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Sedaia [141]
4 years ago
6

A list of financial statement items for Ivanhoe Company includes the following: accounts receivable $16,800; prepaid insurance $

3,120; cash $12,480; supplies $4,560; and debt investments (short-term) $9,840. Prepare the current assets section of the balance sheet listing the items in the proper sequence. (List current assets in order of liquidity.)
Business
1 answer:
goldfiish [28.3K]4 years ago
5 0

Answer:

Current Assets:

Cash $12,480

Debt Investments (short-term) $9,840

Accounts Receivable $16,800

Supplies $4,560

Prepaid Insurance $3,120

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Which investment has the least liquidity? mutual fund house checking account corporation Mark this and return Save and Exit Next
Elina [12.6K]

<u>The answer is "corporation".</u>


Liquidity alludes to how effectively resources can be changed over into money. Resources like stocks and bonds are exceptionally fluid since they can be changed over to money inside days. However, vast resources, for example, property, plant, and gear are not as effectively changed over to money. For instance, your financial records is fluid, however on the off chance that you claimed land and expected to offer it, it might take weeks or months to sell it, making it less fluid.  

Corporate finance is the zone of fund managing the wellsprings of subsidizing and the capital structure of enterprises, the moves that directors make to build the estimation of the firm to the investors, and the instruments and investigation used to designate money related assets.

8 0
3 years ago
Read 2 more answers
Calculate the Kuznets Ratio for Bangladesh based on size distribution: The lowest 40% receives 17.3% of national income and the
denis-greek [22]

Answer:

Kuznets Ratio = 2.62

Explanation:

Kuznet Ratio = <u>% share of income received  by richest 20% </u>

                       % share of income received by poorest 40%

Given : The lowest 40% receives 17.3% of national income and the highest 20% receives 45.3%.

So, Kuznets Ratio = 45.3 / 17.3

= 2.62  

7 0
3 years ago
Martha’s Quilt Shop sells homemade quilts. Martha buys the quilts from local artisans for $300 each and sells them in her shop f
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Answer:

<u>Martha’s Quilt Shop’s gross margin for March is = $50000. </u>

Explanation:

Gross margin = Sales revenues- Cost of goods sold

= ($500 per unit*250 units)- ($300 per unit*250 units)

= $125000-$75000

= $50000

5 0
3 years ago
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Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the be
dolphi86 [110]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Machine-hours required to support estimated production 157,000 Fixed manufacturing overhead cost $ 658,000

Variable manufacturing overhead cost per machine hour $4.50

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= (658,000/157,000) + 4.5

Estimated manufacturing overhead rate= $8.69 per machine hour

Job 400:

Direct materials= $350

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Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

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Job 400:

Units= 50

First, we need to calculate the total cost:

Total cost= 350 + 240 + 269.39

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4 years ago
Explain how maintaining a provision for doubtful debts is an application of the principle of Matching
erica [24]

Answer: The Matching Principle says that we should recognize expenses in the same period that it has helped generate revenue. Thus, recognizing an allowance for doubtful debts for the year resulting from sales would satisfy that principle.

Explanation:

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