What is the amount of current assets

Assignment Help Accounting Basics
Reference no: EM132628040

Question - Based on the following data, what is the amount of current assets?

Accounts payable $64500

Accounts receivable 124500

Cash 67000

Intangible assets 124500

Inventory 140500

Long-term investments 174500

Long-term liabilities 194000

Short-term investments 75000

Notes payable 56500

Property, plant, and equipment 1350000

Prepaid insurance 2200

a. $251200

b. $266500

c. $268700

d. $409200

Reference no: EM132628040

Questions Cloud

Profit payoff decision role play activity : You need to use decision analysis techniques to recommend decision alternatives or optimal decisions based on expected profit payoff
Compare rational and boundedly rational responses : On a daily basis people have to make hundreds of decisions. you will compare rational and boundedly rational responses to a scenario of your choosing.
Explain Mason the difference in the amount : When the gross earnings were the same. Explain Mason the difference in the amount withheld for Canada Pension Plan contributions
What are the creditors claims on their assets : Kingbird, Inc. has assets of $4306000, common stock of $1079000, and retained earnings of $666000. What are the creditors' claims on their assets
What is the amount of current assets : Question - Based on the following data, what is the amount of current assets- Accounts payable $64500, Accounts receivable 124500 and Cash 67000
How much is the company net income for the year : Learning is fun company generated revenues amounting to Php 100,000. Expenses for the year totaled Php 76,000. How much is the company's net income for the year
How many units is the company expected to sell : How many units is the company expected to sell to make a before tax target profit $400,000. Will the result be different if we consider 30% tax
How much would their EBIT need to increase : How much would their EBIT need to increase in order to cover the expense of the loan? Should they consider taking out the loan even if EBIT might not increase
What audit procedures to be performed for the rental income : Assuming the substantive approach is adopted, what the audit procedures to be performed for the rental income

Reviews

Write a Review

Accounting Basics Questions & Answers

  Post the amounts for cash short or over in journal entries

Royal Jewels, a retail business, started business on June 25, 2019. Post the amounts for Cash Short or Over in the journal entries to the general ledger

  What is the current market value of the firms debt

The yield to maturity is 12%, so the bonds now sell below par. What is the current market value of the firm's debt

  Determine fees billed to customers on account during july

On April 1, the cash account balance was $7,850. During April, cash receipts totaled $41,850, and the April 30 balance was $9,150.

  What are the tax consequences to the partners and the

formation of a partnership. on may 31 six brothers decided to form the grimm brothers partnership to publish and print

  Find which true when harriet harvester plans to buy haymaker

Harriet Harvester (HH) plans to buy a haymaker. It costs $180,000 and is expected to last for five years. opportunity cost of funds is 8.0%.Which is true?

  Assuming the cost of direct materials used is 1500000

assuming the cost of direct materials used is 1500000 compute the total manufacturing costs using the information

  What amount of interest income

Granger entered into an installment sales contract which required annual payments of $150,000, including interest at 10%, over five years. The first payment was due on December 31, 2007. What amount of interest income should be included in Wagner'..

  Calculate ending inventory cost of goods sold gross profit

the following information is given for mchugh inc. for the month ended october 312010. mchugh uses a periodic method

  Estimating the variable and fixed components of cost

Management believes that electrical cost is a mixed cost that depends on machine-hours. Using the high-low method to estimate the variable and fixed components of this cost, these estimates would be closest to:

  Basics of total controllable cost variance

A company's flexible budget for 48,000 units of production showed variable overhead costs of $72,000 and fixed overhead costs of $64,000. The company incurred overhead costs of $122,800 while operating at a volume of 40,000 units. The total contro..

  Prepare the balance sheet as of 30 november 2010

Using the data for Impeccable Travel Service shown in Practice Exercises 1-4A and 1-5A, prepare the balance sheet as of November 30, 2010.

  Use of music affect your perception of the film

How does the mise-en-scéne affect your perception of the film? How does the use of sound affect your perception of the film? How does the use of music affect your perception of the film?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd