9. The Osbornes have an annual income of $66,000 and monthly expenses of $5300, and they
are trying to determine whether or not they qualify for Chapter 7 bankruptcy. Their annual
income is greater than that of the median annual income of their state, but they still may be
eligible according to the means test. Help the Osbornes through the steps of the means test to
see if they qualify.
Part I: What is the Osbornes' monthly income?
I
Part II: What is the Osbornes' monthly income minus monthly expenses?
Part III: What is 60 times the answer to Part II?
Part IV: Is the answer to Part III greater than or less than $10,000?
Part V: Are the Osbornes eligible for Chapter 7 bankruptcy according to the means test?

Answers

Answer 1

A family qualifies for bankruptcy if the difference between their monthly income and expenditure, multiplied by 60 is greater than $10,000. So, The Osbornes qualify for chapter 7 bankruptcy.

We have the following parameters:

[tex]Annual\ Income = \$66000[/tex]

[tex]Monthly\ Expenses = \$5300[/tex]

To calculate the monthly income, we simply divide the annual income by 12 (12 is the number of months in a year)

So, we have:

[tex]Monthly\ Income = \$66000 \div 12[/tex]

[tex]Monthly\ Income = \$5500[/tex]

The difference between the monthly income and the expenses is:

[tex]Difference = Monthly\ Income - Monthly\ Expenses[/tex]

[tex]Difference = \$5500 - \$5300[/tex]

[tex]Difference = \$200[/tex]

The above result multiplied by 60 is:

[tex]Product = Difference \times 60[/tex]

[tex]Product = \$200 \times 60[/tex]

[tex]Product = \$12000[/tex]

$12000 is greater than $10000

Since $12000 is greater than $10000, then they are eligible for chapter 7 bankruptcy.

Learn more about bankruptcy test at:

https://brainly.com/question/4418659


Related Questions

A class has 16 boys and 20 girls. A prefect is to be chosen from the class. If
each student is equally likely to be chosen, calculate the probability that the
selected prefect is:
(a) a boy (b) a girl

Answers

Answer:

a) 16/36 b)20/36

Step-by-step explanation:

16 + 20 = 36

36 = how many people are in the class all together

Sorry if it is wrong

please answer and answer

Answers

Answer:

Is the C

Step-by-step explanation:

Carl's class is collecting canned food for a food drive. If the class collects 3 2/3 pounds on the first day and 4 1/4 pounds on the second day, how many pounds of food have they collected so far?

Answers

Answer:

7 11/12

Step-by-step explanation:

3 2/3 + 4 1/4 = 3 8/12 + 4 3/12 = 7 11/12

ONCE AGAIN, HELP MEEEEEEE UDIHTJGAJHDAKMDHJ


(i am not the brightest lol)

Answers

The answer is 11 cubic cm

Use the Quadratic Formula
Use the Quadratic Formula to find the zeros of the given
expression. Be sure to show your steps!
2x2-7x+3
Plz help no links

Answers

Answer:

1/2 and 3

Step-by-step explanation:

The quadratic formula is as given:

 (  -b±√(b^2-4ac)  )/2a

To use it, plug in the a,b and c values.

ax^2+bx+c

In this case a is equal to 2, b is equal to -7, and c is equal to 3

plugging it into our formula gives us:

(-(-7)±√(-7^2-4*2*3)  )/2*2

Which is equal to:

7±√(49-24) / 4

= 7±√25 / 4

=7±5 / 4

=2/4, 12/4= 1/2, 3

The dollar value of a car is a function, f, of the number of years, t, since the car was purchased. The function is defined by the equation f(t)=12,000(3/4)^t.
A. How much was the car worth when it was purchased? Explain how you know.
B. What is f(2)? What does this tell you about the car?
C. About when was the car worth $6,000? Explain how you know.

Answers

Answer:

1.) 12000

2.) 6750

3.) 2.41

Step-by-step explanation:

Given the Equation :

f(t)=12,000(3/4)^t. ; where, t = time ; f(t) = worth of car at time, t

When, car was purchased, t = 0

t = 0

f(0) = 12000(3/4)^0

= 12000 * 1

= 12000

2.)

f(2) ; this mean the worth of the car after 2 years :

f(2)=12,000(3/4)^t.

12000(3/4)^2

12000 * 0.5625

= 6750

When car will be worth 6000

f(t) = 6000

f(t)=12,000(3/4)^t.

6000 = 12,000(3/4)^t

6000 / 12000 = (3/4)^t

1/2 = (3/4)^t

Take the log of both sides :

Log(0.5) = log(0.75)^t

log(0.5) = tlog(0.75)

- 0.301029 = - 0.124938t

t = - 0.301029 / - 0.124938

t = 2.4094

t = 2.41 years

1.35b = 40.5
what is the value of b ?

Answers

Answer:

b=30

Step-by-step explanation:

What is the distance between the points (5, -1) and (5,
3)

Answers

By using distance formula (which is attached below), you can solve this problem:

√(x2-x1)^2+(y2-y1)^2

(5, -1) and (5, 3)

√(5-5)^2+(3-(-1))^2

√0^2+4^2

√0+16

√16

4

The distance between the two points is 4.

