1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lana [24]
3 years ago
6

The Widget Co. purchased all of its fixed assets three years ago for $6 million. These assets can be sold today for $3 million.

The current balance sheet shows net fixed assets of $2,500,000, current liabilities of $1,375,000, and net working capital of $725,000. If all the current assets were liquidated today, the company would receive $1.8 million in cash. The market value of the company’s total assets today is $____________(in dollars, not millions).
Business
1 answer:
oksano4ka [1.4K]3 years ago
8 0

Answer:

$4,800,000

Explanation:

Widget corporation purchased all of its fixed assets three years ago for $6 million

These assets can be sold today for $3 million

The company receives $1.8 million in cash after liquidation of current assets

Therefore the market value of the company's total assets today can be calculated as follows

Market value = $3,000,000 + $1,800,000

= $4,800,000

Hnence the company's market value for today is $4,800,000

You might be interested in
Suze says that YFB’rs are broke. She gives 10+ reasons why, what are 3 of the reasons of why they are broke?
zysi [14]

Suze named ten reasons why YFB’rs are broke. Below are three reasons she identified:

1)      The company  runs out of cash

2)      The company is overpromising and undelivering

3)      They invested much on products, thus having left with big inventory 

4 0
3 years ago
A transfer payment is a payment made by a. firms, but not in exchange for capital equipment. b. foreigners, but not in exchange
s344n2d4d5 [400]

Transfer payment is a payment made by : Government, but not in exchange for a currently produced good or service.

<h3>What is transfer payment?</h3>

Transfer payment refers to a public expenditure, which is made purposely for unemployment compensation other than procuring goods or services.  It is money or other aid that is given by a government without any good or service in return.

Examples of transfer payments include:

  • Welfare
  • Financial aid
  • Social security
  • Government subsidies for certain businesses.

Hence, transfer payment is a payment made by government, but not in exchange for a currently produced good or service.

Learn more about transfer payment here: brainly.com/question/7176766

8 0
2 years ago
A classified income statement has four major sections—operating revenues, cost of goods sold, operating expenses, and non-operat
Advocard [28]

Answer: False

Explanation:

The statement in the question that a classified income statement has four major sections which are the operating revenues, cost of goods sold, operating expenses, and non-operating revenues and accounts receivables is not true.

It should be noted that a classified income statement is made up of the revenue, the expenses and the non operating revenues and expenses.

3 0
3 years ago
Ward and June are in the 32% tax bracket. A bond of Dell Computer Corporation with a face value of $10,000 is included in their
polet [3.4K]

Answer:

Tax Savings = 200

Explanation:

If Ward and June carry the bond, tax would be:

⇒ Interests * tax rate

⇒ 1000 * 32% = 320

They gift bond to their son, Wally, whose tax would be:

⇒ Interests * tax rate

⇒ 1000 * 12% = 120

The tax savings related to the transfer of Bond is:

⇒ 320 - 120 = 200

5 0
2 years ago
Read 2 more answers
Challenge TasksThree weeks ago, Mike McGee left to join a larger company, and management decided to reorganize the IT department
Naddika [18.5K]
Egged gig for the next month or something
6 0
3 years ago
Other questions:
  • FutureForm, a U.S. company, imports microprocessors from Japan. The company must pay in yen to the Japanese supplier within 30 d
    5·1 answer
  • Rodeo ranch's agent slim is authorized to draw checks on rodeo ranch's account in town bank. upper range corporation is a rodeo
    13·1 answer
  • Wholesome Bread, Inc. advertised that its honey wheat bread had 25% fewer calories than a competing brand, Valley Grains. In fac
    6·1 answer
  • One benefit of learning a trade versus earning a four-year degree is (A. A wider range of career advancement for opportunities (
    7·1 answer
  • Entrepreneurs' intentions are based on their perception of feasibility rather than someone else's impression of whether it is fe
    13·1 answer
  • Which of the following is true about the short-run aggregate supply curve.
    12·1 answer
  • What is the cost of goods sold given the following information? Beginning Work in Process 125,000 Beginning Finished Goods 78,00
    14·1 answer
  • Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 24 percent for the next three years, with the growth
    7·1 answer
  • A corporation in 2017 expects a gross income of 500000, total operating expences of 400000, and teh capitol investments of 20000
    6·1 answer
  • The following information relates to a companyâs accounts receivable: gross accounts receivable balance at the beginning of the
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!