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Burka [1]
4 years ago
7

Jane Leeves declared voluntary Chapter 7 bankruptcy. The trustee included the following property in her bankruptcy estate: • Jan

e’s wedding ring • Jane’s computer for her consulting business that she operated from her home • Jane’s car payment from a client in the amount of $5,000 that was received 91 days after Jane filed bankruptcy After collecting all of Jane’s assets, the bankruptcy trustee was trying to decide how to distribute the assets. Jane had the following creditors: • Mortgage company—owed $187,000 (the trustee sold Jane’s house for $190,000) • Expenses of the bankruptcy—$3,000 • Federal income taxes—$11,000 • Utility bills—$1,000 • Office supply store open account—$1,000 The trustee had $11,500 in cash, including the $3,000 additional cash left from the sale of the house after the mortgage company was paid. How should the trusteedistributethismoney?Whatiftheamount were $14,500; how should that be distributed?

Business
1 answer:
iragen [17]4 years ago
3 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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igor_vitrenko [27]

When choosing a college we believe the focus should be on selecting the best fit for your educational needs. Cost should not be a barrier to considering where you will grow and thrive.

<h3>Is the US the most expensive place to study?</h3>

The US is one of the world’s most popular destinations for higher education – and also one of the most expensive. Although the initial pricing may cause a sharp intake of breath, it is worth exploring all avenues of funding and financial aid before ruling the country out.

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It's good to remember that approximately 85 per cent of full-time undergraduate students at four-year public universities and 89 per cent at private non-profit universities benefited from some type of financial aid.

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brainly.com/question/24058780

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Question:

Refer To The College Cost .Rds Dataset. In This Question, We Explore Some Of The Factors Predicting Costs At American Universities. Let TC = Real ($2008) Total Cost Per Student FTUG = Number Of Full-Time Undergraduate Students (In 1000s) FTGR = Number Of Full-Time Graduate Students (In 1000s) FTEF = Number Of Full-Time Faculty Per 100 Students CF = Number

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7 0
1 year ago
When a company implements its monthly S&amp;OP process, the process should begin with: a. Developing and specifying the constrai
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Answer:

The answer is b. Determining the business planning vs financial objectives

Explanation:

Financial performance for the previous month is consolidated to provide inputs for analyzing the current month’s S&OP cycle. Actual costs are compared with budgets and forecasts to analyze forecast accuracy over a rolling time frame.

7 0
3 years ago
Underlying most of the trade theories discussed is the notion that: Group of answer choices firms that establish a first-mover a
Varvara68 [4.7K]

Answer:

It usually makes sense for a firm to consolidate its productive activities in one country

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7 0
3 years ago
Norm and his creative team need to present an idea for marketing a new detergent to the head of their advertising agency. Diane,
Kobotan [32]

Answer: goal displacement

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Goal displacement is when individuals or organizations substitute alternate goals for the original goals that they were meant to accomplish.

In this case, we are told that Norm and his creative team need to present an idea for marketing a new detergent to the head of their advertising agency but that Diane, a member of the team, always resented Norm’s promotion to team leader and always objects to every idea Norm suggests and spends the entire meeting selling her approach. Diane is using goal displacement here as she has another goal rather than the goal of the team which they've agreed on.

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3 years ago
Please reflect on how the money multiplier concept can be an important tool of both expansionary as well as contractionary monet
Tatiana [17]

The money multiplier concept is an important tool for both expansionary and contractionary monetary policies for any central bank such as the U.S. Federal Reserve Bank.

<h3>What is the money multiplier concept?</h3>

The money multiplier concept describes the quantity of money created by banks through the interaction of bank deposits and reserve ratios.

When the U.S. Federal Reserve wants to increase the money supply, it reduces the reserve ratio and vice versa.

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