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4 years ago

Presented here are long-term liability items for Metlock, Inc. at December 31, 2017.

Business

1 answer:

Slav-nsk [51]4 years ago

6 0

Answer:

Explanation:

The preparation of the long-term liabilities section of the balance sheet for Metlock, Inc is shown below:

Metlock, Inc

Long-term liabilities section

December 31, 2017

Long-term liabilities

Bond payable $720,000

Less: Discount on bonds payable -$26,000 $694,000

Notes payable $85,000

Total Long-term liabilities $779,000

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

gladu [14]

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.

This can be calculated for this question as follows:

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

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3 years ago

In a paragraph of no less than 125 words, describe how using active listening at work can help you be a better employee.

PolarNik [594]

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4 years ago

What is the best scam ever in Business

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3 years ago

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The step of making a tentative plan in the troop-leading procedure usually has six steps. what is step six?

vladimir1956 [14]

Step six is to complete the plan.

The basic six steps are:
- receiving the requirements
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- conducting the <span>reconnaissance, and finally
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It is also advisable to follow the 6 steps by two additional steps which are:
- issuing the complete order
- supervision

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JulsSmile [24]

Nokia's workforce experienced interruptions as a result of transformations. Old talents became less significant and new skills were required. Employers needed encouragement from managers to adjust to the changes. Managers needed to be leaders.

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