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
Masteriza [31]
3 years ago
13

Anders industries currently holds two debts: an $11,000 debt due in 12 months and a $16,000 debt due in 18 months. anders prepar

es a classified balance sheet using an 18-month operating cycle. how should these debts be classified?
Business
1 answer:
lianna [129]3 years ago
7 0
All $27,000 in debt should be classified as current liabilities. Since the current liabilities section of the balance sheet encompasses obligations that are due to be fulfilled in the near term, and includes amounts relating to accounts payable, incomes, utilities, taxes, short-term loans, and so forth.  Current liabilities are debts that are due to be compensated within one year or the operating cycle, whichever is longer.
You might be interested in
Name 5 banking task that can be done online
Schach [20]
- Check Account Balances
-View all of your bank accounts IRA's and securities
- Send Money 
-Receive Money
- Add a new card to your account<span />
8 0
3 years ago
Read 2 more answers
What is the equilibrium quantity for phones?
Nana76 [90]

Answer:

Readjusting once again to marketplace conditions, the next year the company produces 65,000 phones, with a retail price of $45. At the end of the year, the company’s sold almost its total supply of phones. It indicates that the equilibrium quantity of phones is 65,000, at a retail price of $45 (which would be the equilibrium price). More Resources

Explanation:

According to our curve, the equilibrium point initially is indicated by point E on the graph, but since the supply of cellphones has increased, quantity supplied increases to the graph indicated by S 1 S 1, this causes an excess of the product in the market resulting in a stiff competition which often sees the sellers reduce their prices. hope that helps.

3 0
2 years ago
On January 1, 2021, the Highlands Company began construction on a new manufacturing facility for its own use. The building was c
lutik1710 [3]

Answer:

$207,800

Explanation:

Date          Expenditure   Weight    Average

January 1   $980,000        12/12       $980,000

March 31    $1,580,000      9/12        $1,185,000

June 30     $1,256,000      6/12        $628,000

Sept. 30     $980,000        3/12        $245,000

Dec. 31       $780,000        0/12        <u>$0             </u>

Total                                                   <u>$3,038,000</u>

<u>Calculation of average interest rate for general debt</u>

                              Amount     Rate     Interest

Bonds                 $8,000,000   11%     $880,000

Long term rate   <u>$2,000,000</u>   6%      <u>$120,000</u>

Total                    <u>$10,000,000</u>            <u>$1,000,000</u>

Average interest rate = $1,000,000 / $10,000,000

Average interest rate = 10%

<u>Calculation of interest capitalized</u>

Note: General debt = $3,038,000 - $2,400,000 = $638,000

                          Average         Interest rate  Capitalized interest

Specific debt   $2,400,000            6%                 $144,000

General debt   $638,000               10%                <u>$63,800</u>

Total                                                                        <u>$207,800</u>

7 0
3 years ago
A company began its operations on April 1 of the current year. Budgeted sales for the first three months of business are $250,00
Mariana [72]

Answer:

Total cash collection May= $306,000

Explanation:

Giving the following information:

Sales:

April= $250,000

May= $320,000

June= $410,0000

The company expects to sell 50% of its merchandise for cash. Of sales on account, 60% are expected to be collected in the month of the sale, 40% in the month following the sale.

<u>Cash collection May:</u>

Sales on cash May= 320,000*0.5= 160,000

Sales on Account May= (160,000*0.6)= 96,000

Sales on Account April= (250,000*0.5)*0.4= 50,000

Total cash collection May= $306,000

8 0
3 years ago
Which of the following is similar to a spreadsheet?
NNADVOKAT [17]

Answer:

Can you add a picture?

Explanation:

7 0
3 years ago
Other questions:
  • Classify each item as an asset, liability, common stock, revenue, or expense. (a) Issuance of ownership shares. select the corre
    9·1 answer
  • Omega Custom Cabinets produces and sells custom bathroom vanities. The firm has determined that if it hires 10 workers, it can p
    8·1 answer
  • Newspaper vending machines are often built so that customers can pay to lift a door and take a paper off a pile of daily newspap
    9·1 answer
  • Elston Company issued $500,000 of eight percent, 20-year bonds at 106 on January 1, 2010. Interest is payable semiannually on Ju
    12·1 answer
  • In terms of innovation streams, what ____ occurred when customers purchased flat-screen computer monitors to replace the older,
    10·1 answer
  • The production function for earthquake detectors​ (Q) is given as​ follows: Q​ = 4K​1/2L​1/2 where K is the amount of capital em
    14·2 answers
  • In preparing a company's statement of cash flows for the most recent year, the following information is available:
    9·1 answer
  • The Dorset Corporation produces and sells a single product. The following data refer to the year just completed: Beginning inven
    14·1 answer
  • Match the correct EFTA and PCI Standards.
    14·2 answers
  • The next dividend payment by Wyatt, Inc., will be $2.30 per share. The dividends are anticipated to maintain a growth rate of 4.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!