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White raven [17]
3 years ago
14

Recently, the owner of Martha's Wares encountered severe legal problems and is trying to sell her business. The company built a

building at a cost of $1,240,000 that is currently appraised at $1,440,000. The equipment originally cost $720,000 and is currently valued at $467,000. The inventory is valued on the balance sheet at $410,000 but has a market value of only one-half of that amount. The owner expects to collect 98 percent of the $225,200 in accounts receivable. The firm has $10,500 in cash and owes a total of $1,440,000. The legal problems are personal and unrelated to the actual business. What is the market value of this firm?
Business
1 answer:
Sladkaya [172]3 years ago
5 0

Answer:

Net market value of firm = $903,196

Explanation:

Items to determine the Market value of the firm are as below

 Item                                        Amount

Current value of building        $1,440,000

Current value of equipment    $467,000

Market value of inventory       $205,000

Cash in hand                            $10,500

98% of debtors                         $220,696

Less: Owings                           -<u>$1,440,000</u>

Net market value of firm        <u>$903,196</u>

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You found your dream vacation cottage in the mountains and your offer of $78,000 was accepted. You plan to put 20% down and will
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Answer:

financing 62,400 dollars

Monthly Payment   $ 465.48

Total Interest  21,386.4  

Rounding to nearest $ 100

Additional $$  34.52

We save up to 16 payments and $2,136.4 in interest.

By-weekly payment  $232.60

Total Interest saved $ 194.4

Explanation:

78,000 less 20% down-payment: 62,400

Monthly  Payment

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV  $62,400.00

time 180

rate 0.0034375

62400 \div \frac{1-(1+0.0034375)^{-180} }{0.0034375} = C\\

C  $ 465.484

Total Interest

quota times time less principal

$ 465.48 x 180 - 62,400 = 21,386.4

$  500  -  $  465.48  =   $  34.52

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C  $500.00

time n

rate 0.0034375

PV $62,400.0000

500 \times \frac{1-(1+0.0034375)^{-n} }{0.0034375} = 62400\\

(1+0.0034375)^{-n}= 1-\frac{62400\times0.0034375}{500}

(1+0.0034375)^{-n}= 0.571

We now use logaritmics properties to solve for n

-n= \frac{log0.571}{log(1+0.0034375)

-163.2956066

180 - 164 = 16 payments

Total Interst 500 x 163.30 - 62,400 = 19,250

Interest savings 21,386.4 - 19,250 = 2,136.4

If payment are bi-weekly:

then payments will be:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV  $62,400.00

time 360

rate 0.00171875

62400 \div \frac{1-(1+0.00171875)^{-360} }{0.00171875} = C\\

C  $ 232.598

And total Interest:

232.2 x 360 - 62,400 = 21,192

Difference 21,386.4 - 21,192 = $ 194.4

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