Below are several amounts reported at the end of the year. Currency located at the company $ 1,050 Supplies 3,200 Short-term investments that mature within three months 1,950 Accounts receivable 3,500 Balance in savings account 8,500 Checks received from customers but not yet deposited 650 Prepaid rent 1,450 Coins located at the company 110 Equipment 9,400 Balance in checking account 6,200 Required: Calculate the amount of cash to report in the balance sheet.

$18,460

Explanation:

Amounts that will go towards the cash account at the end of the year include all actual cash, undeposited checks, bank balances and short term investments.

The Total amount of cash to report will therefore be;

= Currency located at the company + Short-term investments that mature within three months + Balance in savings account + Checks received from customers but not yet deposited + Coins located at the company + Balance in checking account

= 1,050+ 1,950 + 8,500 + 650 + 110 + 6,200

= $18,460

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

answer; capital structure decision;