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.
Answer:
It is more convenient to produce in house.
Explanation:
Giving the following information:
Direct materials $ 4.00
Direct labor 8.00
Overhead 9.00
Total costs per unit $ 21.00
Direct materials and direct labor are 100% variable. The overhead is 80% fixed. An outside supplier has offered to supply the 61,000 units of RX5 for $19.00 per unit.
The fixed costs are unavoidable, therefore we will concentrate the analysis in the variable costs.
Make in house:
Unitary cost= 4 + 8 + (9*0.20)= $13.8
Buy= 19
Difference= 19 - 13.8= 5.2
It is more convenient to produce in house.
Answer: d.the holders must have acted honestly and observed all reasonable commercial standards of fair dealing.
Explanation:
For an instrument to be negotiable, it should be noted that the UCC requires that such instrument have to be signed by the maker or the drawer.
The UCC requires that HDCs take instruments in good faith. This means that the holders must have acted honestly and observed all reasonable commercial standards of fair dealing.
Answer:
option B
Explanation:
Reinvestment risk refers to the possibility that potential cash flow will have to be invested in low-yielding assets, like coupons (the annual interest charges on the bond) or the eventual returns of the investment.
Reinvestment risk refers to one of financial risk's primary styles. The term is used to describe the threat of anyone canceling or stopping a particular investment, which one might need to find another place to reinvest the cash with the risk of not getting an equally attractive prospect.
Thus, from the above we can conclude that correct option is B .
Answer:
The misstatement is immaterial in the overall context of the financial statements.
Explanation:
An immaterial misstatement is an omission that has not been treated correctly but is not significant enough to negatively influence the use of the financial statements or the decisions made by those using them. This immaterial misstatements do not represent fraud or intentional wrongdoing.
