« previous next »

Author Question: When a business was declared bankrupt, it had creditors' claims totaling 410,640. After all assets ... (Read 49 times)

james

  • Hero Member
  • *****
  • Posts: 573
on: Jun 24, 2018
When a business was declared bankrupt, it had creditors' claims totaling 410,640. After all assets were sold and bankruptcy costs paid, 145,650 was left to pay creditors' claims. How much would a creditor receive if the creditor's claim was for 65,000?

Question 2

Thompson Tool had net sales of 760,110 and net income of 189,300 last year. What was Thompson's net profit margin, to the nearest tenth percent?


jjorrostieta

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 24, 2018
Answer to Question 1

23,054.87

Answer to Question 2

24.9


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

“Mission Accomplished” proclaimed the banner on the USS Abraham Lincoln, where on May 1, 2003, Presi “Mission Accomplished” proclaimed the banner on the USS Abraham Lincoln, where on May 1, 2003, Presi
Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt
Reasons for Denied Claims and Solutions Reasons for Denied Claims and Solutions
Business Letter Format and Example. Business Letter Format and Example.
Understanding Food Claims Not all label claims are created equal! Understanding Food Claims Not all label claims are created equal!
Legal Environment of Business: Online Commerce, Ethics, and Global Issues (Cheeseman) Legal Environment of Business: Online Commerce, Ethics, and Global Issues (Cheeseman)
Video: Stroke volume - afterload definition & hypertension

For a complete list of videos, visit our video library