Solution-Interest in the kitchen equipment versus tom

Interest in the kitchen equipment versus tom

Assignment Help Finance Basics

Reference no: EM133004026

Scenario Three Kevin is a chef from New Zealand and recently moved to Melbourne. He is keen to open up a Café in Richmond. He finds a great premises to lease on Bridge Street. He signs a lease with the property owner, Tom. Kevin cant afford to buy the kitchen equipment outright so he gets a loan from Shonk Bank for $100,000. A term of the loan agreement was registers the equipment on the Personal Property Security Act and then delivers it to Kevin. Kevin opens the café but it doesn't do well. After a few weeks, he is unable to keep up the payments to Tom, Zane and other suppliers. After another month of not receiving his rent, Tom changes the locks on the premises and says that until his rent is paid in full, the has complete ownership and interest of everything inside. Advise Shonk Bank on what their position is in regards to their interest in the kitchen equipment versus Tom's.

Reference no: EM133004026

Questions Cloud

What is the present value of a series of payments : What is the present value of a series of payments received each year forever, starting with $1,300 paid one year from now and the payment growing in each subseq

What level of sales in dollars is required to achieve level : ABC wants to have a minimum Net Income of $40,000 (target profit). What level of Sales in dollars is required to achieve this level of Net Income?

Increase or decrease payout ratio : a) Based on Brians's projections, is the stock overpriced at $45 per share? b) Should the firm increase or decrease their payout ratio? Explain your answer.

Connection between the bopm and risk-neutral valuation : a). Use the BOPM to show that the fair price for the put is around 2.4 and explain the connection between the BOPM and risk-neutral valuation.

Interest in the kitchen equipment versus tom : Scenario Three Kevin is a chef from New Zealand and recently moved to Melbourne. He is keen to open up a Café in Richmond. He finds a great premises to lease on

How many plants does have to sell in order to achieve : Violet would like to earn $2,000 selling plants with ribbons at $8 each. How many plants does she have to sell in order to achieve the goal?

What is the predicted increase in bank deposits : What is the predicted increase in bank deposits or the money supply if there is an initial increase in deposits of $56 million? Reserve requirements are 9.0% an

Explain dollar profit per butterfly spread : What's your dollar profit per butterfly spread if AMZN trades at $3,050.41 a month from today when the options expire?

What upper and lower control limits would use for materials : The management of Golding Company, What upper and lower control limits would you use for materials variances? For labour variances?

User Account

All Pages

Interest in the kitchen equipment versus tom

Reference no: EM133004026

Reference no: EM133004026

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT