Suppose Theo Owns a Proprietorship That Is in Serious Financial

question 50

Multiple Choice

Suppose Theo owns a proprietorship that is in serious financial difficulty.The assets of the company are $100,000, but liabilities are $175,000.However, Theo also has stock in General Motors worth $200,000.If Theo files for bankruptcy, what amount of personal assets might he lose?  

• A) $75,000 
• B) $100,000 
• C) $200,000 
• D) $275,000

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Definitions:

Mean

The average value in a set of numbers, calculated by dividing the sum of all values by the count of those values.

Set of Data

A collection of related pieces of information, often numerical, that are used for analysis.

Mathematical Average

Another term for mean, referring to the central value of a discrete set of numbers, specifically the sum of the values divided by the number of values.

Distribution

Refers to the way in which something is shared or exists across different areas or among various groups.