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
Rama09 [41]
3 years ago
6

The Piper Co purchased a new machine 4 years ago at $15 million. The machine can be sold for $5 million today. The firm's curren

t balance sheet shows a net fixed assets of $3 million, current liabilities of $2 million, and a net working capital of $750,000. If all the current assets were liquidated today, the company would receive $2.15 million cash. Calculate the book value of the firms assets.
Business
1 answer:
notsponge [240]3 years ago
4 0

Answer:

$5,750,000

Explanation:

Given that,

Net working capital = $750,000

Current Liabilities = $2,000,000

Book value of the net fixed assets = $3,000,000

Net working capital = Current assets - Current Liabilities

Book value of the current assets:

= Net working capital + Current Liabilities

= $750,000 + $2,000,000

= $2,750,000

Book value of the firm's assets:

= Book value of the current assets + Book value of the net fixed assets

= $2,750,000 + $3,000,000

= $5,750,000

You might be interested in
A(n) _______________ is either a person or medium providing consumption-related information and hired and paid by and organizati
Luba_88 [7]

Answer:

Formal source

Informal source

Explanation:

A formal source is either a person or medium providing consumption-related information and hired and paid by and organization. An informal source is person whom the message receiver knows personally, such as a parent or friend who gives product information or advice, or an individual met and respected online.

4 0
4 years ago
An economic expansion leads to​ ________ needsminustested spending and​ ________ induced taxes.
Fantom [35]

<span>An economic expansion leads to lower needs-tested spending and higher induced taxes. The spending on programs that returns advantage or benefits to people and business that are qualified is known as needs-tested spending. When the economy expanded the unemployment rate decreases so as the need-tested spending.</span>

8 0
4 years ago
Which of the following people are structurally unemployed? Select all answer options that apply. Choose one or more: A. A worker
a_sh-v [17]

Answer:

Structural unemployment is present in case of A, B, C, and D.

Explanation:

Structural unemployment refers to the situation when the workers are unemployed because of the mismatch between the skills they possess and the skills the employers are looking for.  

Unemployment caused by drought cannot be classified as structural unemployment. The rest of the examples involves cases of structural unemployment.

8 0
3 years ago
MC Qu. 98 At the beginning of the recent... At the beginning of the recent period, there were 1,470 units of product in a depart
agasfer [191]

Answer:

Using the weighted average method, the equivalent units produced by the department were:

= 8,760 units.

Explanation:

a) Data and Calculations:

                                         Units    Conversion  

 Ending inventory             1,560

Units completed             8,370

Units available                9,930

Beginning inventory        1,470         35%

Additional units started 8,460

Equivalent units of production:

Units completed            8,370         8,370 (100%)

Ending inventory           1,560            390 (25%)

Equivalent units of production       8,760

4 0
3 years ago
In order to satisfy the needs and wants that people have, businesses must combine factors of production. The factors of
mars1129 [50]

Answer:

by utilizing the goods by their proper uses

5 0
2 years ago
Other questions:
  • Stoneheart Group is expected to pay a dividend of $3.05 next year. The company's dividend growth rate is expected to be 4.5 perc
    13·1 answer
  • Brooks Co. purchases various investments in trading securities at a cost of $63,000 on December 27, 2017. (This is its first and
    15·1 answer
  • annual property taxes are $1,776. the previous year's taxes are paid. if the closing is one May 1, what is the seller's portion
    5·1 answer
  • The following costs result from the production and sale of 4,900 drum sets manufactured by Tight Drums Company for the year ende
    8·1 answer
  • Rick Co. had 30 million shares of $1 par common stock outstanding at January 1, 2018. In October 2018, Rick Co.'s Board of Direc
    15·1 answer
  • Your company wants to establish good privacy practices in the workplace so that employee and customer data is properly protected
    11·1 answer
  • Taco bell over the years has established multiple locations across the U.S. and the abroad. Because of the large number of store
    9·1 answer
  • Think through all the assets you own. What would you say is your approximate “net worth” if you were a business? Calculate this
    14·1 answer
  • 5. Customers' service expectations are
    10·1 answer
  • TB MC Qu. 16-98 At the beginning of the recent... At the beginning of the recent period, there were 1,020 units of product in a
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!