Question 5 (1 point)
Calculate the area of this composite shape. Use the ti key on the calculator. Round answer
to tenths.
10 yd
12 yd
13 yd
13 yd
Area =
yd2

Answers

i think its 1,560 because you have to multiple the top which is 10 to the bottom but the bottom one is not the same shape as the top and for the middle you multiple 12 because their the same shape and for the bottom their the same shape as well.

I need help quick. ASAP.​

Answers

It’s 1/2 (now I’m going to write random stuff because it says it has to be at least 20 letters jehdhsjdbdjeiksjejdi)

Given square ABCD, what is the length of AD?

Answers

since it's a square, all sides are equal
therefore,
3x - 5 = x + 1
2x = 6
x = 3

sub x into AD, which is 3x-5
= 3(3) - 5
= 9 - 5
= 4

therefore AD is 4 units

A cooking school is teaching students how to make pasta noodles. The line plot displays how much flour each student used. How many total cups of flour did the students use to make the pasta?

Answers

Answer:

[tex]Total = 11\frac{1}{8}\ cups[/tex]

Step-by-step explanation:

Given

See attachment for plot

Required

Total number of cups used

The number of dot on each dataset represent the number of student

So, to get the total number of cups, we simply add the product of the number of cups and the number of student for each data item

So, we have:

[tex]Total = \frac{1}{8} * 6 + \frac{1}{4} * 5 + \frac{3}{8} * 2 + \frac{1}{2}*0 + \frac{5}{8} * 4 + \frac{3}{4} * 2 + \frac{7}{8} * 5[/tex]

[tex]Total = \frac{6}{8} + \frac{5}{4} + \frac{6}{8} + 0+ \frac{20}{8} + \frac{6}{4} + \frac{35}{8}[/tex]

Solve

[tex]Total = \frac{6+10+6+0+20+12+35}{8}[/tex]

[tex]Total = \frac{89}{8}[/tex]

[tex]Total = 11\frac{1}{8}\ cups[/tex]

Calculate the perimeter and the area. Can yall help and if you could show the steps

Answers

Answer:

area of circle=π[tex]r^{2}[/tex]

=3.14*(6)^2

=3.14*36

=113.04 cm^2

perimeter of circle=2πr

=2*3.14*6

=37.68 cm

Step-by-step explanation:

help me plzz please please please​

Answers

Answer:

Q1: 18 degrees

Q2: 60 sides

Step-by-step explanation:

The sum of the exterior angles is always 360 degrees. With this, do 360/20 to get the amount of sides that are within the shape.

360/20  --> 18 degrees.

Now with the interior angles, it can be found with the equation ((n-2) * 180 degrees) / n = Angle Given. With this, plug 174 degres into your equation.

(n-2) * 180 degrees) / n = Angle Given

(n-2) * 180 degrees) / n = 174

180n -360 / n = 174

180n -360 / 174n

360 = 6n

n = 60

It would be 60 sides.

The answer is 18. 360 divided by 20 will give you 18 hence the 360 is the sum of all exterior angles

bestiess helpssss plsss​

Answers

Hopes this helps:

Answer:

1. 9x^2

2. 2401x^28y^8

3. 625a^16b^8

Please mark as brainlist if it’s right.

A storage bin is a rectangular prism that measuring 114 cm long by 56 cm high by
56 cm deep. What is the surface area of the exterior, in square feet?

Answers

Answer:

33.12 square feet

Step-by-step explanation:

Step 1

We convert the dimensions to feet

1 cm = 0.0328084 feet

Length = 114cm

Hence

114 cm = 114 × 0.0328084 feet

= 3.74016 feet

≈ 3.7 feet

Height = 56cm

Hence

56 cm = 56 × 0.0328084 feet

= 1.83727 feet

≈ 1.8 feet

Depth(width) = 56cm

Hence

56 cm = 56 × 0.0328084 feet

= 1.83727 feet

≈ 1.8 feet

Step 2

The surface area of the rectangular prism

A=2(wl+hl+hw)

=2× (1.8×3.7+ 1.8×3.7 + 1.8 ×1.8)

≈33.12 square feet

pls read and help me
given conversion factor 12in/1ft what is the above line segments unit of measure in inches round your answer to the nearest tenth

Answers

Answer:The correct answer is 75.6

Step-by-step explanation:

because i took the quiz myself

1. If you are having a cookout for 200 people and ribeyes are $200.00 per loin and you can get 50 ribeyes per
loin, how much will the steak cost? How much is the steak per person?

Answers

Answer:

$800 total paid for four loins. Everyone gets one ribeye so price of steak per person is four dollars.

Step-by-step explanation:

1 ribeye per person -> 50 ribeyes per loin -> 200 (people going)/50 (people fed per loin) = 4 (loins needed) -> $200.00 x 4 loins = $800 of loin total and 4 dollars per ribeye (1 ribeye per person)

Help pleaseeeeeeeeee

Answers

9514 1404 393

Answer:

  47 -6√10

Step-by-step explanation:

As you know, the area of a square is the square of the side length. It can be helpful here to make use of the form for the square of a binomial.

