1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kykrilka [37]
4 years ago
15

The company has $10,000 in its checking account, $20,000 in its savings account, $1,000 in petty cash, $25,000 in one-year treas

ury bills, and $15,000 in a money market fund. what amount should be reported as cash and cash equivalents on the balance sheet?
Business
1 answer:
padilas [110]4 years ago
8 0
$71,000, because that is how much moneyz they have, total. And what is "petty cash"?
You might be interested in
A good investment should do one or both of which two things
Morgarella [4.7K]
Im going to say Grow in value or produce income 

6 0
3 years ago
Read 2 more answers
A land development company is considering the purchase of earth-moving equipment. This equipment will have an estimated first co
liraira [26]

Answer:

Explanation:

Let the number of days per year that the company will need the equipment in order to justify its purchase b represented by x.

Based on the information given, this will then be:

1130x + 180x = 199000(A/P, 10%,10) - 65000(A/F, 10%, 10), + 32000 + 220x

1310x = 199000(0.1627) - 65000(0.0627) + 32000 + 20x

1310x - 20x = 32377.3 - 4075.5 + 32000

1290x = 60301.8

x = 60301.8/1290

x = 46.75

Therefore, the answer is 46.75 days.

6 0
3 years ago
A bank has $50 million in assets, $47 million in liabilities and $3 million in shareholders' equity. If the duration of its liab
Alisiya [41]

Answer: 1.222

Explanation:

The Average duration can be derived from the formula:

Assets * Average Duration = Liabilities * Duration of Liabilities

Average Duration = (Liabilities * Duration of Liabilities) / Assets

= (47,000,000 * 1.3) / 50,000,000

= 61,100,000 / 50,000,000

= 1.222

5 0
3 years ago
A product is __________ that can be offered through a voluntary marketing exchange.
Setler79 [48]
anything of value to consumers
5 0
3 years ago
At Midland Company's break-even point of 9,000 units, fixed costs are $180,000 and variable costs are $540,000 in total. The uni
amid [387]

Answer: $80

Explanation:

Since the fixed costs are $180,000 and variable costs are $540,000, then the total cost will be:

= Fixed cost + Variable cost

= $180000 + 540000

= $720000

Since there are 9000 units, then the unit sales price will be:

= $720000 / 9000

= $80

The unit sales price is $80

7 0
3 years ago
Other questions:
  • What does the boilerplate of a press release do? A. Summarizes the information that is included in the press release B. Lists em
    6·1 answer
  • Damian owns a pick-up truck and a motorcycle. He sells the motorcycle to Eden for $10,000. Eden pays for the cycle with a check,
    9·1 answer
  • Mason is restoring a car and has already spent $3500 on the restoration. He could sell the car now for $2800. However, if Mason
    8·1 answer
  • How to get unsuspended from my basketball team
    9·1 answer
  • Financial information is presented below: Operating Expenses $ 90800 Sales Returns and Allowances 26600 Sales Discounts 11200 Sa
    15·1 answer
  • Accrued sales salaries amount to $1,700. Prepaid selling expenses of $3,000 have expired. A physical count of year-end merchandi
    10·2 answers
  • You purchased 1,350 shares of stock in Natural Chicken Wings, Inc., at a price of $43.58 per share. Since you purchased the stoc
    5·1 answer
  • Find an article regarding full disclosure or the treatment of accounting changes. In 250-300 words, summarize the article that y
    14·1 answer
  • Which of the following characteristics of the Federal Reserve System BEST illustrates its decentralized structure?
    9·2 answers
  • Borrowing money to pursue an advanced degree makes sense if _____. a. you can earn a scholarship to pay for your educational cos
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!