The following information is provided for a company. Accounts payable $ 15,000 Buildings 80,000 Cash 10,500 Accounts receivable 9,500 Salaries payable 4,500 Retained earnings 47,500 Supplies 40,000 Notes payable (due in 18 months) 35,000 Interest payable 3,000 Common stock 35,000 What is the amount of current assets, assuming the accounts above reflect normal activity

Answers

Answer 1

The amount of current assets for the company is $60,000 assuming the accounts above reflect normal activity.

To calculate the amount of current assets, we need to identify which accounts are considered as current assets. Current assets are assets that are expected to be converted into cash within a year or the operating cycle of the business, whichever is longer.

From the given accounts, the following accounts are considered as current assets:

Cash

Accounts receivable

Supplies

Therefore, the total amount of current assets is:

Current assets = Cash + Accounts receivable + Supplies

Current assets = $10,500 + $9,500 + $40,000

Current assets = $60,000

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Related Questions

what is a likely consequence of the accreditation requirement that medical schools be not-for-profit?

Answers

The most likely consequence of the accreditation requirement that medical schools be not-for-profit is: The course of study may become more expensive for students because of lower subsidies.Explanation:Medical schools must be not-for-profit institutions, according to accreditation requirements.

This ensures that students receive an education of the highest quality and that medical professionals put their patients' interests first. Accreditation is required to ensure that schools meet these requirements and provide medical training that meets current standards. While this may provide benefits, it also carries certain drawbacks. It's likely that the course of study will become more expensive for students because of lower subsidies.There are other possible consequences of this accreditation requirement, such as limited research funding and a lack of corporate sponsorships. However, it is more likely that the cost of tuition will be impacted.

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How many trade schools are there for Avionics Technicians?

Answers

43 colleges offer avionics

Answer:

Hi...

Explanation:

ABC Ltd had investment of Rs 68,000 as on 31.3.2013 and investment of Rs 56,000 as on 31.3.2014. During the year ABC Ltd sold 40% of its investments being held in the beginning of period at a profit of Rs 16,800. Determine cash flow from investing activities.

Answers

ABC Ltd had investment of Rs 68,000 as on 31.3.2013 and investment of Rs 56,000 as on 31.3.2014. the cash flow from investing activities was Rs 44,000.

What are investing activities.?

Generally, Investing activities are actions taken by a business or individual to acquire or dispose of assets in order to increase their wealth. These activities can include the purchase of stocks, bonds, mutual funds, real estate, or other types of investments. Investing activities are typically undertaken with the goal of generating income or capital appreciation over time.

To determine the cash flow from investing activities, we need to calculate the amount of cash that ABC Ltd received from selling its investments.

The investment at the beginning of the period was Rs 68,000. If 40% of this investment was sold, then the amount sold was 40/100 * Rs 68,000 = Rs 27,200.

The profit from the sale of these investments was Rs 16,800, so the total cash received from the sale was Rs 27,200 + Rs 16,800 = Rs 44,000.

Therefore, the cash flow from investing activities was Rs 44,000.

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the benefits to be accrued from locating value chain activities in the world's optimal geographies for a specific activity are known as

Answers

The benefits to be accrued from locating value chain activities in the world's optimal geographies for a specific activity are known as Economies.

Such a firm tries to balance the will for lower prices and potency with the requirement to regulate native preferences at intervals in numerous countries.

The main risks related to businesses participating in international finance embrace exchange risk and political risk. These challenges could generally create it tough for firms to take care of constant and reliable revenue.

A differentiation strategy may be a business strategy that revolves around creating your company, product, or service distinctive, thus it stands out from alternative businesses in your business or market section.

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b) They hire a new employee and after orientation, they collect the person's state
ID, social security number, and other important documents. At this point, what
responsibility do the two friends have as it pertains to regulation? Which guidelines
does this correspond with? (2 points)

Answers

Based on the given information, The guidelines do correspond with  General Data Protection Regulation highlighting personal information.

As the context seems incomplete the answer is written in generalise manner.

When new employees start working for a firm, their personal information and other sensitive data must be collected and stored in accordance with numerous requirements to preserve their privacy and security.

