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 $1,170,000 that is currently appraised at $1,370,000. The equipment originally cost $650,000 and is currently valued at $397,000. The inventory is valued on the balance sheet at $340,000 but has a market value of only one-half of that amount. The owner expects to collect 98 percent of the $190,200 in accounts receivable. The firm has $11,400 in cash and owes a total of $1,370,000. The legal problems are personal and unrelated to the actual business. What is the market value of this firm? Multiple Choice $1,464,996 $1,124,996 $764,796 $934,796 $567,000
Solved
Show answers
More tips
- S Style and Beauty Choosing a Hair Straightener: Specific Criteria to Consider...
- F Family and Home How to Remove Tar Stains: Tips and Recommendations from Experts...
- F Family and Home How to Remove Fading from Clothes: Tips and Tricks...
- S Sport How to Do a Jumping Split...
- H Health and Medicine How Did Inna Lose Weight on Dom 2?...
- F Family and Home How to Properly Fold Napkins in a Napkin Holder?...
- F Food and Cooking How to Set Up Ventrilo - The Ultimate Guide...
- S Science and Technology How to Make a Homemade Smoker: The Ultimate Guide...
- A Auto and Moto Battle for the Relocation of The Cherkizovsky Market: Who Won?...
- C Computers and Internet How Do You Refill Cartridges?...
Answers on questions: Business
- B Business There are hundreds if not thousands of wineries. Each winery tries to emphasize how their product is superior to others, though they are all close substitutes. Barriers to entry are...
- B Business A builder from State A sued a homeowner from State B for breach of contract in federal court, alleging that the homeowner failed to pay the second half of the agreed-upon price for...
- B Business The Allowance for Doubtful Accounts will have a debit balance before adjustments when:. A. bad debts were underestimated at the end of the prior period. B. bad debts were overestimated...
- B Business You purchase a Treasury inflation-protected note with an original principal amount of $1,000,000 and a 2.8 percent annual coupon (paid semiannually). What will the first coupon payment...
- B Business Lauzy favors problem-solving techniques that allow teams of workers to freely identify and discuss possible solutions to a problem without having their ideas censored.Which of the...
- B Business The Canton Corporation shows the following income statement. The firm uses FIFO inventory accounting. CANTON CORPORATION Income Statement for 20X1 Sales $ 208,600 (14,900 units at...
- B Business The cost data for two mold presses being considered at Putnam Plastics are given below. Using a MARR of 12%, determine the better alternative using the annual cash flow analysis....
- B Business Suppose the marginal product of labor is currently equal to its average product. If you were one of ten new workers about to be hired, would you prefer to be paid the value of your...
- B Business Which of the following is true debit card offer the highest level or fraud protection debit cards off then have a higher interest-rate then credit cards checks are the most widely...
- B Business Name the written test a potential driver must pass and list the minimum required score to earn a learner’s license....
Ответ:
$764,796
Explanation:
The market value will use the current appriased values as well as recoverable accounts.
Building = $1,370,000
Equipment = $397,000
Inventory = Half of $340,000 = $170,000
Accounts receivable = 98%* 190,200 = $186,396
Cash = $11,400
Debt = $1,370,000
Market Value = Assets - Liabilities
= 1,370,000+ 397,000 + 170,000 + 186,396 + 11,400 - 1,370,000
= $764,796
Ответ:
Total Cost of Input=$9*50units
=$450
Cost per unit of productions=Total Cost/Output
=450/300
=$1.50 per unit