ZuoTi.Pro
Question

Klingon Cruisers, Inc., purchased new cloaking machinery four years ago for $12 million. The machinery can...

Klingon Cruisers, Inc., purchased new cloaking machinery four years ago for $12 million. The machinery can be sold to the Romulans today for $11.2 million. Klingon's current balance sheet shows net fixed assests of 9.2 million, current libabilities of $820,000, and net working capital of $222,000. If all the current account were liquidated today, the company would receive $1.04 million cash.

what is the book value of Klingon's total assets today?

What is the sum of the market value of the NWC and the market value of fixed assets?

business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Net Working Capital = current assets - current liabilities

Current Assets = current liabilities + NWC

= $820,000+$222,000

=$1,042,000

Net fixed assets = $9,200,000

Book value of total assets = $10,242,000

Market value of NWC:

Current Assets =$1,040,000

Current Liabilities =$820,000

Market Value of NWC = $220,000

Market value of fixed assets = $11,200,000

Sum of market value of NWC and Fixed Assets = $11,420,000

1 0
Add a comment
Know the answer?
Add Answer to:
Klingon Cruisers, Inc., purchased new cloaking machinery four years ago for $12 million. The machinery can...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Klingon Cruisers, Inc., purchased new cloaking machinery three years ago for $9 million. The machinery can...

    Klingon Cruisers, Inc., purchased new cloaking machinery three years ago for $9 million. The machinery can be sold to the Romulans today for $8.2 million. Klingon's current balance sheet shows net fixed assets of $6.1 million, current liabilities of $740,000, and net working capital of $218,000. If all the current accounts were liquidated today, the company would receive $1 million cash. a. What is the book value of Klingon's assets today? (Do not round intermediate calculations and enter your answer...

  • Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.8 million. The machinery can...

    Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.8 million. The machinery can be sold to the Romulans today for $7 million. Klingon's current balance sheet shows net fixed assets of $3.6 million, current liabilities of $790,000, and net working capital of $138,000. If all the current accounts were liquidated today, the company would receive $905,000 cash. a. What is the book value of Klingon's total assets today? (Do not round intermediate calculations and enter your answer...

  • Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $5.9 million. The machinery can...

    Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $5.9 million. The machinery can be sold to the Romulans today for $8.1 million. Klingon’s current balance sheet shows net fixed assets of $4.7 million, current liabilities of $900,000, and net working capital of $149,000. If all the current accounts were liquidated today, the company would receive $1,015,000 cash What is the sum of the market value of NWC and market value of fixed assets?

  • Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.9 million. The machinery can...

    Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.9 million. The machinery can be sold to the Romulans today for $7.1 million. Klingon’s current balance sheet shows net fixed assets of $3.7 million, current liabilities of $800,000, and net working capital of $139,000. If all the current accounts were liquidated today, the company would receive $915,000 cash. What is the sum of the market value of NWC and market value of fixed assets?

  • Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6 million. The machinery can...

    Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6 million. The machinery can be sold to the Romulans today for $4.6 million. Klingon’s current balance sheet shows net fixed assets of $3.15 million, current liabilities of $830,000, and net working capital of $210,000. If all the current accounts were liquidated today, the company would receive $950,000 in cash. What is the sum of the market value of NWC and the market value of fixed assets?

  • Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.6 million. The machinery can...

    Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.6 million. The machinery can be sold to the Romulans today for $6.8 million. Klingon's current balance sheet shows net fixed assets of $3.4 million, current liabilities of $770,000, and net working capital of $136,000. If all the current accounts were liquidated today, the company would receive $885,000 cash. What is the book value of Klingon's total assets today? (Enter your answer in dollars, not millions of dollars, e.g...

  • Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.4 million. The machinery can...

    Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.4 million. The machinery can be sold to the Romulans today for $6.6 million. Klingon's current balance sheet shows net fixed assets of $3.2 milion, current liabilities of $750,000, and net working capital of $134,000. If all the current accounts were liquidated today, the company would receive $865,000 cash. What is the book value of Klingon's total assets today? (Enter your answer in dollars, not millions of dollars,e.g 1,234,567....

  • Klingon Widgets, Inc., purchased new cloaking machinery four years ago for $15 million. The machinery can...

    Klingon Widgets, Inc., purchased new cloaking machinery four years ago for $15 million. The machinery can be sold to the Romulans today for $14.2 million. Klingon’s current balance sheet shows net fixed assets of $12 million, current liabilities of $880,000, and net working capital of $225,000. If all the current assets and current liabilities were liquidated today, the company would receive $1.07 million cash. a. What is the book value of Klingon’s total assets today? (Enter your answer in dollars,...

  • Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $12 million. The machinery can...

    Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $12 million. The machinery can be sold to the Romulans today for $11 million. Klingon’s current balance sheet shows net fixed assets of $9 million, current liabilities of $800,000, and net working capital of $221,000. If all the current assets and current liabilities were liquidated today, the company would receive $1.03 million cash. a. What is the book value of Klingon’s total assets today? (Enter your answer in dollars,...

  • Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $12 million. The machinery can...

    Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $12 million. The machinery can be sold to the Romulans today for $11 million. Klingon’s current balance sheet shows net fixed assets of $9 million, current liabilities of $800,000, and net working capital of $221,000. If all the current assets and current liabilities were liquidated today, the company would receive $1.03 million cash. a. What is the book value of Klingon’s total assets today? (Enter your answer in dollars,...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT