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2 years ago

A business would like to invest in a new product, but they are short on extra

1 answer:

7 0

Given the scenario described herein, one good solution for the business to invest in a new product when it is short on cash is B. Liquidate some inventory to increase cash flow.

In accounting, cash includes bills, coins, bank balances, money orders, and checks. Cash is the first item in most balance sheets, especially if the company is reporting liquidity. Cash happens to be the most liquid of all assets. Cash also includes cash equivalents, which are assets readily converted into cash.

Thus, the company does not need to raise prices, fire employees, or cut wages to raise cash. It can liquidate some inventory at lower prices if necessary.

Learn more about meeting cash requirements at brainly.com/question/735261

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Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost

arsen [322]

Answer:

A.Dr Materials 504,800

Cr Account payable 504,800

B.Dr Work in process 487,300

Dr Factory overhead 4500

Cr Materials 491,800

C.Fabric Ployester filling Lumber Glue

$29,400 $16,100 $30,400 $6,500

Explanation:

Entries for Materials Kingsford Furnishings

a) Journal entry

Fabric $96,600

Polyester filling 134,300

Lumber 264,700

Glue 9,200

Total 504,800

Dr Materials 504,800

Cr Account payable 504,800

b) Journal entry

Dr Work in process 487,300

(491,800-4500)

Dr Factory overhead 4500

Cr Materials 491,800

c) Calculation of the ending balance

Fabric Ployester filling Lumber Glue

Beginning balance

$19,100 5,700 42,800 1,800

Purchase

$96,600 134,300 264,700 9,200

Used

-$86,300 -$123,900 -$277,100 -$4,500

Ending balance

$29,400 $16,100 $30,400 $6,500

3 0

3 years ago

At the beginning of the year, Carson Company reported total current assets of $658,000 and total assets of $2,450,000. Carson re

ehidna [41]

Answer:

Total Asset Turnover: 2.2857

Explanation:

Total Assets

Begininng Balance 2,450,000

Ending Balance 2,800,000

Period activity 350,000

Sales: 6,000,000

Total Asset Turnover: Sales

Average Total Assets

6,000,000

( 2,450,000 + 2,800,000 ) / 2

6,000,000

2,625,000

2.2857

4 0

3 years ago

Indicate where each item should be presented in the statement of cash flows (indirect method) using these four major classificat

saw5 [17]

Answer:

a. Payment of interest on notes payable - Operating Activity

b. Exchange of land for patent - Non Cash investing activity

c. Sale of building at book value - Investing Activity

d. Payment of dividends - Financing Activity

e. Depreciation - Operating Activity

f. Receipt of interest on notes receivable - Operating Activity

g. Issuance of Capital Stock - Financing Activity

h. Amortization of patent - Operating Activity

i. Issuance of bonds for land - Non Cash investing activity

j. Purchase of land - Investing Activity

3 0

3 years ago

Suppose that Ariana consumes two goods, coffee and textbooks. Both are normal goods. Suppose the price of textbooks decreases, w

marta [7]

Answer:

The correct answer here would be option D) more of textbooks would be consumed and less of coffee would be consumed.

Explanation:

In economics, substitution effect refers to a situation where there is change in demand of one good in response to the change in price of other goods. Same situation is taking place here as now the price of textbooks have decreased , Ariana will now look to consume more of textbooks and less of coffee.

4 0

3 years ago

Read 2 more answers

______ are the assets, capabilities, processes, information, and knowledge that an organization uses to improve its effectivenes

MA_775_DIABLO [31]

Resources are the assets, capabilities, processes, information, and knowledge that an organization uses to improve it's effectiveness and efficiency, to create and sustain competitive advantage, and to fulfill a need or solve a problem.

4 0

3 years ago