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oksano4ka [1.4K]
3 years ago
6

13. Jensen and Associates has a projected balance sheet that includes the following accounts. What is the projected marketable s

ecurities balance? Cash $ 225,000 Marketable securities ? Accounts receivable 680,000 Inventory 940,000 Non-current assets, net 1,420,000 Current liabilities 375,000 Total liabilities 1,060,000 Total equity 2,985,000
Business
1 answer:
Ghella [55]3 years ago
3 0

Answer:

$780,000

Explanation:

In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:  

Total assets = Total liabilities + stockholder equity

                    =  $1,060,000 + $2,985,000

                    = $4,045,000

And, the total assets would equal to

Total assets = Cash + Marketable securities +Accounts receivable + Inventory + Non-current assets, net

$4,045,000 = $3,265,000 + Marketable securities

So, the marketable securities would be

= $4,045,000 - $3,265,000

= $780,000

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Sheffield Corp. traded machinery with a book value of $978480 and a fair value of $906000. It received in exchange from Ivanhoe
Lemur [1.5K]

Answer:

Gain $72,480

Explanation:

Calculation for the amount of gain or loss that Sheffield should recognize on the exchange

Using this formula

Gain/Loss= Book value – Fair value

Let plug in the formula

Gain/Loss= $978,480 – $906,000

Gain=$72,480

Therefore the amount of gain or loss that Sheffield should recognize on the exchange will be $72,480

3 0
3 years ago
On January 1, 2021, PokemonGo Company leased equipment to Waldo Corporation under a lease agreement that qualifies as an operati
ankoles [38]

Answer:

Investment in bonds= 4,300,000

loss on investments (6,100,000-4,300,000= 1,800,000)

The unrealized holding loss ($1,800,000) on transfer to a new category of trading securities is included in income.

Explanation:

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8 0
2 years ago
When an employee evaluates his or her manager low on all performance criteria due to dissatisfaction with the manager's disposit
yarga [219]

Answer:

The employee has most likely committed a <u>Horns error</u>.

Explanation:

The horns error occurs when <u>one attribute</u> of an individual (which may be positive or negative), <u>creates a bias that influences how that individual is perceived overall</u>.

<em>If an employee is dissatisfied with his manager's disposition and this dissatisfaction influences the employee to rate the manager low on all performance criteria, then the employee has committed a horns error.</em>

5 0
3 years ago
The Dean Company has sales of $500,000, and the break-even point in sales dollars of $300,000. What is the company’s margin of s
postnew [5]

Answer:

40%

Explanation:

The Dean company have a sales of $500,000

The break-even point in sales dollar is $300,000

Therefore, the company's margin of safety can be calculated as follows

Margin of safety= Sales-break-even sales/sales

= $500,000-$300,000/$500,000

= $200,000/$500,000

= 0.4×100

= 40%

Hencethe company's margin of safety percentage is 40%

4 0
2 years ago
The variable overhead spending variance, the fixed overhead spending variance, and the variable overhead efficiency variance can
kozerog [31]

Answer:

Controllable variance

Explanation:

The controllable variance is the combination of the variable overhead, fixed overhead spending variance and together with this, the variable overhead efficiency variance is also involved

Hence, as per the given situation, the controllable variance is to be considered

Therefore the above represents the answer

7 0
2 years ago
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