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2 years ago

Interest payable, income tax payable and salary payable are all examples of _______.

1 answer:

wel2 years ago

8 0

Those are all examples of liabilities. To be more specific, they are <u>current liabilities</u>. Interest payable, income tax payable, and salary payable are obligations that must be paid of within one operational cycle, thus they are just current liabilities.

Current liabilities are debts that must be paid off within a year or one operational cycle, whichever comes first. They can also be paid off using current assets or generate new current liabilities.

Analysts, accountants, and investors assess a firm's payables to determine how effectively it can fulfill its short-term financial obligations thus, the firm basically needs to generate sufficient profits and money in the immediate term to meet its debt commitments.

Learn how to define liability and differentiate between a current liability and a long-term liability: brainly.com/question/28391469

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Exercise 1-16 Cost Classifications for Decision Making [LO1-5] Warner Corporation purchased a machine 7 years ago for $383,000 w

elena-s [515]

Answer:

Missing word <em>"2. What is the total sunk cost regarding the decision to buy the model 200 machine rather than the model 300 machine? 3. What is the total opportunity cost regarding the decision to invest in the model 200 machine?"</em>

<em />

1. Differential cost of buying model 200 machine = Cost of model 200 machine - Cost of model 300 machine

= $342,000 - $373,650

= -$31,650

We'll have a savings of $31,650 if model 200 is purchased rather than model 300

2. $383,000 (The Cost of existing machine). Note: $383,000 is a sunk cost since it has already been incurred.

3. Opportunity cost is the total return of the project if the money was invested elsewhere. The Opportunity cost of investing in model 200 machine is $445,600 (Returns from the alternate project)

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3 years ago

Which of these jobs is classified as a food preparer in the hospitality and tourism career field

uranmaximum [27]

Sous chef should be the correct answer

3 0

3 years ago

Read 2 more answers

The purpose of the ______________________ is to address financial uncertainty and provide the nation with a more stable economy.

katen-ka-za [31]

Answer:

The Federal Reserve System

Explanation:

The Federal Reserve System represents the United State's Central bank. It is also called either the Fed or the Federal Reserve.

Created by the U.S. congress, the Fed is in charge of the affairs of the financial system of the United States. Specifically, it was created to ensure that the financial system is flexible, safe and <u>monetarily stable</u>.

The Fed regulates banking activities, maintains the stability of the financial system and is also in charge of the monetary policies adopted in the United States.

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3 years ago

Judy's Boutique just paid an annual dividend of $2.59 on its common stock. The firm increases its dividend by 3.35 percent annua

goblinko [34]

Answer:

$29.00

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3 years ago

Why are credit cards not considered money? do they serve any of the functions of money?

nevsk [136]

The "money" portion is an erroneous reference to credit cards as a form of money, which they are not. Although credit cards do facilitate transactions, because they are a liability rather than an asset, they are not money and not part of the economy's money supply.

<h3>Why is credit cards not considered as money?</h3>

Credit cards and debit cards are not considered to be money, even though they are used to purchase goods and services. It is so because they are not issued by Federal Reserve which has a monopoly over money supply in the U.S.

<h3>Why are credit cards excluded from the equation for money supply?</h3>

When calculating the money supply, the Federal Reserve includes financial assets like currency and deposits. In contrast, credit card debts are liabilities.

To learn more about credit cards, refer

brainly.com/question/26867415

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3 0

2 years ago