1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kaylis [27]
3 years ago
11

1. A statement of affairs shows $50,000 of assets pledged to fully secured creditors, $100,000 of assets pledged to partially se

cured creditors, $85,000 of assets not held as security for any liabilities, liabilities of $40,000 to fully secured creditors, $125,000 to partially secured creditors, $20,000 to unsecured creditors with priority, and $120,000 to other unsecured creditors. Total unsecured liabilities, are reported on the statement of affairs in the amount of: A. $140,000. B. $165,000. C. $145,000. D. $120,000.
Business
1 answer:
Misha Larkins [42]3 years ago
6 0

Answer:

B. $165,000

This amount is made up of as follows:

Partially unsecured Liability = $25,000 ($125,000 - 100,000)

plus Unsecured with priority = $20,000

plus Totally Unsecured  = $120,000

Total = $165,000

Explanation:

a) The fully secured liability of $40,000 had secured assets worth $50,000, giving excess assets of $10,000.

b) The partially secured liability of $125,000 could only be secured with assets worth $100,000, leaving the balance of $25,000 as unsecured.

c) The Unsecured with priority equals $20,000

d) The completely unsecured without priority equals $120,000.

When (b) to (d) are summed, the total is $165,000.

e) The unsecured liabilities with priority will be paid before other all unsecured liabilities.  That is the only advantage they enjoy.  But, they can  only be settled after all reorganization expenses had been settled.

You might be interested in
Audrey is debating the superiority of a market economy with her friend Bill. Audrey supports her argument in favor of a market e
Gelneren [198K]

Adam Smith's invisible hand theory is the concept that in a market where people are free to buy and sell as they please, buyers will buy goods that sellers offer at prices that work for all parties.

4 0
3 years ago
how a teacher can use motivational strategies to control problem behavior in classroom give an example
noname [10]
<h3><u>Answer</u></h3>

The Earth’s mantle is made up of Tectonic plates that are forever moving as the Earth cools down. This happens over billions of years, and one of the most notable ones is around the Pacific rim where Earthquakes, (seismic activity) happens quite often

The Rift Valley in Ethiopia lies along the edge of the African Tectonic Plate, and continues down through parts of Somalia and into Kenya.

Just recently a rift opened up in Kenya, which seismologists seem to think is the pre-cursor of a major tectonic plate movement, splitting apart a part of Africa, which could include Ethiopia

Here are some strategies that can be used in the classroom to help motivate students:

  • Promote growth mindset over fixed mindset.
  • Develop meaningful and respectful relationships with your students.
  • Grow a community of learners in your classroom.
  • Establish high expectations and establish clear goals.
  • Be inspirational.
5 0
2 years ago
After cooking food that must sit for a little while before being consumed, Sherry is aware that the food must remain at a certai
Aliun [14]

Answer:

140°F

Explanation:

140°F is ordinary temperature for eliminating microscopic organisms, yet it will likewise effect and truly burn individuals. In this regard, sherry knows about that, which is the reason she comprehend that she needs to hold back to consume it. High temperatures, 140°F or more, ought not be brought into normal private or business pipes that go to end client taps and showers etc.

8 0
2 years ago
If a company adopts an accounts receivable factoring program, and accounts for the factoring as a sale of receivables, which of
horsena [70]

Answer:C. cash flow from operations may increase

Explanation:

A factoring system is one in which a firm sell his right to receive payments on it's receivable to a firm referred to as the factor as a discount in which the amount of discount represents the factor fees for taking up the risk.

The factor may be with or without recourse to the firm selling the receivable.

It's mostly entered into to reduce payment defaults and increase inflow of cash for operations.

The factor company does not need to be a consolidated company,it usually reduce the receivable and does not require a change in accounting principles.

4 0
3 years ago
A firm sells a product in a perfectly competitive market. The marginal cost of the product at the current output level of 500 un
amid [387]

Answer:

The correct answer is the third statement which says to maximize profits, the firm should produce less than 500 units.

Explanation:

The quantity of output produced is 500 units.

The marginal cost of producing 500 units is $1.50.

The minimum average variable cost is $1.

The price of the product is $1.25.  

The firm will be at equilibrium when the price is equal to marginal cost. To maximize profits firm should decrease output to the extent that marginal cost comes to $1.25. At that point, the firm will earn profits as average variable cost is lower than the price.

3 0
3 years ago
Other questions:
  • On November 6, 20X7, Zucor Corp. purchased merchandise from an unaffiliated foreign company for 50,000 units of the foreign comp
    13·1 answer
  • Can a person’s general attitude toward risk be applied to his/her approach to investing
    13·1 answer
  • A 13-year bond of a firm in severe financial distress has a coupon rate of 10% and sells for $930. The firm is currently renegot
    5·1 answer
  • You wish to build a house and you have divided the process into a number of tasks, namely:
    5·1 answer
  • Five productive activities where division of labour is not needed​
    5·1 answer
  • Which of the following is not an example of a primary fieldwork position?
    5·2 answers
  • The following amounts were reported by Burke Company before adjusting its immaterial overapplied manufacturing overhead of $8,00
    8·1 answer
  • Buying a Home Reading Quiz QUESTION 9 of 10: A "point" on a loan equals: a) 0.1% of the loan amount b) 1% of the loan amount c)
    11·1 answer
  • Moskowitz Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 91 Ma
    13·1 answer
  • Activity-based costing systems: Eliminate multiple-stage cost allocation. Accumulate overhead costs by departments. Have separat
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!