User Account

All Pages

What the total of mare current asset is

Assignment Help Accounting Basics
Reference no: EM132728741

Mare Co's December 31,20x1 balance sheet reported the following current assets:

Cash 70,000

Accounts receivable 120,000

Inventories 60,000

Total: 250,000

An analysis of the accounts disclosed that accounts receivable consisted of the following:

Trade accounts 96,000

Allowance for uncollectible accounts (2,000)

Selling price of Mares unsold goods out on

Consignment 130% of cost, not included in Mare's

Ending inventory 26,000

Total: 120,000

Problem 1: At December 31, 20x1, the total of Mare's current asset is?

Reference no: EM132728741

Questions Cloud

Prepare journal entry to record transactions for pop company : Pop Company sells banana juice. In order to promote, Prepare journal entries to record the transactions relating to premium plan for the current year.
Explain important components of the psychiatric interview : Make a brief explanation of three important components of the psychiatric interview and why you consider these elements important. Explain the psychometric.
Learning a new way of doing things : -Explain how you would convince them to practice agility and embrace this new, more effective method.
Which user stories were in the sprint backlog : Which user stories were in the Sprint Backlog (including their estimate and whether they were completed by the end of the Sprint)
What the total of mare current asset is : At December 31, 20x1, the total of Mare's current asset is? Allowance for uncollectible accounts (2,000). Consignment 130% of cost, not included in Mare's
Explain the competing needs and limited resources : Quite often, nurse leaders are faced with ethical dilemmas, such as those associated with choices between competing needs and limited resources.
Demonstrate what amount should be reported as cash : The bank had collected $6,095 on a note left for collection.If a balance sheet is prepared for Stone Systems on July 31, what amount should be reported as cash?
Explain strategies you believe will be most effective : Explain strategies you believe will be most effective for communication and collaboration in your health care career. Provide detailed speaker notes for each.
Find and calculate total non-controlling interest : Calculate total non-controlling interest? what portion of the intra-group transactions between the parent entity and the subsidiary entity will need to be

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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