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valentina_108 [34]
3 years ago
13

Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $28,638 Accou

nts receivable 64,301 Accrued liabilities 6,777 Cash 18,105 Intangible assets 39,288 Inventory 87,492 Long-term investments 90,949 Long-term liabilities 71,756 Marketable securities 36,573 Notes payable (short-term) 27,962 Property, plant, and equipment 620,674 Prepaid expenses 2,418 Based on the data for Harding Company, what is the amount of quick assets?
Business
1 answer:
inn [45]3 years ago
4 0

Answer:

$119,159

Explanation:

The computation of the quick asset is shown below:

Quick assets = Cash + Marketable securities  + Accounts receivable

                     = $18,105 + $36,753 + $64,301

                     = $119,159

Only these items i.e cash, marketable securities and the account receivable are shown in the quick assets

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Which of the following would be best considered to be an agency conflict problem in the behavior of the following financial​ man
fredd [130]

Answer:

A. Bill chooses to pursue a risky investment for the​ company's funds because his compensation will substantially rise if it succeeds. 

Explanation:

An agency conflict problem usually arises when the agent (managers) do not act in the best interest of his principals (e.g. shareholders) usually because of selfish interests of the agent (manager).

I hope my answer helps you

3 0
3 years ago
The balance in Accounts Receivable at the beginning of the year was $ 550 comma 000. The balance in Accounts Receivable at the e
mina [271]

Answer:

$3,400,000

Explanation:

The computation of the credit sales is shown below:

As we know that

Closing balance of  accounts receivables = Opening balance of  accounts receivables + Credit Sales - Bad debts written off - Cash collected from credit customers

$750,000 = $550,000 + credit sales - $460,000 - $4,060,000

$750,000 = $4,150,000 + credit sales

So, the credit sales is

= $4,150,000 - $750,000

= $3,400,000

Simply we applied the above formula

5 0
2 years ago
Why should you always consider the opportunity cost when making a significant purchase?
vladimir2022 [97]

You should always ponder the opportunity cost when making a important purchase to make sure you choose making a payment that would be most beneficial for you. Opportunity Cost refers to the financial opportunity that is given up because you choose to do something else with your money

8 0
2 years ago
Upton Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products usin
Nataliya [291]

Answer:

$67.80.

Explanation:

                                                 Long                       Short

Direct materials per unit          $ 14.70                   $ 48.50

For 60,000 units                   882,000

Direct labor per unit                 $ 17.30                   $ 50.90

For 60,000 units                   1038000

Direct labor-hours per unit       0.70                           2.10

Estimated Overhead          1796,077                  1690,343

Total Costs                         3716077

Unit Cost = Total Costs/ No of units = $    3716077/ 60,000= $ 61.93=$ 62

Working

Direct labor support  Cost for Long= ( $ 2,034,020 / 63,000 )* 42,000   =

$ 1356,013

Setting up machines Cost for Long(434,400 /  2,940 )*1190=  $175,829

Part administration Cost for Long =( 1,018,000 / 3,660)* 950= $ 264,235

                                                 Long           Short

Direct materials per unit          $ 14.70     $ 48.50

Direct labor per unit                 $ 17.30      $ 50.90

Direct labor-hours per unit       0.70             2.10

Annual production                 60,000           10,000

Estimated total manufacturing overhead  $3,486,420

Estimated total direct labor-hours  63,000

Activities                             Activity                Estimated            

                                            Measures        Overhead Cost

Direct labor support              (DLHs)            $ 2,034,020

Setting up machines             (setups)                434,400

Part administration             (part types)             1,018,000

Total                                                                  $ 3,486,420

Expected Activity             Long           Short          Total DLHs

                                       42,000         21,000            63,000

Setups                              1,190             1,750             2,940

Part types                         950             2,710               3,660

The unit product cost of product Long under the company's traditional costing system is closest to:

3 0
3 years ago
Which probability distribution is commonly used to model the inherent variability of activity time estimates in project manageme
Ksivusya [100]

Answer:

Beta distribution

Explanation:

Beta distribution In probability theory

is regarded as a part of continuous probability distributions with a defined interval which could be 0 and 1, and it is characterized with two positive parameters (α and β) which is seen as

as exponents of the random variable .

It should be noted that Beta distribution probability is commonly used to model the inherent variability of activity time estimates in project management

5 0
2 years ago
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