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bonufazy [111]
3 years ago
13

At the time of liquidation. Fairchild Co. reported assets of $200,000, liabilities of $120,000, common stock of $90,000, and ret

ained earnings of ($10,000). What amount of Fairchild's assets are the shareholders entitled to receive?
A. $200,000
B. $80,000
C. $90,000
D. $100,000
Business
1 answer:
ladessa [460]3 years ago
7 0

Answer:

B. $80,000

Explanation:

Total Asset = $200,000

Total Liabilities = $120,000

Shareholders are entitle to receive the assets net of liabilities as follows:

Total Net Asset = Total Assets - Total liabilities

Total Net Asset = $200,000 - $120,000

Total Net Asset = $80,000

$80,000 of Fairchild's assets are the shareholders entitled to receive.

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RUDIKE [14]

Each player owe Brian 92 cents.

4.99+5.99 = 10.98

10.98/12 = .915 or approximately 92 cents

to check : .915 x 11 =  10.065 + .915 (brian's share) =  10.98

5 0
3 years ago
Koffee, a brand of instant coffee, gives away a free coffee mug with its logo imprinted on it with every purchase of a 500g pack
galben [10]

Answer:

It is a sales promotion.

Explanation:

Sales promotion tool is used because of following factors:

a) It improve the sales for short term as it gives another reason to buy the product.

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d) Increase new customer and brand loyalty.

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Koffee is also using sales promotion tool to get benefit in sales and Brand development.

5 0
3 years ago
if an interest inventory reveals that you are highly interested in solitary, introverted work, what might be the best type of ca
Softa [21]
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You do not have to impress others, your masterpiece could do the talking for you.

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8 0
3 years ago
In order to make sure that a creditor of the insured is not paid more than the outstanding loan at time of claim, the policyowne
Harman [31]

So one can make sure that a creditor of the insured isn't paid more than the exquisite mortgage at the time of declaration, the coverage proprietor should: Convertible insurance

A creditor is an entity, a business enterprise, or someone of a felony nature that has provided items, offerings, or a financial loan to a debtor. as soon as a creditor has given a loan, the fee is expected at a later date, generally agreed upon in advance.

A creditor is a man or woman or institution that extends credit to any other celebration to borrow cash normally by way of a mortgage agreement or contract. lenders including banks can repossess collateral like homes and automobiles on secured loans, and take borrowers to the courtroom over unsecured money owed.

For instance, a debtor/creditor relationship is if you take out a mortgage to shop for your house. then you as the property owner are a debtor, while the bank that holds your loan is the creditor. In trendy, if someone or entity has loaned cash then they are a creditor.

Learn more about creditors here:

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7 0
1 year ago
7. on an average hourly basis, how much does butcher enterprises spend on wages and benefits, respectively, in dollars?
Blababa [14]

The compensation survey showed an average hourly rate of $23 for total compensation. Of this amount, wages are $16 per hour and benefits are $7 per hour. In comparison, Butcher Enterprises spends an average hourly rate of $19 for total compensation. Of this amount, 70 percent is allocated for wages.

1-7. On an average hourly basis, how much does Butcher Enterprises spend on wages and benefits, respectively, in dollars?

Answer:

Hourly wage = 0.7 * $19 = $13.3

Hourly benefit = 0.3 * $19 =$5.7

Explanation:

Butcher enterprises spends average hourly rate of total compensation = $ 19

Allocation for hourly wage = 70%

So therefore;

Hourly wage = 0.7 * $19 = $13.3

Allocation for hourly benefit = 30%

So therefore;

Hourly benefit = 0.3 * $19 =$5.7

5 0
3 years ago
Read 2 more answers
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