Business, 20.11.2019 06:31, asdfghj3513
The packer video company files for chapter 7 bankruptcy. its only non-exempt asset is a piece of equipment valued at $15,000. the claims that have been approved by the trustee are as follows: (1) $2,500 in expenses of the trustee in the administration of the estate.(2) $4,000 in wages, salaries, and commissions earned by employees within ninety days before the filing of the bankruptcy petition and the cessation of the business.(3) $500 in employment taxes owed to the state.(4) unsecured claims in the amount of $10,000.(5) a perfected security interest in the amount of $2,000 which is held by first bank and which is secured by the item of equipment. how much money will be available to pay the general unsecured creditors who have no priority? a. $15,000.b. $13,000.c. $10,500.d. $6,000.e. no money will be available to pay the general unsecured creditors.
Answers: 3
Business, 22.06.2019 05:30, huangjianhe135
Excel allows you to take a lot of data and organize it in one document. what are some of the features you can use to clarify, emphasize, and differentiate your data?
Answers: 2
Business, 22.06.2019 08:10, gildedav001
The sec has historically raised questions regarding the independence of firms that derive a significant portion of their total revenues from one audit client or group of clients because the sec staff believes this situation causes cpa firms to
Answers: 3
Business, 22.06.2019 11:20, leshayellis1591
Lusk corporation produces and sells 14,300 units of product x each month. the selling price of product x is $25 per unit, and variable expenses are $19 per unit. a study has been made concerning whether product x should be discontinued. the study shows that $72,000 of the $102,000 in monthly fixed expenses charged to product x would not be avoidable even if the product was discontinued. if product x is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be:
Answers: 1
The packer video company files for chapter 7 bankruptcy. its only non-exempt asset is a piece of equ...
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