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erastova [34]
3 years ago
6

Suppose the following items were taken from the December 31, 2017, assets section of the Boeing Company balance sheet. (All doll

ars are in millions.)
Inventory $16,933
Patents $12,528
Notes receivable—due after December 31, 2018 5,466
Buildings 21,579 Notes receivable—due before December 31, 2018 368
Cash 9,215
Accumulated depreciation—buildings 12,795
Accounts receivable 5,785
Debt investments (short term) 2,008
Required:
1. Prepare the assets section of a classified balance sheet, listing the current assets in order of their liquidity.
Business
1 answer:
saul85 [17]3 years ago
6 0

Answer:

Inventory $16,933

Notes receivable—due before December 31, 2018 368

Debt investments (short term) 2,008

Accounts receivable 5,785

Cash 9,215

Explanation:

Current Assets Section consists of Asset items that can be converted into cash within the period of 12 months.

Conversion happens in order of liquidity. Which means how much cash can be realized from conversion of a non-monetary asset in short term.

The order is given as <em>below</em>:

Inventory $16,933

Notes receivable—due before December 31, 2018 368

Debt investments (short term) 2,008

Accounts receivable 5,785

Cash 9,215

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anwser Write a sentence that gives the name of the second web page you visited and one fact about  your career you learned there. Write another sentence about how you knew the website was trustworthy.The second website I chose was. The military was something I’ve always thought about joining and I felt like this was the branch to go with. One fact I learned while on their website was that the Marines were the first to enter battle when war is in effect.It’s obvious that the website was trust worthy since, well, it was the Marines’ website. Write a sentence that gives the name of the third web page you visited and one fact about your career you learned there. Write another sentence about how you knew the website was trustworthy.The last website I chose for this assignment was. I’ve always been good at coming up with my own voices and impressions and this website helps find you auditions for roles. This website has been around since 2009 and it’s still growing. Oneite resting fact I learned about voice acting is that it’s not as easy as it seems to act AND to find roles. One way I found out that the website was trustworthy was that famous voice actors use this website as well, such as Sean Schemmel or Chris Sabbat.

Explanation:

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5 0
3 years ago
Chester's balance sheet has $77,842,000 in equity. Further, the company is expecting net income of 3,000,000 next year, and also
SashulF [63]

Answer:

$84,842,000

Explanation:

The book value is total assets less total liabilities

Book value = initial equity + equity issued + net income

$77,842,000 + $4,000,000 + $3,000,000 = $84,842,000

8 0
3 years ago
Imagine that in 2019 the economy is in long-run equilibrium. Then stock prices rise more than expected and stay high for some ti
V125BC [204]

In the short-run, the effect on the price level and the real GDP is <em>a. Both the </em><em>price level </em><em>and </em><em>real GDP </em><em>rise.</em>

Since the economy is in long-run equilibrium in 2019, and the stock prices unexpectedly rise and stay high for a long time, it means that the price level does not:

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  • Fall while the real GDP rises
  • Fall with the real GDP.

<u>Question Options</u>:

a. both the price level and real GDP rise.

b. the price level rises and real GDP falls.

c. the price level falls and real GDP rises.

d. both the price level and real GDP fall.

Thus, in the short-term of this economy both the price level and real GDP rise.

Learn more: brainly.com/question/13029724

6 0
3 years ago
jet costs and is expected to fly miles during its ​-year life. Residual value is expected to be zero because the plane was used
KiRa [710]

Answer: c. $3,960,000‬

Explanation:

Using the units-of-production method of depreciation, depreciation is done per unit used.

With a residual value of zero, the formula is;

= Cost x Millage used / Useful life mileage

= 55,000,000 x 36,000,000/500,000,000

= $3,960,000‬

4 0
4 years ago
BK Trucking has total equity of $25,380 and 1,500 shares outstanding.Its stock is currently selling at $38 per share. What is th
rjkz [21]

Answer:

2.25 times

Explanation:

The computation of the market-to-book ratio is shown below:

Market to book ratio = (Market price per share) ÷ (book value per share)

where,

Market price per share = $38 per share

And, the book value per share

= Total equity ÷ outstanding shares

= $25,380 ÷ 1,500 shares

= $16.92

So, the market to book ratio would be

= $38÷ $16.92

= 2.25 times

6 0
3 years ago
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