The General Data Protection Regulation (GDPR), is a comprehensive data protection law that applies to firms operating in the European Union (EU) and the European Economic Area (EEA).

The GDPR requires businesses to seek explicit consent from individuals before collecting and processing their personal information, as well as to adopt sufficient technical and organizational safeguards to secure that data from unauthorized access or disclosure.

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What are wholesalers​

Answers

Answer:

Wholesaler is a company that earns money by buying large quantities of goods then selling in bulk to smaller businesses.

Hope this help :)

Answer:

Wholesalers are companies or businesses that buy large quantities of products from other companies, then resell the products in bulk or individually.

Explanation:

Examples; Costco Wholesale & Sam's Club

Are purchase discounts always a debit?​

Answers

Answer:

Yes

Explanation:

because it is and of course its is ask googel

A bond is actually a(n) _____. (Select all that apply.)


investment

short-term instrument

type of security

debt instrument

Answers

Investment but I’m not sure

A de jure corporation is one that is formed to accomplish a single purpose within a limited time. True False

Answers

It is false that a de jure corporation is one that is formed to accomplish a single purpose within a limited time.

To find out why a de jure corporation is not limited to a single purpose, we need to know more.

What is de jure corporation?It is when a coporation has fulfiled the required mandate within the ambit of the law to become a corporation.For a certified de jur coporation, they can issue stocks and also carry out daily activities.

Hence, we can conclude that a de jure corporation is not one that is formed to accomplish a single purpose within a limited time.

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find the average rate of change for the following and write a description about it

Answers

In order to find the rate of change of a function between two points, you should use the formula, ( f (b) - f (a) ) / (b - a).

How do you find the rate of change?

Using the formula;

= ( f (b) - f (a) ) / (b - a)

Where

b would be the second value of x and a would be the first value of x.

For instance, if you were to find the average rate of change in function:

y = 4x³ - 5x² + 1 in between x = -3 and x = 1.

The average rate of change would be:

= ( 4 (1)³ - 5(1)² + 1) - (4 (-3)³ - 5(-3)² + 1) / (1 - (3))

= 152 / 4

= 38

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The association stradegy is used to_________information

Answers

Answer:

The association strategy is used to help memorized information.

Explanation:

A benefit of using association is that it allows the learner to be creative and have fun. ... The association strategy is used to help memorized information.

Which are affected by the factors of production? Check all that apply.

A.) the demand of the item
B.) the availability of the item
C.) the cost of the item
D,) the quality of the item
E.) the popularity of the item

Answers

Answer:

A

C

D

Explanation:

without demand no reason to product it

The cost of a item also greatly affects it

and how well they can make it without being too expensive

Question 5 of 10
One example of a short-term savings strategy is:
A. a free checking account.
B. an employer-sponsored 401(k) plan.
C. a low-interest bank account.
D. a high-risk stock market investment.

SUBMIT

Answers

Answer:

A. a free checking account.

Explanation:

Saving involves putting money aside in a safe place for future use. Banks and financial institutions offer saving accounts as safe and secure platforms for firms and individuals to save.

A checking account is among the types of savings accounts offered by financial institutions. This type of savings account allows customers to save money that they do not wish to spend immediately. A checking account is risk-free and, therefore, a good strategy for short term saving.

Answer:

a low-interest bank account.

Explanation:

i got this right

A communication style is ____________________

Answers

Answer:

Communication styles are the broad ways in which people tend to communicate with others.

Explanation:

Answer:

Texting

Explanation:

Consumers make different purchase decisions when they are in a hurry. this is an example of _____ influencing a purchase situation.

Answers

If consumers make different purchase decisions when they are in a hurry. this is an example of time influencing a purchase situation.

What is purchase decision?

Purchase decision can be defined as the decision made by buyer when they want to buy a product as to whether they should go for a product or not or when buyers what to choose between two option.

Time can tend to influence a buyer purchase decision in a situation were the  buyer is in hurry making them to make different purchase decision.

Therefore If consumers make different purchase decisions when they are in a hurry. this is an example of time influencing a purchase situation.

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1. Assume you graduate high school with an outstanding GPA. What are the short- and long-term benefits?
2. Assume you graduate high school with a subpar GPA. What are the short- and long-term consequences?

