Question 2 of 10
Which of the following are possible negative consequences of filing for
bankruptcy?
O A. Loss of employment
OB. Reduced and consolidated debt
O C. Increased credit score and reduction of debt
O D. Loss of property and lowered credit score

Question 2 Of 10Which Of The Following Are Possible Negative Consequences Of Filing Forbankruptcy?O A.

Answers

Answer 1

Answer:

D

Explanation:

Answer 2

The possible negative consequences of filing for bankruptcy is loss of property and lowered credit score. Option D is an appropriate response.

What is bankruptcy?

Through the legal process of bankruptcy, individuals or other entities that are unable to pay their creditors back can seek partial or complete relief from their debts. Bankruptcy is typically imposed by a court order that is frequently requested by the debtor. An organization files for bankruptcy when it is unable to pay its creditors or honor its financial commitments.

Bankruptcies are seen negatively by prospective lenders and are recorded as bad information on your credit report. If creditors discover a bankruptcy on your credit report, they can opt not to grant you credit or, if they do, they might do so with more expensive interest rates and unfavorable terms.

Your credit scores may suffer if you declare bankruptcy. Hence, the appropriate response is option D.

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Related Questions

intelligent industries recently purchased a $50,000, 10% 12-month bond. from intelligent’s point of view, this bond would be considered a

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from Intelligent’s point of view, this bond would be considered a current asset, because it represents a resource that can easily be converted to cash within one year.

A bond is a debt instrument. A bondholder is entitled to regular predetermined interest rate payments and at the end of the bond's tenure, the bondholder would receive the amount invested.

Current assets are assets that are expected to be sold, used, or exhausted through standard business operations with one year.

Examples of current asset are:

cash cash equivalents accounts receivablestock inventorymarketable securities pre-paid liabilities

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Which of the following have editors with specific expertise designated to specific sections
A. TV shows
B. Newspaper
C. Movie

Answers

It’s definitely newspaper no joke it definitely movie and tv show I don’t think so

Explain the term economic activity

Answers

Answer:

Economic activity is the activity of making, providing, purchasing, or selling goods or services. Any action that involves producing, distributing, or consuming products or services is an economic activity. Economic activities exist at all levels within a society.

Explanation:

CAN I GET BRAINLIEST

Calculate the total revenue if the firm produces 8 versus 7 units. Then, calculate the marginal revenue of the eighth unit produce

Answers

The total revenue at the 7th and 8th unit will be $1155 and $1280 respectively while the marginal revenue is $125.

From the complete information, the total revenue at the 7th unit will be:

= 165 × 7 = $1155

The total revenue at the 8th unit will be:

= 160 × 8 = $1280

The marginal revenue will be:

= $1280 - $1155 = $125

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what is a signed affidavit verifying self employment

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a sworn statement and written legal document that is under the oath of law typically used to show a court proof of employment

Brie has a really busy day. She has several tasks to do and she needs to get them all done by the end of the day. She’s worried that she won’t be able to complete them all. Which of the following actions should her get each task done?
A. NOT LOOK AT THE CLOCK
B. SAVE SOME TASK FOR TOMMOROW
C. SPEND TIME REORGANIZING HER "TO DO" LIST
D. IMPOSE A TIME LIMT ON EACH TASK

Answers

Answer : C

Explanation:

Brie has a really busy day. She has several tasks to do and she needs to get them all done by the end of the day. The following actions should her get each task done spend time reorganizing her "To Do List."

What is "TO DO LIST?

A to-do list is simply a list of tasks that need to be completed. In other words, pretty much anything and everything can be on your to-do list. However, just because you've written your tasks down doesn't mean they'll actually be done. You can prioritize your tasks and produce excellent work by keeping track of when they are due.

It is a list of things you need to get done or desire to do. They are usually arranged according to priority. They serve as a memory aid and are typically written on paper or post-it notes.

Further that TO DO LIST  have to complete is one of the core time management tools. It places all of your tasks in one location. From there, you can order them by importance and focus on the most crucial ones first.

Therefore brain is not the most effective memory tool and only relies on methods that it is certain will work.

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What is the term applied to the excess of net revenue from sales over the cost of merchandise sold?.

Answers

Answer:

gross profit

Explanation:

I took the test, good luck on the other questions

A budget that reports expected cash receipts and cash payments related to the sale and purchase of plant assets is called a: Multiple Choice Cash budget. Capital expenditures budget. Rolling budget. Sales budget. Production budget.

Answers

A budget that reports expected cash receipts and cash payments related to the sale and purchase of plant assets is called Capital expenditures budget

Capital expenditures budget shows the cash  amounts estimated to be used up for  the purchase of additional plant assets or expected from the sale of plant asset.

