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IgorC [24]
3 years ago
6

The balance sheet shows the following accounts and amounts Inventory. $84,000, Long-term Debt 125.000; Common Stock $60,000; Acc

ounts Payable $44,000; Cash $132,000, Buildings and Equipment $390,000: Short-term Debt $48.000: Accounts Receivable $109,000, Retained Earnings $204,000 Notes Payable $54.000: Accumulated Depreciation $180.000 Total current assets on the balance sheet are: O a. $216.000b. $325..000c. 535.000d. $25.000
Business
1 answer:
Brums [2.3K]3 years ago
5 0

Answer:

b. $325,000

Explanation:

The current assets are the assets that are likely to be converted to cash within 12 months. These include cash, inventory, receivables, prepaid expenses etc.

Given;

Inventory = $84,000,

Long-term Debt = $125.000;

Common Stock $60,000;

Accounts Payable $44,000;

Cash $132,000,

Buildings and Equipment $390,000:

Short-term Debt $48.000:

Accounts Receivable $109,000,

Retained Earnings $204,000 Notes Payable $54.000:

Accumulated Depreciation $180.000

Total current asset = $84,000 + $132,000 + $109,000

= $325,000

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Answer:

This took me a long time to figure out , but I'm pretty sure number 1 is

D) Silk and Wool.

And number 2 is C) Northern Nigeria

Explanation: Hope that's right, sorry if not because for number 1 most of them could be the answer, and for number 2, three  of them could be the answer.‍

5 0
3 years ago
Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,600. Budgeted cash rec
professor190 [17]

Answer:

Company should borrow = $15200

Explanation:

Below is the calculation for the borrowing amount:

Cash balance at the beginning = $18600

Add - Cash receipts = 186000

Less- Cash disbursements = (189200)

Budgeted cash balance = 18600 + 186000 - 189200 = 15400

Borrowing will be = Ending cash - 15400

Borrowing will be = 30600 - 15400

Borrowing will be = $15200

Company should borrow = $15200

6 0
2 years ago
A __________________ exists when the quantity demanded in the market is less than the quantity at the bottom of the long-run ave
kobusy [5.1K]

Answer:

Natural monopoly

Explanation:

A natural monopoly refers to a type of monopoly that occurs when the start-up costs or infrastructural costs are high or economies of scale in an industry are very powerful in such a way that only the largest supplier in the industry which is usually the first supplier in the market has a great advantage over potential competitors and therefore becomes the only supplier in the industry.

On the long-run average cost (LRAC) curve, a natural monopoly exists when the quantity demanded is less than the minimum quantity that is required to be at the bottom of the LRAC curve.

Therefore, a <u>natural monopoly</u> exists when the quantity demanded in the market is less than the quantity at the bottom of the long-run average cost curve.

6 0
3 years ago
Sparty Corporation has provided the following information for its most recent year of operation:
Wewaii [24]

Answer:

E. $40,600

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Calculation for the amount of net income reported on Sparty's income statement

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Less Taxes $17,400

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($58,000-$17,400)

Therefore the amount of net income reported on Sparty's income statement will be $40,600

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2 years ago
Which of the following are examples of reportable incidents? choose all that apply
Andrews [41]

Answer:

a healthcare provider failing to respond to a patient’s alarm

a malfunctioning heart monitor

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4 0
2 years ago
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