Read the scenario below. Then, determine if the individual should file for Chapter 7 or Chapter 13 bankruptcy. Explain how you made your decision using what you know about each type of bankruptcy. Tucker lost his job 18 months ago. Soon after, he got into a car accident and accrued $10,000 in medical bills. Since the accident, Tucker has struggled to pay his mortgage and medical bills. Tucker is a recent college graduate, so he doesn’t have any notable assets.

Tucker wants to know whether he should file for Chapter 7 or Chapter 13 bankruptcy. What do you recommend? Explain your advice.

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor.required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)