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mina [271]
3 years ago
14

A list of fi nancial statement items for Chin Company includes the following: accounts receivable $14,000, prepaid insurance $2,

600, cash $10,400, supplies $3,800, and debt investments (short-term) $8,200. Prepare the current assets section of the balance sheet listing the items in the proper sequence.
Business
1 answer:
Arturiano [62]3 years ago
6 0

Answer:

Explanation:

Data provided in the question:

Accounts receivable = $14,000

Prepaid insurance = $2,600

cash = $10,400

supplies = $3,800

Debt investments (short-term) = $8,200

Now,

Balance sheet listing the items in the proper sequence is as follows

Current Assets                              Amount

Cash                                                 $10,400

Debt investments (short term)        $8,200

Accounts receivables                      $14,000

Supplies                                            $3800

Prepaid Insurance                            $2,600

=================================================================

Total current assets                         $39,000

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Amy owns a salon and spa. She’s leasing a prime piece of real estate in which she’s installing salon chairs, counters, massage t
Nina [5.8K]

The correct answer to this open question is the following.

Amy owns a salon and spa. She’s leasing a prime piece of real estate in which she’s installing salon chairs, counters, massage tables, spray tan vestibules, washers, and dryers. These items are considered commodities and pluses that improve the quality of the leasing and upgrade the facility. These are also tools to help the new operator to properly do the work and offer great client service. With all those elements, Amy can justify the amount of money she asks for the rent of the space. More items included, the higher the prize.

6 0
3 years ago
Union Local School District has bonds outstanding with a coupon rate of 3.4 percent paid semiannually and 19 years to maturity.
Talja [164]

Answer:

PV = $4,863.24

Explanation:

Computation of the given data are as follows:

Face value = $5,000

YTM = 3.6%

YTM (Semiannual) (Rate) = 3.6% ÷ 2 = 1.8%

Coupon rate = 3.4%

Coupon rate semiannual = 3.4% ÷ 2 = 1.7%

Coupon payment ( Pmt) = 1.7% × $5,000 = $85

Time period (semiannual) (Nper) = 19 × 2 = 38

By putting the value in the financial calculator, we will get the present value.

Attachment is attached below.

PV = $4,863.24

8 0
3 years ago
Carson Company purchased a depreciable asset for $560,000. The estimated salvage value is $28,000, and the estimated useful life
LenaWriter [7]

Answer:

$79,800

Explanation:

Depreciation expense using the activity method = (actual hours of use in a given period / total estimated hours of use ) × ( Cost of asset - Salvage value)

(1500/10,000) × ($560,000 - $28,000) = $79,800

I hope my answer helps you.

5 0
3 years ago
Parkway Company incurred $126,000 in material costs during July. Additionally, the 12,000 units in the Work-in-Process Inventory
IRINA_888 [86]

Answer:

$ 13.167 / unit

Explanation:

Data provided:

Beginning material cost = $ 126,000

Number of units in work in progress = 12,000 units

Material cost assigned = $ 32,000

thus,

the total material cost involved = $ 126,000 + $ 32,000 = $ 158,000

Now,

the material cost per equivalent unit = Total material cost involved / number of units

on substituting the values, we have

the material cost per equivalent unit = $ 158,000 / 12,000

or

= $ 13.167 / unit

7 0
3 years ago
Barlow owns the surface rights for Canyon Ranch, but does not own the subsurface rights. Dusty owns the subsurface rights. Canyo
yarga [219]

Answer:

A) Dusty.

Explanation:

Generally, when you are dealing with property rights and any damages that occur to real property, the individual that possesses the oldest structure can sue other individuals that damage his/her structure by building or developing a new one.

E.g. in many cities, buildings or even homes tend to be built right next to other homes or buildings (specially in down town areas). If you are building a house right next to an existing house and the walls are damaged because because you dug to build a basement, then you are responsible and liable for the damages even if you never invaded the other property.

6 0
3 years ago
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