Milton Retail Ltd is in liquidation. Advise the liquidator, Ted, how much each creditor should be…

Milton Retail Ltd is in liquidation. Advise the liquidator,
Ted, how much each creditor should be paid, assuming that the total amount
available for distribution is $252 000.

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(a) The CEO is owed $12 000 in director’s fees.

(b) The employees are owed $100 000 in total.

(c) The company’s solicitors are owed $50 000 for legal fees.

(d) The company’s other unsecured creditors are owed $40 000
in total.

(e) Ted’s expenses to date amount to $20 000 and his
remuneration to $80 000.

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