subject
Business, 12.02.2021 02:40 gigi8879

Recently, the owner of Martha's Wares encountered severe legal problems and is trying to sell her business. The company built a building at a cost of $1,150,000 that is currently appraised at $1,350,000. The equipment originally cost $630,000 and is currently valued at $377,000. The inventory is valued on the balance sheet at $320,000 but has a market value of only one-half of that amount. The owner expects to collect 99 percent of the $180,200 in accounts receivable. The firm has $11,600 in cash and owes a total of $1,350,000. The legal problems are personal and unrelated to the actual business. What is the market value of this firm

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:00
Concrete consulting co. has the following accounts in its ledger: cash; accounts receivable; supplies; office equipment; accounts payable; jason payne, capital; jason payne, drawing; fees earned; rent expense; advertising expense; utilities expense; miscellaneous expense. transactions oct. 1 paid rent for the month, $3,600. 3 paid advertising expense, $1,200. 5 paid cash for supplies, $750. 6 purchased office equipment on account, $8,000. 10 received cash from customers on account, $14,800. 15 paid creditors on account, $7,110. 27 paid cash for miscellaneous expenses, $400. 30 paid telephone bill (utility expense) for the month, $250. 31 fees earned and billed to customers for the month, $33,100. 31 paid electricity bill (utility expense) for the month, $1,050. 31 withdrew cash for personal use, $2,500. journalize the following selected transactions for october 2019 in a two-column journal. refer to the chart of accounts for exact wording of account titles
Answers: 2
question
Business, 22.06.2019 11:00
Samantha is interested in setting up her own accounting firm and wants to specialize in the area of accounting that has experienced the most significant growth in recent years. which area of accounting should she choose as her specialty? samantha should choose as her specialty.
Answers: 1
question
Business, 22.06.2019 22:00
Suppose that with a budget of $110, deborah spends $66 on sushi and $44 on bagels when sushi costs $2 per piece and bagels cost $2 per bagel. but then, the price of bagels falls to $1 per bagel.
Answers: 3
question
Business, 23.06.2019 03:20
You have just made your first $5,500 contribution to your retirement account. assume you earn a return of 10 percent per year and make no additional contributions. a. what will your account be worth when you retire in 45 years? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. what if you wait 10 years before contributing?
Answers: 1
You know the right answer?
Recently, the owner of Martha's Wares encountered severe legal problems and is trying to sell her bu...
Questions
question
Chemistry, 21.09.2020 14:01
question
Mathematics, 21.09.2020 14:01