Kingston Co. uses the percentage-of-receivables basis to record bad debt expense. It estimates that 1% of accounts receivable will become uncollectible. Accounts receivable are $420,000 at the end of the year, and the allowance for doubtful accounts has a credit balance of $1,500.
Kingston Co. uses the percentage-of-receivables ba
Kingston Co. uses the percentage-of-receivables ba
Collapse question part
Partially correct answer. Your answer is partially correct. Try again.
Prepare the adjusting journal entry to record bad debt expense for the year. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation Debit Credit

Answers

Answer 1

Answer:

Kingston Co.

Adjusting Journal Entry to record bad debt expense for the year:

Account Titles and Explanation   Debit    Credit

Bad Debts Expense                    $2,700

Allowance for Doubtful Accounts           $2,700

To record bad debt expense for the year and bring the allowance for doubtful accounts to a credit balance of $4,200.

Explanation:

a) Data and Analysis:

Accounts receivable at the end of the year = $420,000

Allowance for doubtful accounts (credit balance) = $1,500

Estimated uncollectible = 1% of account receivable

New credit balance for allowance for doubtful accounts = $4,200

Adjustment to increase the allowance for doubtful accounts to the above new balance = $2,700 ($4,200 - $1,500)

Bad Debts Expense $2,700 Allowance for Doubtful Accounts $2,700


Related Questions

In his work Divine Comedy, the 14-century Italian poet Dante described a trip into space. As he traveled away from Earth, he visited the following celestial bodies in order: the moon, Mercury, Venus, the sun, Jupiter, and Saturn. What view of solar system structure did Dante hold? How do you know? Compare this view with a modern understanding of the solar system’s structure.

Answers

According to Italian poet Dante;

Dante believed in a geocentric conception of the planetary system, wherein the Earth seems to be at the centre while the moon, sun, and other planets revolve around it.

Explanation:

Researchers understand Dante had a geocentric perspective of the solar system since he would have visited Venus earlier Mercury in a sun-centered worldview.According to Dante's interpretation of the solar system, the crescent, sun, and planet all revolve around Earth. According to current thinking, only the moon revolves Earth; the Earth and then all the planets remain in orbit of sun.

Learn more:

https://brainly.com/question/23288233?referrer=searchResults

​Brett's Gift Box estimates that it will sell​ 30,000 porcelain figurines next year. Because porcelain figurines are so easily​ damaged, the average per unit carrying cost of the figurines is​ $25. The per order cost of ordering is​ $800. Assume that Brett wants a safety stock of 75 figurines. If Brett reorders the figurines based on the economic order​ quantity, what is​ Brett's average inventory of porcelain​ figurines?

Answers

If Brett reorders the figurines based on the economic order​ quantity, Brett's average inventory of porcelain​ figurines is 768 units.

The economic order quantity is computed as the square root of (2 x Annual Sales Unit (Demand) x Ordering Cost)/Carrying Cost

= square root of (2 x 30,000 x $800)/$25

= square root of 1,920,000

= 1,386 units

Average inventory = (Economic Order Quantity)/2 + Safety stock

= 1,386/2 + 75

= 693 + 75

= 768 units

Thus, Brett's Gift Box average inventory of porcelain figurines is 768.

Learn how to calculate average inventory and the use of economic order quantity here: https://brainly.com/question/5525521 and https://brainly.com/question/9068415 respectively.

Data:

Estimate sales units for next year = 30,000 porcelain figurines

Average per-unit carrying cost = $25

Per-order Ordering Cost = $800

Required safety stock = 75 figurines

A company changes from the straight-line method to an accelerated method of calculating depreciation, which will be similar to the method used for tax purposes. The entry to record this change will include a

Answers

Answer: c. credit to Accumulated Depreciation.

Explanation:

When using the accelerated method of depreciation, depreciation amounts are higher in the earlier years unlike the straight-line method where depreciation is constant throughout the life of the asset.

The difference between the depreciation according to Straight-line and depreciation will be sent to the accumulated depreciation account as a credit to reflect the change and the depreciation for the period.

