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Svetradugi [14.3K]
2 years ago
9

Josey Doakes was reading the balance sheet of Gogoldze Inc. when she spilled grape juice on it. After the juice spill, the balan

ce sheet looked like this:
($ millions) 12/31/2015
Cash 90
Accounts Receivable 210
Inventory 410
Other Current Assets grape
Current Assets juice
Net Property, Plant, & Equipment 1,080
Total Assets grape
juice
Accounts Payable 115
Other Current Liabilities 260
Current Liabilities 375
Long-term Liabilities 860
Common Stock 50
Additional Paid-in-Capital 300
Retained Earnings 285
Total Liabilities and SE 1,870

What was Gogoldze Inc.'s Other Current Assets at 12/31/2015?A. $710B. $120C. $370D. $80E. $790

Business
2 answers:
mixer [17]2 years ago
8 0

Answer:

D. $80

Explanation:

The other assets of the Josey Doakes can be calculated using the accounting equation which is given as follows:

Assets=Liability +equity

Total Assets=Current assets+ Non current assets

=Cash+Accounts receivable+Inventory+other current assets+Net PPE

=90+210+410+other current assets+1,080

=710+other current assets+1,080

=1790+other current assets

Total assets=1790+other current assets

1790+other current assets=Liability +equity

1790+other current assets=1870

Other current assets=1870-1790

                                =$80

So the answer is D. $80  

e-lub [12.9K]2 years ago
7 0

Answer:

The correct option is D. $80

Explanation:

Please see attachment

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The Basics of Business Writing
mario62 [17]

Answer:

1) a. Audience oriented

2) a. Purposeful

3) True

4) All except a

5) a. Analyze e. Anticipate d. Adapt

6) b. Analyzing

7) b. organizing

8) a. Editing

9) b. 50 percent

Explanation:

Purposeful:

It conveys information and solves problems

Persuasive:

Its goal is to make the audience accept and believe the message

Economical:

It's clear and concise and doesn't waste the reader's time; length is not rewarded

Audience Oriented:

It focuses on the reader, not the sender; concentrate on looking at a problem from the perspective of the audience instead of seeing it from your own.

5 0
2 years ago
Polk Products is considering an investment project with the following cash flows:
Andrei [34K]

Answer:

b. 1.86 years

Explanation:

The computation of the project's discounted payback is shown below:-

Year   Cash Flows      Discounted CFs (at 10%)        Cumulative

 

                                                                                Discounted CFs

0        -$100,000           -$100,000                          -$100,000

1          $40,000              $36,363.64                       -$63,636.36

2          $90,000              $74,380.17                        $10,743.80

3          $30,000               $22,539.44                      $33,283.25

4          $60,000               $40,980.81                      $74,264.05

Discounted Payback Period = Years before full recovery +

(Uncovered Cost at start of the year ÷ Cash Flow during the year)

Now we will put the values into the formula

= 1 + ($63,636.36 ÷ $74,380.17)

= 1 + 0.86

= 1.86 years

6 0
2 years ago
Briefly describe the​ trade-offs involved in the following decision.​ Specifically, what are the opportunity costs associated wi
vekshin1

Answer:

D. All of the above.

Explanation:

In economics, opportunity cost is the alternative forgone. For example, if two goods X and Y with prices $2 and $3 respectively are compared and an individual chooses to buy X instead of Y, the opportunity cost is the good Y itself that is forgone and not $3 which the price of Y.

Opportunity cost can also be seen as benefits an individual forgo in order to choose an alternative over another.

Therefore, individual pair comparison of each of the following statements opportunity cost to Frank's decision to reduce his weight:

A. His opportunity cost is the alternative uses of time spent exercising.

B. His opportunity cost is the forgone satisfaction of consuming foods that are not part of his diet plan.

C. Assuming exercise is not leisure comma he trades consumption of current leisure for future health.

I wish you the best.

4 0
2 years ago
NEED HELP!!!!!PLEASE!!!! 
Blababa [14]

Answer:

the answer is insurance, jobs, rentals on edgy

7 0
2 years ago
Read 2 more answers
Patti sells a painting that has a fair market value of $9,000 to James for $6,000. Which of the following statements about the t
Ahat [919]

Answer:

<u>II and III</u>

Explanation:

According to the IRS tax guidelines this two scenario matches them correctly;

The statement that James is Patti's brother, <em>would imply</em> that he (James) would not recognize any income from the sale to be deducted as tax.

Second, assuming Patti is an art dealer and she sold the painting to James because she needed cash quickly, James would not recognize any imputed income from the sale.

3 0
2 years ago
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