Maurice Tutor

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    Argosy University/ Phoniex University/
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    Oct-2001 - Nov-2016

Category > Management Posted 30 Jan 2018 My Price 10.00

Book value of assets

Klingon Cruisers, Inc., purchased new cloaking machinery five years ago for $15 million. The machinery can be sold to the Romulans today for $14 million. Klingon's current balance sheet shows net fixed assets of $10 million, current liabilities of $870,000, and net working capital of $250,000. If all the current accounts were liquidated today, the company would receive $1.17 million cash.

What is the book value of Klingon's assets today? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

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connect cancel This wiiton shows nma! is co.lec! ? d iIwres . TUI Il:?ao.k cu Hve ?r:!tled su fer. 1. Ad:0 out of 1000 points Klingon Cruisers, Inc., purchased new cloaking machinery five years ago for $15 million. The machinery can be sold to the Romulans today for $14 million. Klingons current balance sheet shows net fixed assets of $10 million, current liabilities of $870,000, and net working capital of $250,000. If all the crrnt accounts were liquidated today the company would receive $1.17 million cash What is the book value of Klingons assets today? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) 11,12 What is the sum of the market value of NWC and the market value of fixed assets? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

 

CHEGG ANSWER


Book value of assets is calculated as the historical cost of the asset and liability and does not consider market / liquidation value

Book value = Fixed assets + Current assets

Fixed assets = 10 million

INCORRECT
Current assets = Net working capital + current liabilities = 250000 + 870000 = 1120000

Book value of assets = 10000000 + 1120000 = 11120000


   

connect cancel This wiiton shows nma! is co.lec! ? d i'Iwres . TUI Il:?'ao.k 'cu Hve ?r:!tled su fer. 1. Ad:0 out of 1000 points Klingon Cruisers, Inc., purchased new cloaking machinery five years ago for $15 million. The machinery can be sold to the Romulans today for $14 million. Klingon's current balance sheet shows net fixed assets of $10 million, current liabilities of $870,000, and net working capital of $250,000. If all the crrnt accounts were liquidated today the company would receive $1.17 million cash What is the book value of Klingon's assets today? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) 11,12 What is the sum of the market value of NWC and the market value of fixed assets? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

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Maurice Tutor
(5)
Status NEW Posted 30 Jan 2018 09:01 PM My Price 10.00

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