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arlik [135]
2 years ago
9

Vaughn Manufacturing has the following items at year-end:

Business
1 answer:
Amiraneli [1.4K]2 years ago
5 0

Answer:

$37,100

Explanation:

Calculation for what Vaughn should report as cash and cash equivalents

Cash in bank $36,200

Petty cash 300

Short-term paper with maturity of 2 months 600

Cash and cash equivalents $37,100

Therefore Vaughn should report cash and cash equivalents of:$37,100

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We use the accounting equation to identify what a company owns and owes. _____ are resources a company owns or controls, _____ a
o-na [289]

Answer:

We use the accounting equation to identify what a company owns and owes. <u>Assets </u>are resources a company owns or controls, <u>Liabilities </u> are claims creditors have against a company’s assets, and <u>Equity </u>is the owner’s claim on a company’s assets.

Explanation:

The accounting equation reads as Assets = Liabilities plus Equity.

The accounting equation forms the basis for preparing the balance sheet and the double-entry accounting system. When well prepared, the assets side should balance with liabilities and equity.

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2 years ago
Handy Home sells windows and doors in the ratio of 8:2 (windows:doors).
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Answer:

A. selling price per composite unit,

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3 years ago
A statistic is said to be unbiased if:
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B. The mean of its sampling distribution is equal to the true value of the parameter being estimated
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A service is usually offered as part of a bundled package of services with a core service and one or more ____ services.suppleme
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Answer:

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A supplementary service can be said to be an added service to an original service package.

That is, a supplementary service can be said to be an extra service or services that is embedded in a whole service.

For example, when you go to a tech store to have your hard drive replaced, a supplementary service such as general cleaning and routine check of your computer is included in the hard drive replacement service.

The main or core service is hard drive replacement while the supplementary service includes cleaning and routine check of other computer components.

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4 0
3 years ago
Which of the following items is not a current liability?
Nuetrik [128]
The right answer is none of the above, its Bonds payable.
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