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VMariaS [17]
2 years ago
15

If a company has the following: A company that was to be liquidated had the following liabilities: Income Taxes $ 10,000 Notes P

ayable secured by land 100,000 Accounts Payable 44,000 Salaries Payable ($16,000 for Employee #1 and $4,000 for Employee #2) 20,000 Administrative expenses for liquidation 20,000 The company had the following assets: Book Value Fair Value Current Assets $100,000 95,000 Land 50,000 75,000 Building 150,000 200,000 Total assets, available to pay liabilities with priority and unsecured creditors, are calculated to be what amount
Business
1 answer:
Cerrena [4.2K]2 years ago
7 0

Answer:

46850 is the correct answer

Explanation:

Employee salaries are limited to $12.850 per employee.

Total liabilities with priority = Income Taxes +Salaries Payable+Administrative expenses for liquidation

=10.000+12.850+4.000+20.000= 46.850

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Consider the following data for a closed​ economy: Y​ = ​$1414 trillion C​ = ​$1010 trillion G​ = ​$33 trillion Spublic​ = ​$neg
sveticcg [70]

Answer:

Private savings = $360 trillion

Explanation:

Private savings is a summation of household and business savings. When there is economic growth there is stimulation of private savings, people have more money to save.

Private savings also drives economic growth because people have more money to invest in businesses that will have a higher output.

In a closed economy the formula for private savings is

Private savings = Y + TR - C - T

Private savings= 1414 trillion + 0 - 1010 trillion - 44 trillion

Private savings = $360 trillion

5 0
2 years ago
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Define corporate culture. What are the components of a good corporate culture? Why do you think that corporate culture has such
ycow [4]

Answer:

Corporate culture, also known as company culture, refers to a set of beliefs and behaviors that guide how a company’s management and employees interact and handle external business transactions

6 0
3 years ago
Under the allowance method, writing off an uncollectible account Group of answer choices affects both balance sheet and income s
marishachu [46]

Answer:

Under the allowance method writing of uncollectible account will only affect Balance sheet accounts

Explanation:

Uncollectibles when write of under allowance method will create reduce account receivable one side and also results in reduction of allowance for receivable on other side created previously, thus having impact only on balance sheet:

Entry will be:

Dr: Allowance for Doubtful Debts (Balance Sheet Item)  

Cr: Account Receivable (Balance Sheet Item)

4 0
3 years ago
Donors give because they expect something in return.Give reasons why they donate​
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They want to donate cause they want to help people who needs help.

7 0
2 years ago
The Macro Islands can produce either 250 bamboo towels or 500 botanical soaps using all its resources. The Micro Islands can pro
jarptica [38.1K]

Answer:

The Micro Islands have a comparative advantage in producing botanical soaps.

Explanation:

Comparative advantage can be defined as the ability of an economy to produce a good at lower opportunity cost than other economies. This enables the economy sell the product at lower prices, therefore having higher margin of profit than other economies.

The opportunity cost of Micro Island in producing 300 botanical soaps is the cost of producing 30 bamboo towels. The opportunity cost is quite low.

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2 years ago
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