Answer:
$88,450 should be included in the current assets section of Janson’s December 31, 2021, balance sheet
Explanation:
Current Assets: The current assets are those assets which are converted into cash within one year.
Examples - Accounts receivable, inventory, prepaid insurance, cash, etc.
The computation of the total current assets is shown below:
= Accounts receivable + Inventory + Prepaid insurance + Short term investment
= $14,000 + $40,000 + $3,650 + $30,800
= $88,450
The amount of prepaid insurance which is given in the question is for two years. We have to compute for one year so we divide the total amount by number of years
= $7,300 ÷ 2 years
= $3,650
Answer:
fight for the same benefit or gain
Explanation:
For example, if there are two firms in an industry. The goal of the two firms would be to maximise profit. To achieve this, the two firms would engage in various competitions in order to attract customers.
For example, they may differentiate their products or give discounts in order to attract customers and so increase profits
Answer:
UVC wants to standardize to ensure that workflow order is guaranteed to the same each time. The feature that can be used to accomplish this is:
(A) Lightning Process Builder
(D) Visual Workflow
Explanation:
- Lightning Process Builder is such a tool in workflow that allows your company without writing any line of code to easily automate the processes involved in the business like customer on-boarding. So UVC can use this feature to accomplish their goal.
- Visual Workflow is such a tool that works which gives you drag and drop features in the workflow. They are more user-friendly due to their visualization feature so this feature can be used by the UVC.
- The option B and C are not correct as they are not the good options as compared to other features as Workflow is not efficient as compared to Visual Workflow.
Answer:
$62,400
Explanation:
Assets are Economic resources controlled by the entity as a result of past events from which cash is expected to flow into the business.
Assets include the following Amounts:
Cash from Bank Note $20,000
Cash from Stock Issues $40,000
Supplies Inventory $4,000
Payment for Supplies ($1,600)
Total Available Assets $62,400
