How much money can the given bank expect to collect

Reference no: EM131983412

Problem

A statement of financial affairs created for an insolvent corporation that is beginning the process of liquidation discloses the following data (assets are shown at net realizable values):

Assets pledged with fully secured creditors	220,000
Fully secured liabilities	160,000
Assets pledged with partially secured creditors	390,000
Partially secured liabilities	510,000
Assets not pledged	310,000
Unsecured liabilities with priority	182,800
Accounts payable (unsecured)	400,000

This company owes $120,000 to a bank on a note payable that is secured by a security interest attached to property with an estimated net realizable value of $90,000. How much money can this bank expect to collect?

Reference no: EM131983412

Questions Cloud

Determine the current ratio and working capital : Determine the current ratio and working capital. What does the composition of the current assets tell you about Indaba Company's liquidity?

How to diagnose a company financial status : How to diagnose a company's financial status. How financial ratios drive the comparison between industries, times and competitors.

Review the aspects of financial delegations : FNSACC506 - Implement and maintain internal control procedures - You are required to undertake a further review of the company

Calculate the return on a stock over the one year holding : Calculate the return on a stock over the one year holding period March 31, 2015 to March 31, 2016 using the following information:

How much money can the given bank expect to collect : A statement of financial affairs created for insolvent corporation that is beginning the process of liquidation. How much money can this bank expect to collect?

Other variables except the earning assets : From the list of bank assets below, which are "earning assets"?

Calculate the Target Strength in MPa : Using the attached tables, calculate the Target Strength in MPa based on the minimum requirement for Characteristic Strength for durability

Identify the human and technological protective measures : Identify at least three (3) problems related to management information systems that may arise from the issue that you have chosen.

What collaboration do you see happening within the boi now : Identify as much data as possible. Identify as many business procedures as possible.Identify the people who play with significant roles in the BOI.

User Account

All Pages