1. The Company has the following selected accounts after posting adjusting entries: Accounts Payable $80,000 Notes Payable, 3-month 40,000 Accumulated Depreciation-Equipment 16,000 Notes Payable, 5-year, 6% 100,000 Payroll Tax Expense 5,000 Interest Payable 2,300 100,000 Mortgage Payable 25,000 Sales Taxes Payable Prepare the current liability section of The Company's balance sheet, assuming $10,000 of the mortgage is payable next year.
Answers
The total current liabilities of the Company, assuming $10,000 of the mortgage payable next year is found as $137,300.
A current liability is a financial obligation that is due within a year. The current liabilities section of the balance sheet includes financial obligations that will be settled over the next year.
The following are the current liabilities of the Company, assuming $10,000 of the mortgage payable next year.
1. Accounts Payable $80,000
2. Payroll Tax Expense $5,000
3. Interest Payable $2,300
4. Notes Payable, 3-month $40,000
5. Sales Taxes Payable
6. Current portion of mortgage payable, $10,000
Mortgage Payable = $100,000
Mortgage Payable due in one year = $10,000
The following is the calculation of the current portion of the mortgage payable:
$100,000/5 years = $20,000 per year
$20,000/12 months = $1,667 per month
$1,667 * 6 months = $10,000
The total current liabilities are:
$80,000 + $5,000 + $2,300 + $40,000 + Sales Taxes Payable + $10,000 = $137,300
Sales Taxes Payable is not given in the problem, so it's unknown what the value is.
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Related Questions
general industries is expected to generate the below free cash flows over the next five years, after which free cash flows are expected to grow at a rate of 5% per year. if the weighted average cost of capital is 9% and general industries has cash of $15 million, debt of $45 million, and 80 million shares outstanding, what is general industries' expected current share price?
Answers
The predicted current share price for General Industries is $7.78. if the weighted average cost of capital is 9%, cash is $15 million, debt is $45 million, and there are 80 million shares outstanding.
Why should a value consider free cash flow?A greater price to free cash flow ratio in comparison to similar businesses suggests that a company's stock is overpriced. The price to free cash flow ratio can be used to evaluate a company's stock price in relation to its historical cash management methods.
Free cash flow calculation methods is?Subtract your capital expenditures and changes in working capital after adding your net income and depreciation. Net income plus depreciation and amortization, changed working capital, and capital expenditure are all included in free cash flow.
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_______________ is intentionally or unintentionally using someone else's work without giving credit to the original author or creator.
a.
Research
b.
Plagiarism
c.
Articulation
d.
Investigation
Answers
Answer:
b. Plagiarism
Explanation:
Plagiarism refers to the action of presenting somebody else work as your original work acknowledging the original author. Plagiarism may be deliberate or unintended. The internet has software applications that assist students and scholars check against plagiarism.
Plagiarism is considered an offense in the academic and scholarly world.
Answer:
B
Explanation:
edg2021
Can someone please help me with this!!!!
Answers
Answer:
Eh easy aall you have to do is pay 4,305 dolllars
Explanation:
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Answers
($14)(25)=$350
($25)(11)=$275
$350+$275= $625
TRUE / FALSE. in the context of measuring the performance of a business, identify a true statement about deviation analysis.
Answers
True.
Deviation analysis, in the context of measuring the performance of a business, involves analyzing and interpreting deviations or variations from expected or standard performance measures. Here is a true statement about deviation analysis:
Deviation analysis helps identify areas where actual performance deviates from planned or expected performance, enabling businesses to identify potential issues or areas for improvement. By comparing actual results to predetermined benchmarks or targets, businesses can assess the magnitude and significance of the deviations and take corrective actions if necessary.
Deviation analysis provides valuable insights into performance trends, highlights areas of concern, and helps organizations make informed decisions to enhance overall performance.
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Certain pieces of antique furniture increased very rapidly in price in the 1970s and 1980s. For example, the value of a particular rocking chair is well approximated by.
Answers
The price is discovered to be rising at a rate of 65% per year when compared to a conventional exponential function.
Modeling a rising exponential function looks like this:
\(V(t)=V(0)(1+r)^{t}\)
where V(0) is the starting point.
The growth rate, expressed as a decimal, is r.
The formula in this issue is:
\(V(t)=150(1.65)^{t}\)
We have that Comparing to the conventional equation
1+r=1.65
r=0.65
Thus:
The price is rising at a 65% annual rate.
Exponential growth and decay are the two different kinds of exponential functions. When b > 1, the function f (x) = bx represents exponential development. If 0 b 1, then the function f (x) = bx depicts exponential decay.
