3J's Farm

Cash Priority Program

For the period ended XXXXX
For 5 pts

Jimmy Jireme Jericho Jimmy

Total Interest 48,000 72,000 70,000
P/L Ratio 50% 30% 20%
Loss Absorption Capacity 96,000 240,000 350,000
1st Priority 110,000
Total 96,000 240,000 240,000
2nd Priority 144,000 144,000
Total 96,000 96,000 96,000 -

Jimmy Jireme Jericho

Cash Available for Distribution 70,000
1st Priority 22,000 22,000
2nd Priority 48,000 28,800 19,200
Total 70,000 - 28,800 41,200

Other Accounts Jimmy

Cash Assets Payable Capital
Profit or Loss Ratio 50%
Beg. Balance 40,000 210,000 60,000 48,000
Sale of Non-cash assets 90,000 - 120,000 - 15,000
Balance 130,000 90,000 60,000 33,000
Payment of liabilities - 60,000 - 60,000
Balance 70,000 90,000 - 33,000
First Distribution - 70,000 -
Balance - 90,000 - 33,000
Sale ofremaining non-cash assets 90,000 - 90,000 -
Balance 90,000 - - 33,000
Second Distribution - 90,000 - 33,000
 Jireme Jericho Total

22,000 22,000

43,200 28,800 72,000

43,200 50,800 94,000

Jireme Jericho
Capital Capital
30% 20%
72,000 70,000
- 9,000 - 6,000
63,000 64,000

63,000 64,000
- 28,800 - 41,200
34,200 22,800
- -
34,200 22,800
- 34,200 - 22,800
 Other Accounts Len
Cash Assets Payable Capital
Profit or Loss Ratio 50%
Beg. Balance 500,000 1,500,000 600,000 300,000
Sale of Non-cash assets 1,200,000 - 1,500,000 - 150,000
Balance 1,700,000 - 600,000 150,000
Payment of liabilities - 600,000 - 600,000
Balance 1,100,000 - - 150,000
Payment to partners - 1,100,000 - 150,000

Other Accounts Len

Cash Assets Payable Capital
Profit or Loss Ratio 50%
Beg. Balance 500,000 1,500,000 600,000 300,000
Sale of Non-cash assets 1,500,000 - 1,500,000 -
Balance 2,000,000 - 600,000 300,000
Payment of liabilities - 600,000 - 600,000
Balance 1,400,000 - - 300,000
Payment to partners - 1,400,000 - 300,000

Other Accounts Len

Cash Assets Payable Capital
Profit or Loss Ratio 50%
Beg. Balance 500,000 1,500,000 600,000 300,000
Sale of Non-cash assets 800,000 - 1,500,000 - 350,000
Balance 1,300,000 - 600,000 - 50,000
Additional Investment of Len 50,000 50,000
Balance 1,350,000 - 600,000 -
Payment of liabilities - 600,000 - 600,000
Balance 750,000 - - -
Payment to partners - 750,000 -
 Lea Lei
Capital Capital
30% 20% a) Cash 1,200,000
600,000 500,000 Len, Capital 150,000
- 90,000 - 60,000 Lea, Capital 90,000
510,000 440,000 Lei, Capital 60,000
Accounts Receivable 100,000
510,000 440,000 Inventories 800,000
- 510,000 - 440,000 Furniture and Fixtures 600,000

Lea Lei Accounts payable 600,000

Capital Capital Cash 600,000
30% 20%
600,000 500,000 Len, Capital 150,000
- - Lea, Capital 510,000
600,000 500,000 Lei, Capital 440,000
Cash 1,100,000
600,000 500,000
- 600,000 - 500,000 b) Cash 1,500,000
Accounts Receivable 100,000
Lea Lei Inventories 800,000
Capital Capital Furniture and Fixtures 600,000
30% 20%
600,000 500,000 Accounts payable 600,000
- 210,000 - 140,000 Cash 600,000
390,000 360,000
Len, Capital 300,000
390,000 360,000 Lea, Capital 600,000
Lei, Capital 500,000
390,000 360,000 Cash 1,400,000
- 390,000 - 360,000
c) Cash 800,000
Len, Capital 350,000
Lea, Capital 210,000
Lei, Capital 140,000
Accounts Receivable 100,000
Inventories 800,000
Furniture and Fixtures 600,000

Cash 50,000
Len, Capital 50,000

Accounts payable 600,000

Cash 600,000
Lea, Capital 390,000
Lei, Capital 360,000
Cash 750,000