Cheyenne corporation’s adjusted trial balance contained the following asset accounts at december 31, 2020: cash $9520, land $4, patents $15700, accounts receivable $97570, prepaid insurance $6030, inventory $42700, allowance for doubtful accounts $5350, and equity investments (to be sold in the next quarter) $14640. prepare the current assets section of the balance sheet. (list current assets in order of liquidity.)

2020BALANCE SHEETS

$9,520Cash

$14,640Equity Investments

$92,220Accounts Receivable

$42,700Inventory

$6,030Prepaid Insurance

$165,110  TOTAL CURRENT ASSETS  

Explanation:

Liquidity it's define as the speed of an assets to be converted to cash,

the assets that take less days to buy or to sold are more liquid than others.

Cash it's the assets most liquid then are the Accounts Receivables and Inventories for last, in the middle exist different assets as Equity investments.

Prepaid expenses are not liquid because these accounts doesn't means the company could get cash if not that the company have  rights over something.

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.