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Andrei [34K]
3 years ago
6

Below are several amounts reported at the end of the year. Currency located at the company $ 1,050 Supplies 3,200 Short-term inv

estments that mature within three months 1,950 Accounts receivable 3,500 Balance in savings account 8,500 Checks received from customers but not yet deposited 650 Prepaid rent 1,450 Coins located at the company 110 Equipment 9,400 Balance in checking account 6,200 Required: Calculate the amount of cash to report in the balance sheet.
Business
1 answer:
blondinia [14]3 years ago
5 0

Answer: $18,460

Explanation:

Amounts that will go towards the cash account at the end of the year include all actual cash, undeposited checks, bank balances and short term investments.

The Total amount of cash to report will therefore be;

= Currency located at the company + Short-term investments that mature within three months + Balance in savings account + Checks received from customers but not yet deposited + Coins located at the company + Balance in checking account

= 1,050+ 1,950 + 8,500 + 650 + 110 + 6,200

= $18,460

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A. By setting it at a specific value based on another currency

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Transactions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equip
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Answer:

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Oct. 15 2019

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3 years ago
What is the term that refers to a form of wealth that can be stored for the future?
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Answer:

B. Increasing the production of a good requires larger and larger decreases in the production of another good.

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Marginal opportunity cost relates to the additional opportunity cost incurred  when additional unit of second good is produced in exchange for foregoing or sacrificing units of production of first good.

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