Most Capital expenditures are usually for huge projects or for long term assets.

After  a financial evaluation to estimate if a  company's return on investment targets are met, The Capital expenditure budget can then be reviewed to see what project to be done.

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overflow packages will have a color matched to it on the delivery app

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There are thousands of packages being delivered daily. he overflow packages will have a color matched to it on the delivery app, will have a color matched to it on the Rabbit’s “Scan to Verify” screen is a false statement.

A package is simply referred to as a small container that has a quantity of something that is sold. They can be small boxes made of thin cardboard, or bags, envelopes etc.

An overflow is simply when a place or container is having too much people or things. That is, it is too full of them.

An overflow of packages is when there are too much packages. This is often seen during the festive periods and in airport and delivery companies.

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the purpose of _______ is to build selective demand.

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Persuasive advertising serve as kind of advertising that build selective demand.

Persuasive advertising can be regarded as a form of product promotion which convince the potential customer in a persuasive manner to purchase a specific product.

It is a kind of advertising that bring about Selective demand whereby demand for a specific brand is been set as a result of the advert to the potential customer.

Therefore, Persuasive advertising is the correct term.

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A method used for establishing a logical framework for identifying the required activities for the project is called

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I think it's

Work breakdown structure.

Situational variables that cause one style of leadership to be more effective than another are also called:

Answers

Answer:

leadership style and situational favorableness

Explanation:

Um...look what i found

Answers

NASTY AND ALSO THE GUY THE ANSWERED IS NOW BANNED HAHAHA

Why is term life insurance better than whole life insurance?

Answers

Answer:  Term life is “pure” insurance, whereas whole life adds a cash value component that you can tap during your lifetime. Term coverage only protects you for a limited number of years, while whole life provides lifelong protection—if you can keep up with the premium payments.

Explanation:

An annuity refers to a a.principal payment. b.lump sum payment. c.balloon payment. d.series of equal cash receipts at fixed intervals.

Answers

The answer is D. The series of equal cash receipts at fixed intervals.

Economists normally assume that the goal of a firm is to Group of answer choices maximize its total revenue. minimize its explicit costs. minimize its total cost. maximize its profit.

Answers

Economists normally assume that the goal of a business firm is to: D. maximize its profit.

Profit can be defined as an amount of money that is generated by an individual or a business firm when the manufacturing cost is deducted (subtracted) from total revenue.

Generally, economists usually consider the maximization of profit as the goal of a business firm.

In this context, economists usually assume that the goal of a business firm is to earn:

Profits as large as possible, even if it has to reduce its level of production.Profits as large as possible, even if it has to incur a higher total manufacturing cost.

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When money is acting as a store of value, it allows an individual to.

Answers

Answer:

Transfer dollars, and therefore purchasing power, into the future

Explanation:

Kristina (41), a freelance photographer, reports a net profit of $50,000 on schedule c, profit or loss from business. This is her only income. How much is kristina's self-employment tax?.

Answers

Based on the slab rates for self-employment tax, Kristina's self-employment tax is "$7,650."

What is Self Employment tax?

The self-employment tax rate for 2021 is 15.3 percent which is a summation of the 12.4% Social Security tax and a 2.9% Medicare tax on net earnings.

Given that the net profit of Kristina is $50,000

Therefore, the self-employment tax is calculated as

$50,000 × 15.3% = $7,650

Hence, in this case, it is concluded that the correct answer is $7,650

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A producer of pottery is considering the addition of a new plant to absorb the backlog of demand that now exists. The primary location being considered will have fixed costs of $9,200 per month and variable costs of 70 cents per unit produced. Each item is sold to retailers at a price that aver- ages 90 cents. a. What volume per month is required in order to break even? b. What profit would be realized on a monthly volume of 61,000 units? 87,000 units? c. What volume is needed to obtain a profit of $16,000 per month? d. What volume is needed to provide a revenue of $23,000 per month? e. Plot the total cost and total revenue lines.

Answers

Based on the information that is given, the volume per month that will be required to break-even will be 46000 units.

The breakeven quantity will be:

= 9200 / (0.90 - 0.70)

= 9200 / 0.20

= 46000 units.

