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tresset_1 [31]
2 years ago
15

se the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $31,226 Accoun

ts receivable 74,596 Accrued liabilities 6,107 Cash 16,106 Intangible assets 37,163 Inventory 77,040 Long-term investments 111,639 Long-term liabilities 77,178 Marketable securities 37,992 Notes payable (short-term) 27,180 Property, plant, and equipment 600,033 Prepaid expenses 1,755 Based on the data for Harding Company, what is the amount of quick assets
Business
1 answer:
Alex777 [14]2 years ago
8 0

Based on the information given the amount of quick assets is $128,694.

Using this formula

Quick assets = Cash + Marketable securities  + Accounts receivable

Where:

Cash=$16,106

Marketable securities=$37,992

Accounts receivable=$74,596

Let plug in the formula

Quick assets =$16,106  + $37,992+ $74,596

Quick assets  = $128,694

Inconclusion the amount of quick assets is $128,694.

Learn more about quick assets here:brainly.com/question/11209470

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Answer:

option (b) $69,768

Explanation:

Data provided in question:

Estimated manufacturing overhead = $73,440

Estimated machine-hours = 1,800

Actual manufacturing overhead = $68,700

Actual machine-hours = 1,710

now,

The predetermined overhead rate = \frac{\textup{Estimated manufacturing overhead}}{\textup{Estimated machine-hours}}

or

The predetermined overhead rate = \frac{\textup{73,440}}{\textup{1,800}}

or

The predetermined overhead rate = $40.8 per hour

Therefore,

The applied manufacturing overhead for the year

=  Actual machine-hours × predetermined overhead rate

= 1,710 × $40.8

= $69,768

Hence,

the correct answer is option (b) $69,768

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3 years ago
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<span>The largest cattle rancher in a given region will be unable to have a __________ when sufficient numbers of smaller cattle ranchers provide sources of competition.

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Maria has to choose between driving and taking a train to destination A. Travelling by train will cost her $400 and will take 4
dlinn [17]

Answer:

None of the options are correct

Explanation:

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= Cost + (Hours × Opportunity Cost)

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Savings = Train Cost - Driving Cost

= $460 - $340

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None of the options are correct as the she would save $120.

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Answer:

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Joey notices that people always compliment his Dad on the nice suits that he wears. His Dad owns a business in town. People alwa
liberstina [14]

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