Answer:
Tamarisk Corporation
Balance sheet as on December 31, 2017
Current Asset
Cash $34,700.
Accounts Receivable $119,100
Inventory $294,700
Prepaid Insurance <u>$9,510 </u>
Total Current Assets <u>$458,010</u>
Explanation:
Current assets are those asset which is liquidated within one year e.g cash, inventory etc.
Following accounts are the non current assets accounts, that is why these balances are not added in the current account section.
Allowance for Doubtful Accounts $9,780
Patents $74,800
Accounts Payable $82,500
Answer:
$218,000
Explanation:
Account receivable balance = Credit sales - Cash collection - Wrote-offs
Account receivable balance = $2,200,000 - $1,950,000 - $32,000
Account receivable balance = $218,000
So, the accounts receivable balance would Dinty report in its first year-end balance sheet is $218,000
Answer:
- FICA-social security taxes payable due in 40 days
- Portion of long term note due in 1 month
Explanation:
Current Liabilities refer to obligations owed in a 12 month period. Anything longer is classified as Long Term.
From the options listed the current liabilities will therefore be;
Sales Tax Payable which are the taxes that the government charges on goods and services and it is the responsibility of business to collect these and remit them to the Government on time. This is a current liability as these are remitted quite frequently.
The FICA social security taxes payable due in 40 days is also a current liability due its time period being less than a year.
A portion of a long term loan due in a month will be considered current also due to its time period.
I think C is the answer, however I am unsure.
The leadership style by someone who is status-conscious and procedure-oriented is self-protective.
<h3>What is
leadership style?</h3>
A leadership style means a leader's characteristic behaviors when the person is directing, motivating, guiding, and managing people.
According to the Project GLOBE study, a leader who is status-conscious and procedure-oriented displays is displaying a leadership style known as self-protective.
Learn more about leadership on:
brainly.com/question/12522775