If a company has the following: a company that was to be liquidated had the following liabilities: income taxes $ 10,000 notes payable secured by land 100,000 accounts payable 44,000 salaries payable ($16,000 for employee #1 and $4,000 for employee #2) 20,000 administrative expenses for liquidation 20,000 the company had the following assets: book value fair value current assets $100,000 95,000 land 50,000 75,000 building 150,000 200,000 total assets, available to pay liabilities with priority and unsecured creditors, are calculated to be what amount

Neon light company of kansas city ships lamps and lighting appliances throughout the country. ms. neon has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by one and one-half days. furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. the bank has a remote disbursement center in florida. a. if neon light company has $2.90 million per day in collections and $1.18 million per day in disbursements, how many dollars will the cash management system free up?

Which of the following is an effective strategy when interest rates are falling? a. use long-term loans to take advantage of current low rates. b. use short-term loans to take advantage of lower rates when you refinance a loan. c. deposit to a short-term savings instrumentals to take advantage of higher interest rates when they mature. d.select short-term savings instruments to lock in earnings at a current high rates.

Why has the free enterprise system been modified to include some government intervention?