
9. A fee of $29 is charged for accounts that exceed the credit limit in addition to an APR increase to 28.99%
Explanation: explanations are with the answers listed above.
what type of business did david and patrick own in ""schitt’s creek""?
Rose Apothecary I believe.
Which step of the legislative process is missing?
with answers in screenshot
What expenses do you need to budget for if you choose to buy a home? Check all that apply.
A. a mortgage payment
B. a rent payment
C. homeowners insurance
D. renters insurance
E. property taxes
F. a security deposit
G. a down payment
H. utility payments
If you choose to buy a home, you will need to budget for the following expenses:
A mortgage payment (A): This is the monthly payment you make to the lender to pay off the loan you took out to purchase the home. It typically includes both the principal (the amount you borrowed) and the interest (a fee charged by the lender for lending you the money).Homeowners insurance (C): This insurance protects your home and belongings in the event of damage from natural disasters, accidents, or theft. It is typically required by mortgage lenders and is usually paid for annually or semi-annually.Property taxes (E): These are taxes that you pay to the government based on the value of your property. The tax rate and frequency of payment vary depending on where you live.A down payment (G): This is the initial payment you make towards the purchase of your home, which is typically a percentage of the home's purchase price. The larger the down payment, the lower your monthly mortgage payment will be.Utility payments (H): These are payments for services such as electricity, water, gas, and internet, which you will need to pay monthly.You do not need to budget for a rent payment or renters insurance if you are buying a home. However, if you are renting a home or apartment, you will need to budget for rent payments and renters insurance. A security deposit may also be required when renting, which is typically a one-time payment equal to one month's rent.
What expenses do you need to budget for if you choose to buy a home? Check all that apply.
✔️ a mortgage payment
❌ a rent payment
✔️ homeowners insurance❌ renters insurance
✔️ property taxes❌ a security deposit
✔️ a down payment✔️ utility paymentsI Took Assignment And Have a Nice Day.
How does the financial market impact the economy?
Financial markets help to efficiently direct the flow of savings and investment in the economy in ways that facilitate the accumulation of capital and the production of goods and services.
The needs of borrowers and lenders are met by the combination of well-established financial markets and institutions as well as a wide range of financial products and instruments, which benefits the economy as a whole.
Investors can specialize in specific industries or services, diversify their risks, or do both thanks to financial markets (like those that trade stocks or bonds), instruments (including bank CDs, futures, and derivatives), and institutions (like banks, insurance companies, mutual funds, and pension funds). Financial markets and financial institutions, collectively contribute to economic growth; nevertheless, the relative proportion of the two does not seem to be a significant determinant in growth.
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Calculate the present worth of the new route assuming the El Grande vehicle model is chosen. The purchase price of the vehicle is $250,000; the vehicle will require annual maintenance and operating costs of $12,000; it is expected to be sold for $70,000 in 10 years. The new route is expected to result in additional annual net revenues of $62,000. Calculate the present worth of the new route for the 10-year period of one cycle. Explain whether the new route should be accepted or rejected and why
If the present worth of the new route is positive, it means that the benefits outweigh the costs and the route should be accepted. If the present worth is negative, it means that the costs outweigh the benefits and the route should be rejected.
To calculate the present worth of the new route, we need to consider the purchase price of the vehicle, annual maintenance and operating costs, expected resale value, and additional annual net revenues.
1. First, calculate the total costs over the 10-year period:
- Purchase price: $250,000
- Maintenance and operating costs: $12,000/year x 10 years = $120,000
- Resale value after 10 years: $70,000
Total costs = Purchase price + Maintenance costs - Resale value
= $250,000 + $120,000 - $70,000
2. Next, calculate the total additional net revenues over the 10-year period:
- Additional annual net revenues: $62,000/year x 10 years = $620,000
3. Calculate the present worth of the new route:
Present worth = Total additional net revenues - Total costs
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Last year, Alfred earned $5,000, Betty earned $50,000, and Charlie earned $500,000. If they all pay a 35% tax on all their incomes, the tax would be described as a(n)
a progressive
b proportional
c excise
d regressive
The Federal Reserve can alter the business cycle through the use of
a monetary policy
b commercial banks
c fiscal policy
d unemployment legislation
The purpose of expansionary fiscal policy is to
a prevent hyperinflation
b increase the separation between Government and private industry.
c Increase output (GDP)
d slow the growth of GDP
Answer:
b. proportional
a. monetary policy
c?. increase output?
