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statuscvo [17]
2 years ago
6

Obligations not expected to be paid within one year (or the company's operating cycle if longer than one year) are reported as?

Business
1 answer:
wariber [46]2 years ago
3 0

Obligations not expected to be paid within one year (or the company's operating cycle if longer than one year) are reported as long-term liabilities.

Long-term liabilities, or non-present day liabilities, are liabilities which are due beyond a year or the normal operation period of the company. The everyday operation period is the amount of time it takes for a company to show stock into cash. long-time period liabilities, also referred to as long-term debts, are money owed a company owes 1/3-party creditors that are payable past twelve months. This distinguishes them from current liabilities, which a company should pay within one year.at the stability sheet, lengthy-term liabilities appear together with modern liabilities. together, these constitute everything a company owes. Price of these money owed is mandatory.on the stability sheet, lengthy-time period liabilities appear along side current liabilities. together, those represent everything a corporation owes. Price of these debts is mandatory.

Present day liabilities are liabilities that are due and payable within one year. Non-modern are liabilities which are due after a year or more. Contingent liabilities are liabilities which can or might not get up, relying on a certain event.

Learn more about Long-term liabilities here:-

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3 years ago
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The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash
lys-0071 [83]

Answer:

2021 Balance Sheet

$5,900     Cash

$29,000   Accounts Receivable

$6,500      short-term investments

$69,000   Inventory

$110,400   TOTAL CURRENT ASSETS  

$ 165,000  Property, plant, and equipment (net)  

$165,000  TOTAL NON CURRENT ASSETS  

$275,400  TOTAL ASSETS  

$48,000   Accounts Payable  

$1,000       Interest Payable  

$20,000    Salaries Payable  

$69,000   TOTAL CURRENT LIABILITIES  

$39,000   Long Term Notes Payable  

$39,000   TOTAL NON CURRENT LIABILITIES  

$108,000  TOTAL LIABILITIES  

$145,000  Paid in Capital  

$22,400   Retained Earnings  

$167,400  TOTAL EQUITY  

$275,400  TOTAL EQUITY + LIABILITIES  

Explanation:

To complete the Total Current Assets is necessary to find the Short Term Investments, which is possible to know because the current ratio must be 1,6.

With this information it's possible to know that the total current Asssets are $110,400, and the Short Term Investments are $6,500.

To complete the Balance Sheet we need to know the total Retained Earnings that equilibrate the Accounting equation, that is $22,400.

4 0
3 years ago
This service allows you to pay at a point of sale and accesses funds in the bank but usually does not charge you a fee:
satela [25.4K]

Answer:

A debit card

Explanation:

A debit card allows customers to make electronic payments using the funds at their bank accounts. If the customer does not have sufficient funds in their bank accounts, the transaction won't go through.

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2 years ago
What is the practice of negotiating labor contracts that keep unnecessary workers on a company’s payroll called?
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A produce distributor uses 783 packing crates a month, which it purchases at a cost of $11 each. The manager has assigned an ann
jeyben [28]

Answer:

Annual Savings will be ;

Ordering Cost = $2,993.88

Holding Cost = $661.78

Explanation:

First Calculate the Economic Order Quantity (EOQ)

EOQ = √ 2 × Annual Demand × Ordering Cost per Order / Holding Cost per unit

        = √ ((2 × 783× 12 × $31) / ($11 × 32%))

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Note : Currently the firm orders at 783 crates per month

Savings in Ordering Cost will be :

Savings = Ordering Cost at Current Quantity - Ordering Cost at EOQ

             = (Total Demand / Current Quantity × Ordering Costs) - (Total Demand / Current Quantity × Ordering Costs)

             = (9396/783 × $31) - (9396/407 × $31)

             = $2,993.88

Savings in Holding Cost will be :

Savings = (Current Quantity - Economic Order Quantity) / 2 × Holding Cost per unit

             = (783 - 407) / 2 × ($11 × 32%)

             = $661.78

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3 years ago
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