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
Gelneren [198K]
3 years ago
6

Lester's Fried Chick'n purchased its building 11 years ago at a cost of $189,000. The building is currently valued at $209,000.

The firm has other fixed assets that cost $56,000 and are currently valued at $32,000. To date, the firm has recorded a total of $49,000 in depreciation on the various assets it currently owns. Current liabilities are $36,600 and net working capital is $18,400. What is the total book value of the firm's assets?
Business
1 answer:
liberstina [14]3 years ago
4 0

Answer:

$251,000

Explanation:

The computation of the total  book value of the firm's assets is shown below:

= Historical cost of building + cost of other fixed asset - total depreciation charged on the various assets + current liabilities + net working capital

= $189,000 + $56,000 - $49,000 + $36,600 + $18,400

= $251,000

We added the other cost which is computed above and deduct only the total depreciation so that the total book value of the firm's asset has come

You might be interested in
What does software alone enable a computer to do?
photoshop1234 [79]
Connect the internet
3 0
3 years ago
Read 2 more answers
Attention is limited in several ways. sometimes we can complete competing tasks at the same time, but sometimes we cannot becaus
Butoxors [25]
<span>GDP = C + I + G + NX = $5.5 trillion + $1 trillion + $1.5 trillion + $.75 trillion - $1.25 trillion = $7.5 trillion</span>
4 0
4 years ago
Unemployment that occurs when worker's skills do not match the jobs that are available.
liberstina [14]

Answer:

b. structural unemployment

5 0
2 years ago
A company that produces pleasure boats has decided to expand one of its lines. Current facilities are insufficient to handle the
Irina-Kira [14]

Answer:

A. Lowest Total Cost:

A. 315,550 or more

B. Lowest total cost of annual volume of 120 boats

C. C

Explanation:

The lowest total cost among the three alternatives is b.

If the company goes for new location it will have to incur fixed cost of $270,000 and variable cost per boat will be $600.

If the company Subcontracts then Total cost per boat is $2,620

If a company goes for expanding existing facility then it will incur fixed cost of $57,000 and variable cost will be $1,030 per boat.

If company produces 315,000 or more boats then it will have lowest possible cost for the boat.

For an output of 120 bots the best possible alternative is option C. The fixed cost will be $475 per boat ($57,000 / 120 boats)

The total cost will be $1,505 ($475 + $1,030)

5 0
3 years ago
Jasper makes a $31,000, 90-day, 6.5% cash loan to Clayborn Co. The amount of interest that Jasper will collect on the loan is:__
pochemuha

Answer:

the amount of interest that is collected is $503.75

Explanation:

The computation of the amount of interest that is collected is shown below:

= Cash loan × number of days ÷ total number of days × rate of interest

= $31,000 × 90 days ÷ 360 days × 6.5%

= $503.75

Hence, the amount of interest that is collected is $503.75

This is the answer but the same is not provided in the given options

We simply applied the above formula so that the correct value could come

And, the same is to be considered

4 0
3 years ago
Other questions:
  • What amount would Becca declare on her income tax return if Becca and Suzanne had formed a Subchapter S corporation and there wa
    7·1 answer
  • What happens if the fed sells $5 billion worth of treasury bonds on the open market?
    6·1 answer
  • Tommy McCartney is a sixteen-year-old high school student. He has worked forty hours per week at the local convenience store ove
    11·1 answer
  • A company that makes baseball caps is underutilizing its resources. what does this mean?
    13·2 answers
  • In preparing its June 30, 2013 bank reconciliation, a company has available the following information: Balance per bank statemen
    7·1 answer
  • Sensitivity analysis determines the: Multiple Choice net present value range that can be realized from a proposed project. degre
    11·1 answer
  • A price-cutting tactic may backfire if
    7·1 answer
  • Trout Company is considering introducing a new line of pagers targeting the preteen population. Trout believes that if the pager
    14·2 answers
  • 25 PTS!!! PLEASE HURRY URGENT!!
    10·1 answer
  • The size and cut of a diamond allows people looking at a ring to roughly estimate its cost and make a judgment about the wearer'
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!