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Q: Is what the firm owes its creditors?
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Which of these can occur when a person owes more money than he or she can earn or pay to creditors?

Bankruptcy.


Which can occur when a person owes more money than he or she can earn or pay to creditors?

bankruptcy


Which of these can occur when a person owes more money than he or she earn or pay to creditors?

bankruptcy


Who has the first claim to the profits and assets of a firm?

Creditors.


What can occur when a person owes more money than he or she earns or pay to creditors?

A person can lose everything he or she owns when creditors move in to collect what they are owed. A person might have to go through bankruptcy.


What can occur when a person owes more money than he or she can earn or pay creditors?

A person can lose everything he or she owns when creditors move in to collect what they are owed. A person might have to go through bankruptcy.


What can occur when a person owes more money than he or she can earn or pay to creditors?

A person can lose everything he or she owns when creditors move in to collect what they are owed. A person might have to go through bankruptcy.


Which automobile company owes its origins to a firm set up by Sanjay Gandhi?

Maruti Udyog


After a person dies can their creditors apply that person life insurance to the debts that person owes?

Only if he touched your mom Hell yeah!


Which group of ratios might be most interesting to potential creditors of a firm?

leverage ratios


The primary concern of creditors when assessing the strength of a firm is the firms?

short-term liquidity


What is a liquidation policy?

when a business or firm is terminated or bankrupt its assets are sold and the proceeds pay creditors