Questions
11 consider the following information for Evans, Inc. when the company entered bankruptcy proceedings: Account Balance...

11

consider the following information for Evans, Inc. when the company entered bankruptcy proceedings:

Account Balance per Books
Dr (Cr)
Cash $31,700
Accounts receivable 646,800
Inventory 320,000
Prepaid expenses 10,600
Buildings, net 750,000
Equipment, net 123,500
Goodwill 88,000
Wages payable (77,300)
Taxes payable (30,900)
Accounts payable (967,300)
Notes payable (205,400)
Common stock (1,200,000)
Retained earnings—deficit 510,300
Total $0

Inventory with a book value of $240,000 and realizable value of $175,000 is security for notes payable of $145,000. The equipment secures the remaining notes payable. Expected realizable values of the assets are:

Accounts receivable $300,000
Inventory 200,000
Buildings 250,000
Equipment 40,000

The prepaid expenses and goodwill have a realizable value of zero. The entire wages payable balance is a priority liability.

Required

Compute the estimated deficiency to unsecured creditors.

Do not use negative signs with any of your answers below.

Assets pledged to fully-secured creditors $Answer
Less: Liabilities to fully-secured creditors Answer
Available as free assets Answer
Unpledged assets Answer
Less: Unsecured liabilities with priority Answer
Net free assets $Answer
Liabilities to partially-secured creditors $Answer
Less: Assets pledged to partially-secured creditors Answer
Unsecured portion Answer
Unsecured liabilities Answer
Total unsecured liabilities $Answer
Estimated deficiency to unsecured creditors $Answer

In: Accounting

Software vulnerabilities in cyberspace can range from the simple outdated security patches on national critical infrastructure...

Software vulnerabilities in cyberspace can range from the simple outdated security patches on national critical infrastructure systems to poorly designed defense missile control systems. When these industrial control systems, military weapon control systems, or air control transportation systems are designed without security built into the software, their security vulnerabilities are paramount to the national security, economy, and human health.

Do research on the latest prominent software vulnerabilities and share your literature review findings with the class.

In: Computer Science

What is the formal impeachment process? Was Bill Clinton impeached? Why or why not? Has any...

What is the formal impeachment process? Was Bill Clinton impeached? Why or why not? Has any President been impeached? If so, who, when, how and why? If not, were any presidents close to being impeached?

In: Psychology

1. What type of commands can you issue through the command line process? Start-> IBM DB2COPY1...

1. What type of commands can you issue through the command line process?

Start-> IBM DB2COPY1 (Default) -> DB2 Command Line Processor

In: Computer Science

1/ On January 1, 2018, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on...

1/ On January 1, 2018, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $100,300. The ending inventory, valued at year-end costs, and the relative cost index for each of the next three years is below:

Year-end Ending inventory at
year-end costs
Cost Index
2018 $ 126,945 1.05
2019 144,320 1.10
2020 154,860 1.20


What inventory balance would Badger report on its 12/31/2020 balance sheet?

Multiple Choice

  • $129,050.

  • $130,895.

  • $154,860.

  • None of these answer choices are correct.

2/ Nu Company reported the following pretax data for its first year of operations.

Net sales 2,960
Cost of goods available for sale 2,450
Operating expenses 820
Effective tax rate 40 %
Ending inventories:
If LIFO is elected 830
If FIFO is elected 1,220

What is Nu's net income if it elects LIFO?

Multiple Choice

  • $546.

  • $910.

  • $520.

  • $312.

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In: Accounting

STEP 1: In a discussion post of 200-400 words, demonstrate your understanding of concepts learned in...

STEP 1: In a discussion post of 200-400 words, demonstrate your understanding of concepts learned in this module by responding to the following prompt: Pick an age: 1, 3, 7, 12, 15, 22, 35, 50, or 75. Think of your own experience or the experiences of those you know at this age. Consider the major developmental theories you learned about in this module (psychosexual, psychosocial, cognitive, and moral), and apply them to the age of your choosing. Describe either your own experiences, experiences of someone else, or an imagined situation at this age and use appropriate terms and definitions from the module to describe that stage of development. Do you agree with the developmental theories that describe this age? Why or why not?

In: Psychology

how to read a csv file in php not using fgetscsv or fgets. Just using file("Stores.csv");...

how to read a csv file in php not using fgetscsv or fgets. Just using file("Stores.csv"); or fopen("Stores.csv", "r"); and making into a html table? It print but it keeps saying Notice: Undefined offset: , Notice: Undefined offset: 2, etc at the top.

