Answer:
The insurer pays the mortgage lender $76,000.
Explanation:
As the total outstanding amount is only $76,000
Although that the value of home is $110,000. But only the outstanding balance which is yet not repaid on mortgage will be paid to mortgage lender.
This will be paid by the insurer as the house was insured, and even though if it is burned intentionally, the insurer can not run from his liability.
Accordingly the entire balance of mortgage lender, since amount outstanding is less than value of home will be paid by the insurer.
Answer: 28,571$
Explanation: Apply rule of three
Answer:
Return on common stockholders' equity=0.0933=9.33 %
Explanation:
Net Income=$200,000
Preferred Stockholder Dividends=Number of shares* value per share*interest
Preferred Stockholder Dividends=10000*$100*6%
Preferred Stockholder Dividends=10000*$100*0.06
Preferred Stockholder Dividends=$60,000
Average Common stockholders' equity= (Equity at start of year+Equity at end of year)/2
Average Common stockholders' equity= 
Average Common stockholders' equity=$1,500,000
Return on common stockholders' equity=(Net Income-Preferred Stockholder Dividends)/Average Common stockholders' equity
Return on common stockholders' equity=
Return on common stockholders' equity=0.0933=9.33 %
Answer:
Sole proprietorship.
Explanation:
A sole proprietorship, otherwise called the sole trader, is a kind of enterprise that is possessed and run by one individual and in which there is no lawful differentiation between the proprietor and the business entity.
<span>The journal entry to record the initial write-off includes is allowance for doubtful accounts. Allowance for doubtful accounts is a contra account to accounts receivable, and therefore has debit balance. It also needs to be diminished because you already used the bad debt when you make the allowance.</span>