(a) A lamp has two bulbs of a type with an average lifetime of 1800 hours. Assuming that we can model the probability of failure of these bulbs by an exponential density function with mean μ = 1800, find the probability that both of the lamp's bulbs fail within 2000 hours.
(b) Another lamp has just one bulb of the same type as in part (a). If one bulb burns out and is replaced by a bulb of the same type, find the probability that the two bulbs fail within a total of 1000 hours.

Answers

Answer:

a) 0.45

b) 0.11

Explanation:

A)  P( both bulbs fail within 2000 hours ) = 0.45

Given data:

Average lifetime of bulbs = 1800 hours

mean μ = 1800

b) P( both bulbs fail within 1000 hours ) =

Attached below is a detailed solution of the given question

tại sao starbuck chọn tp HCM đầu tiên

Answers

Answer:

of the three other members who have submitted their report on 6th century

Your firm has net income of $245 on total sales of $1,080. Costs are $610 and depreciation is $120. The tax rate is 30 percent. The firm does not have interest expenses. What is the operating cash flow

Answers

Answer:

the operating cash flow is $365

Explanation:

the computation of the operating cash flow is shown below:

operating cash flow is

= Net income + depreciation expense

=  $245 + $120

= $365

hence, the operating cash flow is $365

We simply added the net income and the depreciation expense to determine the operating cash flow  

The following information applies to the questions displayed below.
On January 1, Year 2 Grande Company had a $14,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During Year 2, Grande provided $64,000 of service on account. The company collected $60,500 cash from accounts receivable. Uncollectible accounts are estimated to be 2% of sales on account
What is the amount of uncollectible accounts expense recognized on the Year 2 Income statement?
a. $ 280
b. $3,500
c. $1,210
d. $1,280

Answers

Answer:

the answer is 3,500

3,500

S. Wang and T. Wu are partners with equal capital balances of $50,000 each. They agree to let J. Li invest $20,000 in their partnership for a 10% interest, including bonuses to the existing partners. The journal entry to reflect the bonus to Wang will include a credit to _______ in the amount of ______.

Answers

The journal entry to reflect the bonus to Wang will include a credit to Wang, Capital in the amount of $4,000

First step is to calculate S. Wang and T. Wu and  J. Li capital amount

Capital=$50,000+$50,000+$20,000

Capital=$120,000

Second step is to calculate their new capital

New capital=$120,000*.10

New capital=$12,000

Now to determine Wang bonus amount we have to divide the capital equally between S. Wang and T. Wu

Bonus=($20,000-$12,000)/2

Bonus=$8,000/2

Bonus=$4,000

Therefore journal entry to reflect the bonus to Wang will include a credit to Wang, Capital in the amount of $4,000

 

Learn more about Partnership  share of Capital here:

https://brainly.com/question/13219570

If an investor has a choice of investing money at 6% compounded daily or 6.025% compounded quarterly which one is best

Answers

General Rule: Daily compounding gives a higher yield

Compounding works like this:

6.025% per quarter

Quarter 1: $100 x 6.025% = $6.025

Quarter 2: $106.025 x 6.025% = $6.388

Quarter 3: $112.413 x 6.025% = $6.7729

Quarter 4: $119.186 x 6.025% = $7.4491

Etc…

6% per day

Day 1: $100 x 6% = $6

Day 2: $106 x 6% = $6.36

...

Day 365: $193.47 x 6% = $11.96

The difference between actual overhead costs incurred and the budgeted overhead costs based on a flexible budget is the: Multiple Choice Production variance. Controllable variance. Volume variance. Price variance. Quantity variance.

Answers

The difference between actual overhead costs incurred and the budgeted overhead costs based on a flexible budget is the controllable variance.

In accounting, there are two elements of a variance- rate variance and volume variance. While the rate variance refers to the difference in the actual price paid vs. the budgeted price, the volume variance refers to the portion of the variance in sales, unit usage.

The controllable variance is in the "rate" element of the variance.Controllable variance refers to the process by which the efficiency of using variable overhead resources is measured.This means that the controllable variance is the difference between the actual cost and the budgeted overhead cost.The calculation for this variance is: Actual overhear expense - (budgeted overhead cost x standard number of units)= overhead controllable variance.

