All categories

4 years ago

Select the correct answer.

Business

1 answer:

rosijanka [135]4 years ago

8 0

<h3>Answer</h3>

Current Assets of the firms are

Inventory: $19,000

Cash: $7,000

Accounts Receivable: $13,500

Total = $39500

<h3>Explanation</h3>

Cash and other assets that are expected to be converted to cash within a year is known as current assets, rest are long term assets, equity and liabilities.

Longterm assets

Patents $220,000

Land: $80,000

Equipment: $150,000

Goodwill: $105,000

Liabilities

Bonds Payable: $14,500

Accounts Payable: $26,500

Notes Payable: $10,000

Wages Payable: $14,000

Equity

Common Stock: $85,000

You might be interested in

g 2018: US Bond A is issued at par with annual coupon of 2% and maturity of 5 years with face value of $1,000. 2019: Interest ra

makvit [3.9K]

Answer:

$918.48

Explanation:

price of bond A after the interest rate increased to 5% and the time to maturity is 3 years:

PV of face value = $1,000 / (1 + 5%)³ = $863.84

PV of coupon payments = $20 x 2.7232 (PV annuity factor, 5%, 3 periods) = $54.46

Market value of bond A = $863.84 + $54.46 = $918.48

Since the market rate is higher than the coupon rate, the bond will sell at a discount.

3 0

3 years ago

Assume that Nortel manufactures specialty electronic circuitry through a unique photoelectronic process. One of the primary prod

kramer

Answer:

A = $6,125

B = $2,125

C = $6,125

Explanation:

Standard Labor Time = 0.5 hours, Standard Labor rate = $12.50 per hour, Standard Time = 4800 * 0.5hour P U = 2400 hours

Actual labor time used = 2,230, Direct labor Cost = $34,000 per hour =$15.25 , Units manufactured = 4,800

(a) Labor Rate Variance = Actual Cost - standard cost of Actual Hours = $34,000 - ($12.50 * 2230) = $34,000 - $27,875 = $6,125 Favorable

(b) Labor Efficiency Variance = Standard Cost of Actual Hours - Standard Cost = (2,230 * 12.50) - (12.50 * 2400) = $27,875 - $30,000 = $2,125 Unfavorable

(c) Flexible budget labor cost variance = Flexible Budget cost - Actual Cost = (Actual qty * Std Rate) - (Actual qty - Actual Rate) = (2,230 * $12.50) - $34,000 = $27,875 - $34,000 = $6,125 Unfavorable

3 0

3 years ago

On a hot summer day, a construction worker enters a mcdonald's fast-food restaurant. he orders the first big mac. he consumes it

sergij07 [2.7K]

In the situation above, the construction worker could be described or has experienced a diminishing marginal utility. The diminishing marginal utility happens when an individual has consumed a lot of product or in other words, has an increase of product consumption in the same time the person has a constant consumed on other products. If this happens, there will be a decrease in marginal utility, causing the diminishing marginal utility which has happened in the situation above.

5 0

3 years ago

Katy, a manager, is evaluating her team members by rating them from best to worst. This rating is based on their overall perform

Feliz [49]

Answer:

a. The simple ranking method

Explanation:

The simple ranking method -

It refers to the method of evaluation used in a company , in order to rank the employees from best to worst depending on various factors , is referred to as the simple ranking method .

Factors like , negative impact , ratings , feedback etc. all are considered while making the ranking .

Hence , from the given scenario of the question ,

The correct answer is a. The simple ranking method .

4 0

3 years ago

Identify one of the major purposes of records.

Kobotan [32]

They need records to keep track of people, objects, things, and so on.

7 0

3 years ago

Read 2 more answers