1. Current assets = Cash + prepaid insurance + accounts receivable + inventory = 40,000+80,000+100,000+140,000 = 360,000 Option B is the answer |
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Remaining Time: 2 hours, 47 minutes, 15 seconds. Question Completion Status: Path:p QUESTION 25 Consider the circuit below and answer the following questions. In this sketch, V=6 V, R=3000, and C=10 micro-F. C a) What is the maximum charge the capacitor can store in this circuit? b) How much energy will the capacitor store when it holds the maximum charge? c) How long will it take to charge the capacitor to half its maximum charge? Assume it starts with no...
Remalning Time: 2 hours, 33 minutes, 36 seconds. Question Completion Status: For the next 6 questions suppose the following data: Balance Sheet 30,000 Accruals 70,000 Accounts Payable Cash & MS Receivables Inventories Fixed Assets Total Assets 120,000 Notes Payable 480,000L-T Liabilities 700,000 Common Equity 20,000 60,000 80,000 140,000 400,000 700,000 Total Annual Sales $1,400,000 Cost of Goods Sold $960,000 Net Income$63,000 Number of Shares Outstanding 30,000 What is the current ratio of the firm? ○ 1225 0 1.375 O 1.875...
Remaining Time: 42 minutes, 39 seconds. Question Completion Status: In a deflationary period, choosing FIFO over LIFO for inventory costing would affect the financial statements as follows: Cost of goods sold will be higher and ending inventory will be lower Cost of goods sold will be lower and ending inventory will be lower Cost of goods sold will be higher and ending inventory will be higher Cost of goods sold will be lower and ending inventory will be higher Click...
mining time: 3 hours, 10 minutes, 13 seconds. estion Completion Status: Path:p Words:0 QUESTION 102 Charlie Company uses a perpetual inventory system. During May, the following transactions and events occurred. May 13 Sold 8 motors at a cost of $45 each to Scruffy Brothers Supply Company terms 4/10, 1/30. The motors cost Charlie $26 each May 16 One defective motor was returned to Charlie May 23 Received payment in full from Scruffy Brothers. Round to nearest dollar. Instructions Journalize the...
AILY-ATTEN Mathway | Algebra Remaining Time: 1 hour, 54 minutes, 32 seconds. Question Completion Status: he What is the cost of Goods Sold (COGS) and ending inventory using the FIFO Cost flow assumption? You do not need to show your calculations. Unit Cost Total Cost Date Details Units 2/1/2018Inventory 3/5/2018Purchase 4/8/2018Purchase 6/30/2018Inventory 60 $ 150 15 20 10 11 14 $ 600 1,650 210 $ 2,460 TT T Arial 3 (12pt) TE Click Save and Submit to save and submit....
Remaining Time: 06 minutes, 11 seconds. Question Completion Status: QUESTION 42 Given the figure, identify the location of the following art (2) HJ 5'UTR Intron 1 Transcription start site 3'UTR How many exons are shown? Click Save and Submit to save and submit. Click Save All Answers to save all answers Save Al Answers Close
Romaining Time hours, 12 minutes 45 seconds Question Completion Status: 24 indicate whether each of the following would appear on the Balance sheet or the income statement Also indicate if the account is an asset Allbilty Revenue for Expensel 116 points) Statement Type of Account a. Building b. Salary expense c. Sales d. Wages payable e. Prepard Insurance 1. Cost of goods sold Unearned Revenue Accounts Receivable Cek Sound Submit to save and submit Click Save All Auto Save All...
Remaining Time: 1 hour, 59 minutes, 35 seconds. Question Completion Status: What is the primary difference between a Set and a Map? T T T Arial , J (12p?. T . :-·-·?·ees Path p QUESTION 54 Explain briefly the operation of each of the tollowing Iterator-related methods a) iterator b) hasNext c) next Click Save and Submit to save and submit.Ciek Save Al Ansers to save all ansvers
asap Remaining Time: 04 minutes, 57 seconds. Consum Question Completion Status: QUESTION 28 Beats, Inc. had the following data for one of its major inventory items being sold. Date Units Unit Cost June 1, Beginning inventory 8,000 $8.00 Purchases: June 7 6,000 $8.35 June 20 8,000 $9.00 Sales: June 15 (at $24) 9,000 June 30 (at $26) 4,000 Compute the cost of goods sold for the June 15th sales assuming average cost flow assumption and perpetual inventory System a. $78,075...
Remaining Time: 1 hour, 36 minutes, 07 seconds. Question Completion Status: Aher going private, Dell decided to use the cash basis accounting to simplify things. The company received $100.000 in cash from customers during 2011. Del miso paid 320,000 for rent during 20x1. Considering this and using the following information, determine the amount of accrual basis revenue Del should recognize for 2011 111 12/31 Accounts receivable Uneared revenue Prepaid rent Rent Payable $10,000 6,000 2,000 3.000 $13,000 4,000 3,000 5,000...