In short, we can say that the controllable variance is the amount that is not part of the volume variance. Rather, it is the difference in the overhead cost incurred and the budgeted overhead cost.  

Learn more about variance here:

brainly.com/question/18803411

Payroll Entries
The payroll register for D. Salah Company for the week ended May 18 indicated the following:
Salaries $615,000
Federal income tax withheld 165,000
The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.8%, respectively, on $45,000 of salaries.
For a compound transaction, if an amount box does not require an entry, leave it blank.
a. Journalize the entry to record the payroll for the week of May 18.
May 18 Salaries Expense
Social Security Tax Payable
Medicare Tax Payable
Employees Federal Income Tax Payable
Salaries Payable
Feedback
Gross pay is the amount that employees have earned before taxes and deductions. A portion of employees' earnings are owed for such items as state and federal taxes. Net pay is also known as take-home pay.
b. Journalize the entry to record the payroll tax expense incurred for the week of May 18.
May 18 Payroll Tax Expense
Social Security Tax Payable
Medicare Tax Payable
State Unemployment Tax Payable
Federal Unemployment Tax Payable

Answers

Answer:

A. Dr Salaries expense 615000

Cr Social security tax payable 36900

Cr Medicare tax payable 9225

Cr Employment federal income tax payable

165000

Cr Salaries payable 403875

B. Dr Payroll tax expenses 48915

Cr Social security tax payable 36900

Cr Medicare tax payable 9225

Cr State unemployment taxes payable 2430

Cr Federal unemployment taxes payable 360

Explanation:

A. Preparation of the journal entry to record the payroll for the week of May 18.

May 18

Dr Salaries expense 615000

Cr Social security tax payable 36900

(615000*6%)

Cr Medicare tax payable 9225

(615000*1.5%)

Cr Employment federal income tax payable

165000

Cr Salaries payable 403875

(615000-36900-9225-165000)

(To record the payroll for the week of May 18)

B. Preparation of the journal entry to record the payroll tax expense incurred for the week of May 18

May 18

Dr Payroll tax expenses 48915

(36900+9225+2430+360)

Cr Social security tax payable 36900

(615000*6%)

Cr Medicare tax payable 9225

(615000*1.5%)

Cr State unemployment taxes payable 2430

(45000*5.4%)

Cr Federal unemployment taxes payable 360

(45000*0.8%)

(To record the payroll tax expense incurred )

Merchant Company issued 10-year bonds on January 1. The 6% bonds have a face value of $727,000 and pay interest every January 1 and July 1. The bonds were sold for $604,217 based on the market interest rate of 7%. Merchant uses the effective interest rate method to amortize bond discounts and premiums. On July 1 of the first year, Merchant should record interest expense (rounded to the nearest dollar) of

Answers

Answer:

Merchant Company

On July 1 of the first year, Merchant should record interest expense (rounded to the nearest dollar) of:

=  $22,472.

Explanation:

a) Data and Calculations:

Face value of bonds = $727,000

Price of bonds =             604,217

Discounts =                  $122,783

Period of bonds = 10 years

Coupon rate of interest = 6%

Market interest rate = 7%

Payment of interest = Semi-annually (Jan. 1 and July 1)

July 1:

Cash payment =   $21,810 ($727,000 * 3%)

Interest based on market rate =  21,148 ($604,217 * 3.5%)

Discount amortization =   $662

Interest expense = $22,472 ($21,810 + $662)

A manufacturer uses machine hours to assign overhead costs to products. Budgeted information for the next year follows. Budgeted factory overhead costs $ 669,600 Budgeted machine hours 7,200 Compute the plantwide overhead rate for the next year based on machine hours.

Answers

Answer: $93 per machine hour

Explanation:

The plantwide rate shows the cost per labor hour(machine hour in this case) for overhead incurred by the entire production plant.

Plantwide overhead rate based on machine hours:

= Budgeted factory overhead costs / Budgeted machine hours

= 669,600 / 7,200

= $93 per machine hour

Colorado Cleaning has a 5-year maximum acceptable payback period. The firm is considering the purchase of a new washing machine and must choose between two alternative ones. The first machine requires an initial investment of $25,000 and generates annual after-tax cash inflows of $6,500 for each of the next 8 years. The second machine requires an initial investment of $75,000 and provides an annual cash inflow after taxes of $9,500 for 15 years.

