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lianna [129]
2 years ago
7

Accounts payable $37,761 Accounts receivable 66,933 Accrued liabilities 6,965 Cash 21,705 Intangible assets 36,935 Inventory 75,

209 Long-term investments 99,977 Long-term liabilities 79,772 Marketable securities 32,396 Notes payable (short-term) 21,223 Property, plant, and equipment 675,470 Prepaid expenses 1,565 Based on the data for Privett Company, what is the amount of working capital? a.$1,010,190 b.$131,859 c.$197,808 d.$121,034
Business
1 answer:
Nesterboy [21]2 years ago
5 0

Answer:

b.$131,859

Explanation:

Current Assets=66,933+21,705+75,209+32,396+1,565=$197,808

Current Liabilities=37,761+6,965+21,223=$65,949

Working Capital=Current Assets=Current Liabilities

                          =$197,808-$65,949=$131,859

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The Crunchy Potato Chip Company sells chips in boxes with a net weight of 846 grams per box . Each box contains ten individual 3
Alinara [238K]

Answer:

0.8

Explanation:

Given:

Number of chips contained in each box = 10

Weight of each packet of chips = 3 ounce

Average weight per box = 853 grams

Upper specification limit of the weight = 846 + 12 grams = 858 grams

Lower specification limit of the weight = 846 - 12 grams = 834 grams

Standard deviation, σ = 5 grams

Now,

Capability index = \frac{\textup{Upper limit - Lower limit}}{6\sigma}

or

Capability index = \frac{858 - 834}{6\times5}

or

Capability index = 0.8

7 0
3 years ago
The following refers to units processed by a breakfast cereal maker in August. Compute the total equivalent units of production
madam [21]

Answer:

Equivalent units of production= 746,000 units

Explanation:

Giving the following information:

Units completed 620,000 100%

Ending Work in Process 180,000 70%

<u>The weighted average method blends the costs and units of the previous period with the costs and units of the current period.</u>

<u></u>

Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production

Equivalent units of production= 620,000 + (180,000*0.7)

Equivalent units of production= 746,000 units

7 0
2 years ago
For what reason might someone decide to bring a civil law suit against a person or a business? What might the
Svetradugi [14.3K]

Answer:

The reason for a civil law suit can be almost any harm or wrongful act done to an individual or business, by another person or business entity. For example, a breach of most contracts can be considered as the reason for a civil law suit. Also, car accidents and misfortunes take a big share in civil law suits.

If a defendant loses in a civil law suit, he usually pays in dollars, as reimbursement for the harm done. Rarely, this results in actual time in prison (behind bars).

----------------------------------------------------------------

Usually, when harm or potential misunderstanding includes someone you know or work with, the first step is to try to settle things without court. Legal costs can become overwhelming, especially if the problem could be solved beforehand.

Also, the social and relationship aspect is extremely important. If you take a case to the court (especially if the reason is minor and could be potentially settled without the aid of legal entities), the relationship between you and the defendant will always have a hostile notion to it. That is a factor to take into consideration if the defendant is an acquaintance or co-worker.

7 0
3 years ago
Understand and explain the process of idea generation and validation
natita [175]

Answer:

Idea generation is the creative process or procedure that a company uses in order to figure out solutions to any number of difficult challenges. It involves coming up with many ideas in a group discussion, selecting the best idea or ideas, working to create a plan to implement the idea, and then actually taking that idea and putting it into practice. The idea can be tangible, something you can touch or see, or intangible, something symbolic or cultural.

Idea validation is the process of testing and validating your idea prior to launching your business name, tagline, product, service or website. This is like the research and development process big companies use to test product ideas before they’re released to the general public.

Idea validation can involve anything from information-gathering interviews to special landing pages on the web. The entire purpose is to expose the idea to your target audience before you build and release the final product.

4 0
2 years ago
he inventory of Coronado Company on December 31, 2020, consists of the following items. Part Quantity Cost per Unit Net Realizab
shusha [124]

Answer:

a. $410,749

b. $ 418,286

Explanation:

Given;

Part        Quantity    Cost per Unit      Net Realizable Value Carrying amount

110             620             $117.00                $123.00                     $117.00

111              920              $73.80                $64.00                     $64.00

112             530              $98.40                $93.00                     $93.00

113              190              $209.10               $221.40                   $209.10

120             370             $252.00              $256.00                  $252.00

121 a          1,700            $20.00                $1.00                        $1          

122             330              $295.20              $289.00                  $289.00

The cost or net realizable value of inventory requires that inventory should not be carried at an amount higher than the net realizable value. this is due to the fact that inventory is initially recognized by cost.

Applying the LCNRV method to each item Inventory as of December 31, 2020

= 620 * 117 + 920 * 64 + 530 * 93 + 190 * 209.10 + 370 * 252 + 1700 * 1 + 330 * 289

= $410,749

Applying the LCNRV method to the total of the inventory. Inventory as of December 31, 2020

= 620 * 117 + 920 * 73.8 + 530 * 98.4 + 190 * 209.10 + 370 * 252 + 1700 * 20 + 330 * 295.2

= $456,973

and

= 620 * 123 + 920 * 64 + 530 * 93 + 190 * 221.40 + 370 * 256 + 1700 * 1 + 330 * 289

= $ 418,286

3 0
3 years ago
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