Jay Z's Roc Nation Business Liquidation: Calculating Cash Proceeds

To\u0020calculate\u0020how\u0020much\u0020cash\u0020Jay\u0020Z\u0020will\u0020receive\u0020as\u0020a\u0020result\u0020of\u0020his\u0020claim\u0020against\u0020the\u0020assets,\u0020we\u0020need\u0020to\u0020calculate\u0020the\u0020total\u0020amount\u0020realized\u0020from\u0020the\u0020sale\u0020of\u0020the\u0020assets\u0020and\u0020subtract\u0020any\u0020expenses\u0020incurred.\n\nTotal\u0020amount\u0020realized\u0020from\u0020the\u0020sale\u0020of\u0020assets:\nAccounts\u0020Receivable\u0020collected:\u00201,250\u0020*\u00200.5\u0020=\u0020625 Supplies\u0020sold:\u00201,000 Equipment\u0020sold:\u00205,000 Automobile\u0020sold:\u002010,000 Property\u0020sold:\u0020280,000

Total\u0020amount\u0020realized\u0020from\u0020the\u0020sale\u0020of\u0020assets\u0020=\u0020625\u0020+\u00201,000\u0020+\u00205,000\u0020+\u002010,000\u0020+\u0020280,000\u0020=\u0020296,625

Expenses: Liquidator's\u0020fee:\u00203,250

Net\u0020amount\u0020realized\u0020from\u0020the\u0020sale\u0020of\u0020assets\u0020=\u0020Total\u0020amount\u0020realized\u0020from\u0020the\u0020sale\u0020of\u0020assets\u0020-\u0020Liquidator's\u0020fee Net\u0020amount\u0020realized\u0020from\u0020the\u0020sale\u0020of\u0020assets\u0020=\u0020296,625\u0020-\u00203,250\u0020=\u0020293,375

Now,\u0020we\u0020need\u0020to\u0020take\u0020into\u0020account\u0020the\u0020claims\u0020of\u0020the\u0020creditors.\u0020The\u0020total\u0020amount\u0020of\u0020claims\u0020is\u0020the\u0020sum\u0020of\u0020the\u0020Bank\u0020Loan\u0020and\u0020Accounts\u0020Payable: Total\u0020amount\u0020of\u0020claims\u0020=\u0020Bank\u0020Loan\u0020+\u0020Accounts\u0020Payable Total\u0020amount\u0020of\u0020claims\u0020=\u00208,000\u0020+\u002014,860\u0020=\u002022,860

Finally,\u0020we\u0020can\u0020calculate\u0020how\u0020much\u0020cash\u0020Jay\u0020Z\u0020will\u0020receive\u0020as\u0020a\u0020result\u0020of\u0020his\u0020claim\u0020against\u0020the\u0020assets: Cash\u0020Jay\u0020Z\u0020will\u0020receive\u0020=\u0020Net\u0020amount\u0020realized\u0020from\u0020the\u0020sale\u0020of\u0020assets\u0020-\u0020Total\u0020amount\u0020of\u0020claims Cash\u0020Jay\u0020Z\u0020will\u0020receive\u0020=\u0020293,375\u0020-\u002022,860\u0020=\u0020270,515

Therefore,\u0020Jay\u0020Z\u0020will\u0020receive\u0020$270,515\u0020as\u0020a\u0020result\u0020of\u0020his\u0020claim\u0020against\u0020the\u0020assets.