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Verdich [7]
3 years ago
15

Roscoe's fixed assets were purchased three years ago for $1.8 million. these assets can be sold to stewart's today for $1.2 mill

ion. roscoe's current balance sheet shows net fixed assets of $960,000, current liabilities of $348,000, and net working capital of $121,000. if all the current assets were liquidated today, the company would receive $518,000 cash. the book value of the firm's assets today is _____ and the market value is ____.
Business
1 answer:
Tasya [4]3 years ago
6 0

Book value of the assets is the amount at which it is shown in the balance sheet of the company. Market value of the assets is the total value of the assets the organization will receive if it is liquidated today.

Book value of firm’s total assets = Book value of firm’s current assets + Book value of firm’s fixed assets

= ($348,000 + $121,000) + $960,000

= $1,429,000

Market value of firm’s total assets = Market value of firm’s current assets + Market value of firm’s fixed assets

= $518,000 + $1,200,000

= $1,718,000

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Kaylis [27]
<span>This is an example of crowdsourcing. Crowdsourcing is the act of obtaining information or gathering input on something from a large group of people. When gathering ideas for doodles that could be placed on the cups in the coffee shop, the owner was engaging in crowdsourcing because they were collection different options from the group of customers in their coffeeshop.</span>
8 0
2 years ago
The accounting for bonds payable is:_______.
sergejj [24]

Answer:

a. essentially the same under IFRS and GAAP.

Explanation:

A bond is a fixed income instrument that represents the indebtedness of the borrower to the investor or creditor (bond issuer). They're basically loans that are given to large organizations or government.

This ultimately implies that, when an investor or creditor purchases a bond, an agreed amount of money is being borrowed to the issuer as a loan. Consequently, the bond issuer is expected to pay an interest with a return of principal at maturity to the holder (investor or creditor) of the bond.

Hence, bonds payable only arises when a company issues bonds so as to generate cash for its business and plans. Thus, the company is a borrower as the bond issuer while the holder of the bond is a debt-holder (investor or creditor). This further would mean that, the company becomes liable to the investor. Therefore, bonds payable should be recorded on the long-term liability side of the balance sheet being used by the company.

Bonds are issued at par or premium or discount and as such bond issuer records the face value of the bond as bonds payable.

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, account payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), and financial accounting standards board (FASB).

The accounting for bonds payable is essentially the same under International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP).

8 0
3 years ago
Kelly and Tim Browne plan to refinance their mortgage to obtain a lower interest rate. The Browns will reduce their mortgage pay
shtirl [24]

Answer:

16.9 months

Explanation:

Recovery time = Refinancing cost / Monthly savings

= $2,500 / $148

= 16.9 months

6 0
3 years ago
Creative task performance involves employee responses to task demands that are novel, unusual, or, at the very least, unpredicta
VladimirAG [237]

Answer:

False

Explanation:

Creative task performance represents the degree or extent to to which persons or employees come up with original, new and usual responses to task demands. That part of the question is true.

However, the false part is the unpredictability aspect because adaptive task performance is the type of performance which is also unusual, new and original but is at the very least unpredictable.

The question therefore combined the features of both creative and adaptive task performances. Therefore, the answer is false

8 0
3 years ago
If your company matches 75 cents on the dollar,and you contribute $200 a paycheck, how much will your employee match?
mihalych1998 [28]
I’m not sure but roughly 2.66. PLEASE don’t get mad if I’m wrong
4 0
2 years ago
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