1 . Kraft Enterprises owns the following assets at December 31 , 2012 . | ||||
Cash in bank – savings account |
67,51
6
|
26 , 44
Checking account balance
5
|
||
Cash on hand |
9,478 |
Postdated checks |
753 |
|
Cash refund due from IR |
40,32 |
Certificates of deposit ( 180
94,75
|
||
S |
4 |
-day) |
4 |
|
What amount should be reported as cash ? | ||||
Question 2 | ||||
Presented below is information related to Rembrandt Inc .’ s inventory . | ||||
( per unit ) |
Skis |
Boots |
Pa |
|
rkas Historical Cost |
273.79 |
152.75 |
76 |
|
. 37 Selling Price |
312.70 |
208.95 |
10 |
|
6.27 Cost to distribute |
27.38 |
11.53 |
3.6 |
|
0 Current replacement cost |
292.52 |
151.31 |
73 |
|
. 49 Normal profit margin |
46.11 |
41.79 |
30 |
|
. 62 Determine the following : Question 3 |