All categories

2 years ago

Notes payable is the only other item on the balance sheet. notes payable must equal:_____.

Business

1 answer:

Damm [24]2 years ago

5 0

Notes payable is the only other item on the balance sheet. notes payable must equal total assets.

<h3>What is Notes payable?</h3>

Notes payable can be described as the long-term liabilities which help to show the money a company is owning the financiers.

It should be noted that this financier could be banks and other financial institutions , however they are long-term because they are payable beyond 12 months, hence Notes payable is the only other item on the balance sheet. notes payable must equal total assets.

Learn more about Notes payable at:

brainly.com/question/25148915

#SPJ1

You might be interested in

Performance OverArmour Co. manufactures and sells clothing, shoes, and athletic equipment. Performance incurred substantial loss

Oksi-84 [34.3K]

Answer:

Performance Over Armour Co.

The point when the group becomes a discontinued operation:

C. The date Performance classifies the group as held for sale

Explanation:

Immediately the group is classified as held for sale, it becomes a discontinued operation. Discontinued operation is a part of a company's core business or product line that has been divested or shut down. It is then reported separately from other continuing operations on the income statement.

8 0

3 years ago

Travis Corporation begins the year with $50,000 of tire inventory. The company purchases tires worth $150,000 during the year. A

bekas [8.4K]

Answer:

$170,000

Explanation:

Given that,

Travis Corporation begins the year with $50,000 of tire inventory that means inventories in the beginning of the year.

Purchases of tires during the year = $150,000

At the end of the year,

Purchase cost of remaining inventory = $30,000

Therefore,

Cost of goods sold:

= Beginning inventories + Purchases - Ending inventories

= $50,000 + $150,000 - $30,000

= $200,000 - $30,000

= $170,000

6 0

3 years ago

Sugarcane is vulnerable to the cane beetle, which can substantially reduce crop yields. Suppose that a new beetle‑resistant spec

Vanyuwa [196]

Answer:(1) Decrease (2) Increase (3) Decrease (4) Decrease (5) Not chanhe

Explanation: This tries to describe a free market economy,where price, quantity demanded and quantity supplied are influenced by the market forces. The improved productivity of the Sugarcane which is a major raw material for sugar production is increased,the cost of production of Sugarcane will decrease as productivity increases,the quantity supplied to the market will increase leading to decreased price for all sugar value chain. The price for Honey a sweetener will also decrease responding the increased demand for sugar but the price for textile will not change because it is not a substitute for sugar.

5 0

3 years ago

Six people are introduced at a business convention if each person shakes hands with each of the others how many handshakes will

Leviafan [203]

<span>If 6 people meet and shake hand with each other. First person will shake hand with other 5, second person had already shaked hand with 1st person and shake hand with other 4, and so on…</span>

So, the total no. of handshakes= 5+4+3+2+1=15 shakes

The other way to calculate this is by the formula n (n+1)/2

Where n is the no. of shake hands by very first person and that is 5.

So, the total no. of handshakes=5(5+1)/2

= 5(6)/2

=30/2

=15 shakes

3 0

3 years ago

What type of management style would you use if you supervised 20 employees?

7nadin3 [17]

The best management style is when employees are lead by example and not by command.

6 0

3 years ago