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3 years ago

Best Construction, Inc., and General Real Estate Corporation form a joint venture. A joint venture is usually formed for

Business

1 answer:

STALIN [3.7K]3 years ago

6 0

Answer:

for mutual benefits

Explanation:

A joint venture is a business arrangement made between two parties that agree to come together and unite all of their resources in order to accomplish a specific common goal. Joint ventures are usually formed for mutual benefits, both companies involved benefit greatly from reaching the end-goal that they are working towards, but which neither company could do it without the other's resources.

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3 years ago

Bono was kicked out of the band U2 for failing to attend rehearsals on time and constantly cutting the strings of Adam Clayton b

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2 years ago

During step 3 of activity-based costing, activity overhead cost pool rates are used to assign overhead costs to final cost objec

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3 years ago

Klingon Cruisers, Inc., purchased new cloaking machinery five years ago for $20 million. The machinery can be sold to the Romula

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Answer:

a. $16,426,000

b. $19,080,000

Explanation:

a. What is the book value of Klingon's assets today?

Book value of assets refer to the value of the total value of the assets of a company on its balance sheet after depreciation, impairment and amortization have been deducted.

This can be calculated for this question as follows:

Book value of Klingon's assets today = Book value of current assets + Book value of fixed assets

Book value of fixed assets = $15,500,000

Book value of current assets = Current liabilities + Net working capital = $700,000 + $226,000 = $926,000

Therefore, we have:

Book value of Klingon's assets today = $15,500,000 + $926,000 = $16,426,000

b. What is the market value?

Market value refer to the amount that can be realized from selling something such as the assets of a company.

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Market value = Machinery sales amount + Current asset liquidated amount = $18,000,000 + $1,080,000 = $19,080,000

3 0

3 years ago

Now, suppose the fish cannery has the property rights to the lake, including the right to pollute it. In this case, assuming the

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The fish cannery will use the recycling method, regardless of who has the property rights: TRUE

<h3>What is recycling?</h3>

Recycling is the process of gathering and converting resources into new goods that would otherwise be thrown away as waste.
Both the environment and your community may benefit from recycling.

<h3>Given situation:</h3>

"Suppose the fish cannery has the property rights to the lake, including the right to pollute it.

In this case, assuming the two firms can bargain at no cost, the fish cannery will use the recycling method, and the resort will pay the fish cannery between $300 and $800 per week.

The resort will make the most economic profit when it has property rights to a clean lake."

Therefore, the following statement "the fish cannery will use the recycling method, regardless of who has the property rights is TRUE.

Know more about economic profits here:

brainly.com/question/24477585

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2 years ago