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4 years ago

Star Corp. had the following accounts and balances in its general ledger as of December 31:

Business

1 answer:

Alex4 years ago

8 0

Answer:

=$ 25,500

Explanation:

cash equivalents will be petty cash + cash at bank

= 500+20,000+5000

=$ 25,500

Cash or cash equivalent refers to assets held in the form of cash or can easily convert into cash in less than 90 days. Examples of cash include petty cash, cash in hand, cash in the bank, and debt securities whose maturity is within 90 days. Cash or cash equivalent appears at the top on the list of assets in a balance sheet.

Marketable debt securities are short-term to bond issued by a corporation and held by another company. They are listed as a current asset if they are to be sold within one year to long term investment if they are expected to last longer. Marketable equity securities are capital instruments. They are listed as current assets if they are to be liquidated in one year or long term investment if longer.

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Nevada Boot Co. reported net income of $217,400 for its year ended December 31, 2018. Purchases totaled $152,800. Accounts payab

leonid [27]

Answer:

Operating cash flows = $208,000

Explanation:

we know here that

accounts payable balance has decreased from $36,900 and $31,200

inventory balance has increased from $43,300 and $47,000

so to find out the operating cash flow any decrease in current liabilities and any increase in current assets should be subtracted from net income

accounts payable= current liability

and inventory = current asset

and

The operating cash flows to be reported should be computed as

Operating cash flows = Net income - Decrease in accounts payable balances - Increase in inventory balance ....................1

Operating cash flows =

Operating cash flows = $217,400 - ($36,900 - $31,200) - ($47,000 - $43,300)

Operating cash flows = $208,000

7 0

3 years ago

Cardinal Industries purchased a generator that cost $11,000. It has an estimated life of five years and a residual value of $1,0

atroni [7]

Answer:

Correct answer is letter D, $11,000 cost, five-year life and $1,000 salvage value

Explanation:

To compute depreciation expense of an asset using straight-line method of depreciation, the information we needed is 3,

1. cost of an asset

2. life of an asset (in year)

3. residual value (if available)

* residual value of an asset is to be determined by the company, some asset don't have scrap value assigned.

FORMULA 

The difference between the cost of an asset and the expected residual value over the number of years it is expected to be useful.

(cost of an asset - residual value ) / life of an asset

6 0

3 years ago

. Relaciona el éxito o fracaso que han tenido las industrias con la jerarquía de las necesidades de la pirámide de las Necesidad

goblinko [34]

Answer:

Las respuestas a cada pregunta se detallan en la explicación.

Explanation:

1.Hoy en dia al gran proceso de globalización que enfrentamos,las industrias de la tecnología industrial han logrado acoplarse muy bien dentro de la estructura jerárquica de la escala de Maslow como necesidades de seguridad,es decir que es muy importante que sepamos utilizarla por ejemplo en el caso de la tecnología móvil o GSM ( un portátil,un celular,una impresora); para de esta manera realizar de manera correcta determinadas funciones dentro de una empresa y así poder conservar nuestros empleos y por consiguiente cubrir nuestras necesidades de alimentación,techo y abrigo ,pero no solo nuestras necesidades básicas sino también las de nuestra familia.

2.Industria de la tecnología: Ofrece diversos productos en el mercado como son:

-celulares de toda gama

-Computadores portátiles.

-Tablets

-Automatización o Robótica

-Nanotecnología

-Aviación.

3 0

4 years ago

The number of dependents that people are choosing to have is ?

joja [24]

Current demographic trends show that the number of dependents that people choose to have is Decreasing.

<h3>What is the trend in dependants?</h3>

A general trend that has been noticed in recent years is that people are choosing to have less dependants such as children.

The top reasons for this include more education and increased economic hardship.

Find out more on trends in population growth at brainly.com/question/521129.

#SPJ1

5 0

2 years ago

At meetings of the quality team, Juan is nervous about suggesting ideas

SpyIntel [72]

Answer:

The correct option is;

D. Prepare by studying problems ahead of the meeting and listening carefully

Explanation:

Positive workplace behaviors in the meetings include preparation for the meeting to make the meeting productive for you and the other participants by ensuring;

1) Understanding the purpose of the meeting

2) Find out about the meeting agenda

3) To prepare for meetings

4) Make adequate preparation for the meeting

5) Know other attendees

6) Acquire and send out relevant information

It is important to study the problems ahead of the meeting and listen carefully to avoid being the one to ask others what the meeting was for when you join the meeting

Ensure the purpose for being at the meeting is clear and the meeting agenda is well known as well as what knowledge is expected and what is to be discussed.

6 0

3 years ago

Read 2 more answers