PROBLEM 6-1

Asset Pledged to PSC 30,000.00

Partially Secured Creditors 40,000.00
PROBLEM 6-1
APTFSC FSL xx
APTPSC PSL xx
FA xx
UL w/o P xx
TOTAL FREE ASSETS xx xx
UL w/ P (xx)
NFA xx xx

APTPSL 30,000.00
PSL 40,000.00

30,000.00 100% 30,000.00

10,000.00 25% 2,500.00
40,000.00 32,500.00

PROBLEM 6-2

120,000.00 100% 120,000.00

88,000.00 75% 66,000.00
208,000.00 186,000.00

PROBLEM 6-4 & PROBLEM 6-5

Assets pledged to FSL 18,000,000.00

FSL 15,200,000.00

240,000.00 200,000.00 40,000.00

- - -
50,000.00 50,000.00
160,000.00 160,000.00
TOTAL FREE ASSETS 90,000.00
UL w/ P 0
NFA 90,000.00 160,000.00 (70,000.00)
56.25%
PROBLEM 6-6

90,000.00 100% 90,000.00

30,000.00 60% 18,000.00
120,000.00 108,000.00

- - -
90,000.00 120,000.00 30,000.00
 143,000.00 143,000.00
153,000.00 153,000.00
Total Free Assets 143,000.00 183,000.00 Total Unsecured Liabilities
Less: UL w/ Priority (34,000.00)
Net Free Assets 109,000.00 183,000.00 Total Unsecured Liabilities

0.595628415 60%

PROBLEM 6-7

50,000.00 100% 50,000.00

80,000.00 30% 24,000.00
130,000.00 74,000.00

Net Free Assets 80,000.00

46,000.00
TFA 126,000.00
UL w/ Priority (42,000.00)
NFA 84,000.00

Total Unsecured Liabilities 80,000.00

200,000.00
280,000.00 30%

PROBLEM 6-8

140,000.00 120,000.00 20,000.00

180,000.00 210,000.00 30,000.00
100,000.00 170,000.00 70,000.00
- 230,000.00 230,000.00

TFA 308,000.00 330,000.00

UL w/ P (110,000.00)
NFA 198,000.00 330,000.00

60%

100,000.00 100% 100,000.00

70,000.00 60% 42,000.00
170,000.00 142,000.00
al Unsecured Liabilities

al Unsecured Liabilities
PROBLEM 8-1
ICR GP
4,200,000.00 25% 1,050,000.00
2,700,000.00 25% 675,000.00
1,500,000.00 25% 375,000.00

PROBLEM 8-2
ICR -End DGP-EndDGP-BegRGP
2014 6,000.00 35% 2,100.00
### 5,130.00
2015 61,500.00 33% 20,295.00
### 40,455.00
2016 195,000.00 30% 58,500.00
### 61,650.00
107,235.00
Collection of ICR
14,657.14
122,590.91
205,500.00
342,748.05

PROBLEM 8-3 ICR GP

INSTALLMENT SALES 1,450,000.00
###
Collected 440,000.00
###
Remain 1,010,000.00
###

25%
125%
202,000.00 20.0% 1,010,000.00
440,000.00
1,450,000.00

PROBLEM 8-4
1,000,000.00
(700,000.00)
300,000.00 30%

RGP 120,000.00
OPEX (80,000.00)
Interest * FC 100,000.00
Net Income 140,000.00

PROBLEM 8-5

FMV 30,000.00
 Less: Unrecovered Cost 40,000.00
80,000.00 Loss (10,000.00)
(30,000.00)
50,000.00 125%
40,000.00 100%
10,000.00 25%

PROBLEM 8-6
IS 1,000,000.00 ###
Collection (200,000.00) ###
ICR-End 800,000.00 ### 50%
x GPR 50%
DGP -Ending 400,000.00

PROBLEM 8-7

FMV 120,000.00
Unrecovered Cost 135,000.00
200,000.00 Loss (15,000.00)
65,000.00

3,000,000.00 100.00%
2,025,000.00 67.50%
975,000.00 32.50%

PROBLEM 8-8

240,000.00 FMV
90,000.00 Unrecovered Cost
150,000.00 62.50% Gain

240,000.00
DP 35,000.00 35,000.00
ICR 205,000.00 200,000.00 5,000.00
40,000.00
62.50%
RGP 25,000.00

PROBLEM 8-9
 7,000.00
4,550.00
2,450.00 35.00%
2%
Collection Interest Principal
1-Apr-16 7,000.00
1-Apr-16 750.00 - 750.00 6,250.00
1-May-16 625.00 125.00 500.00 5,750.00
1-Jun-16 625.00 115.00 510.00 5,240.00
1-Jul-16 625.00 104.80 520.20 4,719.80
1-Aug-16 625.00 94.40 530.60 4,189.20
2,810.80
35.00%
983.78

FMV 1,875.00
UC 2,722.98
Loss 4,189.20 (847.98)
1,466.22

PROBLEM 8-10
2015 2016
90,000.00 180,000.00
(30,000.00) (60,000.00)
(15,000.00) (60,000.00)
(7,500.00)
(22,500.00)
75,000.00 15,000.00 60,000.00
 165,000.00
recovered Cost 75,000.00
200,000.00 90,000.00
125,000.00
TCP 1,000,000.00
TEC
CITD 200,000.00
ECTC 400,000.00 600,000.00
TGP 400,000.00
% of Completion 33.333%

Percentage of Completion Method Zero Profit Method

CR 333,333.33 200,000.00
COC 200,000.00 200,000.00
GP 133,333.33 -

2015 2016
TCP 9,000,000.00 9,000,000.00
CITD 3,900,000.00 6,300,000.00 2,400,000.00
ECTC 3,900,000.00 1,800,000.00
TEC 7,800,000.00 8,100,000.00
Gross Profit 1,200,000.00 900,000.00
% of Completion 50% 77.78%
CRTD 4,500,000.00 7,000,000.00
COCTD 3,900,000.00 6,300,000.00
GPTD 600,000.00 700,000.00
CR 4,500,000.00 2,500,000.00
COC 3,900,000.00 2,400,000.00
GP 600,000.00 100,000.00

TCP 6,000,000.00

CITD 3,600,000.00
ECTC 1,200,000.00
TEC 4,800,000.00
Gross Profit 1,200,000.00

% of Completion 75.00%

CRTD 4,500,000.00
COCTD 3,600,000.00
GPTD 900,000.00

CR
COC
GP 300,000.00

TCP 3,000,000.00

CITD 930,000.00
ECTC 2,170,000.00
TEC 3,100,000.00
Loss (100,000.00)

2015 2016
CITD 900,000.00 2,880,000.00 1,980,000.00
ECTC 3,600,000.00 1,920,000.00
TEC 4,500,000.00 4,800,000.00
% of Completion 20% 60%

Percentage of Completion

TCP 3,000,000.00
CITD 900,000.00
ECTC 1,800,000.00
TEC 2,700,000.00
TGP 300,000.00
% of Completion 33.33%
Percentage of Completion Zero Profit Method
CRTD 1,000,000.00 900,000.00
COCTD 900,000.00 900,000.00
GPTD 100,000.00 -