What is the book value of klingons assets today

Assignment Help Cost Accounting
Reference no: EM13298449

Klingon Widgets, Inc., purchased new cloaking machinerythree years ago for $6 million. The machinery can be sold tothe Romulans today for $5.6 million. Klingon's currentbalance sheet shows net fixed assets of $4.8 million, currentliabilities of $780,000, and net working capital of $100,000. If all the current assets were liquidated today, the company wouldreceive $805,000 million cash. What is the book value ofKlingon's assets today? What is the market value?

Reference no: EM13298449

Questions Cloud

Explain the equilibrium position of increasing the volume : Consider the reaction Cl2(g) + I2(g) 2 ICl(g), which is endothermic as written. What would be the effect on the equilibrium position of increasing the volume of the reaction container
Compute the force acting on the ball : As a baseball is being caught, its speed goes from 25 to 0 m/s in 0.007 seconds. What is the force acting on the ball
Prime function of light is disclosure and lighting plan : A prime function of light is disclosure. Light can make an object appear more valuable. The difference between glare and sparkle is the degree of brightness. The eye automatically seeks out the brightest object in its field. Daylight is a major facto..
Calculate and describe the image your fish sees : You have a fish tank of 20.00 cm radius filled with water (n =1.33). Your pet goldfish is swimming 10.0 cm from the closest part of the tank form you. Calculate and describe the image your fish sees
What is the book value of klingons assets today : If all the current assets were liquidated today, the company wouldreceive $805,000 million cash. What is the book value of Klingon's assets today? What is the market value?
Determine the daily discharge of groundwater into the canal : A canal is constructed parallel to a river 600 m away both fully penetrating an unconfined aquifer of coarse sand and fine gravel as shown in the illustration below. The aquifer is subject to an average infiltration of 2.3 m/year
Define density and specific heat capacity of the solution : Calculate H of this reaction per mole of H2SO4 and KOH reacted. (Assume that the total volume is the sum of the individual volumes and that the density and specific heat capacity of the solution are the same as for pure water
Find the normal force at the bottom of the wheels trajectory : A Ferris wheel with radius 38m is driven by a motor that exerts a force on the wheel 1m from the center. find the normal force at the bottom of the wheel's trajectory
An operational system : An operational system is which of the following?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Please make the appropriate entry or entries

Under FAS 123R, how would this transaction be reported in SAS's 12/31/09 year-end financial statements-would these terminated options result in some sort of an adjustment? If there is an adjustment, please make the appropriate entry or entries?

  Prepare the balance sheet

Prepare the Balance sheet and average cost

  Evaluate what is the roi for the shellfish division

Evaluate what is the ROI for the Shellfish Division, before and after the proposed purchase of Shrimp Inc and find what is the residual income for the Shellfish Division, before and after the purchase of Shrimp Inc.?

  Determine the maximum capital loss amount

What is the profit or loss that Alicia should report (again, ignore any gift tax that will have been paid on the transfer from Batista to Alicia) Determine the maximum capital loss amount that Abena can use to offset her other income?

  Determine the breakeven point in units

Determine the breakeven point in units for the Peoria plant and for the Moline plant and evaluate the operating income that would result from the production manager's plan to manufacture 96,000 units at each plant.

  Compute top notch incs tax liability

Top Notch pays New Zealand taxes of $114,000. Assuming a us tax rate of 35% compute Top Notch Inc's tax liability after any allowable foreign tax credits.

  How could the foreign competitors profitably sell a product

Evaluate how could the foreign competitors profitably sell a similar product for less than manufacturing costs to Houston Electronic and what advice do you have for the president concerning the HE Versatile CVD?

  Determine the predetermined overhead rate

Determine the predetermined overhead rate that will be used during the year and determine the unit product cost of one pound of the Kenya Dark coffee and one pound of the Viet Select coffee.

  Calculate the monthly break-even units

Calculate the contribution margin for each pet house and calculate the monthly break-even units for each pet house. Ignore the sales commission for this computation.

  Evaluate the business products

Would Sweet Products bid on the Red Sugar Candy business at $20 per case

  When the borrower pays herzog the correct amount owed

On July 1, 2012, Herzog Mining lends cash and accepts a $9,000 note receivable that offers 10% interest and is due in nine months. How would Herzog record the transaction on April 1, 2013, when the borrower pays Herzog the correct amount owed

  Compute the net cash flow from operating activities

Yokum Company had the following transactions for 20X1: Collections on accounts receivable $236,250 Payments on inventory ($168,750) Payments for wages and salaries ($78,750) Payments of dividends ($11,250)Depreciation expense ($22,500) Income taxes p..

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