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Artemon [7]
3 years ago
10

A new accountant at Marin Inc. is trying to identify which of the amounts shown below should be reported as the current asset "C

ash and cash equivalents" in the year-end balance sheet, as of April 30, 2017.1. $54 of currency and coin in a locked box used for incidental cash transactions.2. A $10,300 U.S. Treasury bill, due May 31, 2017.3. $260 of April-dated checks that Marin has received from customers but not yet deposited.4. An $80 check received from a customer in payment of its April account, but postdated to May 1.5. $2,880 in the company’s checking account.6. $5,730 in its savings account.7. $54 of prepaid postage in its postage meter.8. A $24 IOU from the company receptionist.What balance should Marin report as its "Cash and cash equivalents" balance at April 30, 2017?
Business
1 answer:
uysha [10]3 years ago
3 0

Answer: $19,224

Explanation:

The amounts that are reported as the current assets "cash and cash equivalents" as follows:

Currency = $54

U.S. Treasury bill = $10,300

April checks = $260

Checking account = $2,880

Savings account = $5,730

Therefore,

Cash and cash equivalents balance at April 30, 2017:

= $54 + $10,300 + $260 + $2,880 + $5,730

= $19,224

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It would be 764 have a good day bye
7 0
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In what ways do people cope with the problem of scarcity (5 sentence)​
lianna [129]

There are three ways to cope up with the problem  of scarcity:

a. Economic growth.

b. Improvement of use  of available resources.

c. Reduction of wants.

Explanation: Economic growth mean the ability if an economy to produces products and services. Using the products wisely can improve the usage and  helps in saving the resources. Society can improve the use their existing or available resources in order to reduce the scarcity by: Efficiency in productivity, efficient allocation of resources, full employment  with minimum wastage and equity.



7 0
3 years ago
In the economy of Talikastan in 2015, consumption was $5300, GDP was $8800, government purchases were $1800, imports were $600,
stepladder [879]

Answer:

Talikastan's exports in 2015 is $ 300.

Explanation:

This question requires us to calculate export of Talikastan. We can easily determine export by putting value in the equation use for calculating gross domestic production of a country.

GDP  = consumption + investment +  spending + (exports – imports)

8800 = 5300 + 2000 + 1800 + export - 600

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3 0
3 years ago
Quickbrush Paint Company is developing a linear program to determine the optimal quantities of ingredient A and ingredient B to
Sonbull [250]

Answer:

A. 0.9x + 0.3y ≤ 10,000

Explanation:

Given

x \to oil based plant

y \to water based plant

The data can be represented in tabular form as:

\begin{array}{ccc}{} & {A} & {B}  & {x} & {90\%} & {10\%}  & {y} & {30\%} & {70\%} & {} & {10000} & {5000}\ \end{array}

Considering only A, we have the following constraints:

A \to 90\% * x + 30\% * y

A \to 0.9x + 0.3y

Since the company currently has 10000 of A.

The above constraint implies that, the mixture cannot exceed 10000.

So, we have:

A \to 0.9x + 0.3y \le 10000

<em>Hence, (A) is correct</em>

4 0
3 years ago
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egoroff_w [7]

Levels of cyclical unemployment will rise.

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Unanswered levels of structural unemployment are likely to rise as businesses look for specific types of workers.

Answer: Options A, B and G.

<u>Explanation:</u>

In Economics, a recession is a business cycle constriction when there is a general decrease in monetary action. Downturns by and large happen when there is a far reaching drop in spending.

A recession happens when there are at least two back to back quarters of negative monetary development, which means GDP development contracts during a downturn. As organizations battle with less money and income, they first attempt to lessen their expenses by bringing compensation or stopping down to procure new specialists, which can stop business development.

6 0
3 years ago
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