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kati45 [8]
4 years ago
6

The following information is provided for a company. Accounts payable $ 15,000 Buildings 80,000 Cash 10,500 Accounts receivable

9,500 Salaries payable 4,500 Retained earnings 47,500 Supplies 40,000 Notes payable (due in 18 months) 35,000 Interest payable 3,000 Common stock 35,000 What is the amount of current assets? assuming the accounts above reflect normal activity
Business
1 answer:
stealth61 [152]4 years ago
8 0

Answer:

$60,000

Explanation:

Given that,

Accounts payable = $15,000

Buildings = 80,000

Cash = 10,500

Accounts receivable = 9,500

Salaries payable = 4,500

Retained earnings = 47,500

Supplies = 40,000

Notes payable (due in 18 months) = 35,000

Interest payable = 3,000

Common stock = 35,000

Amount of current assets:

= Cash + Accounts receivable + Supplies

= $10,500 + $9,500 + $40,000

= $60,000

Therefore, the amount of current assets is $60,000.

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You plan to borrow $35,000 at a 7.5% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year p
Alexeev081 [22]

Answer:

$2,250

Explanation:

Since terms require you to amortize the loan with 7 equal end-of-year payments, it implies that interest will be paid on the amount outstanding balance for a whole year.

The would be paid in Year 2 can therefore be calculated as follows:

Equal amount of the loan principal = Loan amount / Number of equal end-of-year payments = $35,000 / 7 = $5,000

Loan balance outstanding throughout Year 2 = Loan amount - Year 1 end-of-year payment = $35,000 - $5,000 = $30,000

Year 2 interest payable = Loan balance outstanding throughout Year 2 * Annual interest rate = $30,000 = 7.5% = $2,250.

Therefore, you would be paying $2,250 interest in Year 2.

3 0
3 years ago
Weston Inc. wants to outsource its customer service operations. The top managers of the company are preparing a plan exclusively
morpeh [17]

Answer:

Single use plan

Explanation:

A single use plan is employed in tackling a particular organisational situation. This plan is only used once, because it is used to solve a specific situation and then discarded when the situation has been tackled.

A single use plan is utilized in situations that is unlikely to be repeated in the nearest future since the main purpose of the plan is to solve a particular problem.

The single use plan can be very precise in handling a particular situation.

5 0
4 years ago
Consider the following project network and activity times (in weeks): Activity A B C D E F G H Time 5 3 7 6 7 3 10 8 How much ti
VladimirAG [237]

Answer:

Please find the attached file of the complete question:

Explanation:

Please find the attached file of the solution:

Critical Path:  ACH

Duration: 21

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E is not on the critical path, thus it may also be delayed by two weeks without causing the project to be delayed.

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7 0
3 years ago
The learning curve is:_______
never [62]

Answer:

Option C, Shows the decrease in unit cost as more of the same product is produced over time, is the right answer.

Explanation:

Option C is the correct answer because the learning curve shows the relationship between the cost of the production and output over the time period. Moreover, this curve shows the cost savings when more output is produced over time. The same can be seen in option C that the cost decreases when output rises which means there is a cost-saving.

5 0
3 years ago
If a researcher concludes that p=.05 , this most likely indicates that
saveliy_v [14]
If the researcher concludes that p value (p) = 0.05, then this is most likely indicates that the result of two test are statistically significant.

P value helps the researcher to test its hypothesis whether to reject or accept it. If the value of p<0.05, then the the researcher should reject the set hypothesis. Else, p>=0.05, then the hypothesis is acceptable.
7 0
4 years ago
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