Mathematics, 28.05.2020 22:03, cefindley14

Fairmount, Inc. was declared bankrupt, and its assets sold for $261,900. Legal costs of bankruptcy and other claims that must be paid first totaled $71,600. The total of creditors' claims was $420,000. Tricol, Inc. had a claim for $2,700. How many cents on the dollar will creditors get? How much will Tricol get?

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Fairmount, Inc. was declared bankrupt, and its assets sold for $261,900. Legal costs of bankruptcy a...

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