Answer:
a. 710,000
Explanation:
Current assets are calculated as follows:
Cash: $185,000
Accounts receivable, net $725,000
Recall that a loyal customer is to make semi-annually payments of $100000 into to the tune of $400,000 accounts receivable. For the year five balance sheet, the reclassification of o/s receivable will therefore be $200000
Therefore Total current assets = $185,000+ $725,000 - $200000 = $710,000
In JB Company's December 31, year five Balance Sheet $710,000 should be reported as current assets.
Answer:
Raw Materials transferred to production during 2017 $1,466,000
Explanation:
The computation of the raw material transferred to production is given below:
Opening raw material 2016 $80,000
Add : Purchase of Raw material $1,450,000
Less Closing Stock raw material 2017 $64,000
Raw Materials transferred to production during 2017 $1,466,000
Hence, the same should be relevant
Answer:
C) 0.5 USD
Explanation:
Swap is an arrangement in which two parties exchange their interest rates for mutual benefit. One party may receive fixed rate and other will receive floating rate based on LIBOR. In the given scenario the swap agreement was originated when the LIBIOR was 3%. The fixed rate was set to be at 4% so the net gain at the time of inception was 1%. When LIBOR increased after six month the net gain declined to only 0.5%.
Based on the calculation done, there are 15 baskets of peaches.
x + y = 23 ..... i
20x + 18y = 430 ...... ii
From equation i, x = 23 - y ..... iii
Put equation iii into ii
20x + 18y = 430
20(23 - y) + 18y = 430
460 - 20y + 18y = 430
2y = 30
y = 30/2 = 15
x + y = 23.
x + 15 = 23
x = 23 - 15 = 8
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Answer:
B = 0.287 Tesla
According to thumb rule the direction of magnet is to the east.
Explanation:
F = BiL sin∅
note that F = mg
B = magnetic field
i = current
therefore,
mg = BiLsin∅
Make B subject of the formula
B = mg/iLsin∅
m/L = mass per length of the wire and it is given in gram per centimeter . It should be converted to kg per meter.
m/L = 0.440 g/cm
convert to kg/m = 0.440 × 0.001 kg × 100 m = 0.044 kg/m
B = 9.8 × 0.044 / sin 90 × 1.50 × 1
B = 0.4312/ 1.50
B = 0.28746666666
B = 0.287 Tesla
According to thumb rule the direction of magnet is to the east.