Amount of current assets

Assignment Help Accounting Basics
Reference no: EM13127698

Assume total liabilities are $40,000, total stockholders' equity $75,000, and all assets, other than current assets, total $50,000. What would be the amount of current assets?

Reference no: EM13127698

Questions Cloud

Conduct nonparametric test that machine is mixing nuts : 74 cashews, and 45 pecans. At the 0.05 level of significance, conduct a nonparametric test that the machine is mixing nuts in the ratio 5:2:2:1.
Calculate the value of the keq : Consider the following equibrium: CO(g) + 3H2(g) = CH4(g) + H2(g) Initially, 0.200 mol CO and 0.600 mol H2 are placed in a 2.00 L container.
What kind of effects on income from hedging foreign currency : What is meant by an entity's functional currency and what are the economic indicators indentified by the FASB to provide guidance in selecting the functional currency? Why is this an important question?
How large sample for actual average with confidence : How large a sample should he take to be within 200£ of the actual average with 99% confidence? He assumes the standard deviation of total monthly deposits for all customers is about 1000£.
Amount of current assets : Assume total liabilities are $40,000, total stockholders' equity $75,000, and all assets, other than current assets, total $50,000. What would be the amount of current assets?
Propose research on organizational issue, problem, or topic : Select an organizational issue, problem, or topic that you would like to research. Write a narrative about your proposed research
Qualitative assessment of the investment timing : However, Tropical Sweets will know the level of demand and will implement the project only if it adds value to the company. Perform a qualitative assessment of the investment timing option's value.
Prepare a journal entry to record depletion during the year : Salter Mining Company purchased the Northern Tier Mine for $21 million cash. The mine was estimated to contain 2.5 million tons of ore and to have a residual value of $1 million. During the first year of mining operations at the Northern Tier Mine..
How much time is required to produce the products : The reaction AB-> A+b is second order in AB and has a rate constant of 0.0245 M^-1 S^-1 at 25.0 degree celcuis . A reaction vessel initially contains 250.0 mL of 0.108 M AB which is allowed to react to form the gaseous product.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Variable costs as a percentage of sales

Variable costs as a percentage of sales for Leamon Inc. are 75%, current sales are $600,000, and fixed costs are $110,000. How much will operating income change if sales increase by $40,000?

  What entry is required in the depositors accounts

A check drawn by a depositor in payment of a voucher for $925 was recorded in the journal as $295. What entry is required in the depositor's accounts?

  How does discrete presentation differ from blending

Many public universities are quite similar to their private counterparts. Indeed, some large state universities receive less than 25 percent of their resources from the state. How, then, can you account for the substantial differences in their rep..

  Why an investment near its maturity have insignificant risk

The value of an investment can be described as equal to the present value of its future cash flows, discounted at an appropriate interest rate. Why does an investment near its maturity have insignificant risk of change in value because of changes ..

  Developing a new product for market

During 2007, a company began researching and developing a new product for market. By June 30, 2008, the company had determined the new product was technologically feasible and developed a business plan including identification of a ready market fo..

  Is the related lease finance or operating lease

If he sells the pubs abd then leases them back would you expect Lion Nathan to change how it accounts for the depreciation of he building?

  Identify the source of any difference between the companies

Daggar capitalizes the lease, whereas Bayshore records the lease as an operating lease. Both firms depreciate assets by the straight-line method, and both treat the lease as an operating lease for federal income tax purposes.

  What is the additional minimum liability for the year if any

Your company has a pension plan. At the end of the year your company reports an ABO of $250,000, PBO of $300,000 and Plan Assets of $230,000 for the year ended December 31, 2011.

  Significant accounting estimate

What is an example of a significant accounting estimate? What is the importance of these estimates? How do ethics play into the decision-making process? Which financial statements include significant accounting estimates? Why?

  When should beth recognize income under the accrual method

When should Beth recognize income under the accrual method of accounting.

  Calculate depreciation expense and book value

On January 1, 2009, Boston Company purchased a heavy duty machine having an invoice price of $13,000; Boston paid transportation and installation costs totaling $3,000.

  Problem regarding partnership

Barry owns a 30% interest in a partnership that earned $300,000 this year. He also owns 30% of the stock in a C corporation that earned $300,000 during the year.

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