Required:
a. Determine the payback period for each machine.
b. Comment on the acceptability of the machines, assuming that they are independent projects.
c. Which machine should the firm accept? Why?
d. Do the machines in this problem illustrate any of the weaknesses of using payback? Discuss.

Answers

Answer:

a) Payback period = period up to which cumulative cash flow is negative +

                                    (negative cumulative cash flow /cash flow succeeding    

                                       the above period)

Project A - Up to year 4 ,cash flow recovered = 3000 * 4 = 12,000

Payback period =14,000/3,000 = 4.67 years

Project B= Cash flow recovered up to year 5 = 4000 * 5 = 20000

Payback period = 21,000/4,000 =5.25 years

b) On the basis of the Payback period, Project A should be selected, as it has a lower payback period and is also within the maximum acceptable payback period. back period.(4.67 < 5)

Project B should not be selected as its payback recovery is not within the maximum acceptable payback period (5.25 >5 )

c) Machine A should be selected as it has a lower payback period. than machine B.

d)The payback period ignores the life present value of cash flow and also the life of the machine each project has.

so the decision on the basis of the payback period may not be accurate.

Last year, you purchased a stock at a price of $64.00 a share. Over the course of the year, you received $2.20 per share in dividends and inflation averaged 2.7 percent. Today, you sold your shares for $69.00 a share. What is your approximate real rate of return on this investment

Answers

Answer:

8.55%

Explanation:

Calculation to determine your approximate real rate of return on this investment

First step is to calculate the Nominal return

Nominal return = ($69 - $64+ $2.20)/$64

Nominal return=7.2/$64

Nominal return= 0.1125

Now let calculate the Approximate real return

Approximate real return = 0.1125 - 0.027

Approximate real return= 0.0855*100

Approximate real return=8.55%

Therefore your approximate real rate of return on this investment is 8.55%

On Friday of each week, Prawn Company pays its factory personnel weekly wages amounting to $55,000 for a five-day work week.

Required:
a. Prepare the necessary adjusting entry at year end, assuming December 31 falls on Wednesday.
b. Prepare the journal entry for payment of the week’s wages on the payday which is Friday, January 2 of the next year.

Answers

Answer and Explanation:

The journal entry is shown below:

a.

Wages Expense $33,000 ($55,000 ÷ 5 days ×3days)

            To Wages Payable $33,000

(being wages expense is recorded)

Here wages expense is debited as it increased the assets and credited the wages payable as it also increased the liabilities

b. Wages Expenses $22000

Wages Payable $33000

      To Bank $55,000

(Being payment is recorded)

Here wages expense is debited as it increased the assets, the wages payable is also debited as it decreased the liabilities and credited the bank as it decreased the assets

Bramble Corp.’s cost of goods sold is $280000 variable and $170000 fixed. The company’s selling and administrative expenses are $160000 variable and $220000 fixed. If the company’s sales is $1080000, what is its net income?

Answers

Answer:

the net income is $250,000

Explanation:

The computation of the net income is given below:

= Sales - variable cost of goods sold - fixed cost of goods sold - variable selling & admin expense - fixed selling & admin expense

= $1,080,000 - $280,000 - $170,000 - $160,000 - $220,000

= $250,000

Hence, the net income is $250,000

The above formula should be applied for the same

Complete the following statements with one of the terms listed here. You may use a term more than once. Some terms may not be used at all. Capital turnover Direct fixed expenses Flexible budget variance Key performance indictors (KPIs) Profit center Sales margin Common fixed expenses Favorable variance Goal congruence Management by exception Return on investment (ROI) Unfavorable variance Cost center Flexible budget Investment center Master budget variance Revenue center Volume variance

Answers

Solution :

a). Flexible budget

A flexible budget is a budget that is prepared for the different volume level which was originally anticipated.

b). Flexible budget variance

It is the different between the flexible budget and the actual results.

c). Return on Investment

It is used to evaluate the performance of the investment centers. It is calculated by dividing operating income by the investment.

d). Favorable variance

The company has the favorable variance when the actual values are more than the budgeted values.