Answers

The benefit of an outstanding GPA includes:

being an attractive prospect for a jobits tells about educational prowess.

The consequence of a subpar GPA includes:

likely to be seen as unserious student while in schoolits tells about low level of educational prowess.

What is an outstanding GPA?

Having an outstanding Grade Point Average means having over 75% excellence in overall result of a college.

These student are qualify for the dean's list and honors programs

What is a subpar GPA?

Having an subpar Grade Point Average means having less than 50% excellence in overall result of a college.

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Rod Dall co. reports a net income of 75,000. the income ratios of the rod are 60%and dall is 40%.indicate the division of the net income to each partner, and prepare the entry to distribute the net income

Answers

The division of net income for Rod Dall Co. is based on the income ratios of the partners.

According to the question, the income ratio of Rod is 60% and Dall is 40%. Therefore, the division of the net income to each partner can be calculated as follows:

Rod's share of net income = 75,000 x 60% = 45,000
Dall's share of net income = 75,000 x 40% = 30,000

The entry to distribute the net income to the partners can be prepared as follows:

Debit: Income Summary 75,000
Credit: Rod, Capital 45,000
Credit: Dall, Capital 30,000

This entry debits the income summary account for the total net income and credits the capital accounts of the partners for their respective shares of the net income.

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!!PLEASE HELP!! Identify at least five different careers in the Health Science or Hospitality and Tourism clusters that you could pursue in your home state, and choose the three that appeal to you the most. Of the three, write a one-page essay describing which one would be your career choice and the educational pathway that you would have to follow In order to obtain that career. Finally, Identify at least three colleges, universities, or training programs that are suited to that career choice.​

Answers

Answer:

The five different careers in Health Science that I would like to purse are nurse practioner, nutritionist, radiology technologist, physicians assistant and emergency medical technician. The three that appeal most to me is the nurse practioner, radiology technologist, and emercengy medical technician. The career choice and educational pathway that appeals to me the most is radiology technologist.

A radiology technologist is responsible for taking a picture of the patients x-ray, examining it and treating it. As a radiologic technologist I would need to check to make sure all the equipment is operational before taking any images. They work in anatomy and use many different equipment such as x-rays, MRI, computed tomography, etc. Sometimes before creating the image I would need to prepare and inject radiopharmaceutical agents into patients. Also, I may help physicians perform procedures such as angioplasty or stent insertion. I like this career because I am intereseted in learning about the human body and I want to help patients.

The colleges or universities that have the program to become a radiology technologist are Long Island University, University of Wisconsin La Crosse and Manhattan College. In order to purse this career I would need a associate's and bachelor's degree which takes about four years. Also, it would be a good idea to go training and attend certificate programs for radiology techs that take around a year. The best credentials are combinations of formal training, a professional license and work experience.

Explanation:

Lisi Crichton operates a variety store. Her brother does custom welding and made some racks to hold videos. Lisi gave her brother $5,000 cash and did not get a bill. A similar rack was on display at a department store for $1,000. You are told to book an expense on the company financial statement for $5000. What will you book the amount for?

Answers

Answer:

$1,000

Explanation:

Fixed assets must be recorded at historic cost or purchase value. Their valuation is not affected by changes in market values, e.g. land might appreciate over time, but its historic cost will be used for accounting purposes.

In this case, Lisi doesn't have a bill to show the price of the rack, and since she paid in cash, she has no way of proving what she actually paid for it. In this case, in order to record the purchase of the rack you must use the fair market value of similar racks.

Imagine if someone could just say that they purchased things at X price but didn't get a bill, soon people would be recording buying pencils at $500 each because they are gorgeous and perfectly crafted.

Verizon offers to buy a laser printer with a case of paper and an extra cartridge from Office Depot for $200. In response to the offer, Pam, Office Depot's representative says "okay, but no paper and no extra cartridge." Pam has a. rejected the offer and made a counteroffer. b. made a counteroffer without rejecting the offer. c. accepted the offer. d. rejected the offer without making a counteroffer. e. formed a valid but unenforceable contract.

Answers

Answer:

a. rejected the offer and made a counteroffer.

