BUSINESS HIGH SCHOOL

Drew owns the what-not shop, which he is trying to sell so that he can retire and travel. the shop owns the building in which it is located. this building was built at a cost of $647,000 and is currently appraised at $819,000. the counters and fixtures originally cost $148,000 and are currently valued at $65,000. the inventory is valued on the balance sheet at $319,000 and has a retail market value equal to 1.1 times its cost. jake expects the store to collect 96 percent of the $21,700 in accounts receivable. the firm has $26,800 in cash and has total debt of $414,700. what is the market value of this firm?

Answers

Answer 1
Answer:

$867,832  

Market value of firm =

$819,000 building price

+ 65,000  plus current value of fixtures

+ 1.1($319,000) plus retail value of inventory

+ .96($21,700) plus collectable portion of AR

+ 26,800 plus cash

- 414,700 minus debt

= $867,832

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Answers

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Answers

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Answers

Answer:

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Answers

Answer:

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Explanation:

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Answers

Answer:

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Explanation:

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