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
Svetradugi [14.3K]
3 years ago
9

Josey Doakes was reading the balance sheet of Gogoldze Inc. when she spilled grape juice on it. After the juice spill, the balan

ce sheet looked like this:
($ millions) 12/31/2015
Cash 90
Accounts Receivable 210
Inventory 410
Other Current Assets grape
Current Assets juice
Net Property, Plant, & Equipment 1,080
Total Assets grape
juice
Accounts Payable 115
Other Current Liabilities 260
Current Liabilities 375
Long-term Liabilities 860
Common Stock 50
Additional Paid-in-Capital 300
Retained Earnings 285
Total Liabilities and SE 1,870

What was Gogoldze Inc.'s Other Current Assets at 12/31/2015?A. $710B. $120C. $370D. $80E. $790

Business
2 answers:
mixer [17]3 years ago
8 0

Answer:

D. $80

Explanation:

The other assets of the Josey Doakes can be calculated using the accounting equation which is given as follows:

Assets=Liability +equity

Total Assets=Current assets+ Non current assets

=Cash+Accounts receivable+Inventory+other current assets+Net PPE

=90+210+410+other current assets+1,080

=710+other current assets+1,080

=1790+other current assets

Total assets=1790+other current assets

1790+other current assets=Liability +equity

1790+other current assets=1870

Other current assets=1870-1790

                                =$80

So the answer is D. $80  

e-lub [12.9K]3 years ago
7 0

Answer:

The correct option is D. $80

Explanation:

Please see attachment

You might be interested in
The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2018, unadjusted
artcher [175]

Answer:

Explanation:

Dec 31, 2018

Dr Sales Salaries expense 1,700

Cr Sales Salaries payable 1,700

Dec 31, 2018

Dr Selling expense 3,000

Cr Prepaid selling expense 3,000

Dec 31, 2018

Dr COGS 1,300

Cr Merchandise inventory 1,300

COGS = Merchandise inventory - Year end inventory = 30,000 - 28700 = 1300

Dec 31, 2018

Dr Sales Revenue 529,000

Cr Income summary 529,000

Dec 31, 2018

Dr Income summary 444,500

Cr Sales return and allowances 17,500

Cr Sales discounts 5,000

Cr COGS 213,300

Cr Sales salaries payable  49,700

Cr Utilities expense 15,000

Cr Selling expense 39,000

Cr Administrative expenses 105,000

Dec 31, 2018

Dr Income Summary 84,500

Cr Retained earnings 84,500

Net Income = Total Sales - Total Expenses = 529,000 - 444,500 = 84,500

Dec 31, 2018

Dr Retained earnings 33,000

Cr Withdrawal 33,000

6 0
3 years ago
Read 2 more answers
What does software alone enable a computer to do?
photoshop1234 [79]
Connect the internet
3 0
3 years ago
Read 2 more answers
RLW-II Enterprises estimated that indirect manufacturing costs for the year would be $60 million and that 12,000 machine hours w
Montano1993 [528]

Answer: $3,150,000

Explanation:

Total cost of production will be the total sum of the material costs, labor costs and indirect costs.

Indirect Costs

It was estimated that 12,000 machine hours would be used at a cost of $60 million.

Indirect cost per machine hour is;

= 60,000,000/12,000

= $5,000 per hour

With 200 machine hours, indirect cost is;

= 200 * 5,000

= $1,000,000

Total cost of production = 1,250,000 + 900,000 + 1,000,000

= $3,150,000

5 0
3 years ago
Adolescence is associated with
Taya2010 [7]
Adolescence is associated with genomically patterned consolidation of the hubs of the human brain connectome

6 0
3 years ago
Read 2 more answers
Jimmy, the marketing manager for an automobile manufacturer, observes frequent conflicts between two of his subordinates, Trent
Alina [70]

it is the person analysis

reason-

a person analysis is the analysis in whch we study the behaviour of the employees it helps us to identify the employees who lacks skills or need training.
8 0
2 years ago
Other questions:
  • Calculate the total revenue, total costs, and total gross profit the company will earn on the sale of L-Ten, Triol, and Pioze. A
    6·1 answer
  • Using the supply and demand for loanable funds model, explain why the central bank may aggressively expand the monetary base.
    5·1 answer
  • When did federal deficits become a regular feature of the federal budget?
    6·1 answer
  • On January 1, Year 2, Grande Company had a $66,800 balance in the Accounts Receivable account and a $2,000 balance in the Allowa
    11·1 answer
  • Bill is the owner of M.E. Inc., which produces miniature internal combustion engines that are used to operate hydraulic systems
    10·1 answer
  • Given these observed times (in minutes) for four elements of a job, determine the observed time (OT) for each element. Note: the
    12·1 answer
  • Which of the following will typically offer the lowest interest rate?
    11·2 answers
  • Analyze Life Force Fitness, Inc.
    9·1 answer
  • Can you help me with compound inequalities <br><br>​
    11·1 answer
  • The top five cities where venture capitalists are investing their money represent 10% of the global total.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!