A Married Couple,with $25,000 in Debts Owed to Each of Five

question 31

Multiple Choice

A married couple,with $25,000 in debts owed to each of five general creditors,plus $15,000 owed to a conditional sale vendor for home furnishings,sold their $100,000 home to the wife's parents for $50,000 and moved to an apartment.Thereafter they made a voluntary assignment,indicating remaining assets of the $50,000 cash and $15,000 in furnishings.Each general creditor will receive

• A)$10,000.
• B)$11,608.
• C)$20,000.
• D)$20,535.
• E)None of the amounts are correct.

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Definitions:

Fat Mass

The portion of the body's total weight that is made up of fat tissue, important for energy storage, insulation, and protection of organs.

Metabolic Syndrome

A cluster of conditions including increased blood pressure, high blood sugar, excess body fat around the waist, and abnormal cholesterol levels, which together increase the risk of heart disease, stroke, and diabetes.

Lipid Levels

The concentrations of fats or fat-like substances in the blood, such as cholesterol and triglycerides, important for assessing cardiovascular risk.

Insulin Resistance

A condition in which the body's cells become less responsive to insulin, leading to higher blood sugar levels and often associated with type 2 diabetes.