Joan's bankruptcy proceeding consists of the following debts: back taxes of $10,000,credit card debt of $25,000,home utility bills of $300,and a $10,000 car loan.Also,there are bankruptcy administrative expenses of $1,000.Discuss the order in which these debts will be settled.
Firstly,the secured car loan will be paid through the sale of the car or the creditor may take the car to satisfy the debt.The $1,000 administrative expense will be paid next,followed by the $300 of utility bills,the $10,000 of back taxes,and the $25,000 of credit card debt.
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Gnas Corporation's total current assets are $210,000, its noncurrent assets are $590,000, its total current liabilities are $160,000, its long-term liabilities are $490,000, and its stockholders' equity is $150,000. The current ratio is closest to:
Von Bertalanffy's view of a "mechanistic world view" is that ______.
A) it has led to the growth of classical theories B) it has been catastrophic for the human race C) it has created a crisis of disparities between rich and poor D) it has improved capitalism