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The following balance sheet represents Boles Electronics Corporation's position at the time it filed for bankruptcy (in thousands of dollars): The mortgage bonds are secured by the plant, but not by the equipment. The subordinated debentures are subordinated to notes payable. The firm was unable to reorganize under Chapter 11; therefore, it was liquidated under Chapter 7. The trustee, whose legal and administrative fees amounted to $200,000, sold off the assets and received the following proceeds (in thousands of dollars):
Asset ProceedsPlant $1,600Equipment 1,300Receivables 50Inventories 240Total $3,190In addition, the firm had $10,000 in cash available for distribution. No single wage earner had over $2,000 in claims, and there were no unfunded pension plan liabilities.a. What is the total amount available for distribution to all claimants? What is the total of creditor and trustee claims? Will the preferred and common stockholders receive any distributions?b. Determine the dollar distribution to each creditor and to the trustee. What percentage of each claim is satisfied?
winnebagel corp. currently sells 32000 motor homes per year at 70000 each and 13000 luxury motor coaches per year at
How do gambling fallacy and clustering illusion relate to representativeness? Provide examples from sports. In what way are they different?
assume a project has the following forecasted cash flowsyearamount in 0-400015002400360045005750answer the
Describe a hypothesis related to the area of psychology in which you are predicting an interaction.
The company just paid dividends of $1. This growth rate% is expected to continue. How much should be paid for Mortgage Instruments stocks just after this year's dividend of theappropriate required rate is 5%.
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $3 million, and the 2009 balance sheet showed long-term debt of $4 million. The 2009 income statement showed an interest expense of $330,000. What was the firm's cash fl..
Be sure to explain why and how the demand and supply curve will shift, whether the Euro will appreciate or appreciate or depreciate relative to the Yen, or whether the net effect is ambiguous. Label your graphs completely.
total market value of a company 60million. during the year company plans to invest 30mil in new projects. based on the
calculate liquid ratio from the followingnbsprscash15000bills receivable20000stock22000creditors17000outstanding
1 which of the following is considered a capital component for the purpose of calculating the weighted average cost of
a. Identify the sources of information that a risk manager can use to identify loss exposures.b. What is the difference between the maximum possible loss and probable maximum loss?
an investor has two bonds in his or her portfolio bond c and bond z. each matures in 4 years has a face value of 1000
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