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Katen [24]
3 years ago
14

Constable Co. reported the following information at December 31, Year 1: Accounts Payable $ 6,750 Accounts Receivable 14,025 Cas

h 35,235 Common Stock 135,000 Equipment 74,250 Inventory 46,800 Notes Payable due December 31, Year 3 3,750 Retained Earnings, December 31, Year 1 21,135 Wages Payable 3,675 What is the amount of current assets on the classified balance sheet? Multiple Choice $123,255 $96,060 $170,310 $49,260
Business
1 answer:
Gemiola [76]3 years ago
3 0

Answer:

$ 96,060

Explanation:

The current assets are accounts receivable,cash and inventory.

The are short term assets that are used in settling short term obligations such as accounts payable  and salaries payable.

Accounts receivable amounted to $14,025

Cash amount is $35,235

Inventory is worth $46,800

Current assets value=$14,025+$35,235+$46,800=$ 96,060.00  

The correct option is the second one with amount of $ 96,060 for current assets

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Match each scenario with the correct term. IPO, stock, mutual fund and NASDAQ. These are the scenarios:
earnstyle [38]

a small piece of ownership in a company - stock

a company’s initial offering of stock - IPO

a portfolio of stocks and bonds - mutual funds

a public stock exchange - NASDAQ

5 0
3 years ago
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If the fed wants to _______ the money supply, it discourages bank loans.
scoray [572]
<span>This would be a way to lower the money supply. By discouraging bank loans, there becomes fewer overall dollars in the hands of the general public. Fewer dollars held by people overall equals a smaller overall money supply. Bank loans to the public would be a way of increasing the money supply, in the opposite instance.</span>
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3 years ago
Droz's Hiking Gear, Inc. has found that its common equity capital shares have a beta equal to 2.5 while the risk-free return is
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Answer:

see explanation

Explanation:

Weighted Average Cost of Capital (WACC) is the cost of a firm from permanent sources of capital pooled together.

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where,

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                        = 21.50 %

Cost of debt :

<em>similar</em>

N = 7 x 2 = 14

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fv = $787.22 x number of bonds

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<u>Always use the after tax cost of debt :</u>

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7 0
3 years ago
Timothy works at Sunshine Mailing, a daily newspaper, and is responsible for editing the sports column. Chloe, Timothy's manager
Anastasy [175]

Answer:

B) Job Enlargement    

Explanation:

Job enlargement refers to addition of different tasks and activities to the already existing job responsibilities of an individual, at the horizontal level. Such practice enhances job scope and also referred to as horizontal job expansion.

Job enlargement increases the job responsibility and at the same time breaks the monotony of performing the same routine tasks as new job responsibilities are added.

Such an activity also promotes creativity and develops employee skills w.r.t new tasks and activities.

In the given case, an employee has been assigned an additional column for editing apart from the usual sports column he handles. This is a case of job enlargement wherein, the existing job has been enlarged owing to the additional responsibility which has been assigned.

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4 years ago
Economies of scale are associated with:________
Sati [7]

Answer:

b. diminishing marginal productivity.

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Economies of scale means that as total output increases, the average total cost per unit decreases. This continues until a point where marginal costs will start to increase as well as average total cost per unit. In other words, marginal productivity decreases as total output increases, and at one point it will become negative.

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