BUSINESS HIGH SCHOOL

The trial balance of a company included the following account balances: Cash, $25,000; Short-Term Investments, $10,000; Accounts Receivable, $40,000; Inventory, $90,000; and Prepaid Insurance, $12,000. Its quick assets total:A. $35,000
B. $125,000
C. $75,000
D. $165,000
E. $50,000

Answers

Answer 1
Answer:

Answer:

C. $75,000

Explanation:

All the current assets which can be quickly converted into cash are the quick assets. Inventory and Prepaid Insurance are not the p[art of this because these take much longer time to convert into cash than other current assets. Receivable has more liquidity than inventory because it takes less time to recover.

Cash                                 $25,000

Short-Term Investments $10,000

Accounts Receivable      $40,000

Total Quick Assets          $75,000
Answer 2
Answer:

Answer:

Its quick assets total is $75,000. The right answer is C.

Explanation:

In order to calculate the company's quick assets total we need to check according to the data, which of the account balances of the company are quick assets.

Hence, Quick assets are the following:

Cash $ 25,000

Short Term Investments $10,000.

Accounts Receivable $40,000.

Therefore, Total Quick Assets=$ 25,000+ $10,000+ $40,000= $75,000

Related Questions

Gross pay minus deductions is known as
Which of the following items is not classified as other comprehensive income (OCI)? a) Extraordinary gains from extinguishment of debt. b) Prior service cost adjustment resulting from amendment of a defined benefit pension plan. c) Foreign currency translation adjustments. d) Unrealized gains for the year on available-for-sale debt securities.
E-commerce is the use of the internet to _____.spy on businesses visit your bank buy and sell goods buy virtual ice cream
Which of these scenarios best describes fractional reserve banking?-Maria makes a deposit of $20,000, and the bank loans $18,000 to Mark so he can buy a car -Jamir makes a $1,000 deposit and then withdraws it one week later. -Isabella splits her $5,000 deposit between two different banks. -A bank manager trades old, worn $20 bills for new currency issued by the Federal Reserve.
Explain how operations strategy can help a business sustain its competitive advantage.please answer this question in an essay.

Suppose the real rate is 2.5 percent and the inflation rate is 4.1 percent. what rate would you expect to see on a treasury bill?

Answers

Thank you for posting your question here at brainly. The rate that would you expect to see on a treasury bill is 3.67%. Below is the solution:

(1+R)= (1+r)*(1+h)
R=((1+0.025)*(1+0.09))-1
H=3.67%

George, a regional manager for a global corporation, is meeting with several upset managers from the Rome plant about Steve, who is originally from Florida but moved to Italy to manage the Rome facility. Phillipe, the assistant manager, tells George, "We all feel that Steve sees things only one way—his—and very seldom considers our perspective on things." Steve is employing a ______ management style

Answers

Answer: Parochial

Explanation: A style of management in which the manager having decision authority considers every situation only from his or her own perspective is called Parochial management style. The parochial mangers are the one with illiberal thinking they only considers the situation on the pros and cons related to themselves.

In the above case study, as per the description of the assistant, we can conclude that Steve is a parochial manager.

A(n) __________ is an economic structure in which a few very large, very powerful, and very rich owners control an industry or collection of related industries

Answers

Answer:

I guess the answer to the question is capitalist economy

List parts of a thermometer

Answers

Answer: look at the pic in corner. haha sorry I just wanted to finish my goal. hope it helps!! :)
hope this helps! bulb, stem, Auxiliary Scale,Meniscus, contraction chamber, immersion line, main scale, expansion chamber

Trent is having trouble answering some of the questions the interviewer is asking him. Trent could have prevented this by:-bringing a portfolio
-preparing questions to ask the interviewer
-practicing interviewing with a friend

Answers

it depends on the type of trouble he is having is it the communication problem, i guess all three could help.practicisng with a friend can help take out some the hasitation and the anxiety of the interview. preparing questions to ask the interviewer doesnt help a great deal. since he is gonna ask what he is gonna ask. bringing in a portfolio can help ease the atmosphere. an impressive portfolio can help decrease the questions that the interviewer may ask. 

Answer:

preparing questions to ask the interviewer

Explanation:

I am taking the test right now. If i am incorrect I will correct this answer. and be free to let me know what the answer is.

What is a fringe benefit?a. a cash payment for casual work
b. a business other than sales or marketing
c. a payment other than wages or salaries
d. an accounting term meaning profits

Answers

C. A payment other than wages or salaries. A fringe benefit is given to the employees as a benefit or incentive on top of their basic salary. Fringe benefit may be in the form of company issued car, life or health insurance, luncheon vouchers or additional paid vacation. 
Other Questions
Lesson 21. What is a tax? 2. What is the Internal Revenue Service? 3. What is the capital gains tax? 4. Give at least two examples of types of state taxes.5. What is a pay stub?
Which term refers to organizations that are departmentalized by the nature of the work being performed is called functional product and service geographic customer?
You've created a letter from a blank document. To format this letter with a unified font, colors, and effects, you'll apply a A. template.B. theme.C. style.D. gallery.Which of the following identifies the patterns used for each data series in a chart? A. Data pointB. The horizontal and vertical axesC. Data seriesD. LegendYou just finished creating an expense report table, but your boss tells you to create an extra column representing non-production costs. How do you insert this column? A. Click in the Table Style Options group of the Design tab.B. Click one of the insert buttons in the Rows & Columns group of the Layout tab.C. Click Column in the Insert tab.D. Click one of the insert buttons in the Data group of the Layout tab.What is the default file extension for a file saved in Word 365? A. .docxB. .doc365C. .docD. .docextWhich of the following allows you to view and access important information about your document all in one location? A. Menu barB. Backstage viewC. Status barD. Help icon
In a private company’s accounting system, inputs are what?