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kifflom [539]
3 years ago
12

Pfister Corporation has Long-term Assets of $485,000, Current Liabilities of $150,000, Long-term Liabilities of $220,000 and Own

ers' Equity of $320,000. Compute Current Assets.
Business
1 answer:
Stels [109]3 years ago
3 0

Answer:

$205,000

Explanation:

Total liabilities=current liabilities+long-term liabilities

total liabilities=$150,000+$220,000

total liabilities=$370,000

total owners'equity plus liabilities=$320,000+$370,000=$690,000

long-term assets+current assets=liabilities+owners'equity

long-term assets=$485,000

current assets are unknown

liabilities+owners'equity=$690,000

let CA represent current assets

$485,000+CA=$690,000

CA=$690,000-$485,000

CA=$205,000

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1 year ago
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3 years ago
To balance columns, a _____ is inserted at the end of the text on a page.
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3 0
3 years ago
If an application asks you to indicate a salary range, you should
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What to Put for Desired Salary on Job Applications. The best way to answer desired salary or salary expectations on a job application is to leave the field blank or write 'Negotiable' rather than providing a number. If the application won't accept non-numerical text, then enter “999,” or “000”.

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4 0
3 years ago
ABC, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $1,500 and
spin [16.1K]

Answer: Option (d) is correct.

Explanation:

Amount paid for candy = $1,500

Items received = 8,500 pieces of candy

Group 1 =  2,500 pieces

Selling price = $0.15 each

sale value = pieces sold × Selling price

                 = 2,500 ×  $0.15 each

                 = $375

Group 2 = 5,500 pieces

Selling price = $0.36 each

sale value = pieces sold × Selling price

                 = 5,500 ×  $0.36 each

                 = $1,980

Group 3 = 500 pieces

Selling price = $0.72 each

sale value = pieces sold × Selling price

                 = 500 ×  $0.72 each

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Total sale value = $375 + $1,980 + $360

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Percentage\ of\ sale\ in\ Group\ 2=\frac{Sale\ value}{Total\ sale\ value}\times 100

Percentage\ of\ sale\ in\ Group\ 2=\frac{1,980}{2,715}\times 100

= 72.92%

Proportion of cost for Group 2 = cost × Percentage of sale in Group 2

                                                   = $1,500 × 72.92%

                                                   = $1,093.8

cost\ per\ unit= \frac{cost}{total\ units}

cost\ per\ unit= \frac{1,093.8}{5,500}

= $0.1988

= $0.20(approx)

4 0
3 years ago
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