Beruflich Dokumente
Kultur Dokumente
Safe Payment
Schedule 1
Capital Balances
Possible loss (175,000)
Balances
Additional Loss (Deficiency)
Balances
Additional Loss (Deficiency)
Payment to partners
Schedule 2
Capital Balaces
Possible loss
Payment to partners
SS, capital
TT, capital
50,000.00
60,000.00
(58,333.33) (58,333.33)
(8,333.33)
1,666.67
8,333.33
(4,166.67)
(0.00)
(2,500.00)
2,500.00
SS, capital
TT, capital
38,000.00
48,000.00
(38,000.00) (38,000.00)
10,000.00
Capital Balances
Income sharing ratio
Loss absorption ability
Priority I
Balances
Priority II
Balances
SS
60,000
1
60,000
TT
70,000
1
70,000
60,000
70,000
(10,000)
60,000
60,000
PP
90,000
1
90,000
(20,000)
70,000
(10,000)
60,000
SS
TT
1/3
10,000
10,000
1/3
PP
Total
20,000
20,000
10,000
30,000
20,000
40,000
1/3
Problem 5-5
AB, CD & EF Partnership
Schedule of Safe Payments
Schedule 1: January
Capital and Loan Balances
Possible Loss:
Other Assets (189,000)
Possible Liquidation Cost (10,000)
Balances
Absorption of AB's potential def bal:
CD (22,500*3/5)
EF (22,500*2/5)
AB (50%)
74,000.00
(94,500.00)
(5,000.00)
(25,500.00)
25,500.00
-
Safe Payment
Schedul 2: February
Capital and Loan Balances
Possible Loss:
Other Assets (189,000)
Possible Liquidation Cost (6,000)
Balances
Absorption of AB's potential def bal:
CD (22,500*3/5)
EF (22,500*2/5)
Safe Payment
AB (50%)
72,000.00
(94,500.00)
(3,000.00)
(25,500.00)
25,500.00
-
Capital Balances
AB (50%)
118,000.00
Loan
Total Interest
Divide By
Loss absorption balances
Priority I to EF
Balances
(30,000.00)
88,000.00
0.50
176,000.00
176,000.00
Priority II to CD, EF
Balances
176,000.00
CD (30%)
101,600.00
EF (20%)
68,400.00
(56,700.00)
(37,800.00)
(3,000.00)
41,900.00
(2,000.00)
28,600.00
(15,300.00)
-
(10,200.00)
26,600.00
18,400.00
CD (30%)
73,800.00
EF (20%)
49,200.00
(56,700.00)
(37,800.00)
(1,800.00)
15,300.00
(1,200.00)
10,200.00
(15,300.00)
-
(10,200.00)
-
Cash
CD (30%)
90,000.00
EF (20%)
74,000.00
20,000.00
110,000.00
0.30
366,666.67
366,666.67
74,000.00
0.20
370,000.00
(3,333.33)
366,666.67
(190,666.67)
176,000.00
(190,666.67)
176,000.00
AB (50%)
48,000.00
48,000.00
Cash Payments
CD (30%)
EF (20%)
Total
666.67
666.67
30,600.00
30,600.00
19,733.33
20,400.00
50,333.33
51,000.00
28,800.00
19,200.00
96,000.00
59,400.00
39,600.00
147,000.00
PROBLEM 5-7
CASH DISTRIBUTION PROGRAM
Profit and loss ratio
Pre-liquidation capital and loan balances
Loss absorption balances
Decrease highest LAB to next highest:
Gold: (30,000 x .30)
Decrease LAB's to next highest:
Gold: (10,000 x .30)
Silver: (10,000 x .20)
Bronze
50%
Gold
30%
P110,000
P150,000
110,000
(30,000)
120,000
(10,000)
P110,000
P110,000
Cash available
First
Next
Next
Additional paid in P&L ratio
P106,000
(17,000)
(9,000)
(5,000)
(75,000)
P -0-
Statement of Liquidation
Beginning Balances
Loss on Realization
Balances
Liabilities
Balances
Loan to Partners
Balances
Cash
6000
100000
106,000
-7500
98,500
-19500
79,000
Other Assets
135000
-135000
0
0
0
Silver
20%
Bronze
Gold
Silver
P55,000
P45,000
P24,000
55,000
(9,000)
36,000
24,000
P120,000
120,000
(3,000)
(10,000)
P110,000
Accounts Payable
P 55,000
Bronze
50%
P 33,000
Gold
30%
(2,000)
P 22,000
Silver
20%
P17,000
P17,000
A/P
7500
7500
-7500
0
0
P37,500
P37,500
P9,000
3,000
22,500
P34,500
Bronze, Loan
12000
Silver, Loan
7500
12000
7500
12000
-12000
0
7500
-7500
0
P2,000
15,000
P17,000
50
30
Bronze
Gold
17000 67000
-17500 -10500
-500 56500
-500
12000
11500
56500
56500
20
Silver
-45000
-7000
-52000
38000
7500
45500
PROBLEM 5-9
SAFE PAYMENTS
24,000.00
40%
Dan
30%
Red
(42,000.00)
(45,000.00)
30%
Ben
(17,000.00)
9,600.00
7,200.00
7,200.00
4,800.00
3,600.00
3,600.00
12,000.00
Gain of 6,000
6,000.00
Balances, Aug.31
Possible loss of 16,000 + 32,000
48,000.00
(2,400.00)
(30,000.00)
(1,800.00)
(36,000.00)
(1,800.00)
(8,000.00)
19,200.00
14,400.00
14,400.00
1,600.00
(9,200.00)
4.34
1,200.00
(20,400.00)
3.26
(9,195.66)
(20,396.74)
4,000.00
Balances
Ben's potential deficit
1,200.00
7,600.00
(7.60)
7,592.40
Balances
30%
Red
Capital
Loan
Total interest
Ratio
Loss absortion potential
Priority I to Red
Balances
26,000.00
16,000.00
42,000.00
0.40
105,000.00
105,000.00
45,000.00
45,000.00
0.30
150,000.00
(45,000.00)
105,000.00
(48,333.00)
(48,333.00)
Balances
56,667.00
56,667.00
30%
Ben
17,000.00
###
17,000.00
###
56,666.67
56,666.67
56,666.67
Payments
Dan
Red
Ben
Total
13,500.00
13,500.00
19,333.00
14,500.00
33,833.00
19,333.00
28,000.00
47,333.00