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Southwestern Wear Inc. has the following balance sheet: Current assets $1,875,000 Accounts payable $375,000 Fixed assets 1,875,000 Notes payable 750,000 Subordinated debentures 750,000 Total debt $1,875,000 Common equity 1,875,000 Total assets $3,750,000 Total liabilities and equity $3,750,000 The trustee's costs total $257,000, and the firm has no accrued taxes or wages. Southwestern has no unfunded pension liabilities. The debentures are subordinated only to the notes payable. If the firm goes bankrupt and liquidates, how much will each class of investors receive if a total of $2.5 million is received from sale of the assets? Distribution of proceeds on liquidation:

1. Proceeds from sale of assets $

2. First mortgage, paid from sale of assets $

3. Fees and expenses of administration of bankruptcy $

4. Wages due workers earned within 3 months prior to filing of bankruptcy petition $

5. Taxes $

6. Unfunded pension liabilities $

7. Available to general creditors $

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Find the future value of the annuity due. Assume that interest is compounded annually, unless otherwise...

Find the future value of the annuity due. Assume that interest is compounded annually, unless otherwise indicated. $200 deposited at the beginning of each quarter for 7 years at 4.6% compounded quarterly $6638.11 $1682.71 $6362.64 $6090.30...

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4. (a) Find and write down the general solution of the ODE 2y" – xºy=0 in...

4. (a) Find and write down the general solution of the ODE 2y" – xºy=0 in the form of a power series about x = 0. Only include the first three non-zero terms in each of the two linearly independent solutions (in an interval I centered at x = 0) that you obtain. (b) Check that each of ...

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At a given instant the 10-16 block A is moving downward with a speed of 6...

At a given instant the 10-16 block A is moving downward with a speed of 6 ft s. Determine its speed 2 s later. Block B has a weight of 4 lb, and the coefficient of kinetic friction between it and the horizontal plane is 0.2. Neglect the mass of the cord and pulleys. B A...

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* Hypothesis Test for a Populatio X G Commute times in the U.S. are * +...

* Hypothesis Test for a Populatio X G Commute times in the U.S. are * + jcourse/a2/rest/assessement/deliver?context=b4f6cec30a000100699ac1b7bb3531eb&attempt=1 Countdown Dave. Countdown: Days:-o Time:-03:08:35 Question 14 A medical researcher is studying the effects of a drug on blood pressure. S...

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Suppose you just received a shipment of 14 televisions 3 of the televisions are defective it...

Suppose you just received a shipment of 14 televisions 3 of the televisions are defective it to televisions are randomly selected compute the probability that both televisions work what is the probability at least one of the televisions does not work...

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The number of trout in a lake drops when the lake is polluted. The trout population increases, but the allele frequency is different than it was before the pollution. What type of effect ls this?

The number of trout in a lake drops when the lake is polluted. The trout population increases, but the allele frequency is different than it was before the pollution. What type of effect ls this?...

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What is Major product of the following reaction? NHOCH.CH CH,CH, OH Br & de a А...

What is Major product of the following reaction? NHOCH.CH CH,CH, OH Br & de a А B C D m OB kod OD DA...

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You work for a small manufacturing firm, where it is clearly too expensive to have proper...

You work for a small manufacturing firm, where it is clearly too expensive to have proper segregation of duties. Because of this lack of control, management knows that opportunities exist to perpetrate fraud within the company. Management is particularly concerned with possible collusion between pur...

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K/L Real GDP 0 0.0 1. Use the data below to plot the production function. Capital...

K/L Real GDP 0 0.0 1. Use the data below to plot the production function. Capital Labor 40 100 150 200 250 40 40 22.1 29.0 35.1 40.7 2. Consider the table below for the market for loanable funds. Real Interest Investment Saving Rate (trillions of (trillions of (% per year) 1996 dollars) 1996 dollars...

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Horacio agrees to paint Stella's house for $1,000 Horatio fails to paint and Stella hires Winston...

Horacio agrees to paint Stella's house for $1,000 Horatio fails to paint and Stella hires Winston to paint the house for $1,000 Stella Sue's Horacio for breach of contract seller will likely receive what kind of damage is a liquidated be consequential see nominal...

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4. (8 points) An immortal man named Odin deposits $400 every two weeks into an account...

4. (8 points) An immortal man named Odin deposits $400 every two weeks into an account start- ing on his 40th birthday and ending on his 80th birthday (assume no leap years). Since he is immortal he plans to withdraw monthly payments from his account starting on his 84th birthday forever. If 112 = 6...

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To perform a test of the null and alternative hypotheses shown below, random samples were selected...

To perform a test of the null and alternative hypotheses shown below, random samples were selected from the two normally distributed populations with equal variances. The data are shown below. Test the null hypothesis using an alpha level equal to 0.01. Sample from Population 1 Sample from Populatio...

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Suppose that the risk-free rate is Rf = 2.70% and the risk-premium is E(Rm) - Rf...

Suppose that the risk-free rate is Rf = 2.70% and the risk-premium is E(Rm) - Rf = 7.23%. According to Gordon's Growth Model, if a company has a current dividend of DO = $24.40 per share, a constant growth rate of g = 5.62%, and B = 1.26, what is its stock price?...

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Help Sav Required information The following information applies to the questions displayed below) Upton and Verlander...

Help Sav Required information The following information applies to the questions displayed below) Upton and Verlander Company uses a job-order costing system. Upton and Verlander has two manufacturing departments-Molding and Fabrication. Upton and Verlander provided the following estimates at the be...

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10. A proposed attice building will include an 8.1 bin square, 3-ft deep spread ating that...

10. A proposed attice building will include an 8.1 bin square, 3-ft deep spread ating that will support a vertical downward service load of 160 k The soil below this footing is an overconsolidated clay (OC case with the following engineering properties Cell + ) = 0 10. C I + )-0022, and y = 113 ih T...

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The answer should be Pb=18.41 KPa For the inclined-leg of the mercury manometer of Fig. 1-2,...

the answer should be Pb=18.41 KPa For the inclined-leg of the mercury manometer of Fig. 1-2, the pressure in pipe A is 15 kPa. The fluid in A has a specific gravity of 0.9 and the fluid in B is water. What is the pressure in pipe B corresponding to the differential reading shown? (25 points) SG = 0....

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1. Use thermochemical equations shown below to determine the enthalpy for the final reaction: 2SO2(g) +...

1. Use thermochemical equations shown below to determine the enthalpy for the final reaction: 2SO2(g) + O2(g) → 2503 (g) AH = ? Using (1) 25 (s) + 302 (g) → 250: (g) AH = -791.4 kJ (2) S (s) + O2(g) → SO2 (g) AH = -296.8 kJ 2. Use the thermochemical equations shown below to determine ...

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Assume a person consumed 3500 calories for one day, and the breakdown of nutrients are as...

Assume a person consumed 3500 calories for one day, and the breakdown of nutrients are as follows: 50% of calories from carbohydrates, 20% of calories from protein and 30% of calories from fat. What are the total calories from carbohydrate for the entire day? 1925 kcal 2200 kcal 2395 kcal 1750 kcal ...