Answer:
The correct answer is letter "C": Cash, marketable securities, and receivables.
Explanation:
The quick assets of a company can easily be converted into cash. Quick assets include <em>cash, account receivables, </em>and<em> marketable securities</em>, which are equity and debt securities that can be converted into cash within one year. To calculate the company's quick assets add its cash, account receivables, and marketable securities and subtract its inventory from that result.
Answer:
Christie 's share = $ 37759.09
Jergens Share = $ 47,441
Explanation:
Partner's Profit share are calculated after the deduction of salary or any other interest incomes.
Profit for the current year = $ 163,000
Christie' s Salary $ 69,000
Christie Interest Income $ 3900
10 % 0f $ 390,000
Jergens Interest Income $ 4900
10 % 0f $ 490,000
Profit Balance $ 85,200
Profit Sharing Ratio
Christie : Jergens
390,000: 490,000
39: 49
Christie 's share = $ 85,200 * 39/88= $ 37759.09
Jergens Share = $ 85,200 * 49/88= 47440.9= $ 47,441
Answer:
C
Explanation:
that makes sense more shdjdjjd
this isn't a question so unless you give me the original or whole question I'm not sure how to answer
Answer:
the amount deferred by tower as intra-entity gross profit: 3,240
Explanation:
120,000 sales with a cost of 66,000
remains at year-end:
24,000 with a cost of: 66,000/120,000 x 24,000 = 13,200
gross profit: 24,000 - 13,200 = 10,800
For this rgoss profit we are going to deferre the 30%;
10,800 x 30% = 3,240
