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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

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Reedy Company reports the following information for 2012:
asambeis [7]

Answer:

Ending WIP= $13,500

Explanation:

<u>First, we need to calculate the factory overhead:</u>

Factory overhead= 25,000*0.75= $18,750

<u>Now, the ending WIP inventory:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

68,250 = 11,000 + 27,000 + 25,000 + 18,750 - Ending WIP

Ending WIP= $13,500

4 0
3 years ago
Pioneer Systems Inc. has a high degree of formalization. Employees in Pioneer Systems are more likely to: Multiple Choice
g100num [7]

Answer:

The correct answer is letter "D": face morale and motivation problems.

Explanation:

A high degree of formalization will result in reduced creativity as workers are told to behave in a specific way. In such organizations, strategic decision-making often happens only when there is a problem. A highly formalized structure is usually related to reduced motivation and morale issues among employees.

8 0
3 years ago
HELP! i need help with this brochure project for economics and personal finance. its about Understanding Checking and Debit Acco
Andre45 [30]

Answer:

no idea

Explanation:

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6 0
3 years ago
Analytical skills give a manager the ability to identify problems creatively, generate _____ alternatives, and select the "best"
Airida [17]

Answer:

reasonable

Explanation:

Analytical skills are a set of skills that allow an individual to collect and analyze information, as well as make decisions accordingly in order to solve complex problems. This is a highly important set of skills for a manager to have since it allows them to identify problems creatively, and generate reasonable alternatives for the best outcome.

6 0
3 years ago
The cash conversion cycle is computed as:
Anna [14]

Answer:

The correct option here is A) Days sales outstanding + Days inventory outstanding - Days payable outstanding.

Explanation:

Cash conversion cycle which is also termed as Net operating cycle or Cash cycle, this cycle tells us about how much time it is going to take for an organization to converts the amount of investment it has made in the inventory and various other resources to cash , which will be generated by sales.

Formula used for calculation =

                             AMOUNT OF SALES OUTSTANDING IN DAYS

                                                  +

                             AMOUNT OF INVENTORY OUTSTANDING IN DAYS

                                                  +

                             AMOUNT OF PAYABLE OUTSTANDING IN DAYS

4 0
3 years ago
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