Simon's Hot Chicken purchased its building seven years ago at a price of $141,150. The building could be sold for $180,750 today. The company spent $66,950 on other fixed assets that could be sold for $59,450. The company has accumulated depreciation of $81,750 on its fixed assets. The company has current liabilities of $37,700 and net working capital of $19,250. Required:
What is the ending book value of net fixed assets?

If you offer up your car as a demonstration that you will pay off your loan to a bank or another financial lending institution, you are using your car as collateral. true false

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?

Rosie and her brother michael decided recently to purchase an rv together. they both want to use the rv to take their families camping. the price of the rv was $10,000. since michael expects to use the rv 60% of the time and rosie 40% of the time, michael contributed $6,000 and rosie contributed $4,000. their ownership percentage equals their contribution percentage. which type of property titling should they use to reflect their ownership interest?