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inna [77]
4 years ago
12

Suppose the following information (in thousands of dollars) is available for H.J. Heinz Company—famous for ketchup and other fin

e food products—for the year ended April 30, 2022. Prepaid insurance $ 137,700 Buildings $4,039,300 Land 77,600 Cash 354,300 Goodwill 3,985,900 Accounts receivable 1,234,000 Trademarks 789,300 Accumulated depreciation—buildings 2,193,000 Inventory 1,223,400 Prepare the assets section of a classified balance sheet. (List Current Assets in order of liquidity.) H. J. HEINZ COMPANY Partial Balance Sheet

Business
1 answer:
Katena32 [7]4 years ago
4 0

Answer:

Explanation:

The classified balance sheet comprises of the assets, liabilities, and stockholder equity.  With the help of the accounting equation, the total assets are equal to the total liabilities including stockholder's equity.

The assets are further divided into current assets, fixed assets, and intangible assets. Similarly, the liabilities are also further divided but they do not have any intangible liabilities.

The preparation of the partial balance sheet is presented in the spreadsheet. Kindly find the attachment below:

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Barbara's Bakery purchased three new 7-year assets last year. She chose NOT to use Section 179 immediate expensing or take bonus
Serggg [28]

Answer:

b. $14,939

Explanation:

Property placed in service in 1st year:  

                                                Amount $

2nd quarter                              15,000

3rd quarter                                6,000

4th quarter                                <u>40,000</u>

Total furnishing at beginning of 2nd Year $61,000

Half Year depreciation rate in 2nd Year  as per Macrs table under "7 years life" assets, the applicable depreciation in the 2nd year is 24.49%

Thus, amount of depreciation expense is allowable in the current (second) year of ownership = $61,000 * 24.49% = $14938.90

6 0
3 years ago
Which is the first stage in the project management model Mcq?
kap26 [50]

The project initiation stage is the first stage in the project management model.

What is a project management model?

The five project management process steps—initiating, planning, executing, controlling, and closing—are referred to in the PMBOK. It includes a variety of project management methods and techniques that you can use to assess or finish the way you manage your projects or the methodology you employ.

What is project initiation?

The Vice-Chancellor/Chief Information Officer and Project Sponsor define and assess the project proposal at the Initiation Phase before giving their approval for it to move forward.

What is the purpose of project initiation?

A project's objectives, justification, and organizational structure are all spelled out in a project's initiation document. This makes it possible to guarantee that everyone is aware of the situation from the outset.

Learn more about project management: brainly.com/question/15552468

#SPJ4

8 0
2 years ago
Methods that FNB can use to compete with other bankes in SA
3241004551 [841]
The Methods that FNB can use to compete with other banks are :

- Utilizing their banking technology in order to achieve maximum efficiency
- by Acquiring profitable subsidiaries that exist in South Africa
- by lowering their interest rates to attract more people that wanted to find some capital injection
8 0
4 years ago
_____ are costs of selecting one opportunity or investment over another.
AveGali [126]

Answer:

(B) opportunity cost

Explanation:

If you are giving up an opportunity over another than it is called opportunity cost.

4 0
3 years ago
Handy Home sells windows and doors in the ratio of 7:3 (windows:doors). The selling price of each window is $111 and of each doo
Setler [38]

Answer:

1.

Selling Price $156

2.

Variable cost $101.25

Break-even 9,500 units and $1,482,000

Explanation:

Compposit unit unit is a unit made according to the propostion to sale. Different products are combined to make a sales mix for composit unit.

1.

Selling price per composit unit = [ ( 7 x 111 ) + ( 3 x 261 ) ] / 10 = 1560 / 10 = $156

2.

Variable cost per composit unit = [ ( 7 x 68 ) + ( 3 x 180.5 ) ] / 10 = 1,017.5 / 10 = $101.75

Contribution per composit unit = Selling Price - variable cost = $156 - 101.75 = $54.25

Break-even Point = Total Fixed cost / Contribution per unit = $515,375 / 54.25 = 9,500 units

Break-even Point ($ value )= 9,500 x 156 = $1,482,000

8 0
3 years ago
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