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adelina 88 [10]
3 years ago
11

Peeples, Inc., has a book value of equity of $13,500. Long-term debt is $7,700. Net working capital, other than cash, is $1,990.

Fixed assets are $18,450 and current liabilities are $1,670.
A) How much cash does the company have? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

B)What is the value of the current assets? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Business
1 answer:
Reil [10]3 years ago
6 0

Answer:

hope you like my answer

Explanation:

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The most viable target for her to engage will be the college students and their age group. In this way, she can also tap the tourist market without really having to do much. Hope this helps! Please put Brainliest! Have a great Day!
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3 years ago
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In previous years, Cox Transport reacquired 4 million treasury shares at $22 per share and, later, 2 million treasury shares at
crimeas [40]

Answer:

$8 million

Explanation:

Weighted-average cost = [(4,000,000 × $22) + (2,000,000 × $25)] ÷ (4,000,000 + 2,000,000) = $23

Increase in paid-in capital - share repurchase per share = selling price —Weighted-average cost = $27 - $23 = $4

Amount of increase in paid-in capital—share repurchase = Number of treasury shares × $4 = 2 million × $4 = $8 million

Therefore, Cox’s paid-in capital - share repurchase will increase by $8 million.

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4 years ago
What were the main factors in both the North and South for the abandonment of Reconstruction?
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8 0
3 years ago
An investment made 10 years ago is worth $100,000. if the annual return over these 10 years was 7.20%, then the original investm
GenaCL600 [577]

The original investment amount was $ 68.56 then annual return on investment is 10 years was 7.20% interest.

What is investment?

Investment definition is assets invested in to build wealth and save money on bank, property and projects for specific time period of money.

PV is a present value, FV is a future value, i is interest, n is number of period

PV= FV/ (1 + i) n

PV= 1, 00,000 / (1+7.20%) 10

PV =68.5650014087

As a result, the original amount of investment is 68. 56

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2 years ago
The entity’s manufacturing division, whose assets constituted 75% of its total assets at September 30, Year 5 (end of year), was
belka [17]

The event should be presented in the financial statements as follows:

1. The assets side of the balance sheet will be reduced by 75%, with its accompanying accumulated depreciation.

2. The bonded liability on the balance sheet is eliminated by the relevant amount.

3. The journal entry should debit the Bonded Liability and accumulated depreciation, while the assets worth 75% are credited.

4. If the bonded indebtedness is more than 75% of the assets, the company records a profit on disposal on the income statement. Otherwise, it records a loss. If they are equal, there is no profit or loss.

Thus, the difference between the debit and credit entries constitutes either profit or loss on disposal.

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