The administrator or executor is representative of an estate which has the capacity to sue and be sued on behalf of the estate.
In bankruptcy, the administrator or executor is the representative whose responsibilities is to possess the asset, pay creditors and distribute the remaining assets or other beneficiaries of the bankrupted company.
Usually, the administrator and executors are appointed when the bankruptcy of a business is declared and ascertained.
Therefore, the administrator or executor acts as representative of an estate which has the capacity to sue and be sued on behalf of the estate.
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<em>brainly.com/question/9774178</em>
Answer:
$ 10512000
Explanation:
The market value of Madison investment which is the aggregate value of the company's investment =$ 12 million
The book value = assets - liabilities = (1700000 - 419000) ×0.4 = $ 51240
The year-end balance = $ 51240 + $ 10 million = $ 10512000 approx
Answer: In the long run, prices will be the same.
Explanation: Purchasing power parity (PPP) is a theory that means that in the long run, exchange rates between countries would be the same and similar goods will cost the same amount in both countries. Purchasing Power Parity shows that there should be no opportunities where the differences in price between different countries can lead to profit. The gross domestic product between countries is compared by using the purchasing power parity.
Purchasing power parity is based on the law of one price which means that the price of all identical goods should be the same. Hence, it us unlikely that people buy Big Macs in countries where they're cheaper and sell at countries where there price is higher.
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Answer:
c. $65.
Explanation:
The computation of the per hour opportunity cost is as follows:
= Per hour revenue - per hour variable cost
= $140 - $75
= $65
The fixed cost would not be considered as it is a sunk cost
Therefore the per hour opportunity cost is $65
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
How much do you make in interest in a year?
<u>$ 1100</u>
How much would you need to have made for your spending power to keep up with inflation in that year?
<u>$ 1782
</u>
How much buying power did you lose in that year because of inflation?
<u>$ 682
</u>
Explanation:
Your interest formula is given to you.
Interest in a year = principal (the amount invested) * rate (the interest rate) * period (the time you're measuring)
Interest = 55,000 * 2% * 1 year = 55,000 * 0.02 * 1 = $1,100
How much would you need to have made for your spending power to keep with inflation? Your interest rate would have needed to match the inflation rate, otherwise prices are going up faster than you're saving.
Required interest = 55,000 * 3.24% * 1 year = 55,000 * 0.0324 * 1 = $1,782
How much buying power did you lose? The difference between your required interest and your actual interest.
Buying power lost = 1,782 - 1,100 = $682. You lost this much in buying power.
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