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Brie has a really busy day. She has several tasks to do and she needs to get them all done by the end of the day. She’s worried that she won’t be able to complete them all. Which of the following actions should her get each task done?
A. NOT LOOK AT THE CLOCK
B. SAVE SOME TASK FOR TOMMOROW
C. SPEND TIME REORGANIZING HER "TO DO" LIST
D. IMPOSE A TIME LIMT ON EACH TASK
Answers
Answer : C
Explanation:
Brie has a really busy day. She has several tasks to do and she needs to get them all done by the end of the day. The following actions should her get each task done spend time reorganizing her "To Do List."
What is "TO DO LIST?A to-do list is simply a list of tasks that need to be completed. In other words, pretty much anything and everything can be on your to-do list. However, just because you've written your tasks down doesn't mean they'll actually be done. You can prioritize your tasks and produce excellent work by keeping track of when they are due.
It is a list of things you need to get done or desire to do. They are usually arranged according to priority. They serve as a memory aid and are typically written on paper or post-it notes.
Further that TO DO LIST have to complete is one of the core time management tools. It places all of your tasks in one location. From there, you can order them by importance and focus on the most crucial ones first.
Therefore brain is not the most effective memory tool and only relies on methods that it is certain will work.
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On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720.
Answers
Complete Question:
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720
Journalize the first interest payment and the amortization of the related bond discount using the Straight line method
Answer:
Kindly check Explanation
Explanation:
Given the following :
Face value of bond issued = $1,450,000
Cash received on Issuance = $1,408,720
Number of Interest payment on bond = 5 × 2 = 10(semiannual)
Therefore, discount on bond :
$(1,450,000 - 1,408,720) = $41,280
Spreading or amortizing diacou t on bond over the bond duration (use te straight line method)
Discount / period
$41,280 / 10 = $4,128
Interest expense a/c Dr $40,378
To discount on bond payable a/c Cr $4128
To cash a/c $36,250
2. Once someone is promoted to facility manager, the job becomes easier because the person has subordinates who can help them. Therefore, they do not need to spend as many hours at the facility. a. True b. false
Answers
The statement "Once someone is promoted to facility manager, the job becomes easier because the person has subordinates who can help them. Therefore, they do not need to spend as many hours at the facility" is false because the promotion to the position of facility manager often means that more responsibilities are entrusted to the person holding that position and the job becomes more challenging.
Facility management involves a wide range of responsibilities and duties that are essential for the smooth operation and maintenance of a facility.
Once someone is promoted to the position of facility manager, they become responsible for supervising the daily operations of the facility, coordinating with various teams, overseeing facility maintenance and repairs, ensuring compliance with safety and health standards, and managing the facility's budget and resources.
As such, the job of a facility manager can become more demanding after their promotion. Although subordinates may provide support, they do not take away the facility manager's responsibility for ensuring that all aspects of the facility's operation are running smoothly.
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3) What is the present value of $1000, received at the end of 4 years of investment, with a discount rate of 4%?
Answers
Answer:
$854.81
Explanation:
The formula for calculating the present value is as below
PV = FV/( 1 + r)^n
Where Fv =1000
r = 4% or 0.04
n= 6
PV = $1000/ (1 + 4/100)^4
PV=$1000/(1 + 0.04)^4
PV=$1000/1.16985
PV =$854.81
.
Answer:
3629.9
Explanation:
I just did the test and thats what it told me the correct answer was.
Karen makes custom jewelry. In order to sell her jewelry, Karen rents a small kiosk at the local mall for $50 per month. She must buy blank medallions, stones, and chains to make her custom necklaces. These supplies cost approximately $30. Karen sells her necklaces for $55 each. How many necklaces must she sell to cover her costs?
Answers
Answer:
She will break even each month / cover her costs by selling 2 necklaces
Explanation:
If it's $50 a month, that is Karen's total monthly costIt costs $30 to make each necklaceShe sells the necklace for $55 eachTotal profit for each necklace therefore = sales price - cost, or $55 - $30, which is $25 profit per necklaceTo cover rent, which is $50, you take rent / profit per necklace or $50 / $25 profit per necklace, which is 2 necklacestotal revenue minus the explicit costs of production is _____ profit ____ total revenue minus the total ____ costs of production is accounting profit.
Answers
Total revenue minus the explicit costs of production is economic profit, while total revenue minus the total implicit costs of production is accounting profit.
