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
ololo11 [35]
3 years ago
5

Assume that market and book values are equal for current assets, current liabilities, and debt and other long-term liabilities.

SIMPLIFIED BALANCE SHEET FOR FEDEX May 30, 2013 (Figures in $ millions) Assets Liabilities and Shareholders’ equity Current assets $ 11,274 Current liabilities $ 5,750 Plant, equipment and other long-term assets 22,293 Debt and other long-term liabilities 10,419 Shareholders’ equity 17,398 Total assets $ 33,567 Total liabilities and equity $ 33,567 Note: Shares of stock outstanding: 316.6 million. Book value of equity (per share): 17,398 / 316.6 = $54.95. The stock price is $103.39.
a.Construct a market-value balance sheet from the above data. (Be sure to list the assets and liabilities in order of their liquidity. Enter your answers in millions rounded to 2 decimal places.)

SIMPLIFIED MARKET VALUE BALANCE SHEET FOR FEDEX
May 30, 2013
(Figures in $ millions)
Assets Liabilities and Shareholders’ equity
(Click to select)Current assetsCurrent liabilitiesDebt and other long-term liabilitiesPlant, equipment and other long-term assetsShareholders’ equity $ (Click to select)Current assetsCurrent liabilitiesDebt and other long-term liabilitiesPlant, equipment and other long-term assetsShareholders’ equity $
Growth opportunities (Click to select)Current assetsCurrent liabilitiesDebt and other long-term liabilitiesPlant, equipment and other long-term assetsShareholders’ equity
(Click to select)Current assetsCurrent liabilitiesDebt and other long-term liabilitiesPlant, equipment and other long-term assetsShareholders’ equity (Click to select)Current assetsCurrent liabilitiesDebt and other long-term liabilitiesPlant, equipment and other long-term assetsShareholders’ equity
Total assets $ Total liabilities and equity $
b.How much extra value shows up on the asset side of the balance sheet? (Enter your answer in millions rounded to 2 decimal places.)

Extra value on the asset side $ million
Business
1 answer:
melomori [17]3 years ago
7 0

Answer:

Market- value Balance sheet

ASSETS

NON-CURRENT ASSETS                                                 $37,628

CURRENT ASSETS                                                           $11,274

TOTAL ASSETS                                                                $48,908

EQUITY AND LIABILITIES          

EQUITY (316.6*$103.39)=32,733.274                             $32,733

LIABILITIES

NON-CURRENT                                                                $10,419

CURRENT LIABILITIES                                                     $5,750

TOTAL EQUITY AND LIABILITIES                                   $48,908

Explanation:

b) Assets are extra by ($37,628.274 - $22,293) =$15335.27

You might be interested in
Because advertising is often designed to add ________ value to a product or brand, it plays a more important communications role
nikdorinn [45]

Answer:

Psychological value

Explanation:

Psychological value :

In  psychology Value alludes to the relative significance that an individual places on a thing, thought, individual.

The term value has two related at this point particular implications. In its social-mental significance, conversely, a worth is a dynamic, attractive end express that individuals take a stab at or plan to maintain, for example, opportunity, dedication, or convention.

7 0
3 years ago
On September 3, 2021, the Robers Company exchanged equipment with Phifer Corporation. The facts of the exchange are as follows:
GREYUIT [131]

Based on the information given the appropriate journal entries to record the exchange for both Robers and Phifer are:

Robers entries

Debit Equipment (new) $77,000  

Debit Accumulated Depreciation $111 000  

Debit Cash $19,000  

Credit Equipment  $190,000

Credit Gain on Sale $17,000

($77,000+$111,000+$19,000-$190,000)

Phifer's entries

Debit Equipment(new) $96,000  

Debit Accumulated depreciation $119,000  

Debit Loss on Sale $14,000

($210,000+$19,000-$96,000-$119,000)

Credit Equipment  $210,000

Credit Cash  $19,000

Learn more about journal entries here:brainly.com/question/24696035

4 0
2 years ago
The margin of safety ratio is computed as actual sales divided by break-even sales. is used to determine the break-even point. i
max2010maxim [7]

Answer:

indicates what percent decline in sales could be sustained before the company would operate at a loss.

Explanation:

Since, Margin of safety ratio = Expected Sales - Break even sales

therefore,

The correct statement is : The margin of safety ratio indicates what percent decline in sales could be sustained before the company would operate at a loss.

8 0
3 years ago
What employee census data should sally gather to prepare for a benefits bid?
PilotLPTM [1.2K]

The employee census data that should be gathered by Sally to prepare for a benefits bid are;

  • Name
  • Age or date of birth
  • Number of dependents.

<h3>What are employee census data?</h3>

Employee census data can be regarded as the information needed from the employee to file a benefits bid.

Therefore, Name and Age are required for employee census data that should be gathered by Sally to prepare for a benefits bid.

Learn more about employee census data at:

brainly.com/question/25741658

3 0
2 years ago
Miniaturization of Wisynco sales?
Dmitriy789 [7]

Explanation:

Wisynco Group Limited has 1,500 total employees across all of its locations and generates $195.02 million in sales (USD).

4 0
2 years ago
Other questions:
  • Magneto Company had net credit sales during the year of $1,350,000 and cost of goods sold of $810,000. The balance in accounts r
    7·1 answer
  • The two major forms of employee involvement are participative management and​ ________.
    5·1 answer
  • Question 1 Tamarisk Corporation issued 1,800 shares of $10 par value common stock upon conversion of 900 shares of $50 par value
    13·1 answer
  • Levenworth Company incurs unnecessary costs each period because of the excess quantities of inventory maintained to meet unexpec
    15·1 answer
  • In its 2016 annual report, Caterpillar Inc. reported the following (in millions): 2016 2015 Sales $38,537 $47,011 Cost of goods
    13·1 answer
  • "A bond that was originally sold at par is now trading in the market at a premium. The bond is called at par. This action will b
    11·1 answer
  • Sam lives in San Diego and runs a business that sells pianos. In an average year, he receives $793,000 from selling pianos. Of t
    9·1 answer
  • Suppose that you buy a TIPS (inflation-indexed) bond with a 1-year maturity and a coupon of 7% paid annually. Assume you buy the
    13·1 answer
  • Splish Brothers Inc. accepted a national credit card for a $11200 purchase. The cost of the goods sold is $7200. The credit card
    6·1 answer
  • Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allow
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!