Trade and other payables $ 300,000 Trade receivables 400,000 Cash 35,000 Marketable securities 55,000 Notes payable 40,000

Fantastic news! We've Found the answer you've been seeking!

Question:

Trade and other payables $ 300,000

Trade receivables 400,000

Cash 35,000

Marketable securities 55,000

Notes payable 40,000

Equipment 200,000

Short-term borrowings 100,000

Goodwill 75,000

Inventories 500,000

Accrued wages 60,000

Taxes payable 10,000

1. The total current assets is $ ________________________. (5 marks)

2. The total current liabilities is $ ________________________. (5 marks)

Related Book For answer-question

Finance for Non Financial Managers

ISBN: 978-0176530839

7th edition

Authors: Pierre Bergeron

See More Books

Posted Date: Feb 22, 2024 02:05 AM

See More Questions

The financial statements of CJ for the year to 31 March 2006 were as follows: Income statement for the year to 31 March 2006...
The selected transactions below were completed by Affordable Supplies Co., which sells supplies primarily to wholesalers and occasionally to retail customers. Instructions: Illustrate the effects of...
Alpha holds investments in two other entities, Beta and Gamma. All three entities prepare financial statements to 31 March and the statement of financial positions of the three entities at 31 March...
Define variable. Also discuss variable initialization.
Checker Flag Auto Parts, Inc., completed the following selected transactions during 2016: Jan 17 Sold inventory to Sandy Skovic, $500 on account. Ignore cost of goods sold. Jun 29 Wrote off Saidy...
Mr. and Mrs. Anderson own two shares of Magic Tricks Corporations common stock. The market value of the stock is $58. The Andersons also have $46 in cash. They have just received word of a rights...
An investigator is considering two blocking schemes for a $2^{4}$ design with 4 blocks. The two schemes are listed below. Scheme 1: $B_{1}=134, B_{2}=234$ Scheme 2: $B_{1}=12, B_{2}=13, B_{3}=1234$...
What are the assumptions underlying common queuing models?
Studying marketing would be a super useful tool to have because you can almost have x-ray vision to see how different companies use different tactics to sell a variety of products. Having a knowledge...
On May 1, 2022 Nankai Ltd. purchased a factory, including land, a building, and equipment for $7,200,000. Of this amount, 30% was paid in cash, 70% by signing a 10 year, 3%, note payable. In addition...
Companies must use the periodic inventory companies must a) use the periodic inventory system under GAAP b) use the periodic inventory system under IFRS. c) Use the perpetual system under IFRS, d)...
Exercise 8.4 Inventory Turnover Average Inventory = Opening Inventory Closing Inventory 2 Opening Inventory $5,320.00 Closing Inventory $4,590.00 Total $9,910.00 Average Inventory = Average Inventory...
The signals in a given month are available at the beginning of each month before the returns in this month are observed. For instance, in the second month, the realized returns on the market and the...
To recommend transitioning payroll processing to QuickBooks, follow these steps: Assess your payroll needs and confirm QuickBooks compatibility. Choose an appropriate QuickBooks plan with payroll...
You are employed as one of 2 Payroll Officers at Azure Beach Accountants and Financial Services (ABAFS), who manages payroll responsibilities for several clients. An employee of Fraser Electrical,...
for the ministry of public work the ledger shows the following data In the capital project fund Proceed of borrowing 3 m A grant revenue 4m Transfer in from the general fund 1 m Transfer out to debt...
Given the table below, about how much force does the rocket engine exert on the 4.0 kg payload? Distance traveled with rocket engine firing (m) Payload final velocity (m/s) 500 320 490 310 1020 450...
Why is it important for managers to ask questions such as How are we doing? and How will our business be protected?
Differentiate between internal and external financing. Give several examples.
Explain the various steps involved in the control system.
Describe the process of determining a nominal interest rate.
How does risk affect the financial management of sport organizations?
Of MLB, the NBA, and the NHL, which league has the most risk, and which has the least? Why?

Trade and other payables $ 300,000 Trade receivables 400,000 Cash 35,000 Marketable securities 55,000 Notes payable 40,000

Question:

Expert Answer:

The total current assets is 790000 This includes cash cash equivalents ... View the full answer

Finance for Non Financial Managers

Students also viewed these finance questions