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3 years ago

Crane Electronics reported the following information at its annual meetings:

Business

1 answer:

slega [8]3 years ago

7 0

Answer:

$6,712,053

Explanation:

Total current assets:

= cash and marketable securities + Inventory + accounts receivables + Other current assets

= $1,235,455 + $7,149,800 + $3,465,300 + $121,455

= $11,972,010

Total current liabilities:

= accounts payable + short-term notes payable

= $4,159,357 + $1,100,600

= $5,259,957

company's net working capital:

= Total current assets - Total current liabilities

= $11,972,010 - $5,259,957

= $6,712,053

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shusha [124]

Answer:

E) B and C

Explanation:

<em> The missing word </em>"Florida Travel Inc. issues 5,000 shares of $5 pa r value common stock for $85,000"

Date Account Titles and Explanation Debit Credit

Cash $85,000

Common stock $25,000

(5000 shares x $5)

Paid-in capital in excess of par $60,000

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4 years ago

A company should examine this area of the control of information if it wants to determine what data it has the right to monitor

lianna [129]

Answer:Privacy

Explanation: Privacy can be defined as the ability of an individual to seclude themselves from others. Data privacy is that area of control that the organisation should focus on to determine the data they need to capture from employees and what they should not.

Privacy rules as per the laws and societal expectations makes the relationship between collection and dissemination of information.

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3 years ago

Read 2 more answers

Smith Commercial Development has effective control processes, allowing its managers to discover ______ in bookkeeping right away

Daniel [21]

Complete Question:

Smith Commercial Development has effective control processes, allowing its managers to discover ______ in bookkeeping right away, before a would-be embezzler could seriously affect its business.

Group of answer choices

A. irregularities and errors

B. team problems

C. a potential merger

D. tax breaks

E. competence

Answer:

A. Irregularities and errors.

Explanation:

In this scenario, Smith Commercial Development has effective control processes, allowing its managers to discover irregularities and errors in bookkeeping right away, before a would-be embezzler could seriously affect its business.

Generally, managers are saddled with the responsibility of controlling various aspects of an organization (business) and as such are required to improve the effectiveness of their control processes. An effective control process ensure that every information at various levels of organization such as bookkeeping (financial statements) are accurate through the use of corrective actions.

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3 years ago

Lawson Manufacturing Company has the following account balances at year end:

soldi70 [24.7K]

Answer:

C) $195,000.

Explanation:

Calculation for the amount that Lawson should report as inventories in its balance sheet

Raw materials 27,000

Add Work-in-process 59,000

Add Finished goods 109,000

Inventories $195,000

Therefore the amount that Lawson should report as inventories in its balance sheet will be 195,000

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3 years ago

Use the following Window Breeze Company income statement to answer the question. Window Breeze Company is a small manufacturer o

Vikki [24]

Missing information:

How much is the value of full costing ending inventory?

Answer:

$8,750

Explanation:

1,000 units were produced and 800 were sold, so ending inventory = 200 units

total production cost per unit (under full costing) = $35,000 / 800 = $43.75

ending inventory = $43.75 x 200 = $8,750

Full costing basically refers to absorption costing, which calculates COGS using both variable and fixed costs (total production costs).

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4 years ago