Answer:
See below
Explanation:
With regards to the above,
Computation of quick assets is shown below
Quick assets = Account receivable + cash + marketable securities
= $60,524 + $24,556 + $32,237
= $117,317
Answer:
D) ownership advantages
Explanation:
Based on the scenario being described it can be said that the executives are most likely worried that Coffman lacks ownership advantage. This term refers the competitive advantage that exists for a company that is attempting to enter a foreign market. Such as Coffman Enterprises is trying to do, but since they are concerned about the fierce competition, then they are stating that Coffman may not have a competitive advantage in that market to deal with the existing competitors.
Opportunity costs are classified as sunk costs in project analysis. A sunk cost is a cost that has already occurred and cannot be recovered in the future. Sunk costs are costs that have already occurred and will remain the same regardless of the outcome of a decision-making; hence, they should not be addressed in capital budgeting.
Sunk costs are easy to get hung up on, especially when they are explicit costs. Direct payments paid to people in the course of running a business, such as labor, rent, and materials, are examples of explicit costs. Explicit costs that have already been incurred are sunk and no longer influence future decision-making.
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Answer:
-$13 million
Explanation:
Given that,
Budget surplus by the end of 2013 = $286 million
Budget deficit in 2014 = $425 million
Budget surplus in 2015 = $100 million
Budget deficit or surplus in 2016 is unknown.
National debt at the end of 2016 = $52 million
National Budget surplus/ deficit at the end of year 2015:
= Budget balance of 2013 + Budget balance of 2014 + Budget balance of 2015
= $286 million + (-$425 million) + $100 million
= -$39 million
So the government will fund this deficit by taking debt of $39 million.
National debt at the end of 2016 = Total debt till 2015 + Surplus/deficit for year 2016
-$52 million = (-$39 million) + Surplus/deficit for year 2016
- $52 million + $39 million = Surplus/deficit for year 2016
-$13 million = Surplus/deficit for year 2016
This is budget deficit of $13 million because debt increased by 13 million in 2016.
Answer:
B. Cash 150,000 Notes Payable 150,000
Explanation:
Sr Account Dr Cr
Jan 1 Cash $ 120,000
Notes Payable $ 120,000
This entry would be made in the books of Guarantee Company. As the interest has not yet accrued so no entry regarding the interest expense or interest payable would be made.
Choice A is not correct because it accounts for interest expense which has not yet accrued from the cash received.
Choice C is also incorrect because the actual amount of cash received is $ 150,000.
Choice D is also incorrect because Cash is debited with an increase and liabilities increase with a credit and this is reverse.
Best Choice is B