The profit that would be realized on a monthly volume of 61,000 units will be;

= 0.90(61000) - [9200 + 0.70(61000)]

= 54900 - 51900

= 3000

The profit that would be realized on a monthly volume of 87000 units will be;

= 0.90(87000) - [9200 + 0.70(87000)]

= 78300 - 70100

= 8200

The volume that is needed to obtain a profit of $16,000 per month will be:

= (16000 + 9200) / (0.90 - 0.70)

= 25000/0.20

= 126000 units

The volume that is needed to provide a revenue of $23,000 per month will be:

Quantity = Total revenue / Price

Quantity = 23000/0.90

Quantity = 25556 units

Lastly, the total cost will be:

= Fixed cost + Variable cost .

= 9200 + 70000

= 79200

The total revenue will be:

= Price × Quantity

= 0.90 × 100000

= 90000

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Acme, Inc. had net income of $120,000 in its 1st year and net income of $126,000 in its 2nd year. The percentage increase in net income was ______.

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Answer: 5% increase in net income.

Acme, Inc. had a net income of $120,000 in its 1st year and a net income of $126,000 in its 2nd year. The percentage increase in net income was 5%.

What is net income?

Net Income = Total Revenue — Total Expenses.

Net income, also known as total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales, in the context of business and accounting refers to an entity's income less cost of goods sold, expenses, depreciation and amortization, interest, and taxes for a given accounting period. It has also been described as the net growth in shareholders' equity that arises from a company's activities.

It is calculated as the residual of all revenues and gains less all costs and losses for the period. Contrary to gross income, which merely deducts the cost of products sold from revenue, this is not the same thing. If you are paid a salary, the annual salary you get from your company equals your yearly gross revenue.

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when the government injects money into the economy, consumers may have more disposable income, which may lead to:

Answers

Answer: Inflation

Explanation:

A wage increase of $3000 per year is most likely to increase the subjective well-being of people who currently earn ________ per year.

Answers

Answer:

12,000

Explanation:

A wage increase of $3000 per year is most likely to increase the subjective well-being of people who currently earn $12,000 per year.

What is wage?

The term wage refers to the payments made to employees or labor as compensation for their services. Daily, weekly, and monthly are the norm. The wages are paid on a daily, weekly, or according to the work basis. The wages are the expenses of the business.

According to the given was the amount are the wage was the increased the per year in the $3000. There was the subjective in the people are the increased the well-being into the people are the collection was the wage are the $12,000 per year in the currently to the earn.

As a result, the wage increase of $3000 per year is most likely to increase the subjective well-being of people who currently earn $12,000 per year. Therefore, option (a) is correct.

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Your question is incomplete, but most probably the full question was.

a. $12,000b. $40,000c. $25,000d. $75,000

Which among the 4 common errors that leads to unbalanced account is the HARDEST to resolve. Explain Why.

Answers

The common errors that leads to unbalanced account and are the easiest to resolve includes the error of Omission, Commission. Original Entry and Duplication.

In accounting, there are different type of error that could result to the unbalanced account, that is, leaving the Trial balance or Balance sheet unbalanced.

Generally, the recognized type of errors in accounting includes:

Error of Original EntryError of DuplicationError of OmissionError of Entry ReversalError of Principle Error of CommissionTransposition ErrorsRounding Errors etc

In conclusion, the common errors that leads to unbalanced account and are the easiest to resolve includes the error of Omission, Commission. Original Entry and Duplication because they are easy to correct.

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According to the new classical critique of fiscal policy, an increase in government spending today will lead to what change in current savings

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In accordance with the new classical critique of fiscal policy in today's world, an increase in government spending will lead to an increase in current savings.

Fiscal policy refers to a economic policy whereby governments seeks to stabilize the economy by manipulating the levels and allocations of taxes and government spending.

The new classical critique of fiscal policy states that an increases in government spending and decreases in taxes are largely offset by increases in savings.

Therefore, in conclusion, In accordance with the new classical critique of fiscal policy in today's world, an increase in government spending will lead to an increase in current savings.

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some of the elements of are a focus on a shared mission, a willingness to work together toward the same goals, and a sense of trust in each other.

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Part of the element of teamwork includes the focus on a shared mission, willingness to work together etc.

At workplace, teamwork refers to  the collaborative effort of the employee to achieve a common goal in most effective and efficient manner.

Hence, the part of the element of teamwork includes the focus on a shared mission, willingness to work together etc.

Therefore, the answer is element of teamwork.

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what education do you need for high school

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Answer:

To teach High School, you need a Bachelors degree.

To graduate it, you have to pass English/Language Arts · Mathematics · Science · Social Studies/History · Foreign Languages · Physical Education

True or false: A management contract is an arrangement in which one firm contracts with another to produce products to its specifications.

Answers

The statement which states that a management contract is an arrangement in which one firm contracts with another to produce products to its specifications is false

According to the given question, we are asked to show whether a management contract is one where there is an arrangement between two firms to produce its goods to its specifications.