Explanation:
Hesitant on #3 because it could technically be considered a as well, but c marks its primary purpose.
heineken starts with barley. what is the process of preparing the barley called?
growing the characteristic balanced Heineken taste. Our A-Yeast is happiest with a large surface vicinity which is possible in our horizontal fermentation tanks.
Image result for Heineken starts offevolved with barley. what is the system of getting ready the barley called?
Brewing
Brewing is the manufacturing of beer by using steeping a starch supply (commonly cereal grains, the most popular of which is barley) in water and fermenting the ensuing candy liquid with yeast.
It may additionally be finished in a brewery with the aid of a business brewer, at home by means of a homebrewer, or communally.
Where does Heineken get their barley?The relevant crop in every united states relies upon on the local conditions and the CREATE task focuses on malt barley in Ethiopia, maize in Rwanda and sorghum in Sierra Leone. Supplying higher-yielding barley seeds and training are key elements of the CREATE project in Ethiopia.
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According to the office of federal contract compliance programs (ofccp), one of the criteria for an individual to qualify as an internet applicant for a job is to: group of answer choices post his or her resume on a third-party job board. Simply use the internet to find potential jobs for oneself. Send an e-mail inquiry about the job. Submit an expression of interest in employment through the internet
Option d: According to the office of federal contract compliance programs, criteria for an individual to qualify as an internet applicant is submit an expression of interest in employment through the internet.
Federal Contract Enforcement Services Agency is part of the US Department of Labor.
OFCCP is responsible for ensuring that workers doing business with the U.S. government comply with the required antidiscrimination laws and regulations.
A compliance review is a form of enforcement review in which OFCCP seeks to assess whether a vendor maintains such records.
Details of her AAP report, job listings and housing for people with disabilities over the past year.
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Complete question:
According to the office of federal contract compliance programs (ofccp), one of the criteria for an individual to qualify as an internet applicant for a job is to: group of answer choices
a: post his or her resume on a third-party job board.
b: Simply use the internet to find potential jobs for oneself.
c: Send an e-mail inquiry about the job.
d: Submit an expression of interest in employment through the internet
article 9 of the code of ethics about written agreements requires realtors® to
Article 9 of the Code of Ethics about written agreements requires Realtors to make reasonable efforts to reduce their verbal agreements to written agreements.
The National Association of Realtors has a code of ethics that each member must follow. The code of ethics serves as a guideline to ensure that members act professionally and ethically in their dealings with clients. One of the most important provisions in the Code of Ethics is Article 9, which relates to written agreements. Article 9 requires Realtors to make a reasonable effort to reduce their verbal agreements to writing.
This requirement is essential because it helps prevent misunderstandings between Realtors and their clients. By putting their agreements in writing, the parties can avoid confusion over what was agreed upon and have a clear record of their understanding if any disputes arise in the future. Realtors can create written agreements using standard forms approved by their local or state Realtor association or legal counsel. Therefore, Article 9 of the Code of Ethics requires Realtors to make reasonable efforts to reduce their verbal agreements to written agreements.
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Discuss the statement: "consistent financial statements are
necessary but not sufficient for accurate financial statements."
(500-700 words)
By maintaining consistency and accuracy, financial statements become reliable sources of information that aid in decision-making for investors, creditors, and other stakeholders.
The statement "consistent financial statements are necessary but not sufficient for accurate financial statements" highlights the importance of consistency in financial reporting. While consistent financial statements are crucial, they alone do not guarantee accuracy. To better understand this concept, let's break down the statement into two key components: consistency and accuracy.
1. Consistency in Financial Statements:
Consistency refers to the application of accounting principles and methods consistently over time. It ensures that financial statements are comparable from one period to another, allowing users to make meaningful comparisons and identify trends. Consistent financial statements have the same accounting policies, measurement techniques, and presentation formats across different reporting periods.
For example, if a company changes its depreciation method from straight-line to accelerated in one year, it may affect the comparability of financial information across years. However, if the company consistently applies the accelerated method in subsequent years, the financial statements become more consistent, allowing users to analyze the company's financial performance more accurately.
2. Accuracy in Financial Statements:
Accuracy implies that financial statements reflect the true financial position, performance, and cash flows of an entity. Accuracy is achieved when the financial statements are free from errors, material misstatements, and omissions. It requires the use of reliable and verifiable information, adherence to accounting principles, and proper application of estimation techniques.
While consistency is essential for meaningful analysis, it alone does not guarantee accuracy. Accurate financial statements should also comply with generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS), as applicable. These standards provide guidelines for proper recognition, measurement, and disclosure of financial information.
