The following is the ending balances of accounts at december 31, 2016, for the vosburgh electronics corporation. account title debits credits cash 67,000 short-term investments 182,000 accounts receivable 123,000 long-term investments 35,000 inventories 215,000 loans to employees 40,000 prepaid expenses (for 2017) 16,000 land 280,000 building 1,550,000 machinery and equipment 637,000 patent 152,000 franchise 40,000 note receivable 250,000 interest receivable 12,000 accumulated depreciation—building 620,000 accumulated depreciation—equipment 210,000 accounts payable 189,000 dividends payable (payable on 1/16/17) 10,000 interest payable 16,000 taxes payable 40,000 deferred revenue 60,000 notes payable 300,000 allowance for uncollectible accounts 8,000 common stock 2,000,000 retained earnings 146,000 totals 3,599,000 3,599,000 additional information: 1. the common stock represents 1 million shares of no par stock authorized, 500,000 shares issued and outstanding.2. the loans to employees are due on june 30, 2017.3. the note receivable is due in installments of $50,000, payable on each september 30. interest is payable annually.4. short-term investments consist of marketable equity securities that the company plans to sell in 2017 and $50,000 in treasury bills purchased on december 15 of the current year that mature on february 15, 2017. long-term investments consist of marketable equity securities that the company does not plan to sell in the next year.5. deferred revenue represents customer payments for extended service contracts. eighty percent of these contracts expire in 2017, the remainder in 2018.6. notes payable consists of two notes, one for $100,000 due on january 15, 2018, and another for $200,000 due on june 30, 2019.required: prepare a classified balance sheet for vosburgh at december 31, 2016.

2016        Balance Sheet

$697,000  TOTAL CURRENT ASSETS  

$2,064,000  TOTAL NONCURRENT ASSETS  

$2,761,000  TOTAL ASSETS  

$303,000  TOTAL CURRENT LIABILITIES  

$312,000  TOTAL NONCURRENT LIABILITIES  

$615,000  TOTAL LIABILITIES  

$2,146,000  TOTAL EQUITY  

$2,761,000  TOTAL EQUITY + LIABILITIES

Explanation:

2016        Balance Sheet

$67,000  Cash

$132,000Marketable Securities

$50,000  Treasury Bills

$115,000  Accounts Receivable

$215,000Inventory

$16,000  Prepaid Expenses

$50,000  Note Receivable

$12,000  Interest Receivable

$40,000  Loans to Employees

$697,000  TOTAL CURRENT ASSETS  

$280,000Land

$637,000Machinery and Equipment

-$210,000Accum Depreciation

$1550,000Buildings

-$620,000Accum Depreciation

$152,000Patents

$40,000  Franchise

$200,000Note Receivable

$35,000  Marketable Securities Long Term

$2,064,000  TOTAL NONCURRENT ASSETS  

$2,761,000  TOTAL ASSETS  

$189,000  Accounts Payable  

$40,000   Taxes Payable  

$48,000   Deferred Revenue  

$16,000    Interest Payable  

$10,000    Dividends Payable  

$303,000  TOTAL CURRENT LIABILITIES  

$12,000     Deferred Revenue  

$300,000  Notes Payable  

$312,000  TOTAL NONCURRENT LIABILITIES  

$615,000  TOTAL LIABILITIES  

$2,000,000  Common Stock  

$146,000  Retained Earnings  

$2,146,000  TOTAL EQUITY  

$2,761,000  TOTAL EQUITY + LIABILITIES  

Cash

Marketable Securities

Treasury Bills

Accounts Receivable

Inventory

Prepaid Expenses

Note Receivable

Interest Receivable

Loans to Employees

Land

Machinery and Equipment

Accum Depreciation

Buildings

Accum Depreciation

Patents

Franchise

Note Receivable

Marketable Securities Long Term

Accounts Payable  

Taxes Payable  

Deferred Revenue  

Interest Payable  

Dividends Payable  

Deferred Revenue  

Notes Payable  

Common Stock  

Retained Earnings  

Liquidity is defined as the speed of the assets that will be converted into cash, assets that take less days to buy or sell are more liquid than others.

Cash is the most liquid asset, then Accounts Receivable and Inventories for the end, in the middle there are different assets such as capital investments.

Prepaid expenses are not liquid because these accounts do not mean that the company can get cash unless the company has rights to something.

sound is invisible, but sometimes we can feel it. when a kettle-drum is thumped with a stick that time the tight drum skin moving up and down very quickly for some time and then it pumped sound waves into the air. loudspeakers also work in a similar manner.

components of a speaker:

electromagnet

in order to translate an electrical signal into an audible sound, an electromagnet is used in looudspeakers

  suspension

suspension is used to   center the voice coil in the gap of the magnet and it exerts a restoring force to keep it there. suspension is used to limits the maximum mechanical excursion of the diaphragm and voice coil.

voice coil

voice coil is a coil of wire which is attached to the apex of a loudspeaker cone. it provides the motive force to the cone by the reaction of a magnetic field to the current passing through it.

cone

in a   loudspeaker, a   thin, semi-rigid membrane attached to the voice coil, which moves in a magnetic gap due to which it vibrates   and produced sound. it is known as diaphragm and it can also be called a cone, though not all speaker diaphragms are cone-shaped.

surround

surround is also known as front suspension. surround is used to join the cone to the chassis. together with the suspension it controls the cone excursion, and it is also used to   determine how energy which is   travelling through the cone is absorbed, and how the speaker limits when it reaches the ends of its travel.

dustcap

dustcap is used to protect the voice coil from dust and dirt. it is a part of the cone.

how speaker work

the outer part of the cone is fastened to the outer part of the loudspeaker's circular metal rim. the inner part is fixed to   voice coil that sits just in front of a permanent magnet . when loudspeaker is hooked up to a stereo, electrical signals feed through the speaker cables into the coil. it will convert the coil into an electromagnet magnet . when electricity flows back and forth in the cables, the electromagnet either repels or attract the permanent magnet. this moves the coil back and forth, and it pull and push the loudspeaker cone. like a drum skin vibrating back and forth, the moving cone pumps sounds out into the air.in this way loudspeakers works.

answer; manager working long hours; plz check i believe this is correct good luck;