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In a state where all the mechanics' liens are treated equally, there is $20,000 left to be distributed to three lienors, Tim, Kelly, and John: Tim= $26,000, Kelly=13,000, John=21,000, so how much Tim can receive? A: $10,000 B: $6,667 C: $6,700 D: $8,670

In a state where all the mechanics' liens are treated equally, there is $20,000 left to be distributed to three lienors, Tim, Kelly, and John: Tim= $26,000, Kelly=13,000, John=21,000, so how much Tim can receive? A: $10,000 B: $6,667 C: $6,700 D: $8,670

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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In a state where all the mechanics' liens are treated equally, there is $20,000 left to be distributed to three lienors, Tim, Kelly, and John: Tim= $26,000, Kelly=13,000, John=21,000, so how much Tim can receive?

A: $10,000 B: $6,667 C: $6,700 D: $8,670

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