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Alex_Xolod [135]
3 years ago
11

Janson Corporation Co.'s trial balance included the following account balances at December 31, 2021: Accounts receivable $14,000

Inventory 40,000 Patent 12,800 Investments 30,800 Prepaid insurance 7,300 Notes receivable, due 2024 50,900 Investments consist of treasury bills that were purchased in November, 2021, and mature in January, 2022. Prepaid insurance is for two years. What amount should be included in the current assets section of Janson’s December 31, 2021, balance sheet?
Business
1 answer:
11111nata11111 [884]3 years ago
6 0

Answer:

$88,450 should be included in the current assets section of Janson’s December 31, 2021, balance sheet

Explanation:

Current Assets: The current assets are those assets which are converted into cash within one year.

Examples - Accounts receivable, inventory, prepaid insurance, cash, etc.

The computation of the total current assets is shown below:

= Accounts receivable + Inventory + Prepaid insurance + Short term investment

= $14,000 + $40,000 + $3,650 + $30,800

= $88,450

The amount of prepaid insurance which is given in the question is for two years. We have to compute for one year so we divide the total amount by number of years

= $7,300 ÷ 2 years

= $3,650

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The answer is A. A Self employed person

Explanation:

An entrepreneur is a creative and innovative individual that generates idea and new invention and takes risk relating to a business  entity with the hope that it will yield profit.

An entrepreneur manages a business enterprise with usually considerable initiative or risk. Entrepreneurs are self employed  and own their business enterprise and bring new products and services to the market by seizing opportunities.

From the explanation of who an entrepreneur is the best possible option is A. A Self employed person      

6 0
3 years ago
On July 8, Action Co. issued a $70,000, 6%, 120-day note payable to Scanlon Co. Assuming a 360-day year, what information is nee
nirvana33 [79]

Answer:

c.The face value ($70,000), interest rate (6%), and term (120 days) are needed to calculate the maturity value of the note.

Explanation:

maturity value = face value + interest

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             = $70,000*6%*120/360

             = 1400

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maturity value = 70,000 + 1400

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4 0
3 years ago
Interdepartmental politics is a major problem with __________________ communication.
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Answer:

Interdepartmental politics is a major problem with <u>horizontal </u>communication.

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6 0
3 years ago
Deadweight losses occur when the quantity of an output produced is:
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Deadweight losses occur when the quantity of an output produced is: ... Less than or greater than the competitive equilibrium quantity. Such that the marginal benefit of the output is just equal to the marginal cost.
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2 years ago
CAPM and Valuation. You are considering acquiring a firm that you believe can generate expected cash flows of $10,000 a year for
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Answer:

The value of the firm or worth of the firm is $147058.82 rounded off to 2 decimal places

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We first need to calculate the required rate of return for this firm that will be used as the discount rate in the valuation of the firm using the discounted cash flow methods.

Using the CAPM we can calculate the required rate of return as,

r = rRF + Beta * (rM - rRF)

Where,

  • rRF is the risk free rate
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So,

r = 0.04 + 0.4 * (0.11 - 0.04)

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As the cash flows the firm can generate are expected to remain constant through out and they are generated after equal interval of time, this can be treated as a perpetuity.

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