Various financial data for the past two years follow. LAST YEAR THIS YEAR Output: Sales $ 200,200 $ 202,000 Input: Labor 30,005 40,005 Raw materials 34,500 44,500 Energy 5,000 6,100 Capital 48,990 48,990 Other 2,000 3,005 a. Calculate the total productivity measure for this company for both years.

Answers

Answer:

The total productivity measures for this company for both years are:

                       LAST YEAR    THIS YEAR

Total productivity       1.66               1.42

Explanation:

a) Data and Calculations:

                       LAST YEAR    THIS YEAR

Output: Sales  $ 200,200    $ 202,000

Input: Labor          30,005          40,005

Raw materials      34,500          44,500

Energy                    5,000            6,100

Capital                  48,990         48,990

Other                     2,000            3,000

Total input         120,495        142,595

Total productivity = Output/Input

=            $ 200,200/120,495    $ 202,000/142,595

=                            1.66               1.42

Botosan Factory has budgeted factory overhead for the year at $468,602, and budgeted direct labor hours for the year are 280,600. If the actual direct labor hours for the month of May are 255,300, the overhead allocated for May is

Answers

Answer:

$426,351

Explanation:

Calculation to determine what the overhead allocated for May is

Using this formula

Overhead allocated for May=(Estimated overhead/Estimated total DLHs)*Overhead rate per DLHs

Let plug in the formula

Overhead allocated for May=($468,602/ 280,600)*255,300

Overhead allocated for May=$1.67*255,300

Overhead allocated for May=$426,351

Therefore the overhead allocated for May is $426,351

A company's overhead rate is 60% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used.

Goods in process inventory:
Beginning balance $100,800
D.M.
D.L.
O.H. F.G.
Ending balance $131,040

Answers

Answer: $113,120

Explanation:

Direct material used = Total cost of manufacturing - Direct labor - Factory overhead

Total cost of manufacturing = Ending WIP + Cost of manufacturing - Beginning WIP

= 131,040 + 324,800 - 100,800

= $355,040

Direct labor = Factory overhead * 100/60

= 90,720 * 100/60

= $151,200

Direct materials used = 355,040 - 151,200 - 90,720

= $113,120

The following monthly data are available for Waterway Industries. which produces only one product: Selling price per unit, $54; Unit variable expenses, $14; Total fixed expenses, $42000; Actual sales for the month of June, 2000 units. How much is the margin of safety for the company for June

Answers

Answer:

Margin of safety= 950 units

Explanation:

First, we need to calculate the break-even point in units:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 42,000 / (54 - 14)

Break-even point in units= 1,050

Now, the margin of safety in units:

Margin of safety= (current sales level - break-even point)

Margin of safety= 2,000 - 1,050

Margin of safety= 950 units

Assume that an analyst is using the constant dividend growth model to value a stock. Which of the following scenarios would be certain to cause her to decrease her estimate of the stock's value (assuming, of course, that all other factors are held constant)?
A. She believes the company has become riskier, and therefore increases her required rate of return for the stock.
B. She increases her estimate of the company’s next year’s dividend.
C. She increase her estimate of the expected annual rate of growth in the company’s dividends.
D. She decreases her required rate of return for the stock.
E. None of the above would cause her to decrease her estimate of the stock’s value.

Answers

Answer: A. She believes the company has become riskier, and therefore increases her required rate of return for the stock.

Explanation:

The formula for the Constant dividend growth model of valuing stock is:

= Next dividend / (Required return - growth rate)

From the formula above, one can tell that if the required return is higher, it would result in a lower value for stock because it would divide the numerator more.

If the analyst believes that the company is riskier and increases the required return, the value would therefore reduce if other measures are kept constant.

