Does it matter how much of the inventory and receivables

Reference no: EM133659743

Question: Bank extends a revolving line of credit to Epstein Corp., secured by Epstein's inventory and receivables. Epstein has now filed bankruptcy. At all times during the 90 days preceding the filing the amount owed to bank was $50,000. As of the date of filing, Epstein's inventory and receivables were valued at $30,000. Thirty days prior to filing, the value of the collateral was $20,000; 90 prior to filing, the value was $25,000. except that 90 days prior to filing the value of the inventory and receivables was $40,000? Does it matter how much of the inventory and receivables on hand as of the date of filing was acquired in the preceding 90 days?

Reference no: EM133659743

Questions Cloud

Explain the purpose of the civil rights movement : Explain the purpose and analyze the effectiveness of nonviolent direct action as a protest strategy during the Civil Rights Movement.

What is the common-size percentage for the net income : Choose the correct choice below Colton's Sailboats has net income of $48,400, total assets of $219,000, total equity of $154,800, and total sales of $311,700.

What is the amount of the net working capital : The firm has total assets of $43,100 and net fixed assets of $23,700. The owners' equity has a book value of $21,400. What is the amount of the net working

What environmental factors were common to these civilization : What environmental factors were common to these civilizations? How did these factors influence their political and economic development?

Does it matter how much of the inventory and receivables : the value of the collateral was $20,000; 90 prior to filing, the value was $25,000. except that 90 days prior to filing the value of the inventory

Does it matter how much of the inventory : value of the inventory and receivables was $40,000? Does it matter how much of the inventory and receivables on hand as of the date of filing was acquired

Discuss the concepts of freedom : Discuss the concepts of freedom and progress as they relate to the periods we have studied (from Reconstruction to the Progressive Era).

Describe the course of reconstruction : Describe the course of Reconstruction. What were the various plans offered by President Lincoln, President Johnson, and Congress?

What will be the impact to the 2023 financial statements : losses to carryforward and offset against future income, what will be the impact to the 2023 financial statements if future tax rates are increasing to 28%

User Account

All Pages