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
Y_Kistochka [10]
3 years ago
14

Klingon Widgets, Inc., purchased new cloaking machinery four years ago for $8 million. The machinery can be sold to the Romulans

today for $7.4 million. Klingon’s current balance sheet shows net fixed assets of $6 million, current liabilities of $790,000, and net working capital of $246,000. If all the current accounts were liquidated today, the company would receive $1.13 million cash.
What is the book value of Klingon’s total assets today? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Book value of total assets $
What is the sum of the market value of NWC and the market value of fixed assets? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Sum of the market value of NWC and market value of fixed assets $
Business
1 answer:
alisha [4.7K]3 years ago
7 0

Answer and Explanation:

The computation is shown below:

But before that we need to find out the current asset which is

The Net working capital = Current assets - current liabilities

$246,000 = Current assets -$790,000

So, the current assets is $1,036,000

Now the book value of Klingon’s total assets is

Total assets = Current assets + net fixed assets

= $1,036,000 + $6,000,000

= $7,036,000

The sum of market value of NWC and fixed assets is

= Market value of net working capital + market value of fixed assets

= $1,130,000 + $7,400,000

= $8,530,000

You might be interested in
Select the instances in which you should include a comma
Shkiper50 [21]

A E F are the answrs i have.

3 0
3 years ago
Read 2 more answers
Look in a recent issue of The Wall Street Journal at "NYSE-Composite Transactions."a. What is the latest price of IBM stock? b.
nydimaria [60]

Answer:

A) $191.08

B)  The annual dividend = $0.85 per share

     dividend yield = 1.78%

C) 3.14%

D) 13.74

E) $13.91

F) IBM's P/E  at 13.74 is higher than Exxon Mobil P/E at 11.29

G) The possible reasons for the difference in P/E is due to the difference in EPS earned by each company and also the difference in stock price of each company's stock

Explanation:

Referring the the recent issue of the wall street Journal at NYSE-Composite Transactions

A) The Latest price of IBM stock = $191.08

B)  What are the annual dividend payment and the dividend yield on IBM stock

The annual dividend = $0.85 per share

dividend yield = 1.78%

C) calculate what the yield will become if yearly dividend is moved up to $1.50

first we find the price per share

price per share = annual dividend per share / current dividend yield

                         = 0.85 / 1.78%  = 0.85 / 0.0178 = $47.75

since we now have the price per share value we can now calculate the dividend yield

dividend yield = annual dividend / price per share

                       = $1.50 / $47.75 =  0.0314

                       = 3.14 %

D) Calculate the P/E on IBM stock

 = 13.74 times as it was traded for the last 12 months

E) calculate IBM's earnings per share using P/E

 earnings per share = Price / P/E

 Latest  price of IBM stock = $191.08

  P/E = 13.74

 earnings per share =  191.08 / 13.74  = $13.91

F) IBM's P/E  at 13.74 is higher than Exxon Mobil P/E at 11.29

G) The possible reasons for the difference in P/E is due to the difference in EPS earned by each company and also the difference in stock price of each company's stock

7 0
3 years ago
What will happen if the current asset price is greater than the present value of income? Question 2 options: Buyers will bid the
Inessa05 [86]

Answer:

The answer is:  Buyers will bid the asset's price down until it equals the present value of income.

Explanation:

As the current asset price is greater than the present value of income, it is overpriced.

So, seller is much willing to sell at this price, however, buyers does not want to buy asset at this price as they only want to purchase it at the price equals to the present value of its income.

So, Buyers will bid the asset's price down until it equals the present value of income which is the level they are willing to buy and also at which the seller is willing to sell also.

5 0
3 years ago
An investor bought a one-acre lot on the outskirts of a city for $12,700 cash. Each year she paid $175 of property taxes. At the
german

Answer:

79.5%.

Explanation:

Rate of return = \frac{final value - initial value}{initial value} x 100

The cost of the acre = $12700.

Total property taxes paid for 7 years = $175 x 7

                                                             = $1225

Net value of cost = $12700 + $1225

                             = $13925

Net value of the land when sold = $25000

∴ Rate of return = \frac{25000 - 13925}{13925} x 100

                          = 0.7953 x 100

                          = 79.53%

The rate of return of the acre of land is 79.5%.

7 0
2 years ago
In 2005, Clear Channel (an owner of multiple popular radio stations) spun off concert promoter Live Nation into an independent c
lana [24]

The statement the price of radio programming should fall is false.

<h3>What is Complements-in-consumption </h3>

Complements in consumption can be defined as the way in which two or more product complement each other when use of consume together or when use jointly.

Hence, Based on the scenario the statement is false because assuming the both music radio ,and concert are complements in consumption the price of radio  programming will not fall.

Learn more about Complements in consumption here:brainly.com/question/12194202

#SPJ1

3 0
1 year ago
Other questions:
  • The Self-development stage of the extratropical cyclone model occurs when _________. upper level divergence moves over a station
    8·2 answers
  • First he was all about innovation. next it was efficiency. now​ snyder's strategy is customer responsiveness. these changes in s
    13·1 answer
  • Roberts Company uses the​ percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $
    5·1 answer
  • AVI supplies vended food to a large university. Because students kick the machines at every opportunity, management has a consta
    14·1 answer
  • How did the minimum wage change in october 1996? what other change occurred in september 1997?
    9·1 answer
  • Jenna wishes to deposit $250 in the bank every month in order to save for the future. Which of these options will best suit her?
    7·1 answer
  • According to liquidity preference theory, if there were a surplus of money, then A. the interest rate would be above equilibrium
    10·1 answer
  • Which of the following is NOT a suggested strategy for handling decreases in income? Finding a new job to replace lost income. R
    8·1 answer
  • To measure the strength of a currency, you can
    7·2 answers
  • A cost that would be included in product costs under both absorption costing and variable costing is:____.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!