Economic profit is a measure of a firm's profitability that considers both explicit and implicit costs. Explicit costs are the direct expenses that a business incurs, such as labor costs, material costs, and rent.
Implicit costs are the opportunity costs that arise from using resources for a particular purpose instead of their next best alternative use. Economic profit takes into account all of these costs and provides a more accurate picture of a firm's profitability.
Accounting profit, on the other hand, is a measure of a firm's profitability that only considers explicit costs. It is calculated by subtracting explicit costs from total revenue.
Accounting profit provides a more limited view of a firm's profitability, as it does not take into account the opportunity costs associated with using resources for a particular purpose.
In summary, economic profit provides a more comprehensive measure of a firm's profitability by considering both explicit and implicit costs, while accounting profit provides a more limited view by only considering explicit costs.
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Help please :)
In a circular flow diagram, households represent the elements of the
economy that:
A. sell products to consumers.
B. produce goods and services.
C. provide businesses with materials.
D. purchase and consume products,
Answers
Answer:
Produce good & services
Explanation:
In the circular-flow model of an economy, households own all the factors of production. Households earn their income when firms purchase or rent these factors of production to use them to produce goods and services. Firms, in turn, earn revenue when households buy goods and services.
Answer: B
Explanation:
The Role of Households
In a circular flow diagram, households consume the goods offered by the firms. However, households also offer firms factors so that the firms can produce products for the household to later consume.
Peter and marcia, both age 34, can each pay $650 a year each on life insurance for themselves. about how much is the face value of the largest combination of policies they can buy? for age 34, a 10-year term for male is 1.45 and for female is 1.24. a 20-year term for male is 1.89 and female is 1.46. a. $1,945,000 b. $972,000 c. $789,000 d. $806,000 please select the best answer from the choices provided a b c d
Answers
The face value is $972000. All premiums paid are accustomed cowl the value of insurance protection. The term is also one, five, 10, 20 years, or longer.
With the age of the customer, the insurance premiums additionally rise. The younger. Similarly, the older your age is, the higher the insurance premium. Health Insurance Premium will increase with age because it is believed that with the rising age, possibilities of health issues conjointly rise, which is why consequently, the premium quantity will increase.
Generally, the older someone is, the upper the price of their insurance is. This can be a result of insurance policies area unit designed to pay a benefit once the insured passes away; the additional probably it's that the named insured can die throughout the policy amount, the upper rates are.
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Randy owns a shoe company and recently retooled his company's marketing mix strategy. His new target market is wealthy, craftsman-quality-seeking younger individuals. He has hired more craftsmen in his factory, purchased premium materials to construct high-quality shoes and will distribute the shoes through Nordstroms, Zappos, and his own website. Shoe prices now begin at $500 and up. What promotion strategy would support the rest of his marketing mix decisions?
Answers
The promotion strategy should use is direct marketing.
Direct Marketing is simply known as a type of marketing that is often aim directly to a person. By communicating your product with a narrow group of potential customers, one can promote their offerings through telephone marketing, snail mail, email, or catalogs and brochures.
Thougn a lot of offers are available through junk mail and telemarketers, direct marketing still very important.
It gives a producer or companies a predictable and cost-effective way of reaching their target markets.
Conclusively, the use of popular promotional tactic of deploying email messages to people who have interacted with a service is still very good method to use.
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what is the biggest attraction for business considering enganing in international business?
A. The lack of domestic resources
B. The cost of labor
C. The number of burdensome regulations
D. The size of the market
Answers
Answer:
A the lack of domestic resources
Solar energy is the least expensive source of renewable energy in the United States. True False
Answers
Answer:
False
Explanation:
Solar energy is one of the most expensive energy sources out there look it up!
Answer:
False
I think
Which of the following equations represents how internal supply can be calculated for a specific employer?
a. Internal Supply for Next Year = Current Staffing Level + Projected Outflows This Year + Projected Inflows This Year b. Internal Supply for Next Year = Current Staffing Level + Projected Outflows This Year – Projected Inflows This Year c. Internal Supply for Next Year = Current Staffing Level – Projected Outflows This Year – Projected Inflows This Year d. Internal Supply for Next Year = Current Staffing Level – Projected Outflows This Year + Projected Inflows This Year
Answers
The option (d) is the correct equation that represents how internal supply can be calculated for a specific employer.
The following equation represents how internal supply can be calculated for a specific employer:
Internal Supply for Next Year = Current Staffing Level - Projected Outflows This Year + Projected Inflows This Year.
