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Verizon [17]
3 years ago
13

Sparkman Co. filed a bankruptcy petition and liquidated its noncash assets. Sparkman was paying forty cents on the dollar for un

secured claims. Bailey Co. held a mortgage of $150,000 on Sparkman’s land which was sold for $110,000. The total amount of payment that Bailey should have received is calculated to be
Business
1 answer:
Alecsey [184]3 years ago
8 0

Answer:

At least the 110,000

The deficiency will be based on jurisdictions and the state at which the bankruptcy occur.

Explanation:

Baily will receive the 110,000 as the mortgage collateral was the real state. Once it was sold, Baley received the 110,000.

Sparkman offer is for unsecured claims, the mortage is secured, as the mortage is secured through mortgage origination.

Once Sparkman filed bankruptcy, the lender which is Bailey executed foreclosure to take ownership of the property and sell it to pay off the loan.

After foreclosure, Mailey has little to no resources for the remaining debt.

It will depend heavily on jurisdictions if Baily can force Sparkman to pay the 40,000 remaining.

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True or False. The primacy effect refers to the tendency to recall the items at the beginning and end of a list better than the
fgiga [73]

Answer:

The correct answer is the option: False.

Explanation:

To begin with, the primacy effect, in the fields of psichology and sociology is known as a cognitive bias and is part of a serial-position effect among with the recency effect. Moreover, the term<u><em> refers to the tendency to recall the information at the beginning only</em></u> of a list better that the information in the middle and at the end of that same list.

Secondly, the recency effect is the one that establishes that a person tends to recall the items at the end better that the items at the beginning or middle.

6 0
3 years ago
Upon receiving a complaint, HUD initiates an investigation and makes a determination to bring charges or dismiss the complaint w
liubo4ka [24]

Answer:

c. 100 days of the filing of the complaint.

Explanation:

After receiving a complaint, HUD starts the investigation within 30 days of receiving the complaint and the maximum time period to investigate the complaint is 100 days i.e. HUD would dismiss the complaint within 100 days when the complaint is filed

Therefore in the given case, the option c is correct as it is mentioned the 100 days and the same is to be considered

6 0
3 years ago
An estimated demand curve does not necessarily match actual data perfectly because A. it is not possible to accurately calculate
LekaFEV [45]

Answer:

C. some factors that are not measured or observed may affect the curve.

Explanation:

a lot of unforeseen circumstances might occur. these occurrences would not be measured in the estimated demand curve. this would lead to the estimated demand curve not matching the actual demand curve.

for example, the factors affecting the demand for bread are ; price, income, price of a substitutes. these are included in estimating the demand curve for bread. Assume that a study comes out stating that bread is harmful to the health.this reduces the demand for bread. this study wasn't anticipated and included in estimating the demand curve. as a result, the actual data would differ from the estimated data  

5 0
3 years ago
Tiptoe shoes, had annual revenues of $185,000, expenses of $103,700, and paid dividends of $18,000 during the current year. The
Natalka [10]

<u>Calculation of ending retained earnings balance after closing:</u>

The balance in ending retained earnings after closing can be calculated as follows:

Balance in retained earnings account before closing $297,000

Add: Revenues $185,000

Less: Expenses $103,700

Less: Dividends $18,000

Ending retained earnings balance after closing = $360,300

Hence, The balance in ending retained earnings after closing is <u>$360,300</u>






4 0
3 years ago
Read 2 more answers
Complete the sentence. Mutual funds that impose a sales charge are called _____.
Evgesh-ka [11]

Answer:

Fee based fund  is the correct answer to the given question

Explanation:

In the fee based funds exercise the money is charged directly to customers.The Fee-Based Funds  is imposing the charge of sales to the customer .The Fee-based funds consultants could charge an extra  payment of fixed price according to the company policy .

  • When the company sells the mutual fund in a fee-based consideration individuals will buy the bond fund Series of the F units.
  • All the other options are not related to imposing the sales charge that's why they are incorrect option .

8 0
3 years ago
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