Acme,Walmart,Ross,BJs,Target,Marshalls,Foot Locker,Giant,Charming Charlie

142,160,28,10,5,3,60,0.28,3167

175,180,18,8,4,1,12,0.43,4033

129,132,13,6,3,1,41,0.33,1471

138,140,17,7,3,1,22,0.46,3204

232,240,25,8,4,3,5,2.05,3613

135,140,18,7,4,3,9,0.57,3028

150,160,20,8,4,3,18,4.00,3131

207,225,22,8,4,2,16,2.22,5158

271,285,30,10,5,2,30,0.53,5702

89,90,10,5,3,1,43,0.30,2054

153,157,22,8,3,3,18,0.38,4127

87,90,16,7,3,1,50,0.65,1445

234,238,25,8,4,2,2,1.61,2087

106,116,20,8,4,1,13,0.22,2818

175,180,22,8,4,2,15,2.06,3917

165,170,17,8,4,2,33,0.46,2220

166,170,23,9,4,2,37,0.27,3498

136,140,19,7,3,1,22,0.63,3607

148,160,17,7,3,2,13,0.36,3648

151,153,19,8,4,2,24,0.34,3561

180,190,24,9,4,2,10,1.55,4681

293,305,26,8,4,3,6,0.46,7088

167,170,20,9,4,2,46,0.46,3482

190,193,22,9,5,2,37,0.48,3920

184,190,21,9,5,2,27,1.30,4162

157,165,20,8,4,2,7,0.30,3785

110,115,16,8,4,1,26,0.29,3103

135,145,18,7,4,1,35,0.43,3363

567,625,64,11,4,4,4,0.85,12192

180,185,20,8,4,2,11,1.00,3831

183,188,17,7,3,2,16,3.00,3564

185,193,20,9,3,2,56,6.49,3765

152,155,17,8,4,1,33,0.70,3361

148,153,13,6,3,2,22,0.39,3950

152,159,15,7,3,1,25,0.59,3055

146,150,16,7,3,1,31,0.36,2950

170,190,24,10,3,2,33,0.57,3346

127,130,20,8,4,1,65,0.40,3334

265,270,36,10,6,3,33,1.20,5853

157,163,18,8,4,2,12,1.13,3982

128,135,17,9,4,1,25,0.52,3374

110,120,15,8,4,2,11,0.59,3119

123,130,18,8,4,2,43,0.39,3268

212,230,39,12,5,3,202,4.29,3648

145,145,18,8,4,2,44,0.22,2783

129,135,10,6,3,1,15,1.00,2438

143,145,21,7,4,2,10,1.20,3529

247,252,29,9,4,2,4,1.25,4626

111,120,15,8,3,1,97,1.11,3205

133,145,26,7,3,1,42,0.36,3059

<!DOCTYPE html>

<html>

<head>

<meta charset="utf-8">

<!-- title for web page -->

<title>Stores</title>

<link rel="stylesheet" href="style.css">

</head>

<body>

<h1>Stores</h1>

<table>

<?php

$Stores = file("homes.csv");

foreach($Stores as $key => $data) {

$Stores[$key] = explode(",", $data);

}

foreach($Stores as $key => $data)

print "".$Homes[$key][0]. "";

print "".$Homes[$key][1]. "";

print "".$Homes[$key][2]. "";

print "".$Homes[$key][3]. "";

print "".$Homes[$key][4]. "";

print "".$Homes[$key][5]. "";

print "".$Homes[$key][6]. "";

print "".$Homes[$key][7]. "";

print "".$Homes[$key][8]. "";

print "";

}

print "";

?>

In: Computer Science

The questions are at the bottom It was 4:56 P.M. on the surgical floor of Collins...

The questions are at the bottom

It was 4:56 P.M. on the surgical floor of Collins Memorial Hospital. Nurse Rhoda Fleming, an efficient head nurse with 15 years of experience, was in charge of the floor that afternoon. As is the case in many hospitals, she had responsibility for several patients herself as well as assuming supervisory responsibilities over other floor nurses. Making a final room check of her own patients prior to the arrival of her 5:00 P.M. relief, in Room 406 she found that Mr. Henry Youstra, who had undergone surgery the week before and not done well, had died. She pulled the sheet over the face of the body and made a mental note to tell her relief to empty the room for a new patient, bed space being especially important at this time in the hospital.

After finishing her check she returned to the floor desk. The evening shift supervisor, Anne Simmons, had already arrived, and was waiting at the desk.

“Hi, Anne. 406 just died, so that room's all set to go again. Too bad. We can certainly use the space, though.”

“That's for sure. Has 411 had her shot yet? Dr. Alpers really climbed on me yesterday about it. You know how he is.”

“No, not yet. You'd better do that right away.”

“Does the office know that 406 is ready?”

“No, you'll need to call them after you get things taken care of.”

Nurse Supervisor Fleming then left, and Simmons gave 411 her shot and went about other duties, dropping in on her own patients, and chatting with nurses on the shift.

At 5:45 P.M. she called the office and told them that room 406 was ready for occupancy, though she had not checked the room herself. She was told that a patient would be moved from recovery and would ultimately occupy 406.

