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
VLD [36.1K]
4 years ago
11

Prepare the current assets section of the balance sheet for Buffalo Industries, assuming that in addition to the receivables it

has cash of $97,340, merchandise inventory of $167,950, and supplies of $12,560. (List current assets in order of liquidity)
Business
1 answer:
Sav [38]4 years ago
3 0

Answer:

Explanation: current assets are assets other than fixed asset that a company uses in its day to day operations and are noted in the Balanced sheet of an organisation and they include:

Cash, Account receivable, Inventory, Supplies.

From the above question, the current asset of Buffalo Industries is stated below:

Balanced Sheet (extract)

Current assets :

Cash $97,340

Merchandise inventory $167,950

Supplies. $12,560

Total current asset. $277,850

You might be interested in
A company offering a back-to-school special on manicure/pedicure package is an example of them selling a/an:
stiks02 [169]
B because they are basically giving back too the community or back too the school
6 0
3 years ago
A properly marked source document contains some Secret information. A new document does not contain the same information. Howeve
navik [9.2K]

Answer:

Revealed by.

Explanation:

Revealed is to make (previously unknown or secret information) known to others.

3 0
3 years ago
Bravo's complete assets and liabilities are Accounts Receivable $800, Equipment $10,000, Accounts Payable $4,200, Prepaid Rent $
Anettt [7]

Answer:

Total Assets=$13,500

Explanation:

Assets are items which are used by any company or firm for positive economic value production.

In our problem, we have to find total assets.

Given Data:

Accounts Receivable=$800

Equipment=$10,000

Accounts Payable=$4,200

Prepaid Rent=$2,000

Supplies=$400

Bank Loan=$1,600

Tools= $300

Total Assets=Accounts Receivable+Equipment+Prepaid Rent+Supplies+ Tools

Total Assets=$800+$10,000+$2,000+$400+$300

Total Assets=$13,500

8 0
3 years ago
Answer the question on the basis of the demand and cost data for a pure monopolist. The profit-maximizing price for the monopoli
RSB [31]

From the information provided, the profit-maximizing level of output will be 5 units (Option C)

<h3>What is a pure monopolist?</h3>

A market structure known as a pure monopoly occurs when there is only one supplier of a product, and there are no reasonably priced alternatives. Pure monopolies are not common.

<h3>What is the explanation for the above?</h3>

When marginal cost and marginal revenue are equal, a monopolist produces that level of output (MC=MR). This is the output that maximizes profit.

If MC > MR, then the monopolist creates an output level where the most recent output costs less than it generates income.

To put it another way, the monopolist creates the final output when marginal revenue exceeds marginal cost.

Because it will cut into the monopolist's profits, the company won't produce a good where the marginal cost is higher than the marginal revenue.

Learn more about pure monopolist:
brainly.com/question/24175438
#SPJ1

Full Question:

Answer the question on the basis of the provided demand and cost data for a pure monopolist.

The profit-maximizing level of output will be

A) 4 units.

B) 7 units.

C) 5 units.

D) 6 units.

Download xlsx
7 0
2 years ago
Erkkila Incorporated reports that at an activity level of 6,800 machine-hours in a month, its total variable inspection cost is
Mashutka [201]

Answer:

27.79

Explanation:

According to the given situation, the computation of average fixed inspection cost per unit is shown below:-

Average fixed cost of inspection = Inspection cost ÷ Machine hous in a month

= $197,309 ÷ 7,100

= 27.79

Therefore for computing the average fixed inspection cost per unit we simply applied the above formula.

3 0
3 years ago
Other questions:
  • Identify the source of information used in the given scenario.
    13·1 answer
  • Whereas marketing and financial careers have been transformed by the growth in information systems, thus far managerial position
    7·1 answer
  • a new hockey arena at a cost of $2,500,000. It received a downpayment of $500,000 from local businesses to support the project a
    7·1 answer
  • You produce cars. You are willing to supply the most cars at a price level of ___
    11·2 answers
  • Martinez Manufacturing incurred $ 4 comma 000 for indirect labor in Department III. The journal entry to record indirect labor​
    8·1 answer
  • What is the right order because it keeps saying it’s wrong... Any help please
    15·2 answers
  • Imagine that there are two economies in the​ world: Bostonia and New Yorkland.​ Bostonia's currency is the sock and New​ Yorklan
    7·1 answer
  • Savings mart is a national retail chain. To entice the company to open a mega store in its jurisdiction, the city of population
    5·1 answer
  • A financial institution near you advertises itself as especially oriented towards educators and teachers. What is the category t
    8·2 answers
  • how many newspapers should maria stock? find the profit and the service level – appropriately defined – that result from your su
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!