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nexus9112 [7]
3 years ago
15

If HHC has $1,900 cash, $500 of government Treasury bills purchased four months ago, $930 of cash set aside for its workers' com

pensation insurance, how much will the company report on the balance sheet as "Cash and Cash Equivalents"?

Business
1 answer:
yarga [219]3 years ago
8 0

Cash is the real money that we have while cash equivalents are instruments that can be turn to cash quickly. They are very liquid.

Treasury bills are cash equivalents. They are very liquid and can be converted into cash quickly. They are instruments in the money market.

Going by this above explanation, the Cash and Cash Equivalents that will be reported on the balance sheet are:

Cash --------------------------------------- $1,900

Treasury bills purchased--------------$500

Total-------------------------------------------<u>$2,400</u>

<u></u>

$2,400 will be reported as Cash and Cash Equivalents on the balance sheet.

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Policies based on ABC analysis might include investing __________.A. extra care in forecasting for C items. B. more in supplier
Ilia_Sergeevich [38]

Answer:

Correct option is B

more in supplier development for A items.

Explanation:

In materials management, the ABC analysis is an inventory categorization technique. ABC analysis divides an inventory into three categories—"A items" with very tight control and accurate records, "B items" with less tightly controlled and good records, and "C items" with the simplest controls possible and minimal records.

The ABC analysis provides a mechanism for identifying items that will have a significant impact on overall inventory cost, while also providing a mechanism for identifying different categories of stock that will require different management and controls.

6 0
3 years ago
If no fixed duration of the partnership is specified, the partnership is a partnership in perpetuity, which means that the partn
arsen [322]

The answer is b. false.

In the absence of a partnership agreement on fixed duration, the Partnership Act 1890 may apply.

<span>Under the Act, a partnership will be automatically dissolved  if: a partner dies</span>

<span>·         </span>a partner becomes bankrupt;

<span>·         </span>the court orders it to be dissolved;

<span>·         </span>it's illegal to carry on the business of the partnership;

<span>·         </span><span>the partnership was created meet a goal and this  specific objective or the project is complete; or</span>

<span>a partner gives notice to dissolve the partnership to the other partners. The </span>
7 0
3 years ago
A Canadian subsidiary of a U.S. parent firm is instructed to bill an export to the parent in U.S. dollars. The Canadian subsidia
Kaylis [27]

Answer:

10% foreign exchange loss on the U.S. dollar accounts receivable

Explanation:

Based on the information provided within the question it can be said that in this example the Canadian subsidiary will record​ a 10% foreign exchange loss on the U.S. dollar accounts receivable. That is because as the Canadian dollar has appreciated​ 10% against the U.S. dollar, it means that it has lost 10% of it's buying power due to its foreign exchange price change, thus resulting in a loss which needs to be recorded.

4 0
3 years ago
Under MACRS, the salvage value ____ is
tankabanditka [31]

Answer:

C. Ignored

Explanation:

Marcs is a tax depreciation system that helps to determine the actual cost of an asset by depreciating it yearly. There are many aspects of this technique that allows recovering the cost basis of various assets. In MACRS salvage value is completely ignored. This technique allows the measurement of the cost of an asset by completely ignoring the salvage value.

5 0
2 years ago
A company works 320 days per year and has an annual demand of 2080 units of product desires to set an reorder point that will co
melisa1 [442]

Answer:

reorder point= 39 units

Explanation:

given data:

Annual demand = 2240 units.

No of days = 320

lead time is 4 working days

As we know,

Reorder point= Lead time demand + Safety stock

Lead time demand = Average daily usage * lead time

Average daily usage = \frac{Annual demand}{No of days operating in year }

average  Daily usage = \frac{2080}{320}= 6.5 units per day.

Lead time demand = 6.5* 4 = 26 units.

Safety stock = 2 days of average demand

= 2*6.5 = 13 units.

Hence reorder point= 26 + 13= 39 units.

4 0
3 years ago
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