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KIM [24]
3 years ago
9

A partial list of Waterways' accounts and their balances for the month of November 2016 follows:

Business
1 answer:
lesya [120]3 years ago
4 0

Answer:

Total current assets = $697,750

Explanation:

The partial balance sheet is as follows:

Waterways Corporation

Balance Sheet (Partial)

For the month of November 2016

<u>Details                                                                $                         $          </u>

<u>Current Assets</u>

Cash                                                           260,000

Accounts Receivable                                 275,000

Finished Goods Inventory, November       68,800

Raw Materials Inventory, November          52,700

Prepaid Expenses                                    <u>    41,250  </u>

Total current assets                                                              697,750

Note:

Cash is the most liquid of assets.

Accounts receivable which should be collected within 30 to 60 days are less liquid than cash, but more liquid than inventory.

Finished Goods Inventory which is expected to be sold and converted to cash within one year, and Raw Materials Inventory which is expected to be converted to finished good within one year are more liquid than Prepaid expense.

Therefore, the least liquid among current assets’ item above is the Prepaid Expense as it is cash paid for services not yet received..

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IRISSAK [1]

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Hope this helps you :)

8 0
3 years ago
Upon arrival at the international airport in the country of Canteberry, Charles Alt exchanged $200 of U.S. currency 1,000 florin
cricket20 [7]

Answer:

Explanation:

Here's the answer!! Hope this helped...

7 0
3 years ago
2.<br>Is marketing always appropriate for political candidates? Why or why not?<br>​
Tpy6a [65]

Answer:

Yes, marketing always appropriate for political candidates.

Explanation:

Yes, marketing always appropriates for political candidates.

Political marketing is the process by which ideas are shared with the voters to gain their support. In political campaigns, the candidate uses modern marketing techniques including marketing research and commercial advertising to maximize votes.

5 0
3 years ago
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evablogger [386]

Answer:

a corporation by estoppel or de facto corporation.

Explanation:

A corporation by estoppel is when a person has dealings with a company like it is a corporation. Doing business with an estoppel coporation means that one has admitted that company as a coporation.

From, the question above, it can be seen thta Estuary marina dealt with deepwater dredging company as a corporation and that means that Estuary marina has admitted to Deepwater dredging as a corporation.

As a result of Deepwater dredging company's failure to perform tthe contract, the court can only hold that Deepwater Dredging is a corporation by estoppel or de facto coporation.

Cheers.

3 0
3 years ago
The materials price and efficiency variances could be an indication that the company purchased less expensive ingredients of hig
Aleks04 [339]

Answer:

The answer to the question is False.

Explanation:

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Labor price variance is favourable if the actual cost of labor to the organisation fall below the budgeted amount.

The measure of expected output from a certain input of materials is referred to as material yield variance. Material yield variance is directly related to labour efficience variance.

A favorable labor price/material yield variance should result in faster work pace and lower of waste or rejects.

Therefore the above assertions are false.

Cheers!

3 0
3 years ago
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