Business
Business, 12.01.2021 17:50, GreenHerbz206

Klingon Cruisers, Inc., purchased new cloaking machinery three years ago for $9 million. The machinery can be sold to the Romulans today for $8.2 million. Klingon's current balance sheet shows net fixed assets of $6.1 million, current liabilities of $740,000, and net working capital of $218,000. If all the current accounts were liquidated today, the company would receive $1 million cash. a. What is the book value of Klingon's assets today? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e. g., 1,234,567.)
b. What is the sum of the NWC and the market value of fixed assets? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e. g., 1,234,567.)

answer
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 21:00, janiyaf8941
The following cost data relate to the manufacturing activities of chang company during the just completed year: manufacturing overhead costs incurred: indirect materials $ 15,800 indirect labor 138,000 property taxes, factory 8,800 utilities, factory 78,000 depreciation, factory 150,600 insurance, factory 10,800 total actual manufacturing overhead costs incurred $ 402,000 other costs incurred: purchases of raw materials (both direct and indirect) $ 408,000 direct labor cost $ 68,000 inventories: raw materials, beginning $ 20,800 raw materials, ending $ 30,800 work in process, beginning $ 40,800 work in process, ending $ 70,800 the company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. a total of 20,500 machine-hours were used during the year. required: 1. compute the amount of underapplied or overapplied overhead cost for the year. 2. prepare a schedule of cost of goods manufactured for the year.
Answers: 3
image
Business, 22.06.2019 07:00, ronnie7898
Amarket that consists of all possible consumers regardless of their specific needs or wants is a
Answers: 1
image
Business, 22.06.2019 10:40, jonnaevans4856
You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months ago. recently, you saw that stubhub was listing similar seats for $225 apiece. what does it cost you to attend the concert?
Answers: 1
image
Business, 22.06.2019 19:30, taylorray0820
Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above
Answers: 2
Do you know the correct answer?
Klingon Cruisers, Inc., purchased new cloaking machinery three years ago for $9 million. The machine...

Questions in other subjects:

Konu
Mathematics, 10.02.2021 01:00
Konu
Mathematics, 10.02.2021 01:00
Konu
Mathematics, 10.02.2021 01:00
Konu
Mathematics, 10.02.2021 01:00