All categories

2 years ago

If a liability is classified as current, rather than noncurrent, the company's working capital will ______.

1 answer:

8 0

If liability is classified as current, rather than noncurrent, the company's working capital will <u>decrease</u>.

Legal responsibility is something someone or an agency owes, usually a sum of money. Liabilities are settled over time through the switch of financial benefits inclusive of cash, goods, or services.

Assets are the items your corporation owns that could offer destiny economic benefit. Liabilities are what you owe different parties. In brief, belongings are placed to cash in your pocket, and liabilities take cash out.

In economic accounting, legal responsibility is described as the future sacrifices of economic advantages that the entity is obliged to make to other entities due to past transactions or different past activities.

Learn more about the liability here brainly.com/question/24130118

#SPJ4

You might be interested in

Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31 bank statement shows an end

Tema [17]

Answer:

<u>Bank Reconciliation Statement </u>

Balance at bank as per Cash Book (Up to date) $67,438

Add Unpresented Cheques $128

Less Lodgements not yet credited 0

Balance as per Bank Statement $67,566

Explanation:

<em>Step 1 Bring the Cash Book Bank Balance Up to Date as follows :</em>

Debit :

Balance as at March 31 $68,057

Interest Earned $33

Totals $68,090

Credit:

Bank Charge- Safety deposit box $50

Cleared Check $500

Bank Charges - Printed Checks $102

Bank Balance (Updated) $67,438

Totals $68,090

<em>Step 2 Prepare a Bank Reconciliation Statement </em>

<u>Bank Reconciliation Statement </u>

Balance at bank as per Cash Book (Up to date) $67,438

Add Unpresented Cheques $128

Less Lodgements not yet credited 0

Balance as per Bank Statement $67,566

4 0

3 years ago

A portfolio consists of 40% in Security A and 60% in Security B. The covariance matrix for A is 144, 225; for B is 225, 81. The

zheka24 [161]

Answer:

A portfolio consists of 40% in Security A and 60% in Security B. The covariance matrix for A is 144, 225; for B is 225, 81. The standard deviation for the portfolio is <u>12.7</u>

Option D is correct

Explanation:

Wa: 0.4

Wb: 0.6

a^2: 144

b^2: 81

Cov(a,b): 225

Portfolio Variance:

: (0.4*0.4*144) + (0.6*0.6*81) + (2*0.4*0.6*225)

: 160.2

Portfolio Standard Deviation: 12.7

6 0

4 years ago

Read 2 more answers

An investor purchases one September T-bond futures contract at 115-110. The settlement price for the contract on next day is 117

kow [346]

Answer:

the correct answer is $2,359.38

good luck

6 0

3 years ago

yler Tooling Company uses a job order cost system with overhead applied to products on the basis of machine hours. For the upcom

OlgaM077 [116]

Answer:

1. $7.00

2. $49,000

3. $33,200

Explanation:

1. The computation of predetermined overhead rate is shown below:-

Predetermined overhead rate = Estimated overhead ÷ Estimated machine hours

= $420,000 ÷ 60,000

= $7.00

2. The computation of total manufacturing overhead applied is shown below:-

Particulars Job 101 Job 102 Job 103 Total

Direct material $19,200 $14,400 $9,600 $43,200

Direct labor $28,800 $11,200 $9,600 $49,600

Manufacturing

overhead $7,000 $28,000 $14,000 $49,000

Total $55,000 $53,600 $33,200 $141,800

3. The computation of balance in the Work in Process Inventory account at the end of the first month is shown below:-

Particulars Job 101 Job 102 Job 103 Total

Direct material $19,200 $14,400 $9,600 $43,200

Direct labor $28,800 $11,200 $9,600 $49,600

Manufacturing

overhead $7,000 $28,000 $14,000 $49,000

Total $55,000 $53,600 $33,200 $141,800

Job 101 is completed and sold

Job 102 is completed and kept in finished goods inventory.

Job 103 is balance which indicates the work in progress.

4 0

3 years ago

Western steer purchased some three-year macrs property three years ago. what is the current book value of this equipment if the

Anestetic [448]

Answer: The current book value of an equipment purchased three years ago is $6983.925 .

There are two ways to solve this question.

<h3>Method 1</h3>

In this method, we compute the depreciation for each of the three years and deduct the total depreciation calculated from the purchase value of the equipment to arrive at the book value of the equipment.

Equipment Value: $94,250

Year MARCS Depreciation Rate Depreciation

1 0.3333 $94250*0.3333 = 31413.525$

2 0.4445 $94250*0.4445 = 41894.125
$

3 0.1481 <u> $94250*0.1481 = 13958.425
$ </u>

Total 87266.075

Value at the end of year 3 is $94,250 - 87266.075 = 6983.925

<h3>Method 2</h3>

In this method, we add up the depreciation rates and deduct from 1. We then find the product of this number and the cost of the equipment to arrive at the current book value.

$Current Book Value = [1 - (0.3333+0.4445+0.1481)]*94250$

$Current Book Value = [1 - (0.9259)]*94250$

$Current Book Value = [0.0741]*94250$

$\mathbf{Current Book Value = 6983.925
}$

6 0

3 years ago