Solve the Problem. -A Hardware Store Spent $13,290 on Print and TV Advertising

question 41

Multiple Choice

Solve the problem.
-A hardware store spent $13,290 on print and TV advertising last year. If of that amount was spent on print advertising, how much was spent on TV advertising?

• A)$13,290
• B)$7,974
• C)$5,316
• D)$18,606

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Definitions:

Chapter 7

A provision of the bankruptcy code in the United States that provides for "liquidation," whereby a debtor's non-exempt assets are sold and the proceeds are used to pay creditors.

Automatic Stay

A self-operating postponement of collection proceedings against a debtor who has filed a petition for bankruptcy.

Collection Proceedings

The legal process initiated by creditors to recover money owed by a debtor.

Means Test

Three steps used to qualify someone for Chapter 7 bankruptcy.