Aprivate company is preparing to sign the engagement letter. who would most likely sign this letter?

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?

Franklin painting company is considering whether to purchase a new spray paint machine that costs $4,800. the machine is expected to save labor, increasing net income by $720 per year. the effective life of the machine is 15 years according to the manufacturer’s estimate. required determine the unadjusted rate of return based on the average cost of the investment.

Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest.extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of