Kipper files a petition in bankruptcy. Kipper's dischargeable debts include
A. domestic-support obligations.
B. student loans unless the lender would suffer undue hardship.
C. unpaid state and federal taxes.
D. unsecured credit-card debt.
Answer: D
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Under the effective interest method, the cash paid on each interest payment date will
a. decrease if bonds are issued at a premium. b. increase if bonds are issued at a premium. c. remain constant regardless of the issuance price. d. increase if bonds are issued at a discount.
Which of the following statements is true?
A) Offensive strategic market plans require investment for growth, which limits long-run profit performance, but does not limit sales revenue. B) Defensive strategic market plans promote short-run profit performance but are not that effective in growing sales revenue. C) In the long run, all market strategy will shift from an offensive strategic market plan to a growth-oriented plan. D) Offensive strategic market plans are geared to deliver above-average performance in the areas of sales growth, share position, and improved short-run profits. E) Defensive strategic market plans are not geared towards the protection of market share.
According to the text, the development of a strong relationship between the salesperson and the prospect begins:
A. with the follow-up. B. when the customer is presented with product benefits. C. when all objections have been handled. D. when the first order is placed. E. when the salesperson analyzes the customer's needs.
The contribution margin ratio can be calculated by subtracting the variable cost ratio from one
Indicate whether the statement is true or false