You are compiling Bertram Boat’s balance sheet. According to your calculations, Bertram has current assets of $85,000 and property, plant, and equipment of $235,000. Your supervisor reminds you, however, that your figures fail to account for the fact that Bertram anticipates it will collect only $48,000 of its $50,000 accounts receivable in cash. With this information in mind, what are Bertram’s total assets?

$318,000

Explanation:

The computation of the total assets is shown below:

= Current assets +  property, plant, and equipment - difference in amount

= $85,000 + $235,000 - $2,000

= $318,000

The difference of amount is

= Account receivable - collected amount

= $50,000 - $48,000

= $2,000

Since the current asset is already given so we considered the difference in amount to find out the total asset.

hi noah!

the first time you break a rule, you get a warning.

if you continue to break rules you get kicked out for a certain amount of time.

so, to answer your question 1.

hope this buddy!

- courtney

the clients (funders) and customers (individual nonprofit staff) are great to work with. that i can be open about being a person of faith when appropriate. the variety of my tasks each day.