What would be the book value of the current assets

Reference no: EM13271964

The Corner Store currently has $3,600 in cash. The company owes $31,800 to suppliers for merchandise and $21,500 to the bank for a long-term loan. Customers owe The Corner Store $19,000 for their purchases. The inventory has a book value of $53,300 and an estimated market value of $71,200. If the store compiled a balance sheet as of today, what would be the book value of the current assets?

Reference no: EM13271964

Questions Cloud

What was the gain on the reacquisition of the bonds : Interest is payable semiannually, on April 1 and October 1, and the bonds mature on April 1, 20X6. On February 1, 20X2, $1,000 of these bonds are reacquired at 108 percent and accrued interest. Required: What was the gain (loss) on the reacquisiti..

What is the total mass of the dark matter in this galaxy : A star in a distant galaxy is located at a distance of 20 kpc from the center of that galaxy. What is the total mass of the dark matter in this galaxy

How much work does the electric field do in stopping proton : A proton is fired directly into a uniform electric field that is able to bring the charge momen- tarily to rest. How much work does the electric field do in stopping the proton

What is the firm income tax liability : ABC company had a taxable income of $588,645 from operations after all operating costs but before interest charges of $58,760, dividends received of $56,349, dividends paid of $10,000, and income taxes. What is the firm's income tax liability?

What would be the book value of the current assets : The inventory has a book value of $53,300 and an estimated market value of $71,200. If the store compiled a balance sheet as of today, what would be the book value of the current assets?

What is the current to let the wire just have zero tension : two flexible wires (massless) suspend a 10 cm-long conductor in the magnetic field with b = 4.2T. what is the current to let the wire just have zero tension

Is jim overspending or under-spending and why : Jim starts to work in January - time k=0. His income was zero the previous six months. His income is steady and constant for 0

Explain the importance of financial markets and securities : Explain the importance of financial markets and securities to businesses.

What are the retained earn : In addition, the company had an interest expense of $4,256, and a tax rate of 43%. The company paid$9,026 as dividends. If the retained earnings is 2006 were $56,533, what are the retained earnings in 2007?

User Account

All Pages