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
Leviafan [203]
3 years ago
13

Based on the following data, what is the amount of quick assets?

Business
1 answer:
Neporo4naja [7]3 years ago
7 0

Answer:

the total of quick assets is 173,000

Explanation:

assets are fast, they are those that are considered current, that is, in less than a year they can be used to cancel liabilities or acquire other goods.

First we dismiss all liability accounts.

Then we analyze the possibility of assets "becoming" money in less than a year.

They are the following items:

Accounts receivable 45,000

Cash 20,000

Inventory 72,000

Marketable securities 36,000

Total = 173,000

You might be interested in
Glenn sells a piece of equipment used in his business for $31,500 during 2019. The equipment was purchased on July 1, 2017, at a
Schach [20]

Answer:

A gain of $16,100

Explanation:

When the amount received from the disposal of an asset is higher than the carrying value of the asset, the company makes a gain on disposal.

The carrying amount of an asset is the difference between the cost of the asset and the accumulated depreciation of the asset.

Carrying amount

= $22,000 - $6,600

= $15,400

Gain/(loss) on sale of asset

= $31,500 - $15,400

= $16,100

6 0
3 years ago
Hilliard Pharmaceuticals and Ahrens Vitamins, Inc., have high market commonality, both geographically and in the market segments
Mama L [17]

Answer: C. Ahrens will respond aggressively because of the high multimarket contact between Hilliard and Ahrens.

Explanation:

Ahrens will respond aggressively because of the high multimarket contact between Hilliard and Ahrens.

Ahrens Vitamins and Hilliard Pharmaceuticals have high Market commonality. They operate in the same geographical area and their target market is the same, meaning an increase in Profits for Hilliard Pharmaceuticals is a decrease in profits for Ahrens Vitamins, an attack from Hilliard will ave severe consequences for Ahrens Pharmaceuticals as they compete for the same target market.

Ahrens Vitamins will have to respond aggressively to attacks from Hilliard Pharmaceuticals in order to maintain their position in the market  

6 0
3 years ago
Flannery​ Company, a manufacturer of small​ appliances, had the following​ activities, allocated​ costs, and allocation​ bases:
VashaNatasha [74]

Answer:

Cost per letter for the correspondence​ activity= $ 8.75

Explanation:

Flannery​ Company

Given

                                 Activities Allocated      Costs Allocation Base

Account inquiry​ (hours)$ 77, 000                      2,600 hours

Account billing​ (lines) $ 38, 000                         19,000 lines

Account verification​ (accounts) $ 20,000         30,000 accounts

Correspondence​ (letters) $ 14,000                    1, 600 letters

Activities                          Northeast Office        Midwest Office

Account inquiry​ (hours)          100 hours            200 hours

Account billing​ (lines)             10,000 lines          9,000 lines

Account verification​ (accounts) 1 ,000 accounts 650 accounts

Correspondence​ (letters)           50 letters               110 letters

Calculations

Cost per letter for the correspondence​ activity= Total Correspondence/ Total No of letters

Cost per letter for the correspondence​ activity= 14000/1600= 8.75

Cost per letter for the correspondence​ activity= $ 8.75

We divide the activity cost with the corresponding cost driver to get the cost per unit of activity.

4 0
3 years ago
The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. It has liabilities of $3 milli
iragen [17]

Answer:

$39.40

Explanation:

According to the situation, the solution is as follows

The Net asset value of the fund is

= (Current worth of portfolio - liabilities) ÷ (outstanding shares)

= ($200 million - $3 million) ÷ (5 million shares)

= $39.40

Basically we applied the above formula in order to determine the net asset value of the fund.

8 0
3 years ago
QUESTION 2 of 10: You're opening a chic new restaurant and have 15 tables which are all square and can seat 4 people. However, y
likoan [24]

Answer:

A) Yes

Explanation:

15 x 4 = 60 person capacity

60 - 2 = 58

58 - 6 = 52

52 - 8 = 44

44 - 8 = 36

36 - 10 = 26 person capacity left

Yes, you can accommodate everyone's reservation requests.

7 0
2 years ago
Other questions:
  • The fact that the price of diamonds is higher than the price of water:
    6·1 answer
  • Who said "to be cheerful act as if cheerfulness were already there."?
    11·1 answer
  • The most affective communicaters speak at the rate of ...... words per minute?
    8·1 answer
  • Lorenzo is self employed with an s corporation. he is unmarried and had a net profit for the tax year. what are the tax ramifica
    5·1 answer
  • A magazine publisher collects one year in advance for subscription revenue. In the year of providing the magazines to customers,
    12·1 answer
  • The philosophical leaders of the quality movement, Philip Crosby, W. Edwards Deming, and Joseph M. Juran, had the same general m
    9·1 answer
  • You have just won the state lottery and have two choices for collecting your winnings. You can collect $100,000 today or receive
    8·1 answer
  • 5. A man has $ 10,000 to invest. He invests $ 4000 at 5 % and $ 3500 at 4 %. In order to have a yearly income of $ 500, he must
    10·2 answers
  • Suppose Kittyville's full-employment GDP = $600 billion, and the current equilibrium GDP = $400 billion. The MPC in this economy
    11·1 answer
  • Can you identify the assumptions that we have made in order to create the production possibilities frontier model?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!