A sale, an unpaid price and a proposed allocation
A machine is estimated at CHF 24,000 and later sold for CHF 20,000 under the fictional case’s stated procedure. Only CHF 12,000 of the price has actually been received so far. A supported CHF 1,000 outgoing payment is recorded. A spreadsheet proposes to distribute the entire estimate equally between four listed creditors, ignoring their rights and the unpaid price. One of the claims appears twice under an old and a new creditor name after an alleged assignment. A third party has also raised a documented claim affecting the asset, which is not resolved by the numerical assumptions. The exercise tests reconciliation and issue spotting; it does not prescribe statutory ranking, permission to distribute or the outcome of the third-party claim.
1. Calculate the actual cash balance under the stated movements.
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Recorded cash receipts are 12,000 and the stipulated outgoing payment is 1,000, leaving 11,000 before any other movements. The 24,000 estimate and 20,000 sale price are not both cash receipts. The remaining 8,000 sale price has not yet been received.
2. What must be checked before adopting the spreadsheet?
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Verify the applicable rights, costs, claim identity and assignment, and the status of the third-party claim. Determine whether distribution is legally available at this stage. Equal division by head count is not a substitute for the governing allocation rules or a supported cash balance.