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Indicate whether the statement is true or false
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Which of the following is a debt that is nondischargeable unless the debtor can prove undue hardship?
A. Debts incurred for luxury items within 90 days of the petition. B. Claims for federal, state, and local taxes within two years of the petition filing. C. Alimony, maintenance, and child support. D. Student loan debts.
Wichita Industries' sales are 10% for cash and 90% on credit. Credit sales are collected as follows: 30% in the month of sale, 50% in the next month, and 20% in the second following month. Wichita Industries' had $12,000 from November sales and $42,000 from December sales. Assume that total sales for January and February are budgeted to be $50,000 and $100,000, respectively. What are the expected cash receipts for February from current and past sales?
A. $80,500. B. $71,500. C. $61,500. D. $59,500. E. $34,500.
What is the EMV for Option 1 in the following decision table?
States of Nature Alternatives S1 S2 p .3 .7 Option 1 15,000 20,000 Option 2 10,000 30,000 A) 15,000 B) 17,000 C) 17,500 D) 18,500 E) 20,000
A collection agency has the right to contact a debtor at the debtor's place of employment whether or not the debtor's employer objects
a. True b. False Indicate whether the statement is true or false