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Sidana [21]
2 years ago
8

The Don't Bite Me Pest Control Company has 11,900 gallons of insecticide supplies on hand that cost $357,000; a bill from the ve

ndor for $290,000 of these supplies has not yet been paid. The company expects to earn $819,000 for its services when it uses the insecticide supplies. The company’s balance sheet would include an asset, Supplies, in the amount of:
Business
1 answer:
Nezavi [6.7K]2 years ago
6 0

Answer:

$357,000

Explanation:

The stock of gallons of insecticide would be valued at the lower of cost or net realizable value.

The cost here is $357,000 when compared to net realizable amount of $819,000,the cost is lower,hence the stock of the insecticide would be shown in the balance sheet as an asset,supplies ,in the amount of $357,000

The supplies would an a current asset in the balance sheet,hence when it is used supplies would be credited while supplies expense is debited

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EASY!! Please help!! 25 points
aniked [119]

Answer:

Corporation

Explanation:

3 0
2 years ago
Dj, inc., has net working capital of $2,170, current liabilities of $4,590, and inventory of $3,860.
jenyasd209 [6]

The above answer can be explained as under -

Given,

Current Liabilities =  $ 4,590

Net working capital = $ 2,170

So, the current assets will be calculated as under -

Net working capital = Current assets - Current liabilities

$ 2,170 = Current assets - $ 4,590

Current assets =  $ 2,170  + $ 4,590

Current assets = $ 6,760

The liquid or quick assets will be calculated as -

Current assets - Inventory = Quick assets

Quick assets = $ 6,760 - $ 3,860

Quick assets = $ 2,900.

Now,

1. Current ratio = \frac{Current assets }{Current Liabilities}

Current ratio = \frac{$ 6,760 }{$ 4,590} = 1.47

2. Quick ratio = \frac{Quick assets }{Current Liabilities}

Quick ratio = \frac{$ 2,900 }{$ 4,590} = 0.63

6 0
3 years ago
Read 2 more answers
The recognition of the need for organizations to improve the state of people, the planet, and profit simultaneously if they are
romanna [79]

Answer:

The need for organisations (which may be governmental or non-governmental) to improve the condition of living of people and protect their environment whilst they pursue increased profitability has been termed

The Triple Bottomline.

It is also referred to by economists as the 3P - People, Planet and Profit.

It speaks to the fact that other than the usual making financial success the sole metric of measurement by which organisations are evaluated, their impact on people and the environment should be considered as well.

In simple terms, a firm should be termed more successful than others if it's activities besides being profitable also impacts positively on people and protects if not improves the environment.

Cheers!

7 0
3 years ago
If Ana considers cake a substitute for Top Ramen noodles, and her quantity demanded for Top Ramen goes from 30 to 40 packets eve
kondaur [170]

Answer:

$0.35

Explanation:

The computation of the price elasticity of demand using mid point formula is shown below:

= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)

So, Change in quantity demanded would be

= Q2 - Q1

= 40 - 30

= 10

Now, Average of quantity demanded

= (40 + 30) ÷ 2

= 35

Change in price

= P2 - P1

= $35 - $15

= $20

And, the average of price would be

= ($35 + $15) ÷ 2

= $25

Cross price elasticity of demand = (10 ÷ 35) ÷ ($20 ÷ $25)

= 0.28 ÷ $0.8

= $0.35

5 0
3 years ago
The presence of formal labor organizations in the united states dates back to the
ivann1987 [24]
HEY THERE. 

THE CORRECT ANSWER IS <span>The presence of formal labor organizations in the united states dates back to the LATE 1700S 

HOPE IT HELPS THANK YOU :)
</span>
6 0
3 years ago
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