Zeke's Soda is a small company. They have never grown much, but they have never quite gone out of business over their 75 year history.They have a secret recipe for a raspberry soda which is their bestselling drink. It has never been patented, but it has been known only to the family members who run the company ever since Old Zeke came up with it 75 years ago. None of the other employees have access to it.
Soda Giant buys a bottle of Zeke's Soda and runs it through sophisticated equipment that is able to analyze it and determine all of the ingredients. Soda Giant takes what it learns and starts to make and sell a soda identical to Zeke's.Can Zeke's Soda win a trade secret misappropriation action?
a) No, because a secret recipe is not the kind of thing that can be a trade secret.
b) No, because the trade secret protection has expired.
c) No, because Soda Giant did not misappropriate the information.
d) Yes.

Answers

Answer:

it is definitely a

hoakqaaa

I agree with above, a is the answer

On January 2, 2021, L Co. issued at face value $22,000 of 3% bonds convertible in total into 1,400 shares of L's common stock. No bonds were converted during 2021. Throughout 2021, L had 1,400 shares of common stock outstanding. L's 2021 net income was $4,000. L's income tax rate is 30%. No potential common shares other than the convertible bonds were outstanding during 2021. L's diluted earnings per share for 2021 would be:

Answers

Ima get points srry

Variable costs as a percentage of sales for Lemon Inc. are 71%, current sales are $551,000, and fixed costs are $207,000. How much will operating income change if sales increase by $37,600? a.$10,904 increase b.$26,696 decrease c.$26,696 increase d.$10,904 decrease

Answers

Answer: a.$10,904 increase

Explanation:

Operating income before sales increase:

= Sales - Variable costs - Fixed costs

= 551,000 - (71% * 551,000) - 207,000

= -$47,210

Operating income after sales increase:

Sales increases to:

= 551,000 + 37,600

= $588,600

= 588,600 - (71% * 588,600) - 207,000

= -$36,306

Difference:

= -47,210 - (-36,306)

= Increase of $10,904

PlZ Help 70 points

Look at the circular flow diagram. Choose and define an environmental issue. Using the diagram as a guide, explain how the environmental issue you chose affects the relationship between the business and factor market. (4 points)

Answers

Answer:

Family and government are related to each other in terms of financial unit. Family pay charges to government and after that government utilize that cash for the individuals. Family gain the money by working in firms or by running their possess commerce. Natural issues such as discuss contamination can influence the relationship between family and government. Popleuses their possess transport to go to firms and the number of vehicles are expanding day by day which causes discuss contamination. The government can shape arrangements against personal transport and persuade individuals to utilize open transport which can be advantageous for government as government will straightforwardly get cash from family.

please click thanks and mark brainliest if you like :)

A trust has been established to fund scholarships in perpetuity. The next annual distribution will be $1,200, and future payments will increase by 3 percent per year. What is the value of this trust at a discount rate of 7.4 percent

Answers

Answer:

PV= $27,272.73

Explanation:

Giving the following information:

Annual distribution (Cf)= $1,200

Interest rate (i)= 7.4% = 0.074

Growth rate (g)= 3% = 0.03

To calculate the present value (PV) of the fund, we need to use the following formula:

PV= Cf / (i - g)

PV= 1,200 / (0.074 - 0.03)

PV= $27,272.73

theo bạn, 1 sản phẩm đáng bán rất tốt có cần thiết đưa hàng hóa đó lên mạng không?

Answers

I dont really know to be honesy
sorry i dont speak this language

A partial list of Waterways' accounts and their balances for the month of November 2016 follows:
Accounts Receivable $ 275,000
Advertising Expenses 54,000
Cash 260,000
Depreciation-Factory Equipment 16,800
Depreciation-Office Equipment 2,400
Direct Labor 42,000
Factory Supplies Used 16,800
Factory Utilities 10,200
Finished Goods Inventory, November 30 68,800
Finished Goods Inventory, October 31 72,550
Indirect Labor 48,000
Office Supplies Expense 1,600
Other Administrative Expenses 72,000
Prepaid Expenses 41,250
Raw Materials Inventory, November 30 52,700
Raw Materials Inventory, October 31 38,000
Raw Materials Purchases 184,500
Rent Factory Equipment 47,000
Repairs-Factory Equipment 4,500
Salaries 325,000
A list of accounts and their values are given above. From this information, prepare a partial balance sheet for Waterways Corporation for the month of November. (List Current Assets in order of liquidity.)

