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mamaluj [8]
3 years ago
6

The trial balance of a company included the following account balances: Cash, $25,000; Short-Term Investments, $10,000; Accounts

Receivable, $40,000; Inventory, $90,000; and Prepaid Insurance, $12,000. Its quick assets total:
A. $35,000
B. $125,000
C. $75,000
D. $165,000
E. $50,000
Business
2 answers:
Rainbow [258]3 years ago
5 0

Answer:

C. $75,000

Explanation:

All the current assets which can be quickly converted into cash are the quick assets. Inventory and Prepaid Insurance are not the p[art of this because these take much longer time to convert into cash than other current assets. Receivable has more liquidity than inventory because it takes less time to recover.

Cash                                 $25,000

Short-Term Investments $10,000

Accounts Receivable      <u>$40,000</u>

Total Quick Assets          <u>$75,000</u>

polet [3.4K]3 years ago
3 0

Answer:

Its quick assets total is $75,000. The right answer is C.

Explanation:

In order to calculate the company's quick assets total we need to check according to the data, which of the account balances of the company are quick assets.

Hence, Quick assets are the following:

Cash $ 25,000

Short Term Investments $10,000.

Accounts Receivable $40,000.

Therefore, Total Quick Assets=$ 25,000+ $10,000+ $40,000= $75,000

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tiny-mole [99]

Answer:

A: The supply of loanable funds curve

B: left

C: Increase

Explanation:

If the tax rate on interest earned on savings deposits rises to 25% then the <u><em>supply of loanable funds curve</em></u> will shift to the <u><em>left </em></u>causing the equilibrium interest rate to <u><em>slide upwards (or increase). </em></u>

The supply curve for loanable funds slopes upwards from left to right. This means that when interest rates are high, lenders are more willing to lend more funds to investors and businesses. The intersection of the demand and supply curves for loanable funds creates the equilibrium interest rate.

Cheers!

8 0
3 years ago
You just won the Powerball and are offered two payment options: 1) Receiving $80 million per year for 25 years beginning at next
laila [671]

Answer: $80 million per year for 25 years

Explanation:

The option you should choose is one that will guarantee you the highest present value.

This means that you need to discount the annual payment of $80 million per year for 25 years to find the present value. As you did not include a rate, we shall assume a rate of 8% for reference purposes.

The annual payment is an annuity so the present value can be calculated by:

Present value of annuity = Annuity payment * Present value interest factor, rate, no. of years

= 80,000,000 * Present value interest factor, 8%, 25 years

= 80,000,000 * 10.6748

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7 0
3 years ago
What are the three principal forms of business organization? what are three advantages and disadvantages of each?
Soloha48 [4]
<span>The three principla forms of business organization are corporations, proprietorship and partnerships. Corporations have certain advantages like indefinite life, limited liability and eas of ownership transfers as well as easy access to capital markets. Corporations also have disadvantages like their earnings are subjected to double taxes, they must file federal reports for registration and state reports as well which are incredibly time consuiming and difficult. Proprietorships are unincorporated businesses that are owned by a single person. This single person is responsible for bearing all the losses as well as managing all the business, but they also get to take all the profits. This type of business is easy and cheap to form and has few federal regulatiosn. The income from it is not subjected to corporate tax but on personal taxes. It is harder to raise capital for this type of business, and the life of the business is limited to the life of the founder. Finally, partnerships are two or more people running and managing a business where the goal is to turn a profit. It sadvantages are that it is easy and inexpensive to buil, has few government regulations, and the income is only taxable at the partners personal level, not as a corporate tax rate. The disadvantages are that there is an unlimited liability to the partners and they are responsible for the extent of the business, it is difficult to transfer ownership and all partners must always agree on how they ahndle their interests as well as growth and raising capital.</span>
6 0
3 years ago
The Blue Lake Water Company has two departments, Purifying and Bottling. The Bottling Department received 76,000 liters from the
Murrr4er [49]

Answer:

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Explanation:

The computation of the liters was started and completed during the period is calculated below:

= Number of liters completed - liters at the beginning work in process

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= 71,000 liters

In order to determine the liters completed and started, the  liters at the beginning work in process is deducted from the Number of liters completed

Note: This is the answer but the same is not given in the options

8 0
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seraphim [82]

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Learn more about LIV golf with the help of the given link:

brainly.com/question/29360586

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