Business, 14.04.2020 18:19 lazavionadams81

Hans's increasingly irresponsible lifestyle has become a burden to his parents. Hans was recently arrested for reckless driving—he crashed his car into a restaurant, causing considerable damage and injuring a patron. As a result of Hans's behavior, Peter has placed him on probationary leave of absence from lnger Marine but will allow him to retain his annual salary of €100,000. The restaurant patron is suing Hans for €700,000 in damages, and the restaurant owner estimates that it will take €S00,000 to repair damages to his building. Hans's insurance will cover costs to a maximum of only €200,000. What is the impact of these events on Hans's liquidity and his personal financial statement. What course of action should he pursue? Cite relevant numbers to support your answer.

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Hans's increasingly irresponsible lifestyle has become a burden to his parents. Hans was recently ar...

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