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3 years ago

What are financial obligations or money that a business needs to pay others in the future called?

Business

1 answer:

garik1379 [7]3 years ago

6 0

Answer:

Liabilities

Explanation:

In economic terms, liabilities are the obligations that are to be paid by one authority to another in the future. They are owned by the company which is left to be settled in the future. The liabilities can be paid off through the means of money, goods, or services. They also include loans, revenues, and accrued expenses.

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Partial adjusted trial balance for Pina Colada Corp. at December 31, 2017, includes the following accounts: Retained Earnings $1

Leni [432]

Answer and Explanation:

The presentation of the retained earnings statement for the year is presented below:

Pina Colada Corp

Retained Earnings Statement

For the year Ended December 31, 2017

Retained Earnings, as on January 1 $16,700

Add: Net Income $10,400

Less: Dividend paid -$4,700

Retained Earnings, as on December 31 $22,400

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4 years ago

varicorp offers employee benefits such as flex-time, sabbaticals, and onsite daycare. varicorp knows its employees have a need f

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Less stress and motivation

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2 years ago

Secured bonds are bonds that:

love history [14]

Answer:

Explanation:

Secured bonds are bonds that have specific assets of the issuer pledged as collateral. In other words they are a type of bond that is bought by pledging a specific asset, which acts as a collateral on the loan that you are giving the company. Which if the issuer were to default on the payment then the issuer must transfer ownership of the asset to the holder of the secured bond.

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3 years ago

When managerial accountants assign costs to the production of specific products, the costs that are easiest to assign are

MAXImum [283]

When managerial accountants assign costs to the production of specific products, the costs that are easiest to assign are direct labor and direct materials costs.

I hope this helps!

3 0

4 years ago

"Bob wants to buy a building. He computes the annual NOI for the following year to be $275,000. The seller s asking price for th

Lemur [1.5K]

Answer:

BOB should offer 4,583,333 for the building if he wants the cap rate to be the same as the similar building.

Explanation:

The cap Rate is used to to calculate how much income a building or a property generates compared to its price it is bought at, so in order to find the cap rate we divide the annual NOI by it's price. In this question we will have to calculate the cap rate of the similar building which was sold for 6,000,000 and then use that cap rate to find what should the price of the building be that BOB wants to buy.

Cap rate = Annual NOI/Price

Cap rate of similar building = 360,000/6,000,000=0.06=6%

Now we will substitute 6% in the formula to find the price of the building BOB wants to buy.

0.06=275,00/Price

Price = 275,000/0.06=4,583,333

4 0

4 years ago