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
iogann1982 [59]
3 years ago
11

Use the following data to determine the total dollar amount of assets to be classified as current assets. Wildhorse Co. Balance

Sheet December 31, 2022
Cash $200000
Accounts payable $195000
Accounts receivable 155000
Salaries and wages payable 32000
Inventory 160000
Mortgage payable 241500
Prepaid insurance 88500
Total liabilities $468500
Stock investments (long-term) 255000
Land 262000
Buildings $303000
Common stock $364000
Less: Accumulated depreciation (63500) 239500
Retained earnings 738500
Goodwill 211000
Total stockholders' equity $1102500
Total assets $1571000
Total liabilities and stockholders' equity $1571000
Business
1 answer:
koban [17]3 years ago
3 0

Answer:

$603,500

Explanation:

Calculation to determine the total dollar amount classified as current assets.

Using this formula

Current asset=(Cash + Account receivable + Inventory + Prepaid insurance)

Let plug in the formula

Current assets=$200,000+$155,000+$160,000+$88,500

Current assets=$603,500

Therefore the total dollar amount classified as current assets is $603,500

You might be interested in
For Feigenbaum, quality criteria always constitute… Group of answer choices a moving target in a competitive world a function of
kakasveta [241]

Answer:

a moving target in a competitive world

Explanation:

Armand Feigenbaum was widely known as an American quality control expert, who in his book, titled "Total Quality Control" suggested that quality is a productive system for incorporating the product and service development, quality sustenance and development actions for the purpose of providing products and services at the largely inexpensive degrees, which give full customer satisfaction.

He concluded that quality and accordingly customer value judgments are a moving target in a competitive market.

Therefore, For Feigenbaum, quality criteria always constitute "a moving target in a competitive world."

7 0
3 years ago
Which of the following is not one of the steps for recognizing revenue? Identify the performance obligations of the contract. Id
9966 [12]

Answer:

The answer is letter "D": Estimate the total transaction price of the contract based on the sum of the stand-alone selling prices of the goods.

Explanation:

There are five steps for revenue recognition established by the Financial Accounting Standards Board (<em>FASB</em>) which are: <em>Identifying the contract with a customer; Identifying the performance obligations in the contract; Determining the transaction price; Allocating the prices to the performance obligations </em>and<em>; Recognizing revenue.</em>

In that sense, estimating the total transaction price of the contract based on the sum of the stand-alone selling prices of the goods has nothing to do with it.

4 0
3 years ago
Sasha works for a large corporation, and sometimes, she finds it difficult to see how she fits into the corporate picture. Howev
FinnZ [79.3K]

Answer:

C. It can boost employee productivity.  

Explanation:

Sasha's company decision to establish an employee stock ownership plan has the potential benefit of boosting employee productivity because staff members and people in general are motivated by rewards.

Employee stock ownership plan is a staff reward scheme where a company's employees are awarded shares of the company they work for, hence they become both staff and shareholders of that company.

Sometimes these plans are futuristic, they are awarded at a certain date in future if the company achieves certain goals. Hence the productivity of employees are boosted in the bid to boost the company's performance and achieve their share rewards

8 0
3 years ago
During the current year, Ron and Anne sold the following assets:
mina [271]
The fact is I don’t know why you don’t want me a little more I think you should be able I do that I don’t know burier Urdu. Kgs 384 j
6 0
3 years ago
Which of the following should occur when assessing a safety and Heath programs effective A) enforce safe work practices B) inter
Yuliya22 [10]
All of the above. If it's just one it would be D.
4 0
4 years ago
Other questions:
  • You have been given this probability distribution for the holding period return for KMP Stock State of the Economy Boom Normal R
    13·1 answer
  • Bill Teague has just gotten a gift of $15,000 from his parents and is trying to decide how to invest it. He is thinking about in
    10·1 answer
  • Why is segmentation for a small business more refined than for a large business?
    7·1 answer
  • In 2019, Liza exercised an incentive stock option that had been granted to her in 2016 by her employer, Weather Corporation. Liz
    6·1 answer
  • True or false?John says to his friend, "This concert is going to cost me $20 when I buy the ticket." His friend corrects him and
    6·1 answer
  • PLEASE HELP!!! WILL GIVE BRAINLIEST
    11·1 answer
  • A company prepared the following journal entry:
    7·1 answer
  • Hummingbird Corporation, a closely held C corporation that is not a PSC, has $240,500 of net active income, $96,200 of portfolio
    11·1 answer
  • Pompeii, Inc., has sales of $54,500, costs of $24,800, depreciation expense of $2,700, and interest expense of $2,450. If the ta
    8·1 answer
  • The maximum price that a buyer will pay for a good is called
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!