Peter Owns the Train Store Which He Is Trying to Sell

question 198

Multiple Choice

Peter owns The Train Store which he is trying to sell so that he can retire and travel. The Train Store owns the building in which it is located. This building was built at a cost of $427,000 and is currently
Appraised at $575,000. The display counters and fixtures originally cost $87,000 and are currently
Valued at $49,000. The inventory is valued on the statement of financial position at $289,000 and
Has a retail market value equal to 1.4 times its cost. Peter expects the store to collect 97 percent of
The $48,041 in accounts receivable. The firm has $11,200 in cash and has total debt of $167,400.
What is the market value of this firm?

• A) $771,000
• B) $907,800
• C) $919,000
• D) $945,800
• E) $957,000

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Organizations formed by workers from related fields that work for the collective rights of the members, including better wages, working conditions, and benefits.

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The total hours that workers are willing and able to work at a given wage rate.

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