Answer:
Annual depreciation= 17,050
Explanation:
Giving the following information:
Purchase price= 69,200
Useful life= 4
Salvage value= 1,000
To calculate the depreciation expense under the straight-line method, we need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (69,200 - 1,000)/4
Annual depreciation= 17,050
Answer:
Nixon = (155,000/331,000)*15,500 = 7,258.31
Cleveland = (105,000/331,000)*15,500 = 4,916.92
Pierce = (71,000/331,000)*15,500 = 3,324.72
TOTAL DISTRIBUTION: 15,500.00
Explanation:
A cash liquidation distribution or liquidating dividend is a distribution of cash or other assets to shareholders when a business is liquidated. This distribution represents the amount of capital returned to the investor or business owner when a corporation is partially or fully liquidated. This dividend is paid out after all creditor and lender obligations have been settled, so the dividend payout should be one of the last actions taken before the business is closed.
The dividends are returned to investors per the capital structure of the business, not per profits and losses participation.
Answer:
i think commercial banks aren't
Answer: Yes, because Congress was acting pursuant to the Bankruptcy Clause of Article I, Section 8, Clause 4, in subjecting the state to the Bankruptcy Act.
Explanation:
Bankruptcy Clause of Article I, Section 8, Clause 4 also know as uniform rule of naturalization states to establish a uniform rule of naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States; ArtI.S8.C4.1 Naturalization Power.
The trustee can force the state to turn over the transferred property because they act on force the state to turn over the transferred property
Answer:
The correct answer is option c.
Explanation:
An increase in the supply of compact disc players would cause the supply curve to shift to the right. This rightward shift in the supply curve would cause the price of compact discs to decline.
At lower prices, the consumers are consuming more of compact disc players. The quantity demanded of players has increased.
This is also evident through the given figure.
