User Account

All Pages

Book value of klingons assets today

Assignment Help Accounting Basics
Reference no: EM13122675

Klingon Widgets, Inc. purchased new cloaking machinery three years ago for $4.3 million. The machinery can be sold to the Romulans today for $6.5 million. Klingon's current balance sheet show net fixed assets of $3.1 million, current liabilities of $740,000, and net working capital of $133,000. If all the current assets were liquidated today, the company would receive $855,000 cash.

What is the book value of Klingon's assets today?

Reference no: EM13122675

Questions Cloud

Thesis statement about obesity : could you write thesis about Thesis statement about Obesity
What was the initial concentration : A zero-order reaction has a constant rate of 1.00×10-4 . If after 80.0 seconds the concentration has dropped to 6.50×10-2 , what was the initial concentration.
Information about functions and relations : Which of the following are functions? The last two problems, i.e., b & c, are multi part relations consider all parts when determining whether or not these relations are functions. Explain your reasoning for a, b, and c.
Straight line depreciation and emi of loan : The book value of a machine is $21,000 at the end of its fourth year of life and $14,000 at the end of its sixth year of life. What was the purchase value of the machine, assuming that "straight line depreciation" is being used.
Book value of klingons assets today : If all the current assets were liquidated today, the company would receive $855,000 cash. What is the book value of Klingon's assets today?
Preparing a statement of cash flows : Prepare a statement of cash flows (indirect method)for walker corportion for 2010. The 2010 and 2009 balanccer sheets of walker corporation follow. the 2010 income statement is also provided.
Relation to subject and verb : Why is it important to understand what is the subject and verb and be able to recognize both in a sentence in order to ensure your writing is free from run ons, comma splices and fragments?
Net increase or decrease in cost : It is estimated that variable manufacturing costs will be reduced from $26,000 to $23,500 annually if the new machine is purchased. The total net increase or decrease in cost for the new equipment for the entire five years is ??
Population and parameters : In finding the average size of automobile tire that is purchased, the mean or median size might be a tire that does not exist. Therefore, one would want to know the size of tire bought most often.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Economics question on rate of return

Swagelok Enterprises is manufacturer of miniature fittings and valves. Over a 5-year period, the costs associated with one product line were given below:

  Journal entries-consignment sales

Green Lawn Chemical company sells lawn and garden chemicals through several hundred garden suppy stores and department store garden shops. Assume Green Lawn shipped goods costing Green Lawn $8400 and with a wholesale price (i.e. price to the retai..

  Depreciation deductions

During the current year, Hugo sells equipment for $150,000, which it placed in service in 2009. The equipment cost $175,000, and $55,000 of depreciation deductions was allowed. The results of the sale are

  Asset turnover profit margin-target rate of return

Innovative Furnishing Solutions (IFS) a division of Steelman Corporation: Asset turnover Profit margin, Target rate of return on investments for RI, Cost of capital and other operational data, to compute the segment margin and the average assets f..

  Differential analysis report

Prepare a differential analysis report, dated February 8 of the current year, on the proposal to discontinue Product J. Calculate the annual differential profit.

  Solving rate of return with excel

You have two investment opportunities. One will have a 10% rate of return on an investment of $500; the other will have an 11% rate of return on a principal of $700.

  Preparing the required journal entries

a) prepare the journal entries for Myers Co. for 12/31/2010 b) Prepared the required journal entries for for Myers for 2011.

  Irc section 351

How many distinct steps or requirements are contained in the language of IRC Section 351 (a) for non-recognition treatment, and what are they?

  Net income of financial brokers partnership

Shue withdrew $240,000 as withdrawals and contributed equipment valued at $50,000 to the partnership. What was the net income of the Financial Brokers Partnership for 2008?

  Cost of goods manufacturing during the year

If the cost of goods manufactured during the year amounted to $1,330,000 and annual sales were $1,996,000, how much is the amount of gross profit for the year?

  Corporate annual report-nikon

Discuss the key factors that determined the company's financial performance during the year. Discuss what the primary assets held by the company are. Demonstrate how management portrays the internal control environment of NIKON.

  Prepare a schedule of cash collections

Prepare a schedule of cash collections for January, February, and March and for the quarter in total, Prepare a production budget for January, February, and March and for the quarter in total.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd