Business, 07.05.2020 12:57 jonellelewis2897
On January 1, 2020, Carla Vista Co., a calendar-year company, issued $1,800,000 of notes payable, of which $450,000 is due on January 1 for each of the next four years.
The proper balance sheet presentation on December 31, 2020, is:
a) Current liabilities, $1,800,000.
b) Long-term debt, $1,800,000.
c) Current liabilities, $450,000; Long-term Debt, $1,350,000.
d) Current liabilities, $450,000; Long-term Debt, $900,000.
Answer from: lollok
c) Current liabilities, $450,000; Long-term Debt, $1,350,000.
Explanation:
The presentation of the long term liabilities of the balance sheet is presented below:
Liabilities section
Current liabilities
Note payable $450,000
Long term liabilities
Remaining balance $1,350,000
Total liabilities $1,800,000
Since the note payable is due for four years for $450,000 each so it shows the current liabilities and the remaining balance is transferred to the long term liabilities
Answer from: Quest
answer; the correct answer is (direct foreign investment);
Answer from: Quest
i'ts proportional. if the inflation rate is 12% for example, the cpi will be 12% less.
hope it ,
bioteacher101
Business, 21.06.2019 19:40, hollycoleman13
Uppose stanley's office supply purchases 50,000 boxes of pens every year. ordering costs are $100 per order and carrying costs are $0.40 per box. moreover, management has determined that the eoq is 5,000 boxes. the vendor now offers a quantity discount of $0.20 per box if the company buys pens in order sizes of 10,000 boxes. determine the before-tax benefit or loss of accepting the quantity discount. (assume the carrying cost remains at $0.40 per box whether or not the discount is taken.)
Answers: 1
Business, 22.06.2019 10:50, dbhuggybearow6jng
Melissa is a very generous single woman. before this year, she had given over $11,400,000 in taxable gifts over the years and has completely exhausted her applicable credit amount. in the current year, melissa gave her daughter riley $100,000 and promptly filed her gift tax return. melissa did not make any other gifts this year. how much gift tax must riley pay the irs because of this transaction?
Answers: 2
Business, 22.06.2019 15:00, cheyfaye4173
Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget. the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead. a total of 119,300 units, using 478,000 direct labor hours, were produced during the year. actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.
Answers: 3
Business, 22.06.2019 20:50, lopez5628
Many potential buyers value high-quality used cars at the full-information market price of € p1 and lemons at € p2. a limited number of potential sellers value high-quality cars at € v1 ≤ p1 and lemons at € v2 ≤ p2. everyone is risk neutral. the share of lemons among all the used cars that might be potentially sold is € θ . suppose that the buyers incur a transaction cost of $200 to purchase a car. this transaction cost is the value of their time to find a car. what is the equilibrium? is it possible that no cars are sold
Answers: 2
On January 1, 2020, Carla Vista Co., a calendar-year company, issued $1,800,000 of notes payable, of...
Social Studies, 20.08.2019 17:00
Mathematics, 20.08.2019 17:00
Social Studies, 20.08.2019 17:00
English, 20.08.2019 17:00
Mathematics, 20.08.2019 17:00
Mathematics, 20.08.2019 17:00
Physics, 20.08.2019 17:00
Mathematics, 20.08.2019 17:00