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inessss [21]
1 year ago
5

Four years ago, Ship Express purchased a mailing machine at a cost of $218,000. This equipment is currently valued at $97,400 on

today's balance sheet but could actually be sold for $92,900. This is the only fixed asset the firm owns. Net working capital is $41,300 and long-term debt is $102,800. What is the book value of shareholders' equity?
Business
2 answers:
oksian1 [2.3K]1 year ago
8 0

Answer:

45,800

Explanation:

Four years ago, Ship Express purchased a mailing machine at a cost of $218,000. This equipment is currently valued at $97,400 on today's balance sheet but could actually be sold for $92,900. This is the only fixed asset the firm owns. Net working capital is $41,300 and long-term debt is $102,800. Therefore, the book value of shareholders' equity is 45,800.

deff fn [24]1 year ago
3 0

Answer:

equity = 45,800

Explanation:

working capital:  current assets - current liaiblities = 41,300

net book value of long term assets: 97,400

long term debt 102,800

we will work with the accounting formula to solve for equity:

assets = liaibltiies + equity

we divide assets and liabilities in current and non-current:

current assets + long term assets = current liabilities + long-term debt + equity

we rearrenge the formula in order to sovle for equity:

(currnet asets - current liabilities) + long term assets - long-term debt  = equity

41,300 + 97,400 - 92,900 = equity

equity = 45,800

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Answer:

See the explanation for the answer.

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Which of the following is an example of shadowing? Select one: a. Two new recruits working on an automobile’s rear axle b. Three
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Answer:<em> Option (b) is correct.</em>

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The following stock transactions were completed by the executive vice president of Vinco, Inc., a publicly traded corporation: J
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Now It's not clear from the question what the purchase price of the shares was when EVP sold them on January 12 2016, assuming these shares were purchased at $20, then the short-term swing profit would be $2000 as at January. Then EVP purchases 100 shares at $20 and sells them at $30 per share as at june. The additional short-term swing profit would be $1000 (i.e $30-$20=$10 per share).

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Answer: The Goodwill is $7,000,000

Explanation:

$

Purchase price. 38,000,000

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Less: Fair value of liabilities 17,000,000

-----------------------

Fair value of net Asset. 31,000,000

---------------------

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-------------------------

Workings

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= 17,000,000

8 0
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