Maria is the sole proprietor of an antique store that is located in a rented warehouse. the store has an outstanding loan with the local bank but no other debt obligations. there are no specific assets pledged as security for the loan. due to a sudden and unexpected downturn in the economy, the store is unable to generate sufficient funds to pay the loan payments due to the bank. which of the following options does the bank have to collect the money it is owed? i. sell the inventory and apply the proceeds to the debt ii. sell the lighting fixtures from the building and apply the proceeds to the debt iii. withdraw funds from maria’s personal account at the bank to pay the store’s debt iv. sell any assets maria personally owns and apply the proceeds to the store’s debt i only iii only i and ii only i, ii, and iii only i, iii, and iv only

Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car.

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.

What tax is paid by the most people in the united states