An internal supply is the number of employees that the employer will have available for the next year. The internal supply is the difference between the current staffing level and the projected outflows plus the projected inflows. The correct option is (d) Internal Supply for Next Year = Current Staffing Level - Projected Outflows This Year + Projected Inflows This Year.
Therefore, option (d) is the correct equation that represents how internal supply can be calculated for a specific employer.
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Adele got a loan for $8,000 at 12% for 24 months.
The monthly payments are $376.80.
After 15 payments, the balance is $3222.44
1.
Adele wants to pay off her loan right now. What is the interest on the final payment?
2. If she wanted to pay off the loan right now, how much would it cost (hint: use your answer from (a) to help)?
3. What would have been the total amount she would have paid if she didn't pay it off early?
4. How much money has she already paid after 15 payments?
5. How much money was saved by paying the loan off early?
Answers
What are two critical issues in the united states today that depend on the ready availability of money?
Answers
Economic growth and the creation of employment rely on the availability of money. Theoretically, with the proper economic policy, the U.S. economy can resume growing without generating inflation.
What is monetary policy?Monetary policy is the control of the amount of money available in an economy and the tracks by which new money is supplied. Economic statistics such as gross domestic product (GDP), the rate of inflation, and enterprise and sector-specific growth rates influence the monetary policy approach.
Central banks have four main monetary policy instruments: the reserve requirement, open market functions, the discount rate, and interest on reserves.
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The use of different national currencies creates a barrier to further growth in international business
activity due to conversion costs and exchange-rate risk.
1. What are the pros and cons, among companies and governments, of replacing national currencies
with a global currency?
2. Who (in your opinion) would manage a global currency?
3. How would this be implemented throughout the world?
4. What would the currency be? Would it align with a specific country?
5. What are the risks associated with a global currency?
Answers
The pros of a global currency include reduced transaction costs and exchange-rate risks, while the cons include loss of monetary policy control and potential resistance from countries.
Pros of replacing national currencies with a global currency include reduced conversion costs and exchange-rate risk, increased global trade, and enhanced economic stability. Cons include loss of national monetary policy control, potential resistance from countries with strong currencies, and the need for a globally accepted authority to manage the currency.
The management of a global currency would require a global institution or authority with significant political and economic power, such as the International Monetary Fund (IMF) or the World Bank.
Implementing a global currency would likely require significant international agreement and cooperation, possibly through a phased approach with participating countries gradually adopting the new currency over time.
The specific currency that would be used as a global currency is unclear, but it could potentially be a newly created currency or an existing currency that is widely accepted across the world.
Risks associated with a global currency include potential economic and political conflicts between participating countries, loss of monetary policy control at the national level, and the potential for currency manipulation or fraud. Additionally, the transition to a global currency could be difficult and potentially disruptive to global financial markets.
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assume+a+bank+offers+an+effective+annual+rate+of+7.26%.+if+compounding+is+monthly+what+is+the+apr?
Answers
The APR (Annual Percentage Rate) can be calculated based on the given effective annual rate of 7.26% with monthly compounding. The APR is approximately 6.98%.
The APR represents the annualized interest rate charged by a financial institution. It is used to compare different loan or investment options. In this case, we are given the effective annual rate of 7.26%, which takes into account the compounding frequency of monthly. To calculate the APR, we need to find the nominal interest rate that would result in the same effective annual rate when compounded monthly. We can use the following formula APR = (1 + i)^n - 1 Where i is the nominal interest rate and n is the number of compounding periods in a year. By substituting the values into the formula, we can solve for i: (1 + i)^12 - 1 = 0.0726 Simplifying the equation: (1 + i)^12 = 1.0726 Taking the twelfth root of both sides: 1 + i = (1.0726)^(1/12) 1 + i = 1.005992 Subtracting 1 from both sides: i = 0.005992 Converting the decimal to a percentage, the APR is approximately 0.5992%, which is rounded to 6.98%.
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1 pts Your friend wants to make a bet with you, and he gives you two options. If you choose Option 1, you will have an 80 percent chance of winning $100, but a 20 percent chance of losing $100. If you choose Option 2, you are guaranteed to win $5. If you are like most people when it comes to making decisions, you would probably choose ________ because of ________. Group of answer choices Option 1; confirmation bias Option 2: anchoring Option 1; the availability heuristic Option 2: loss aversion
Answers
A person, similar to most other people, in the situation given above will choose confirmation bias because of the loss aversion.
What is confirmation bias?The general human tendency to decide or favor with a particular thing in such a way that there are no chances of losing, and it guarantees or confirms a benefit, is known as a confirmation bias.
