1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
laila [671]
1 year ago
15

How do most companies pay the current liabilities incurred by day-to-day operations?.

Business
1 answer:
elixir [45]1 year ago
6 0

Current assets, or possessions used up within a year, are generally used to settle current liabilities.

<h3>Why do you use the term "current liabilities"?</h3>
  • Current liabilities are debts or commitments that fall due within a year or during the regular business cycle. Additionally, current obligations are paid off by using a current asset, either by generating a fresh current liability or by using cash.
  • In accounting, current liabilities are frequently interpreted as all debts owed by a company that must be paid in cash within the fiscal year or the operational cycle of that particular company, whichever is longer.
  • Current assets, or possessions used up within a year, are generally used to settle current liabilities. Accounts payable, short-term loans, dividends, and notes payable are a few examples of current liabilities, along with any outstanding income taxes.  

To learn more about Current assets refer to:

brainly.com/question/13188114

#SPJ4

You might be interested in
Which of these are goals of an expansionary policy? Check all that apply. a. increased available credit b. decreased available c
nignag [31]

Answer:

a. increased available credit

c. increased money supply

f. decreased interest rates

Explanation:

Expansionary policy is a policy pursued by either the government or the monetary authority to stimulate aggregate demand in the economy. This can be achieved through the use of either the fiscal policy tool by the government or the monetary policy tool by the Federal Reserve.

The policy target of expansionary policy are any of the economic goals of the government, such as economic growth, control of inflation, favorable balance of payment, e.t.c.

5 0
3 years ago
Hernandez Builders has a gross payroll for January amounting to $500,000. The following amounts have been withheld: Federal inco
sattari [20]

Answer:

Net pay is  $383,750

Explanation:

Hermandez builders net pay can be computed by deducting the following from the gross payroll amount:

Federal income taxes

social security

medicare

charitable contributions

union dues

The net pay is computed thus:

Gross payroll pay                                                      $500,000

Federal income taxes                              $63,000

Social security                                          $31,000

medicare                                                  $7,250

charitable contributions(1%*$500000)  $5,000

union dues (2%*$500000)                     $10,000    

                                                                                ($116,250)

Net pay                                                                     $383,750  

3 0
3 years ago
If the Federal Reserve increases the reserve requirement, what effect will this have on the nation’s money supply? a. Increase t
dem82 [27]
The correct answer is c)
3 0
3 years ago
You are planning a trip to the United Kingdom and expect that you will spend 2,200 pounds. How much will your spending be in U.S
ValentinkaMS [17]

Answer: $3,026.55

Explanation:

If US$1 is to £0.7269 then that means that the pound is stronger than the dollar because a dollar buys less than a pound in which case £2,200 will be more than $2,200.

It will be;

= 2,200/0.7269

= $3,026.55

<em>Options seem to be for a variant of this question. </em>

6 0
3 years ago
At the start of the current year, SBC Corp. purchased 25% of Sky Tech Inc. for $47 million. At the time of purchase, the carryin
cricket20 [7]

Answer:

$3

Explanation:

SBC Corp

($million)

FV in excess of book value $12

×

Share of ownership 25%

Additional depreciation in total $3

Therefore the total amount of additional depreciation to be recognized by SBC over the remaining life of the assets is: $3

5 0
3 years ago
Other questions:
  • James is looking for a new suit for a job interview. he is shopping at smith &amp; jones, a well-regarded menswear store. while
    6·1 answer
  • Explain how demand for a good can affect demand for a related good.
    11·1 answer
  • Suppose a firm has the following expenditures per day: $240 for wages, $150 for materials, and $80 for equipment rental. The own
    9·1 answer
  • Assume for the United States that the opportunity cost of each airplane is 50 cars. Which of these pairs of points could be on t
    9·2 answers
  • Journalize the entries to record the following selected bond investment transactions for Hall Trust (refer to the Chart of Accou
    9·1 answer
  • if the marginal tax rate is equal to the average tax rate as taxable incomme increases, the tax structure is
    10·1 answer
  • A(n)
    5·1 answer
  • Which is not a consideration when allocating assets and diversifying? A. Real estate holdings B. Avoiding similar investments C.
    6·1 answer
  • Solution to retain strong relationship between producers and consumers in tanzania
    5·1 answer
  • True or false. When customers increase their borrowing, interest rates tend to decline
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!