What is the balance of inventory

Assignment Help Financial Management
Reference no: EM131562434

Brenda’s Bar and Grill has total assets of $14.0 million, of which $8.0 million are current assets. Cash makes up 10 percent of the current assets and accounts receivable makes up another 40 percent of current assets. Brenda’s gross plant and equipment has a book value of $14.0 million and other long-term assets have a book value of $700,000. What is the balance of inventory and the balance of depreciation on Brenda's Bar and Grill’s balance sheet? (Enter your answers in millions of dollars rounded to 1 decimal place.) Inventory? Depreciation?

Reference no: EM131562434

Questions Cloud

Planning on investing in bonds : Jenny is planning on investing in bonds today to help him pay for his tuition when he starts college. She is choosing between two bonds.
Calculate the beginning-of-year balance for long-term debt : Dogs 4 U Corporation has net cash flow from financing activities for the last year of $43 million. Calculate the beginning-of-year balance for long-term debt.
What is the subprime housing crisis : What is the subprime housing crisis in 2008? What is the effect of subprime housing crisis to Wachovia?
How long will it take her to pay off the credit card : The interest rate is 18% compounded monthly. If she pays $25 a month, how long will it take her to Pay off the credit card?
What is the balance of inventory : What is the balance of inventory and the balance of depreciation on Brenda's Bar and Grill’s balance sheet?
What must the expected return on stock be : A stock has a beta of 1, the expected return on the market is 5.9 percent, and the risk-free rate is 2.5 percent. What must the expected return on this stock be
What the beta of the portfolio : Eminem is a risk taker and would like to invest in the portfolio below. He would like to know what the beta of the portfolio is.
Market risks that cannot be diversified : Two types of risks-Corporate risks that can be diversified and Market risks that cannot be diversified.
Images address the notion of a work and art : How does Banksy’s anonymity as well as his images address the notion of a “work” and “art”?

Reviews

Write a Review

Financial Management Questions & Answers

  Refined petroleum product did not yield estimated sales

A project for a new refined petroleum product did not yield estimated sales and is being terminated with no ($0) market value, because the refining equipment will be converted to produce another product. The project had the following cash flows in ac..

  What is the real rate of return for large-cap stock

What is the real rate of return for large -cap stock?

  What is the intrinsic value of this option

Suppose a European call option has an exercise price of $100 and the underlying stock has a price of $100. The stock will pay no dividends over the next year. The option expires in 1 year and the continuously compounded interest rate is 6%. (a) What ..

  What is difference between free trade credit-costly credit

What is the difference between aggressive and conservative working capital financing policies? What are the relative benefits and drawbacks of each of these extremes of working capital financing policies? What is the main factor that determines the e..

  What is the net present value for this project

The tax rate is 33 percent and the required return for the project is 16 percent. What is the net present value for this project?

  Show what each type of firm and investors would do

Assume that capital gains are entirely untaxed. - How would the arrangement change if the financial markets offered 9% for tax-exempt income?

  The fed makes loans to financial institutions

Which of the following statements regarding Fannie and Freddie is false? The Fed makes loans to financial institutions:

  Semi-annual coupon bond with a par value

A 7-year, 11.00% semi-annual coupon bond with a par value of $1000 may be called in 5 years at a call price of $1,155.00. The bond sells for $970.50. (Assume that the bond has just been issued.). What is its yield to maturity?

  Stand regenerates naturally with no regeneration cost

A northern hardwood stand regenerates naturally, with no regeneration cost. Every 65 years, it can be harvested to yield 12/mbf/ac of hardwood sawtimber at $300/mbf and 12 cd/ac of pulpwood at $5 per cord. The annual management expenses are $2.50/ac...

  What enterprise value do you estimate for creed in five year

Southwest Ventures is considering an investment in an Austin, Texas–based startup firm called Creed and Company. Creed and Company is involved in organic gardening and has developed a complete line of organic products for sale to the public that rang..

  Type of ownership combines estate in severalty

Which type of ownership combines estate in severalty and tenancy in common?

  The smaller the synergistic benefits of a particular merger

The smaller the synergistic benefits of a particular merger, the greater the scope for striking a bargain in negotiations, and the higher the probability that the merger will be completed. Since mergers are frequently financed by debt rather than equ..

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!

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