All categories

3 years ago

Assets are recorded in the balance sheet in order of: Select one:

Business

1 answer:

Yanka [14]3 years ago

5 0

Answer:

(C)

Explanation:

Liquidity refers to how quickly or readily an asset is convertible into cash.

Following the order of liquidity, cash in hand is the most liquid item and hence it is presented first in the balance sheet. Similarly, marketable securities are highly liquid. These are followed by accounts receivables, inventory , fixed assets and lastly intangibles such as Goodwill, Patents etc are presented.

You might be interested in

"stooge enterprises manufactures ceiling fans that normally sell for? $90 each. there are 300 defective fans in? inventory, whic

Oliga [24]

<span>We know that Profit = Earnings - Cost</span>

Case 1: Sold as is

Profit = (300 fans* $20/fan) - (300 fans* $55/fan)

Profit = - $10, 500 (deficit)

Case 2: Processed further then sell

Profit = (300 fans* $90/fan) – [(300 fans* $55/fan) + (300 fans* $40/fan)]

Profit = - $1, 500 (deficit)

<span>Since Case 2 has lower deficit, then it is better to process the fans further then sell to normal selling price.</span>

4 0

3 years ago

The term goal congruence refers to the? ________.

andreyandreev [35.5K]

Goal congruence is characterized as consistency or assertion of individual objectives with organization objectives. Everybody in the association should be paddling a similar way. That procedure gets extreme when you begin to set up assessment criteria for workers.
The control system ought to be planned in order to coordinate the individual objectives with authoritative objectives, and in this manner accomplish goal congruence. The answer is B.

4 0

3 years ago

Mills Corporation acquired as an investment $260 million of 6% bonds, dated July 1, on July 1, 2021. Company management is holdi

aleksandrvk [35]

Answer:

Dr Investment in Bonds 260

Dr Premium on Investment in Bonds 40

Cr Cash $300

Dr Cash$7.8

Cr Premium on Investment in Bonds $1.8

Cr Interest Revenue $6

Dr Investment in bonds $260

Dr Premium on Investment in Bonds $40

Dr Premium on investment in Bonds -$1.8

Cr Carrying Value $298.2

Dr Cash $314

Dr Premium on Investment in Bonds $40

Dr Premium on investment in Bonds amortized -$1.8

Dr Investment in bonds $260

Cr Gain due to investment sale $15.8

( $260+$40-1.8)-314

Explanation:

Mills Corporation Journal Entry ( $ million)

Dr Investment in Bonds 260

Dr Premium on Investment in Bonds 40

(300 -260)

Cr Cash $300

Dr Cash

($260 million X 6% / 2) $7.8

Cr Premium on Investment in Bonds $1.8

Cr Interest Revenue

($300 million X 4% / 2) $6

Dr Investment in bonds $260

Dr Premium on Investment in Bonds $40

Dr Premium on investment in Bonds -$1.8

Cr Carrying Value $298.2

($260+$40-$1.8

Dr Cash $314

Dr Premium on Investment in Bonds $40

Dr Premium on investment in Bonds amortized -$1.8

Dr Investment in bonds $260

Cr Gain due to investment sale $15.8

( $260+$40-1.8)-314

8 0

3 years ago

What is the yearly salary and hourly wage for a barnes and noble bookseller? it's for a project.

Y_Kistochka [10]

Answer:

in the US: $13.30 per hour

Explanation:

6 0

3 years ago

Read 2 more answers

A company borrows $70,000 by signing a $70,000, 8%, 6-year note that requires equal payments of $15,142 at the end of each year.

VLD [36.1K]

Answer:

$9,542

Explanation:

A loan is amortized by the equal annual payment, each payment is sum of the two payment made against the principal and interest for the period on due balance.

The Equal Payment of $15,142 includes the payment of interest for the period and Principal.

The Principal Payment is the net of Payment made and Interest expenses in the period.

Principal portion = $15,142 - $5,600 = $9,542

The principal will be reduced by $9,542.

3 0

3 years ago