As a result of this, we can see that a management contract is one where one firm gives its management skills in part or in full to another firm.

With this in mind, we can see that contract manufacturing is one where there is an arrangement in which one firm contracts with another to produce products to its specifications but is in charge of the marketing.

Therefore, the correct answer is false.

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Marketing intermediaries add __________ utility to products by having them available when consumers want them.

Answers

Based on business sales strategy, marketing intermediaries add time utility to products by having them available when consumers want them.

This is because the time utility allows the business firms and marketers to make the products available to the consumers whenever they need them.

Time utility is a marketing tool used by the business firms like retails to add value to products and to bridge the gap between the products and consumers.

Hence, in this case, it is concluded that the correct answer is "time utility."

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which is most important to evaluate when considering extending credit to a small business and why?

Answers

When evaluating a small business for credit extension, one should watch out for D : The relationship of current assets to current liabilities which represents a company's ability to meet short-term debt obligations when due.

When assessing whether to give a small company credit:

Check if they can pay back the credit Check their net working capital

It is important to check whether a company is capable of paying back the credit you are to extend to them and the net working capital - calculated as the difference between current assets and liabilities - is one of the best ways of doing so.

In conclusion, one should check the relationship between current assets and liabilities as a way to determine credit payback.

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Any policy that is designed to reduce the competitiveness of foreign producers who wish to sell their goods or services in the domestic market is a:

Answers

Answer:

Barrier to trade

Explanation:

Any policy that is designed to reduce the competitiveness of foreign producers who wish to sell their goods or services in the domestic market is a Barrier to trade.

What is domestic market?

A domestic market is the supply and demand for goods, services, and securities within a single nation. It is also known as an internal market or domestic trade.

In domestic trade, a corporation has just one set of competitive, economic, and market challenges and must essentially deal with only one group of clients, even if the company operates in many market sectors.

Trade barriers are limits on international trade imposed by the government. Trade barriers, according to the principle of comparative advantage, are harmful to the global economy and reduce overall economic efficiency. Thus, the correct option is Trade barrier.

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You have been staying with your elder brother for sometime and a misunderstanding has ensued. write a letter to your father giving, at least three reasons why you can no longer live with your brother450 words Essay on French revaluation what is (997X5) + (6X-979) divided by 2 =????? a country opens to trade. if the world price of a good exceeds the domestic price, the result will be: Fully Factorise : 8x^2+6x i need help! i will be giving brainliest if you actually show the work and dont troll :) They called my playing brilliant SUBJECT:VERB:I was brushing my teeth before bedSUBJECT:VERB: Ordena las biriguienses palabras y descubre la frase.a. JOSHI: ___________________b. CANOBEDEZ: ___________________c. A: ___________________d. USS: ___________________e. SERPA: ___________________f. NE: ___________________g. DOTO: ____________________ h. EUQRPO: ____________________i. SOE: ____________________j. SE: ____________________k. OL: ____________________l. OTRRECCO: ____________________m. ERTNE: ____________________n. SONATIRIAC: ____________________ In 1893, Samuel Gompers said the following: We want more school houses and less jails; more books and less arsenals1; more learning and less vice2; more constant work and less crime; more leisure3 and less greed; more justice and less revenge; in fact, more of the opportunities to cultivate4 our better natures, to make manhood more noble, womanhood more beautiful and childhood more happy and bright.5 Based on this quote, do you think society has improved since 1893? Choose a portion of the quote to focus on as you respond to the question. Your response should be one to two paragraphs. slope=1/3 y intercept=-1 60 millions barrels and 34% gas and 29% diesel how many barrels are there total Taste disorders may be linked to a problem with the __________ system. A. Olfactory B. Tactile C. Visual D. Perceptual. 103x=2(x+4) Order the given rational numbers from least to greatest: 4 1/43.33 1/3-4 1/4 -3 4800 persons run a marathon, 1200 reach the finish line. What is the percent of people reach the finish line at the marathon? 15 crates of egg cost 4500 how many crates will 1500 buy Find the equation of the line A mailman earned $832 a week last year. What was his yearly salary? Which statement is true about the circular flow diagram of an economy?. solve the equation: 4) 12Ani2n 12)417Step 1: Use the distributive propertyStep 2: Subtract n from both sides6341Step 3: Simplify:311Step 4: Divide both sides by 33013Step 5: Simplify.Check the solution to the example problem by replacingz in the original equation with - 2 and evaluating bothsides. What true statement do you get?to climinate the fraction in