In other words, consistent financial statements can still be inaccurate if the underlying information or accounting treatments are flawed. For example, if a company consistently undervalues its inventory or fails to disclose material liabilities, the financial statements may be consistent over time, but they would not accurately represent the company's financial position.
In conclusion, consistent financial statements are necessary as they allow users to compare financial information over time. However, they are not sufficient on their own to ensure accuracy. Accuracy in financial statements requires adherence to accounting principles, reliable information, and proper application of estimation techniques. Therefore, both consistency and accuracy are vital for the preparation and interpretation of financial statements. By maintaining consistency and accuracy, financial statements become reliable sources of information that aid in decision-making for investors, creditors, and other stakeholders.
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what is a table in economics and state 5 characteristics of a table
A table is a systematic arrangement of data implementing columns and rows to display information which make it easier for better understanding.
Table number: A table should always be numbered for easy identification
Title of the table
Stubs: These refer to the headings of horizontal rows.
Captions: these refer to the headings of vertical columns
Clear, to the point and a suitable font/ size for the text. Information must be inserted in the same format into the appropriate cells
there is a surplus of a new brand of cereal on the market. what will likely happen to the price of the cereal?
Answer:
The price of the cereal would fall.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
When there is a surplus of a new brand of cereal in the market. What will likely happen to the price of the cereal is that the its price would fall.
________ refers to searching for information that is not immediately evident and sorting through that information to interpret what is important.
A) Competitive skimming
B) Data classification
C) Environmental scanning
D) Knowledge browsing
E) Information foraging
Answer:
C) Environmental scanning
Explanation:
Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment. The informations acquired through environmental scanning is then used by the executive management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.
The internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats.
Generally, the external environmental scanning gives an overview of the opportunities in the market as well as potential threats to an organization.
Hence, the search for an information that isn't immediately evident and sorting through or analyzing that information to interpret what is important to an organization is generally referred to as environmental scanning.
why do people care about their social status?
Answer:
because they could be very popular
Explanation:
can you give brainliest
The main types of markets are called _____.
residential
consumer
industrial
customer
MARKING BRAINIEST
Type the correct answer in the box.
Spell all words correctly.
What does stand for in the formula to calculate moving averages?
The moving averages method of sales forecasting has the formula:
In this formula, stands for
Answer:
Sales
Explanation:
S stands for sales. The moving averages formula uses sales figures from the previous periods to forecasts future sales. For example,
say, sales for 2015 were 100; 2016 were 120; 2017 were 110; and 2018,..130. Using the formula, the forecast for 2019 will be
Forecast 2019 = Sales 2015 + Sales 2016+ Sales 2017+ sales 2019 / 4
Forecast 2019 = 100 + 120 +110 + 130 / 4
Forecast 2019=115
Answer:
"sales for the latest month"
Explanation:
I got it right :)
Suppose that, before filing for bankruptcy, Stephen had been involved in an automobile accident. The attending officers determined that Stephen's blood-alcohol level was above the legal limit. An injured passenger in the other car sued Stephen and won a settlement. Further suppose that Stephen, as part of his Chapter 13 bankruptcy, attempted to discharge the car-accident settlement in addition to attempting to discharge his obligation for his children's college expenses. Would he be successful?
Answer:
No, because in bankruptcy repayment plans, certain debts are not dischargeable, including those related to injury or property damage caused while driving drunk.
Explanation:
Dischargeable debts are defined as amounts owed that can be wiped out by one's bankruptcy discharge.
Once the bankruptcy discharge is issued, creditors in such cases can no longer collect on the debts
An example of dischargeable debts is credit card debt and medical bills
In this scenario however where Stephen had been involved in an automobile accident and attending officers determined that Stephen's blood-alcohol level was above the legal limit.
Any debt in relation to the injured party cannot be discharged through bankruptcy
Prepare a balance sheet in proper format for the company as of December 31st based on the following accounts. Answer questions 8 through 10 based on this balance sheet.
Answer:
Total liabilities = $25,000
Explanation:
Missing information;
Accounts Payable = $5,000
Long-term Notes Receivable = $10,000
Accounts Receivable = $15,000
Accrued Expenses = $3,000
Cash = $10,000
Short-term Notes Payable = $7,000
Retained Earnings = $2,000
Accumulated depreciation = $2,000
Prepaid Expenses = $3,000
Capital Stock = $8,000
Supplies = $7,000
Find:
Total liabilities
Computation:
Total liabilities = Accounts Payable + Capital Stock + Short-term Notes Payable + Accrued Expenses + Retained Earnings
Total liabilities = 5000 + 8000 + 7000 + 3000 + 2000
Total liabilities = $25,000