The following are held by smite co.:
cash in checking account
$20,000
cash in bond sinking fund account
30,000
post-dated check from customer dated
one month from balance sheet date
250
petty cash
200
commercial paper (matures in two months)
7,000
certificate of deposit (matures in six months)
5,000
what amount should be reported as cash and cash equivalents on smite’s balance sheet?
a. $57,200
b. $32,200
c. $27,200
d. $27,450

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.