Investment securities of 10000 these securities are common

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A company reports the following information as of the end of the year.

  1. Investment securities of $10,000. These securities are common stock investments in 30 companies that compose the Dow Jones Industrial average. As a result, the stocks are very actively traded in the market.
  2. Investment securities of $5,700. These securities are U.S. government bonds. The bonds are 30-year bonds; they were purchased on December 31 at which time they had two months to go until they mature.
  3. Cash of $3,400 in the form of coin, currency, savings accounts, and checking accounts.
  4. Investment securities of $6,600. These securities are commercial paper (short-term IOUs from other companies). The term of the paper is nine months; they were purchased on December 31 at which time they had four months to go until they mature.

Using the information, determine the total amount of cash and cash equivalents.

Reference no: EM13486058

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