Hence, options A-1; B-2 hold true regarding the confirmation bias in the given situation.
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What are some sites or locations in the problem domain of a restaurant?
-Seating area
-Kitchen
-Restrooms
-Office
-Refrigerator/Freezer
-Delivery Vehicle(s)
-Counter
-Entry
Answers
Some of the key sites or locations in the problem domain of a restaurant include the seating area, the kitchen, restrooms, the office, the refrigerator/freezer, the delivery vehicles, the counter, and the entry.
Problem domain refers to the specific area or domain of the user's business need or problem that is within the scope of the system. Few key sites or locations in the problem domain of a restaurant include:
the seating area, where customers sit and eat their meals; the kitchen, where food is prepared;
the restrooms, which are used by both customers and employees;
the office, where administrative tasks are performed;
the refrigerator/freezer, where food is stored;
the delivery vehicle(s), which are used to transport food to customers;
the counter, where customers place their orders and pay for their meals; and
the entry, where customers enter and exit the restaurant.
Each of these sites plays an important role in the operation of a restaurant, and understanding how they work together is essential for success in the restaurant industry.
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what is the best free editing app for gamers?
Answers
+50 pts Which examples demonstrate common Therapeutic Services workplaces and employers? Check all that apply.
Reiko owns and operates her own private chiropractic practice.
Barney performs experiments in a research laboratory at a university.
Harmony assists with surgeries in a nonprofit community hospital.
Lionel listens to audio recordings and transcribes them in his home office.
Piper prepares food for customers in a restaurant.
Ian helps patients with basic tasks in their own homes.
Answers
Answer:a, c, f
Explanation:just got it right on edge
The following examples demonstrate common Therapeutic Services for workplaces and employers.
Reiko owns and operates her own private chiropractic practice.Harmony assists with surgeries in a nonprofit community hospital.Ian helps patients with basic tasks in their own homes.The correct options are A, C, and F.
What is the difference between therapy and therapeutics?An expert in mental health must be present and collaborating with you for something to be deemed "therapy." Even though the effects of therapy might be therapeutic, only the time spent with the mental health counselor actually counts as therapy.
To address an identified health issue, therapeutic procedures are carried out. The administration of prescription drugs, surgical procedures, and psychotherapy are just a few of the diverse processes that they cover. You have the chance to examine your thoughts, feelings, and behavioral patterns by working with a psychologist, therapist, or counselor in a therapeutic relationship. It can also assist you in picking up new coping mechanisms and methods to better handle the daily stresses and symptoms connected to your diagnosis.
Thus, the ideal selection is options A, C, and F.
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g. Discuss 3 reasons why governments support business start-ups.
Answers
Answer:
Supporting them means giving the innovation economy a better chance to find solutions. Startups disrupt, transform and better old ideas and create new ones. By doing so they create new markets and opportunities which in turn create more jobs and improve people's lives.
sectoral shifts: group of answer choices depend on the level of the minimum wage. explain the payment of efficiency wages. depend on the level of the unemployment benefit level. make frictional employment inevitable.
Answers
Sectoral shifts are modifications to how demand is distributed among industries or geographical areas. Sectoral shifts make frictional unemployment inevitable.
Because their skills are no longer required or appropriate, those working in outmoded industries will not be able to find work in the rest of the economy when there are sectoral shifts. Structural unemployment results from this.
Sectoral shifts are modifications to how demand is distributed among industries or geographical areas. Sectoral transitions could result in unemployment because it takes time for workers to look for work in the new sectors.
Sectoral movements result in frictional unemployment since it takes time for people to switch industries.
Seasonal unemployment is the best way to characterize the transient unemployment brought on by such sectoral changes in the economy. Unemployment that results from a brief decline in a product's demand is known as seasonal unemployment.
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Kathy and Jake are purchasing a house and are financing $465,000. The mortgage is a 20-year
5/1 ARM at 3.5% with a 2/7 cap structure. What will the remaining balance be after the first 5 years?
a $396,038.65
b$427,354.28
c $407,836.29
d $377,238.57
Answers
Answer:
D
Explanation:
The remaining balance on a 20-year 5/1 ARM at 3.5% interest with a 2/7 cap structure after 5 years will be $377,238.57.
Pro life tip: Do NOT finance your home with an ARM mortgage.
Good luck in your studies!
Which one of these values can you usually expect from persons of integrity?
Answers
VALUE FROM PEOPLE WITH INTEGRITY:
- Responsibility. People who have integrity take responsibility for their actions no matter what they did.