Visitors' hours began at 7:00 P.M. at the hospital. As she had been doing three times daily throughout the week, as the fourth floor elevator doors opened, Mrs. Henry Youstra walked out and went down the hall to visit her husband.

At 8:00 P.M., the end of visiting hours, Nurse Supervisor Simmons checked each of her assigned patient rooms to see that visitors had left. In room 406 she found Mrs. Youstra dead on the floor beside the bed containing her husband's body.

Case Questions

  1. Explain how “noise” impeded accurate communication between Shift Supervisors Fleming and Simmons in this incident.
  2. What barriers to communication existed in the situation?
  3. How might this miscommunication have been avoided?
  4. What lessons might we learn from this case to help us understand the importance of communication to high performing workgroups?

In: Operations Management

Discuss an IT-related system that could be adopted at AIT to eliminate impersonation during exams, indicating...

Discuss an IT-related system that could be adopted at AIT to eliminate impersonation during exams, indicating where it would be located/placed and how each component of the system functions. .

In: Computer Science

​Sam's Cat Hotel operates 52 weeks per​ year, 6 days per​ week, and uses a continuous...

​Sam's Cat Hotel operates 52 weeks per​ year, 6 days per​ week, and uses a continuous review inventory system. It purchases kitty litter for ​$11.00 per bag. The following information is available about these​ bags:

Demand=80 ​bags/week

Order cost=$55.00​/order

Annual holding cost=40 percent of cost

Desired ​cycle-service level=80 percent

Lead time=5 weeks ​(30 working​ days)

Standard deviation of weekly demand=15 bags

Current ​on-hand inventory is 320 ​bags, with no open orders or backorders.

a. Suppose that the weekly demand forecast of 80 bags is incorrect and actual demand averages only 55 bags per week. How much higher will total costs​ be, owing to the distorted EOQ caused by this forecast​ error?

The costs will be ​$___ higher owing to the error in EOQ. ​(Enter your response rounded to two decimal​ places.)

b. Suppose that actual demand is 50 bags but that ordering costs are cut to only $13.00 by using the internet to automate order placing. However, the buyer does not tell anyone, and the EOQ is not adjusted to reflect this reduction in S. How much higher will total costs be, compared to what they could if the EOQ were adjusted?

The costs will be $____ higher owing to the error EOQ.

In: Operations Management

Chicago Furniture Company produces combination desk and chair sets for the elementary schools in the Midwest....

Chicago Furniture Company produces combination desk and chair sets for the elementary schools in the Midwest. As the second quarter is progressing it is important for the controller to complete a budget for the third quarter. The sales department manager has provided the following forecast.

July 8,000 desk combos
August 8,700 desk combos
September

7,600 desk combos

October 8,700 desk combos
November 8,800 desk combos
  • In order to ensure Just-in-Time (JIT) deliveries are maintained in accordance with the needs of the schools Chicago Furniture Company has a standing policy that the inventory at the end of each month must be equal to 40% of the following month’s forecasted sales. On July 1st there will be 3,200 desk combos in inventory.
  • The building of each desk combo requires 12 board feet of pine planks which cost $0.70 per foot. In order to maintain proper inventory for building the desk combos the department must have 30% of the next month’s production requirements.

Using Microsoft Excel, create a spreadsheet for the production and material purchases budget for the 3rd Quarter.

In: Accounting

A health spa has advertised a weight reducing program and has claimed that the average participant...

A health spa has advertised a weight reducing program and has claimed that the average participant in the program loses at least 20 pounds. A somewhat overweight executive is interested in the program but is skeptical about the claims and asks for some hard evidence. The spa allows him to select randomly the records of ten participants and record their weights before and after the program.

Test whether the average weight loss is at least 20 pounds.

Participant Before After

Ross Erickson 189 170

Josh Way 202 179

Laura Ewok 220 203

Luke Haas 207 192

Brandon Bott 194 172

etc. etc. etc.

State H0 and H1. You MUST show the five-step process for determining H0 and H1. (1 pt.) Be very careful how you handle the 20 pound difference! The variable with the larger numbers MUST be on the left.

In: Math

A research institute poll asked respondents if they felt vulnerable to identity theft. In the​ poll,...

A research institute poll asked respondents if they felt vulnerable to identity theft. In the​ poll, n equals 942 and x equals 520 who said​ "yes." Use a 90 % confidence level.

A. Find the best point of estimate of the population of portion p. (Round to three decimal places as​ needed.)

B. Identify the value of the margin of error E. (round to three decimal places as needed)

C. Construct the confidence interval. _ < p <_ round to three decimal places.

D. Write a statement that correctly interprets the confidence interval.

In: Math

How does work measurement impact the ability for an operation to be competitive in the 21st...

How does work measurement impact the ability for an operation to be competitive in the 21st century?

In: Operations Management

what are the advantages and disadvantages of adaptation in international Marketing

what are the advantages and disadvantages of adaptation in international Marketing

In: Economics