Answers

Answer:

Total current assets = $697,750

Explanation:

The partial balance sheet is as follows:

Waterways Corporation

Balance Sheet (Partial)

For the month of November 2016

Details                                                                $                         $          

Current Assets

Cash                                                           260,000

Accounts Receivable                                 275,000

Finished Goods Inventory, November       68,800

Raw Materials Inventory, November          52,700

Prepaid Expenses                                        41,250  

Total current assets                                                              697,750

Note:

Cash is the most liquid of assets.

Accounts receivable which should be collected within 30 to 60 days are less liquid than cash, but more liquid than inventory.

Finished Goods Inventory which is expected to be sold and converted to cash within one year, and Raw Materials Inventory which is expected to be converted to finished good within one year are more liquid than Prepaid expense.

Therefore, the least liquid among current assets’ item above is the Prepaid Expense as it is cash paid for services not yet received..

Other Questions
1. Determine the measure of the unknown angles indicated by letters. Justify your answers withthe properties or theorems you used. If you started with 2 moles of Nitrogen and 3 moles of Hydrogen, then youwould not have any leftover reactants. Explain which material would belimiting since no hydrogen or nitrogen were left over? N2 + 3H2 -> 2NH3 3. Using Assume the following list of keys: 36, 55, 89, 95, 65, 75, 13, 62, 86, 9, 23, 74, 2, 100, 98 This list is to be sorted using the quick sort algorithm as discussed in this chapter. Use pivot as the middle element of the list. a. Give the resulting list after one call to the function partition. b. What is the size of the list that the function partition partitioned Answer these questions about finding the missingangle measures.What is the measure of What is the measure of What can be concluded about these triangles?Answer choices/:what can be concluded?1.corresponding angles are proportional 2.The triangles are congruent3.The triangles are similar Please help im stuck on this pls help ( i have to sort the cubes some how) i will give brainliest to who gets it right Summarize The Fall of The Berlin Wall.One paragraph!!!please and thank you ;) 20 points Give an introduction to female gonad If you were running an experiment to determine the color of light at which beans grew best, what would be the variable?Group of answer choicesthe number of beans plants in the experimentthe amount of water you give the beansthe color of the light under which each bean is grownthe height to which you let the sprouts grow Why might the unnamed first-person narrator be telling the story during the exposition in The Time Machine?A. Because the narrator is going to have a larger part later.B. Readers get a believable story about time travel, because the first person narrator is skeptical, just like a reader would be.C. Because the Time Traveller was time traveling.D. Because the Time Traveller lost his voice. Put the verbs in brackets into the correct verb form. 1. I (have) dinner when his friend called. 2. Joan (travel) around the world. 3. We (not begin) to study for the test yet. 4. Dont get on a bus while it (run) . 5. I (invite) them to my birthday party yesterday, however, they (not come) . 6. Look! Somebody (clean) the room. 7. My brother (begin) looking for a job in January. 8. Timson (make) 13 films and I think her latest is the best. 9. She (cook) at the moment. Thats why she cant answer the phone. 10. She doesnt mind (go) out in the evening. 11. I (not see) him since we (leave) school. 12. Football (be) my favourite sport. I like (play) it in my free time. 13. Jane (leave) just a few minutes ago. 14. She (be) extremely quiet since her husband died. Indicate all the possible values for the variable in each of theexpressions:132x + V1-x The path from the subway station to the art museum is three blocks to the north then four blocks to the west.What is the straight-line distance in blocks from the subway station to the art museum? u im ca ngnh vn ti ng hng khng l Rodney and their roommates are making homemade pizza for dinner. Rodney tells his roommates that he would like for his slice to be cut at a 100 degree angle. The pizza has a diameter of 20 inches. To the nearest tenth of an inch, find the area of Rodney's slice of pizza. Approximate pi at 3.14. cloud offers better protection compare to on premise? "Ryan rapidly rushed round the corner as he ran the race." What rhetorical device is being used in this sentence? Please Help I will give you a lot of points if you do! What is the distance between the points(-2,5) and (3,7).Help (Will make you the brainliest if answer correctly) factorise [tex]x^{2} + 11x[/tex] On the basis of their use and development, Natural resources can be classified as ________ and ________