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
IgorC [24]
3 years ago
13

Suppose you own a proprietorship that is in serious financial difficulty. The assets of the company are $100,000, but liabilitie

s are $175,000. You also have, however, stock in General Motors worth $200,000. If you file bankruptcy, what amount of personal assets do you stand to lose?a. $100,000b. $75,000c. $200,000d. $275,000e. $375,000
Business
1 answer:
olasank [31]3 years ago
5 0

Answer:

b. $75,000

Explanation:

Since assets are $100,000 and liabilities are $175,000, the owner has a deficit to cover of  $75,000 ($175,000-$100,000). The deficit will have to be recovered from the owner's stock in General Motors in order to settle the outstanding liabilities. Therefore, the owner will stand to lose the $75,000.

You might be interested in
Which two actions should you take during an informational interview? a Speak with confidence when the interviewer asks a questio
yawa3891 [41]

Answer:

Two actions that you should take during an informational interview are:

a Speak with confidence when the interviewer asks a question, and be yourself.

d Encourage the interviewer to do most of the talking during the interview.

Explanation:

An informational interview is a conversation you have with someone that works in a field in which you are interested. The goal of this is to get information about the specific job or sector, learn about opportunities and about working for a specific company. For these interviews, you should prepare questions to ask the person, be ready to talk about yourself with confidence and you can let the interview flow and encourage the interviewer to do most of the talking.

7 0
3 years ago
Which of the following industries is most likely to exhibit the characteristic of free entry? a. nuclear power b. municipal wate
gogolik [260]

Answer:

c. dairy farming

Explanation:

Free entry can be defined as the situation in which business firms such as sellers of goods or service providers can enter into the market freely and start selling to consumers.

This ultimately implies that, there are no legal barriers or just a minimum barrier, if any for new firms starting the same business as others.

Hence, dairy farming is the industry which is most likely to exhibit the characteristic of free entry.

A diary farming is one of such industries that allows new agents to come into the business without any barrier because it simply involves the production of essential commodities such as milk, beef etc which are usually required on a large scale in an economy.

7 0
3 years ago
Definition of net worth ?
Luda [366]

Answer:

Net worth is the measure of the wealth of an entity, person, or corporation, as well as sectors and countries. Simply, net worth is defined as the difference between assets and liabilities. It is an important metric to gauge a company's health and it provides a snapshot of the firm's current financial position.

8 0
3 years ago
Read 2 more answers
Gardner electric has a beta of 0.88 and an expected dividend growth rate of 4.00% per year. the t-bill rate is 4.00%, and the t-
coldgirl [10]
Aaaaaaaaaaaaaaaaaaaaaaaaaaa
8 0
3 years ago
A change from straight-line depreciation to double-declining-balance depreciation would be reported as__________.
sertanlavr [38]

A change from straight-line depreciation to double-declining-balance depreciation would be reported as a restatement of the prior period statements only.

The term depreciation refers to an accounting technique used to spread the cost of a tangible or physical asset over its useful life. Depreciation indicates how much of an asset's value has been used. It allows companies to generate income from the assets they own by making payments over a period of time.

Depreciation expense is apportioned to charge a reasonable portion of the depreciation amount for each accounting period over the expected useful life of the asset. Depreciation includes the depreciation of assets with a predetermined useful life.

Learn more about depreciation here:brainly.com/question/1203926

#SPJ4

8 0
1 year ago
Other questions:
  • Deer Lake Inc. uses a job order costing system with manufacturing overhead applied to products at a rate of 150% of direct labor
    9·1 answer
  • Zoey is just learning to read. it takes a lot of work for her to read even one sentence because she needs to sound out every wor
    5·1 answer
  • Yard Tools manufactures lawnmowers, weed-trimmers, and chainsaws. Its sales mix and unit contribution margin are as follows. Sal
    12·1 answer
  • Basil Corporation issues for cash $1,000,000 of 8%, 10-year bonds, interest payable annually, at a time when themarket rate of i
    13·1 answer
  • At the beginning of the current season on April 1, the ledger of Flint Hills Pro Shop showed Cash $2,500; Inventory $3,500; and
    13·1 answer
  • common to this work. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom.
    11·2 answers
  • Wheeling company is a merchandiser that provided a balance sheet as of september 30 as shown below:
    7·1 answer
  • A flour manufacturer is more likely to use process costing than job-order costing whereas a manufacturer of customized leather j
    15·1 answer
  • Select the statement that is true of common stock. Companies issue dividends to common stockholders before preferred stockholder
    8·1 answer
  • Harry assigns his rights under a contract with irma to his college roommate, jake. neither harry nor jake notifies irma of the a
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!