Explanation:

Counteroffers are mostly prevalent in business negotiations. A counteroffer is an indication that the initial price or condition presented by the offeror was rejected and a new offer is made by the other party. The contract becomes valid when the counteroffer is accepted by the second party.

In the negotiations between Verizon and Office Depot, an initial offer of a laser printer with a case of paper and an extra cartridge, all for $200 was made by Verizon to Office Depot. Office Depot made a counteroffer, which indicates that the initial offer was rejected. In their counteroffer, they only agreed on a laser printer, without paper and an extra cartridge.

what is meant by business ​

Answers

Answer:

A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities.

Organization, engaged commercial, professional activities

1. Choose a well-known company that you know of, and answer the following questions about it:

Answers

Answer:

what type of company

and which other questions

What is the net change in non-cash working capital that would appear on the cash flow statement given the following: i) Increase in cash of $500 ii) Increase in accounts receivables of $800 ii) Decrease in inventories of $350 iv) Decrease in prepaid expenses of $225 v) Increase in PP&E of $950 vi) Increase in accounts payable of $400

Answers

Answer:

$175

Explanation:  

The change in non-cash working capital that would appear on the cash flow statement is calculated as:      

Increase in accounts receivable                              -$800

Decrease in inventories                                             $350

Decrease in prepaid expenses                                  $225

Increase in accounts payable                                    $400                              

                                                                                  ______                    

Change in Non-Cash Working Capital  --)                  $175

Hope my answer is helpful :)

The net change in non-cash working capital that would appear on the cash flow statement is $175.

Increase in accounts receivable                              ($800)

Add Decrease in inventories                                    $350

Add Decrease in prepaid expenses                         $225

Add Increase in accounts payable                           $400                        

Change in Non-Cash Working Capital                      $175

Inconclusion the net change in non-cash working capital that would appear on the cash flow statement is $175.

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4. How do dependent tasks differ from primary tasks? ​

Answers

Answer:

The answer is below

Explanation:

Dependent task is a term used to describe a type of task that is associated with the main or independent task under a particular scope of work. It is usually a sub-task of the whole task that needs to be executed.

On the other hand, a Primary task is a term used to describe a type of task that takes the center stage or the major task with priority. It takes the largest or most resources in its execution.

What are 2 types of competitive pressures firms face when expanding into foreign markets?

Answers

Price competition and Cultural and institutional differences are 2 types of competitive pressures firms face when expanding into foreign markets

How can we know about competitive pressures?

When expanding into foreign markets, firms face several competitive pressures that may affect their success.

Here are two types of competitive pressures that firms commonly face:

Price competition: When entering foreign markets, firms may face increased competition from local firms that offer similar products or services at lower prices.

This may be due to lower production costs or a better understanding of local consumer preferences. In order to remain competitive, firms may need to adjust their pricing strategies and find ways to reduce costs.

Cultural and institutional differences: Firms may also face competitive pressures due to cultural and institutional differences in foreign markets. These differences may affect how consumers perceive products and services, as well as how business is conducted.

Firms may need to adapt their products, marketing strategies, and business practices to better align with local customs and preferences in order to remain competitive.

Other types of competitive pressures that firms may face when expanding into foreign markets include legal and regulatory challenges, supply chain disruptions, and technological challenges.

It is important for firms to carefully analyze the competitive landscape in each foreign market they enter and develop strategies to address these pressures in order to achieve success.

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Why do you think it is important to understand GDP?

Answers

GDP is important because it gives information about the size of the economy and how an economy is performing. The growth rate of real GDP is often used as an indicator of the general health of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economy is doing well

Nazeth tractor company has extra capacity that can be used to produce gears that it has been buying for br. 10 each. If the company makes the gears, it will incur material cost of br. 3 per unit, labor cost of br. 4 per unit, and direct overhead cost of br. 1 per unit. The annual fixed cost associated with the unused capacity is 8,000 br. And the demand per year is estimated to be 4,000 units. Required: would it be profitable or economical for the company to make the gears?suppose the capacity could be used by another department for the production of some sports equipment that will cover its fixed and variable costs and contribute 3,000 br. To profit. Which would be more advantageous, gear production or sports club production?

