1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sveta [45]
3 years ago
10

Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,000 Inventory 72

,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 400,000 Prepaid expenses 2,000 ​ ​ Based on the above data, what is the amount of quick assets?
Business
1 answer:
KIM [24]3 years ago
5 0

Answer:

The amount of quick assets is $98,000

Explanation:

All the current assets which can be quickly converted into cash are the quick assets. Inventory is not the p[art of this because it take much longer time to convert into cash than other current assets.

Cash                              $25,000

Accounts receivable    $35,000

Prepaid expenses        $2,000

Marketable securities  <u>$36,000</u>

Quick Assets               <u>$98,000</u>

Inventory 72,000 (excluded)

Following account are other than Current Accounts

Fixed Assets

Intangible assets 40,000

Long-term investments 100,000

Property, plant, and equipment 400,000

Liabilities

Long-term liabilities 75,000

Accrued liabilities 7,000

Accounts payable $ 30,000

Notes payable (short-term) 20,000

You might be interested in
I rlly need answers quick guys! This isnt Business tho!
aivan3 [116]

Answer:

$119.48

Explanation:

hope this helped :)

7 0
3 years ago
If the labor force is 320,000 and the total population 16 years of age or older is 400,000, the labor-force participation rate i
Anon25 [30]

Answer:

80 %

Explanation:

Given that,

Labor force = Employed people + Unemployed people

                    = 320,000

Total population 16 years of age or older = 400,000

Therefore, the labor force participation rate is as follows:

= (Labor force ÷ Population of 16 years of age or older) × 100

= (320,000 ÷ 400,000) × 100

= 80 %

6 0
3 years ago
Disadvantages of opening a new store location
Ksenya-84 [330]
You might struggle through delayed profitability where the market maynot already be established , it might take a long time to come profitable 
7 0
3 years ago
All of the following statements regarding Government National Mortgage Association (GNMA) pass-through securities are true EXCEP
trasher [3.6K]

Answer:

B) GNMAs are considered to be the riskiest of the agency issues

Explanation:

The Ginnie Mae or GNMA pass through securities are mortgage backed. The Great recession taught us that mortgage backed securities are not always 100% secure, but they are still considered secure investments basically because they are guaranteed by the US government. They are similar to the securities sold by the US Treasury.

Ginnie Mae basically guarantees mortgages using federal funds (from Federal Housing Administration and Department of Veterans Affairs).

3 0
3 years ago
Which of the following statement is not true about derivative contracts?
8090 [49]

Answer:

a. A long position is a bet that the number is going to fall while a short position is a bet that the number will rise in the future.

Explanation:

The derivative contract is a contract in which the contract is to be done between two or more parties regarding the value i.e. depend upon the financial asset i.e. underlying. It involves the bonds, commodities, etc

So according to the given options, the option a is correct as long position is a bet in which the number is to be decline while on the other hand in the short position the number would increase

4 0
2 years ago
Other questions:
  • Which type of account typically has very high liquidity, low or no interest, and low minimum balance?
    13·1 answer
  • Discuss the reasons why suppliers are sometimes reluctant to share cost information with buyers - particularly during the early
    6·1 answer
  • Martha has noticed that her employees do not always greet their coffee collective customers promptly and customers sometimes hav
    10·2 answers
  • Interview Notes
    12·1 answer
  • Coronado Company's records indicate the following information for the year:
    12·1 answer
  • Which speaker is most likely to make high-risk investments?
    8·1 answer
  • What is a likely result of an increase in trade between nations
    9·1 answer
  • Businesses see less demand and begin to lose money. Unemployment and interest rates rise, and consumers
    7·1 answer
  • How has apple inc mission and vision statement helped the company?
    8·1 answer
  • Step 4 of the planning process is plan development. This step involves generating courses of action, identifying required resour
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!