Which of the following statements describes the most likely reason why

Ksenya-84 [330]

Answer:

Cash equivalents are the total value of cash on hand that includes items that are similar to cash; cash and cash equivalents must be current assets.

Explanation:

brainlist please

7 0

2 years ago

Read 2 more answers

. Intellus has long-term debt of $5 million, owners' equity of $7.5 million, current assets of $1 million, gross fixed assets of

stich3 [128]

Answer:

- $0.5 million

Explanation:

The computation of the net working capital is shown below:

We know that

Net working capital = Current assets - current liabilities

where,

Current assets = $1 million

The net fixed assets = Gross fixed assets - Accumulated depreciation

= $20 million - $7 million

= $13 million

Total assets = Current assets + net fixed assets

= $1 million + $13 million

= $14 million

And,

Total assets = Total liabilities + owners equity

$14 million = Total liabilities + $7.5 million

So, the total liabilities is

= $14 million - $7.5 million

= $6.5 million

Total liabilities = Current liabilities + long term debt

$6.5 million = Current liabilities + $5 million

So, Current liabilities is $1.5 million

Now the net working capital equal to

= $1 million - $1.5 million

= - $0.5 million

7 0

3 years ago

Purchasing-power parity holds between the nations of Ectenia and Wiknam, where the only commodity is Spam. a. In 2015, a can of

Y_Kistochka [10]

Answer:

the exchange rate between two different currency is 6 pesos per dollar

Explanation:

The computation of the exchange rate between two different currency is

= Unit cost of spam in Wiknam ÷ unit cost of spam in Ectenia

= 24 pesos ÷ 4 dollars

= 6 pesos per dollar

hence, the exchange rate between two different currency is 6 pesos per dollar

We simply applied the above formula so that the currency rate could come

And, the same is to be applied

5 0

3 years ago

Rank the following items from most liquid to least liquid:

Illusion [34]

5 Bill, Saving Account, US treasury Bond, google stock, Picasso Painting, House

3 0

3 years ago

Read 2 more answers

Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Schell has a

kenny6666 [7]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Schell has a total of $39,060 in overhead.

Direct labor hours:

Standard= 400

Deluxe= 200

Machine hours:

Standard= 4,150

Deluxe= 3,000

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

1) Direct labor hours as allocation rate

Estimated manufacturing overhead rate= 39,060/600= $65.1 per direct labor hour

Now, we can allocate to each product line:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Standard= 65.1*400= $26,040

Deluxe= 65.1*200= $13,020

2) Machine hour as allocation rate:

Estimated manufacturing overhead rate= 39,060/7,150= $5.46 per machine hour

Now, we can allocate to each product line:

Standard= 5.46* 4,150= $22,659

Deluxe= 5.46*3,000= $16,380

7 0

3 years ago