The accounts payable figure includes

Assignment Help Operation Management
Reference no: EM13942079

The following balance sheet has been prepared by the accountant for Limestone Company as of June 3, 2011, the date on which the company is to file a voluntary petition of bankruptcy:

2155_326-B-A-A-C (4474).png

Additional Information:

If the company is liquidated, administrative expenses are estimated at $18,000.
The Accounts Payable figure includes $10,000 in wages earned by the company's 12 employees during May. No one earned more than $2,200.
Liabilities do not include taxes of $14,000 owed to the U.S. government.
Company officials estimate that 40 percent of the accounts receivable will be collected in a liquidation and that the inventory disposal will bring $80,000. The land and buildings will be sold together for approximately $310,000; the equipment should bring $130,000 at auction.
Prepare a statement of financial affairs for Limestone Company as of June 3,2011. 

Reference no: EM13942079

Questions Cloud

How does zayid establish credibility : Discuss whether or not Zayid uses transitions (or "signposts") to guide the audience through her speech. Be sure to include examples to support your point of view.
Intelligent statements about the two instructors : How about the standard deviation?  Do you think we can make some more intelligent statements about the two instructors when we have the standard deviations?
The internet to grow into a worldwide tool : How have standards allowed the Internet to grow into a worldwide tool?
How would i fix the decimal error program below : How would I fix the decimal error program below
The accounts payable figure includes : The Accounts Payable figure includes $10,000 in wages earned by the company's 12 employees during May. No one earned more than $2,200.
Write an essay on the economic value of hiring on intelligen : Write an essay on: 'The Economic Value of Hiring on Intelligence'
What is the overall rate of return on the portfolio : One year ago, an American investor bought 2000 shares of London Bridges at a price of £24 (or 24 UK pounds) per share when the exchange rate was $1.4/1£ (or $1.40 dollars = 1 pound). The investor also invested 4,000,000 Japanese Yen in a money market..
Patent license agreement with cherokee manufacturers : Watt Inc is the owner of patent #1234. On 1/1/01 Watt entered into a patent license agreement with Cherokee Manufacturers. The agreement calls for an initial lump sum payment of $100,000 and an ongoing royalty of 5% of the selling price of any pro..
Operating investing or financing activity : What are the key words for identifying what is an operating investing or financing activity

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd