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Nothing about the electrical fire that destroyed Ruth and Dolores Bloom's clock shop seemed especially unusual. In today's digital age, they say the conventional clock
Nothing about the electrical fire that destroyed Ruth and Dolores Bloom's clock shop seemed especially
unusual. In today's digital age, they say the conventional clock business has been slowing down, and the
store's sales in recent years have not kept pace with their expenses. Rather than rebuild the business, the
Blooms indicate that they will use the insurance proceeds as a retirement nest egg and to pay off their
creditors. Which of the following elements of this scenario does not raise a red flag?
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a An electrical fire in a clock shop
b Business that has been operating at a loss
c Plans to retire rather than rebuild
d Sizable debtNothing about the electrical fire that destroyed Ruth and Dolores Blooms clock shop seemed especially unusual. In todays digital age, they say the conventional clock business has been slowing down, and the stores sales in recent years have not kept pace with their expenses. Rather than rebuild the business, the Blooms indicate that they will use the insurance proceeds as a retirement nest egg and to pay off their creditors. Which of the following elements of this scenario does not raise a red flag?
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