Answer:
Current Asset = $50,000
Explanation:
Current asset is the asset that can be converted to cash within a year or a short period.
Wicked Wicker Company
Current Assets
Cash $ 26,000
Accounts receivable 17,000
Prepaid insurance <u> 7,000</u>
Total current assets $50,000
Cash is the most liquid asset, so it is a current asset. Accounts receivable can also be collected within a year. So, it is also an existing asset. Insurance is taken for one year in advance; hence, it is a current asset.
The behavior of having to eat the entire box of cookies
before attending the weight watchers meeting is an example of having the
feeling of overwhelmed by obligations that the person would likely execute
conflict. It is seen above as because the person has the obligation of having
to have his or her weight to be monitored, he or she has felt the need or urge
of having to do some things that he or she wasn't able to do because of it,
that is why he or she has arise in the conflict of having to do something that
he or she wasn't supposed to do such as eating the box of cookies.
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Fair trade is your answer.
Hope that helped:D
Answer:
$3,960
Explanation:
The Borrowed amount is $198,000 on November 1, 2021.
The interest expense at December 31, 2021 is calculated as shown below:
I=PRT
R=12%=0.12
P=$198,000
T=2 Months=(2/12) year
I=198,000*0.12*(2/12)
I=$3960
The correct option will be "B. $3,960."
