Business, 07.03.2020 04:29 makeithappen60

Richter Industries has the following items:

Currency $27,500
Customer checks that have not been deposited 850
U. S. government bonds that originally maturing in 3 months 11,000
U. S. government bonds that originally maturing in 12 months 14,000
Cash in saving and checking accounts 50,000
Certificates of deposits that originally maturing in 18 months 47,000
Required:

How much should Richter report as cash and equivalents on its balance sheet?

Answers: 3

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Answers

Answer from: Lcorbett7414

Total Cash and Cash equivalent 89,350‬

Explanation:

Cash and cash equivalent is composed of the cash and all items that could be converted into cash within a short period of 90 days.

Within a period of 90 days all these items will become cash or already are cash.

Currency 27,500Customer checks that have not been deposited 850U.S. government bonds that originally maturing in 3 months 11,000Cash in saving and checking accounts 50,000

Total Cash and Cash equivalent 89,350‬

U.S. government bonds that originally maturing in 12 months 14,000

Certificates of deposits that originally maturing in 18 months 47,000

These are not considered as they mature (become liquid in a longer period than 90 days (3-months)

Answer from: Quest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

Answer from: Quest

The answer is b i think

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Richter Industries has the following items:

Currency $27,500
Customer checks that...

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