1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mila [183]
4 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]4 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>

You might be interested in
Paul subscribes to an Internet service that alerts him whenever other firms in his industry are quoted in the media. This allows
Natalka [10]
<h2>Paul is using this type of marketing research primarily to <u>monitor his competitors</u></h2>

Explanation:

One way the industry gets success is by keeping track of the activities of their competitors. One must stay updated about their industry and competitors to get the top position and to stay on top position for longer duration.

Now it is internet world, so, the internet allows the user to enable notification to keep the user updated. So in the same way Paul uses the technology in a right way to stay updated and to"monitor his competitors".

7 0
3 years ago
Organized activities by consumers, businesses, and government agencies working together to achieve common goals is called _[blan
Dovator [93]

It's called consumerism

8 0
4 years ago
What are two examples of barriers to entry in the magazine market?
Leni [432]
20 = 23+124 ? mab

lasllasldadssgs

ye
8 0
3 years ago
These graphs represent the price and output quantities of purses under perfect competition and monopoly. How much more or less w
Anit [1.1K]
From the graphs presented for both the perfect competition and monopoly, the price for 5 purses in perfect competition is $30 and that in the monopoly is $50. The price is obviously lower in the perfect competition than in monopoly by $20. Thus, the answer would be letter C. 
7 0
3 years ago
Read 2 more answers
An advantage of using "negotiated" transfer prices is: A. Both the selling and buying units have complete information about cost
madreJ [45]

Answer:

The correct option is A,both the selling and buying units have complete information about costs.

Explanation:

A negotiated transfer price is a price agreed between the selling and buying divisions having considered factors such the external purchase price,the opportunity costs of selling internally and externally ,whether or not there is surplus capacity and may more.

Negotiated transfer price is fairer to both divisions as opposed to a transfer price imposed by management which could result in  low morale in the buying or selling division depending on whether the price was set too high or too low.

7 0
3 years ago
Other questions:
  • Barbara Muller Services (BMS) pays its employees monthly. The payroll information listed below is for January 2021, the first mo
    15·1 answer
  • Who said "to be cheerful act as if cheerfulness were already there."?
    11·1 answer
  • PLEASE HURRY!!!!!!
    14·2 answers
  • Hutchins Company had​ 200,000 shares of common​ stock, 50,000 shares of convertible preferred​ stock, and​ $2,000,000 of​ 10% co
    13·1 answer
  • A cost that contains both fixed and variable elements is referred to as a:
    6·1 answer
  • Independent contractors should purchase __________ liability insurance, which provides protection from liability as a result of
    14·1 answer
  • 5. The role of brand names and advertising. Which of the following statements about expenditures on advertising is true?
    7·1 answer
  • Sales taxes, income taxes, and motor fuel taxes are examples of which class of nonexchange transactions
    6·1 answer
  • We try to determine if we can use educational background, interests, and gender to see if an individual's annual income differs
    10·1 answer
  • A firm reports net income of $456,325.00 for 2013. The firm has a dividend payout ratio of 20.00%. The firm currently has $994,0
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!