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svetoff [14.1K]
3 years ago
15

Parker Inc. is obligated to pay its creditors $33,333 very soon. If the market value of the firm's assets equals $49,700, calcul

ate the residual value owed to the shareholders.
Business
1 answer:
AnnyKZ [126]3 years ago
3 0

Answer:

The market value of shareholders’ equity is $16,367

Explanation:

In this question, we are asked to calculate the residual value owed to shareholders.

We proceed as follows:

Firstly, we identify the following;

Amount payable to creditors = $33,333

Market value of assets = $49,700

Mathematically,

Market value of shareholders equity = Market value of assets - Amount payable to creditors = $49,700 - $33,333 = $16,367

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Answer:

$33,600

Explanation:

The computation is shown below:

But first we have to determined the following things

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Which one of the following is the most widely used source of retirement income?
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Compared to IRAs, Keogh plans, and company pension plans, Social Security<span> is the most widely used source of retirement income. It is based on reports that  88 percent of retirees rely on its steady stream of payments. Fifty-five percent of retirees regards Social Security as their major source of retirement income.  </span>

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Answer:

The correct answer is True.

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