Answer:
$131,000
Explanation:
The computation of the amount of quick assets is shown below:
Quick asset = Account Receivable + Cash + marketable securities
= $65,000 + $30,000 + $36,000
= $131,000
We simply added the account receivable, cash and the marketable securities so that the quick assets could come plus it contains more liquidity that converted into cash in a very short period of time and the rest of the items are ignored as there are not relevant
Answer:
a person who works at a full-service grocery store
The listing of the account names and the sum of the account balances is called a trial balance. All significant accounting items, including as assets, liabilities, equity, revenues, expenses, gains, and losses are tied to the accounts shown on a trial balance.
A trial balance is a financial report that displays the general ledger's closing balances for all accounts at a certain point in time. The first stage in closing the books at the conclusion of an accounting month is to create a trial balance. The trial balance is a financial report that includes the closing balances for all of the company's general ledgers.
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Answer:
= $19.57
Explanation:
Price of the stock (P0) = Div1 / (r-g)
Div1 = next year's dividend = $2.25
r = required return = 12.25% or 0.1225 as a decimal
g = growth rate = 0.75% or 0.0075 as a decimal
Next, plug in the numbers to the formula;
Price (P0) = 2.25/ (0.1225 -0.0075)
Price (P0) = 2.25 / 0.115
= $19.57
Answer:
(-$1,250) over applied for the period
Explanation:
Predetermined overhead rate:
= budgeted overhead ÷ budgeted volume
= $465,500 ÷ 49,000
= $9.5
Overhead cost with 43,500 hours incurred, they have applied
:
= Actual machine-hours × Predetermined overhead rate
= 43,500 × 9.5
= $413,250
They actually incurred $412,000 of overhead cost for the period so they have
:
= Actual overhead - Overhead cost with 43,500 hours
= $412,000 - $413,250
= (-$1,250) over applied for the period.