Gitman: Principl Manageri Finance_15 (15th Edition) (What's New in Finance)
Gitman: Principl Manageri Finance_15 (15th Edition) (What's New in Finance)
15th Edition
ISBN: 9780134476315
Author: Chad J. Zutter, Scott B. Smart
Publisher: PEARSON
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Chapter 18, Problem 18.13P

a)

Summary Introduction

To determine: Whether the statement voluntary statement is an extension, a composition, or combination of both.

Introduction:

Voluntary settlement refers ton settlement by the debtor to creditor under the situation of firm’s insolvency or bankrupt.

b)

Summary Introduction

To determine: Whether the statement voluntary statement is an extension, a composition, or combination of both.

Introduction:

Voluntary settlement refers ton settlement by the debtor to creditor under the situation of firm’s insolvency or bankrupt.

c)

Summary Introduction

To determine: Whether the statement voluntary statement is an extension, a composition, or combination of both.

Introduction:

Voluntary settlement refers ton settlement by the debtor to creditor under the situation of firm’s insolvency or bankrupt.

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An amortized loan:     repays both the principal and the interest in one lump sum at the end of the loan term.   requires the principal amount to be repaid in even increments over the life of the loan.   requires that all payments be equal in amount and include both principal and interest.   requires that all interest be repaid on a monthly basis while the principal is repaid at the end of the loan term.   may have equal or increasing amounts applied to the principal from each loan payment.
After paying all their liabilities, Mark, Lark, and Park had the following balances: Partner                 Capital                  Loans                    P&L ratio Mark                     P102,960             P90,000                12/25 Lark                        89,040                  30,000                  8/25 Park                       68,100                  39,900                  5/25 Cash available for distribution amounts to P37,800, remaining assets of P382,200 will be realized piecemeal in the next month. How much of the P37,800 cash should Park receive? P30,600 b. P7,200 c. P7,560 d. Zero
After paying all their liabilities, Mark, Lark, and Park had the following balances: Partner          Capital          Loans          P&L ratio Mark           P102,960         P90,000         12/25 Lark               89,040             30,000          8/25 Park                68,100            39,900          5/25   Cash available for distribution amounts to P37,800, remaining assets of P382,200 will berealized piecemeal in the next month. How much of the P37,800 cash should Parkreceive?
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