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Ratling [72]
3 years ago
12

Clear Co.’s trial balance has the following selected accounts: Cash (includes $10,000 in bond-sinking fund for long-term bond pa

yable) $50,000 Accounts receivable 20,000 Allowance for credit losses 5,000 Deposits received from customers 3,000 Merchandise inventory 7,000 Unearned rent 1,000 Investment in trading debt securities 2,000 What amount should Clear report as total current assets in its balance sheet?
Business
1 answer:
Tasya [4]3 years ago
6 0

Answer:

Explanation:

The computation of the amount that is reported as a total current assets is presented below:

                                                    Clear Co's

Current assets

Cash                                                  $40,000   ($50,000 - $10,000)

Accounts Receivable                       $20,000

less-Allowance for doubtful debts - $5,000

Deposits from customers                 $3,000

Merchandise Inventory                     $7,000

Unearned rent                                    $1,000

Investment in trading debt securities $2,000

Total amount                                      $68,000

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3 years ago
PLEASE HELP! WORTH 25 POINTS
Mariulka [41]

Answer:

Something to do when youre younger 16^ is go to your dream job and ask if they need help now if they say yes than put in double the work to show them that you actaully want this job.

Explanation:

1

Write down a list of your skills and abilities. Research careers suited to your skills. Think about the jobs you are truly able to do and would enjoy most. This will help you narrow your search and focus your visualization.

2

Imagine that you have your dream job. Picture yourself waking up, getting ready for work and driving to your new job. Think about your tasks and what your co-workers and boss say to you. Make the scenario as real as possible.

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Incorporate all five senses into your visualization, including touch, taste, hearing, smell and sight. These details will make your brain think the scenario is real.

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Act as if you have your dream job. For example, write "I work as a chef and I love my new job" on a sticky note. Stick the note where you'll see it often. Think about the note frequently throughout the day.

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Think about the lifestyle you'll have because of your dream job. Visualize getting your first paycheck from the job. Imagine being able to meet your financial goals, such as buying a house, going on vacation or taking care of your family.

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Write your goals on index cards and review them daily. Take a few moments every day to create a visualization based on each card.

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Visualize your dream job for five minutes each morning when you wake up and before you go to bed at night. Eliminate noises and outside distractions to help you concentrate.

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Take actual steps toward obtaining your dream job. For example, enroll in college and earn a degree that will help you get a job in your desired field. Go to seminars related to your field to meet managers and business owners who can hire you. Make friends with someone who has your dream job and ask him how he got the position.

3 0
3 years ago
Using a large value for order k in the moving averages method is effective in
Masteriza [31]

Answer:

The correct answer is A that is smoothing out the random fluctuations.

Explanation:

The higher values of K states the greater number of the values which need to be consider for forecasting.

When consider or taking the larger or the higher value of the irregular fluctuation which could be decreased or reduced.

And as a consequence, the large value of K will be used for smoothing of the random fluctuations.

Therefore, the right answer is smoothing of the random fluctuations.

4 0
3 years ago
Do It! Review 11-3a Incorrect answer. Your answer is incorrect. Try again. Riverbed Corp has 3,300 shares of 7%, $103 par value
harina [27]

Answer and Explanation:

1. The preferred stock is non-cumulative, and in previous years, the company has not skipped any dividends.

Dividend paid to preferred shareholders = Shares × Par value preferred stock × Shares percentage

= 3300 × $103 × 7%

= $23,793

Dividend paid to common shareholders = Cash dividend - Dividend paid to preferred shareholders

= $123,500 - $23,793

= $99,707

2. The preferred stock is non-cumulative, and in both of the two previous years, the company did not pay a dividend.

Dividend paid to preferred shareholders = Shares × Par value preferred stock × Shares percentage

= 3300 × $103 × 7%

= $23,793

Dividend paid to common shareholders = Cash dividend - Dividend paid to preferred shareholders

= $123,500 - $23,793

= $99,707

3. The preferred stock is cumulative, and in both of the two previous years the company did not pay a dividend.

Dividend paid to preferred shareholders =  Shares × Par value preferred stock × Shares percentage × Number of years

= 3,300 × $103 × 7% × 3

= $71,379

Dividend paid to common shareholders = Cash dividend - Dividend paid to preferred shareholders

= $123,500 - $71,379

= $52,121

5 0
3 years ago
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Naddika [18.5K]

Answer:

$22,000

Explanation:

Current liabilities are debts that a company must pay within a twelve month period.

This company's current liabilities are:

  • Accounts payable  $15,000
  • Interest payable  $7,000

Total current liabilities = $15,000 + $7,000 = $22,000

Since the note payable is due in 18 months, it is not considered a current liability.  

8 0
3 years ago
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