Mount Inc Was a Hardware Store That Operated in Boise, Idaho

question 12

Essay

Mount Inc. was a hardware store that operated in Boise, Idaho. Management made some poor inventory acquisitions that loaded the store with unsalable merchandise. Due to the decline in revenues, the company became insolvent. Following is a trial balance as of March 15, 2018, the day the company filed forChapter 7 liquidation.
Company officials believed that sixty percent of the accounts receivable could be collected if the company was liquidated. The building and land had a fair value of $97,500, while the equipment was worth $24,700. The investments represented shares of a publicly traded company that could be sold at the time for $27,300. The entire inventory could be sold for only $42,900. Administrative expenses necessary to carry out a liquidation were estimated to be $20,800.
-How much cash would have been paid to an unsecured non-priority creditor who was owed a total of $1,300 by Mount Inc.? (Round the payout percentage to a whole number.)

Describe the evolution and current configurations of hydraulic drum brakes.

Recognize the function and significance of the wheel cylinder in drum brakes.

Explain the role of the drum in the braking system.

Understand how the backing plate functions within a drum brake assembly.

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Definitions:

Revoke Offer

To withdraw a proposal or invitation before it has been accepted, rendering it as if the offer had never been made.

Accepting Offer

is the act of agreeing to the terms of an offer, thereby creating a contract.

Coin Collection

An assortment of coins, often categorized by era, region, or special interest, that is accumulated for personal or investment purposes.

Expression Intent

The demonstration of a party's intention to undertake a particular action, often formalized through a legal or official statement.