  (a -b)² = a² - 2ab + b²

  (√2 -3√5)² = (√2)² - 2(√2)(3√5) + (3√5)²

  = 2 - 6√10 + 3²(5)

  = 47 -6√10

__

Check

  √2-3√5 ≈ -5.29399 . . . . . . . . note that a negative value for side length makes no sense, so this isn't about geometry, it's about binomials and radicals

  (√2-3√5)² ≈ 28.02633

  47 -6√10 ≈ 28.02633

PLEASE HELP NOT WILL HELP ME :,(
I'll make brainliest and give extra points

The following cone has a height of 4 inches and a volume of 12π. 4 in. What is the radius of the cone?​

Answers

Answer:

3 in.

Step-by-step explanation:

volume = ⅓πr²h

⅓πr²h=12π

r²h=36

r²=9

r = 3 inches

Is 1/4 squared a rational?

Answers

Answer:

It is a rational.

Step-by-step explanation:

0.25² = 0.0625

It is a rational.

Please a correct answer gets brain thing that I forgot it name please help

Answers

Answer:

;FIHI;IHFHGILSOUDHFUHZSIUDGNJKZNSFJGNOSHTJOIJOIGJOSKFNGKNSJKGNONOJGOKJN

Step-by-step explanation:


The area of the parallelogram below is
square meters.
9 m
7 m
2 m

Answers

Hmmm.... I’m afraid I don’t understand.

someone, please help !! these are direct and inverse variations, algebra 2. i need them asap !

Answers

Answer:

3, 20, 2, and 2.5

Step-by-step explanation:

For each question, they gave you an x and y value. If you substitute them into the equation and then solve for k, you get your answer.

On the first one, x is 12 and y is 1/4. If you put those into the equation they gave you y = k/x, you get 1/4 = k/12

3/12 is 1/4 so the first k is 3.

Second one y = k/x. x is 4 and is 5. So 5 = k/4

20/4 is 5, so the second k is 20.

HELPPPPPPPPPPPPPPPPPPPPPPP

Answers

Answer:

k=5

Step-by-step explanation:

[tex]f(x)=x^2-6x+14[/tex]

[tex](\frac{b}{2} )^2= (\frac{-6}{2})^2= (-3)^2=9[/tex]

[tex]f(x)-5=x^2-6x+9[/tex]

[tex]f(x)-5=(x-3)^2[/tex]

[tex]f(x)=(x-3)^2+5[/tex]

[tex]k=5[/tex]

Find each angle or arc measure

Answers

Answer:

17

Step-by-step explanation:

34/2 because the measure of the arc is half of what it would normally be because it touched the other side

Which of these tables represents a linear function?

Answers

Answer:

Second.

Step-by-step explanation:

A linear function has one independent variable and one dependent variable. The independent variable is x and the dependent variable is y.

Does anyone know what the answer to this would be?

Answers

Answer: 11

Step by step: Diagnols in a rhombus bisect the angles meaning 2x=22, to solve this we do 22/2=11.

Hope this helps!

Answer:

D

Step-by-step explanation:

HELP HELP ME WITH THIS PLSSS!!!!

Answers

Answer:

B, C, D, A, E

Step-by-step explanation:

hope it helps

Answer:

B,C,D,A,E

Step-by-step explanation:

95 - 3/4 what is the value of the expression

Answers

Answer:377 /4  = 94 and 1 / 4  =94.25

Step-by-step explanation:

Subtract

95 − 3 /4

 = 377 / 4

Convert integer to fraction

95 = 95 / 1

Find common denominator

95 over 1

 

− 3 over 4

= ( 95 × 4 ) over ( 1 × 4 )

 − ( 3 × 1 ) over ( 4 × 1 )

= 380 over 4

 − 3 over 4

4 is the least common multiple of denominators 1 and 4. Use it to convert to equivalent fractions with this common denominator.

Subtract

380 over 4

− 3 / 4

 

= ( 380 − 3 ) / 4

= 377 /4

Simplify

377 / 4

= 94 and 1 /494

Reduce fraction to lowest terms

1 is the greatest common divisor of 377 and 4. The result can't be further reduced.

Step 2 of 2: Simplify, sub-step b: Convert improper fraction to mixed number.

Convert improper fraction to mixed number

377 /4

= 94 1 /4

377 ÷ 4 = 94 remainder 1

By writing the whole number as a fraction, we will see that the solution is 377/4

How to solve the expression?

Here we want to take the difference between a whole number and a fraction:

95 - 3/4

To do this, we need to write the whole number as a fraction, to do it, we multiply and divide it by 4:

95 = (4/4)*95 = 380/4

Now we rewrite our expression as:

95 - 3/4 = 380/4 - 3/4 = 377/4

This is the solution of the expression.

If you want to learn more about fractions, you can read:

https://brainly.com/question/11562149

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