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4 years ago

Of the items in the following lists, which go from most liquid to least liquid?

Business

1 answer:

Anvisha [2.4K]4 years ago

4 0

Answer:

D) a checking account, a certificate of deposit, shares of stock, a new vehicle

Explanation:

Being liquid refers to the ability of an asset to convert to cash easily. A liquid asset is one that can be converted to very quickly. The least liquid asset is one that takes a lot of time and effort to convert to cash. Cash is the most liquid asset, as it does not require any conversion.

Cash in the bank is treated as cash. It is highly liquid because conversion is not needed. From the list provided, the motor vehicle will be the least liquid. It is a tangible asset that requires an unspecified amount of time to dispose of. At times buyers can be identified after a lengthy period. A certificate of deposit is fairly liquid as its maturity period is anywhere between days and nine months.

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Pam Corporation holds 70 percent ownership of Spray Enterprises. On December 31, 20X6, Spray paid Pam $31,000 for a truck that P

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Answer:

the worksheet consolidation entry or entries needed on December 31, 20X6 would be the following:

Debit Credit

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truck $5,000

Accumulated Depreciation $12,000

Explanation:

In order to prepare the worksheet consolidation entry or entries needed on December 31, 20X6, to remove the effects of the intercompany sale we would have to make first the following calculations:

Gain on Sale=$31,000-($36,000-(($36,000/15)×5))

=$7,000

Accumulated Depreciation=($36,000/15)×5

=$12,000

Hence, truck=$12,000-$7,000

=$5,000

Therefore, the worksheet consolidation entry or entries needed on December 31, 20X6 would be the following:

Debit Credit

Gain on Sale $7,000

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3 years ago

Read 2 more answers

Pharoah Company accounting records show the following at the year ending on December 31, 2022.

gregori [183]

Answer:

$ 708,420.00

Explanation:

The formula for cost of goods sold is given below

Cost of goods sold=beginning inventory +purchases +freight-purchase discounts-purchases allowance and returns-ending inventory

Cost of goods sold=$42,000+$724,020+$15,600-$11,900-$10,700-$50,600=$ 708,420.00

The purchases discount and purchase returns reduce the value of purchases made hence deducted.

The ending inventory is left in stock as a result is also deducted

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3 years ago

Assume that a 10-year Treasury bond has a 12% annual coupon, while a 15-year T-bond has an 8% annual coupon. Assume also that th

Lady bird [3.3K]

Answer:

A)If interest rates decline, the prices of both bonds will increase, but the 15-year bond would have a larger percentage increase in price.

TRUE

As it has more time to maturity it will have a higher time expose to the rate therefore, will be more volatile against the rate fluctuations

Explanation:

The 10-year ond is issued at premium, above par as the coupon rate 12% is higher than market rate 10%. Each year will decrease the market value to come closer to maturity date.

The 15-year ond is issued at discount, below par as the coupon rate 8% is lower than market rate 10%. Each year will increase the market value to come closer to maturity date.

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3 years ago

Seven months ago, you purchased 580 shares of Mitchum Trading for $70.53 per share. The stock pays a quarterly dividend of $.39

Marina CMI [18]

Based on the number of shares you bought and the dividend per share, the total dividend income you received was $452.40.

<h3>How much dividend income was received?</h3>

The stock was held for 7 months and there are 2 quarters in a space of seven months so two dividends were received.

The amount received is:

= Number of share x Number of quarters x dividend per quarter

= 580 x 2 x 0.39

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2 years ago

Specify and explain the typical shapes of the marginal-benefit and marginal-cost curves. How are these curves used to determine

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Answer:

The completely accurate definition of the particular subject is outlined in the following subsection including its clarification.

Explanation:

The marginal profit trajectory has so far been sloping down, MB decreases, and since most of a commodity is collected as much more quantities of something like a good offer fewer sense of achievement, unlike earlier versions. This same marginal cost of production is pointing down upward, becomes rising as more than just a commodity is generated as additional items need progressively inappropriate utilization of resources.
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3 years ago