You want to open a sushi bar 3 years from now, and you plan to save $7,000 per year, beginning immediately. You will make 3 deposits in an account that pays 5.2% interest. Under these assumptions, how much will you have 3 years from today?

Dividends in arrears are ________

A) a liability on the balance sheet B) passed dividends on noncumulative preferred stock C) passed dividends on cumulative preferred stock D) passed dividends on common stock

If a person's debts are subject to a Chapter 7 discharge, what does it mean?

A) that he or she needs to repay only unsecured debts B) that he or she needs to repay only secured debts C) that he or she needs to pay his prepetition debts with his postpetition income D) that he or she need not repay the debt