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Mila [183]
3 years ago
13

Waterway Company has recorded the following items in its financial records. Cash in bank $51,500 Cash in plant expansion fund 11

0,400 Cash on hand 14,500 Highly liquid investments 38,700 Petty cash 550 Receivables from customers 91,100 Stock investments 69,100 The highly liquid investments had maturities of 3 months or less when they were purchased. The stock investments will be sold in the next 6 to 12 months. The plant expansion project will begin in 3 years. (a) What amount should Waterway report as "Cash and cash equivalents" on its balance sheet? Cash and cash equivalents $\
Business
1 answer:
marin [14]3 years ago
4 0

Answer:

$105,250

Explanation:

Cash and cash equivalent are the most liquid asset of the company. In order for an asset to be classified as cash and cash equivalent, the instrument shoud be readily convertible in to cash and there is no significant risk of change in value. Waterway Company's recorded items that can be classified as cash and cash equivalents are as follows;

Cash in bank                       $51,500

Cash on hand                        14,500

Highly liquid investments     38,700

Petty cash                              <u>     550</u>

Total                                   $105,250

<em>*Cash in expansion fund is set aside for future use. Hence, it is not readily available for company's needs.</em>

<em>*Receivables from customer has significant risk of not being collected.</em>

<em>*Stock investments is not readily convertible into cash</em>

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J.P. Morgan Chase &amp; Company wanted to hire the children of prominent Chinese officials. Considering legal and ethical standa
Elina [12.6K]

Answer:

The interviewer should structure the interview in a way that helps him find out:

  1. Whether the applicants hold parallel job positions in China, and if they do, whether those parallel positions conflict with corporate standards, and general federal law.
  2. Whether the applicants understand the basics of US ethical standards (and J.P. Morgan standards), and US law so that they have a general and reasonable idea of what actions are forbbiden under American codes.
  3. Whether the applicants itend to engage in financial transactions with Chinese officials, and whether the money that would be used would come from J.P. Morgan or not.
  4. This might sound overboard, but as the applicants come from a country that is known to engage in spying, intellectual property stealing, and general involvement with internal issues in other countries, the interviewer should try to ask probing questions to find out if the applicants are some sort of spies or not.

7 0
2 years ago
At a price of $1.00, a local coffee shop is willing to supply 100 cinnamon rolls per day. At a price of $1.20, the coffee shop w
Julli [10]

Answer:

2.2

Explanation:

The formula for calculating price elasticity using the midpoint method is:

midpoint method = {(Q2 - Q1) / [(Q2 + Q1) / 2]} / {(P2 - P1) / [(P2 + P1) / 2]}

midpoint method = {(150 - 100) / [(150 + 100) / 2]} / {(1.20 - 1) / [(1.20 + 1) / 2]}

midpoint method = [50 / (250 / 2)] / [0.20 / (2.20 / 2)] = (50 / 125) / (0.20 / 1.1)  

midpoint method = 0.4 / 0.19 = 2.2

The advantage of using the midpoint method to calculate price elasticity is that we can calculate the price elasticity between two points, and it doesn't matter if the price increases or decreases.

If we calculate price elasticity using the single point formula:

price elasticity = % change in quantity supplied / % change in price = 50% / 20% = 2.5

7 0
3 years ago
horizontal integration through m&amp;a can help firms strengthen their competitive position by increasing the differentiation of
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Increased Differentiation is competitive position by increasing the differentiation of their product and service offerings.

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The key characteristic(s) that set one company's goods or services apart from those of its rivals are referred to as that company's products. Successful product diversification increases sales and customer loyalty.

A product differentiation strategy includes identifying and outlining a company's or product's distinctive features as well as the most critical distinctions between it and its rivals. Creating a strong value proposition and unique selling concept for a product or service is essential to making it appealing to a target market or audience.

If done successfully, product diversification might provide the product's seller a competitive edge and eventually increase brand recognition. The quickest high-speed Internet connection and the most cost-effective electric car on the market are two instances of different commodities.

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4 0
1 year ago
The regular selling price of a computer desk is $329.99. The markdown rate is 40%. What is the sale price? $197.99
krok68 [10]
A. $197.99

First you subtract 40% from 329.99

So,

329.99-40%=

40% of 329.99 is $131.99

329.99-131.99= 197.99
4 0
3 years ago
A random experiment with three outcomes has been repeated 50 times, and it was learned that E1 occurred 20 times, E2 occurred 13
enot [183]

Answer:

P(E1)=\frac{20}{50}=0.4

P(E2)=\frac{13}{50}=0.26

P(E3)=\frac{13}{50}=0.34

I used the relative frequency method

Explanation:

To solve this question we can use the relative frequency to find out each probability. The relative frequency is the ratio of the occurrence of each event and the total number of outcomes.

Here the experiment has been repeated 50 times, so that is the total number of outcomes and the denominator. There are 3 possible events E1, E2, and E3, so we can calculate the ratios to get the probabilities

Event E1 occurred 20 times of the 50: P(E1)=\frac{20}{50}

Event E2 occurred 13 times of the 50: P(E2)=\frac{13}{50}

Event E3 occurred 17 times of the 50: P(E3)=\frac{17}{50}

8 0
3 years ago
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