Answers

To determine whether it would be profitable for Nazeth Tractor Company to produce gears,.

we need to compare the costs of producing the gears internally to the cost of purchasing them.

1. Cost of producing gears internally:

  - Material cost: br. 3 per unit

  - Labor cost: br. 4 per unit

  - Direct overhead cost: br. 1 per unit

  - Total variable cost per unit: br. 3 + br. 4 + br. 1 = br. 8

2. Cost of purchasing gears: br. 10 per unit

Given that the demand per year is estimated to be 4,000 units, we can calculate the total cost for each option:

1. Producing gears internally:

  Total cost = (Variable cost per unit + Fixed cost per unit) * Number of units

  Total cost = (br. 8 * 4,000) + br. 8,000

2. Purchasing gears:

  Total cost = Purchase cost per unit * Number of units

  Total cost = br. 10 * 4,000

Now let's calculate the total costs for each option:

1. Producing gears internally:

  Total cost = (br. 8 * 4,000) + br. 8,000

             = br. 32,000 + br. 8,000

             = br. 40,000

2. Purchasing gears:

  Total cost = br. 10 * 4,000

             = br. 40,000

As we can see, the total cost for both options is the same at br. 40,000.

Now, considering the additional scenario where the capacity could be used by another department for the production of sports equipment:

The sports equipment production would cover the fixed and variable costs and contribute br. 3,000 to profit. Comparing this with the gear production, which does not generate any profit beyond covering costs, it would be more advantageous for the company to produce the sports equipment. This is because it not only covers the costs but also provides an additional profit contribution of br. 3,000.

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4. People in the organisations carry out diverse tasks with the aim to achieve
(a) Different objectives
(b) Common objectives
(c) Both of the above
(d) None of the above​

Answers

Answer:

(b) Common objectives

Explanation:

People and departments in an organization perform different functions, but all focus on achieving its objectives. An organization's top management sets the goals and targets for a particular period. It then identifies specific actions that need to be accomplished to achieve the set goals.

The identified actions are distributed to various departments for implementation. Each department will break down its activities into small tasks and assign them to individual workers. Every employee will be working to achieve their set objectives. If all workers achieve their targets, the departments will meet their objectives, and so is the organization's goals.

What is one drawback of pure competition compared to monopolies?
A. Pure competition allows one company to have too much
influence
B. Pure competition provides consumers with fewer economic
choices.
C. Pure competition makes it more difficult for new businesses to
enter a market
D. Pure competition spreads resources between many different
firms.

Answers

Answer:

D. Pure competition spreads resources between many different

firms.

Explanation:

Pure competition is a market structure with many suppliers and many buyers. All the suppliers sell a homogeneous product. There is intense business competition among the suppliers. Other characteristics of pure competition include

There are no dominant suppliers.There is ease of entry and exit into the marketSuppliers/firms are price takers.

In pure competition, resources are shared among the many competing firms in the industry, unlike in a monopoly that has only a single supplier. Resources include raw materials and profits.

Answer:

d

Explanation:

A Web server has 5 major components that must all function in order for it to operate as intended. Assuming that each component of the system has the same reliability, what is the minimum reliability each one must have in order for the overall system to have a reliability of 0.93?

Answers

To calculate the minimum reliability required for each component of the Web server for the overall system to have a reliability of 0.93, we need to use the concept of reliability in parallel.

In a parallel system, if any of the components function properly, the overall system operates as intended. Since all 5 major components must function for the Web server to operate correctly, we can express the reliability of the overall system as:

Overall reliability = 1 - (1 - Reliability of Component)^Number of Components

Let's assume that the reliability of each component is represented by 'R'. According to the problem, the overall system reliability should be 0.93.

0.93 = 1 - (1 - R)^5

To solve for the minimum reliability required for each component, we need to rearrange the equation and solve for 'R'.

(1 - R)^5 = 1 - 0.93

(1 - R)^5 = 0.07

Taking the fifth root of both sides:

1 - R = 0.07^(1/5)

1 - R ≈ 0.2449

Solving for 'R':

R ≈ 1 - 0.2449

R ≈ 0.7551

Therefore, each component of the Web server must have a minimum reliability of approximately 0.7551 (or 75.51%) in order for the overall system to have a reliability of 0.93.

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