Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.4 million. The machinery can be sold to the Romulans today for $6.6 million. Klingon's current balance sheet shows net fixed assets of $3.2 million, current liabilities of $750,000, and net working capital of $134,000. If all the current accounts were liquidated today, the company would receive $865,000 cash. a. What is the book value of Klingon's total assets today? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e. g., 1,234,567.) b. What is the sum of the market value of NWC and the market value of fixed assets? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e. g., 1,234,567.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.4 million. The machinery can be sold to the Romulans today ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Assume the Murtha Company reported the following adjusted account balances at year-end. 2016 2015 Accounts Receivable $1,560,200 $1,210,920 Allowance for Doubtful Accounts (79,000) (64,600) Accounts Receivable, Net $1,481,200 $1,146,320 Assume the
Answers (1)
Mao's resulted in decreased industrial output and food shortages.
Answers (1)
A group of medical specialists work in the neonatal unit of bightlake medical college and hospital. this group has agreed that they should explain students the reasons of specific procedures as and when they are performed although there are no
Answers (1)
Below are the account balances for Huffman Corporation at the end of December. Accounts Balances Cash $ 4,200 Salaries expense 1,800 Retained earnings 1,600 Advertising expense 1,130 Equipment 9,200 Service revenue 9,900 Common stock 4,200 Accounts
Answers (1)
A partnership is a business organization owned by A. one general partner and many stockholders B. individuals and stockholders C. two or more individuals D. one or more individuals
Answers (1)
New Questions in Business
Joel operates his business, carson collectibles, by himself. he has made no election with his state regarding his business. what is the most likely form of joel's business?
Answers (1)
Sheridan Company received $135000 in cash and a used computer with a fair value of $318000 from Carla Vista Co. for Sheridan Company's existing computer having a fair value of $453000 and an undepreciated cost of $420300 recorded on its books.
Answers (1)
A profit-maximizing firm in a monopolistically competitive market differs from a firm in a perfectly competitive market because the firm in the monopolistically competitive market a. sells its product in a highly-concentrated market. b.
Answers (1)
At the end of the accounting period, Isaac Company had a balance of $4,000 in its common stock account, additional paid in capital of $4,000, retained earnings of $3,000, and $1,000 of treasury stock. The total amount of stockholders' equity is:a.
Answers (1)
If the findings and the results are not presented properly, the research completed was a waste of time and money. True False
Answers (1)