Answer:
the current asset for Jones company is $80,800
Explanation:
The computation of the current asset is shown below
Current Assets = Cash + Accounts Receivable+ Prepaid Insurance
= $47,000 + $24,000 + $9,800
= $80,800
hence, the current asset for Jones company is $80,800
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer: <u>True</u>
Explanation:
Home equity loans work more in the form of a credit card. For the time that you have the loan, you are allowed to borrow a certain amount of money. The time limit, is, of course, set by the lender and for the duration of that period of time, you may withdraw money as the occasion arises.
<h2>
Hope this helps! :)</h2>
Answer: The correct answer is choice a.
Explanation: The continuous review model works under the assumption that there is a constant demand for a product, regardless of other factors. There is a preset level of inventory, and when it gets to that level the product is automatically ordered and additional items are brought back into inventory. This makes choice a the one that is NOT an assumption - the order quantity is not constant regardless of demand. The item is not ordered until a preset order point is reached.
There’s no image I think u forgot to insert it