A Company That Was to Be Liquidated Had the Following

question 78

Essay

A company that was to be liquidated had the following liabilities: $\begin{array}{|l|r|r|}\hline\text { Income taxes } & \$ & 10,400 \\\hline \text { Notes payable (secured by land) } & & 156,000 \\\hline \text { Accounts payable } & \$ & 107,900 \\\hline \begin{array}{l}\text { Salaries payable to employees ( } \$ 15,000 \text { for John Jay and } \\\$ 2,800 \text { for Ann Still) }\end{array} && 17,800 \\\hline \text { Bonds payable } &&81,000 \\\hline \text { Administrative expenses for liquidation } &&26,000 \\\hline\end{array}$ The company had the following assets: $$\begin{array} { | l | c | c | c | c | } \hline & & \text { Book } & & \text { Fair } \\\hline & & \text { Value } & & \text { Value } \\\hline \text { Current assets } & \$ & 104,000 & \$ & 42,900 \\\hline \text { Land } & & 130,000 & & 117,000 \\\hline \text { Buildings \& equipment } & & 130,000 & & 143,000 \\\hline\end{array}$$
-Total liabilities with priority are calculated to be what amount?

Learn the steps and considerations in creating a customer journey map and its role in enhancing customer experience.

Understand the importance and methodology behind creating exclusionary personas to identify the target customer base.

Grasp the concept of "crossing the chasm" and its importance in reaching the early majority of customers.

Differentiate between bottom-up and top-down analysis for predicting sales.

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Definitions:

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Unconscious Thoughts

Mental processes not immediately available to consciousness, influencing behaviors and perceptions without one's awareness.

Psychoanalyst

A therapist who practices psychoanalysis, a method of mental therapy developed by Sigmund Freud, focusing on exploring unconscious conflicts.

Free Association

A psychoanalytic technique in which the patient says whatever comes to mind to uncover subconscious thoughts and feelings.