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Yuki888 [10]
3 years ago
12

Of the salaries payable, $30,000 was owed to an officer of the company. The remaining amount was owed to salaried employees who

had not been paid within the previous 80 days: John Webb was owed $10,600, Samantha Jones was owed $15,000, Sandra Johnson was owed $11,900, and Dennis Roberts was owed $2,500. The maximum owed for any one employee's claims for contributions to benefit plans was $800. Estimated expense for administering the liquidation amounted to $40,000. What amount would the company have expected to pay for every dollar of unsecured liability without priority? $.50. $.40. $.75. $.30. $.60.
Business
1 answer:
goldenfox [79]3 years ago
4 0

Answer:

$167,475 is the total amount

Explanation:

Solution: Pension $10,000 + Salaries $37,475 (= $10,600 + $12,475 + $11,900 + $2,500) + Taxes $80,000 + Liquidation expenses $40,000 = $167,475.

Employee claims for contributions to benefit plans earned more than 180 days preceding the filing of a . petition, limited to $12,475 per individual.

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Suppose the equilibrium price of a pound of bacon is $3.50. The government decides that people have a right to a pound of bacon
VikaD [51]

Answer:

The correct answer is option D.

Explanation:

The equilibrium price of a pound of bacon is $3.50.

In order to protect the consumers, the government imposes a binding price ceiling of $1.50.  

This price ceiling will create a shortage of bacon or an excess demand for bacon in the market.  

Because of the law of demand and law of supply, at price lower than the equilibrium price, the quantity demanded will be higher while the quantity supplied will be lower.  

This difference between quantity demanded and quantity supplied will create an excess demand in the market.

6 0
3 years ago
What types of decision need to be made by groups?
Aleks04 [339]
Trust, responsibility, and hardworking.
5 0
3 years ago
LO 2.2Variable costs are expenses that ________.
sleet_krkn [62]

Answer: A: remain constant on a per-unit basis but change in total based on activity level

Explanation: A Variable cost is a cost an organisation incurs that is affected by fluctuations in production and so changes between given periods.

variable costs are not consistent but fluctuates in relation to the production activity of an organisation. Variable costs increases as production level increases and vise versa.

Costs associated with variable costs are those that contribute directly to the goods or service being offered by a business and therefore differ from period to period.

The total costs a company incurs are divided into Variable costs and Fixed costs. variable costs are costs incurred on raw materials, commission, labour, packaging and shipping while fixed costs are costs incurred on rent, salaries, repairs and maintenance, electricity etc.

8 0
3 years ago
Luis works as a marketing manager for a consumer products company. He feels strongly about the product lines he manages and is d
Katyanochek1 [597]

Answer:

Luis can be classified as actively engaged.

Explanation:

Members of an organization can be classified according to their level of engagement with the organization:

  • Actively Disengaged
  • Actively Engaged: employees that perform their work with passion and are emotionally attached to the organization.  
  • Not Engaged

3 0
3 years ago
If a 20 percent increase in the price of Red Bull energy drinks results in a decrease in quantity demanded of 25 percent, we say
Ierofanga [76]

Answer:

Elastic

Explanation:

Elasticity of demand = percentage change in quantity demanded / percentage change in price

25% / 20% = 1.25

If the elasticity of demand is greater than one ,it means demand is elastic.

Elastic demand is when a change in price leads to a greater change in quantity demanded.

I hope my answer helps you

3 0
3 years ago
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