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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.
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Heather deposited $1,700 at her local credit union in a savings account at the rate of 9.8% paid as simple interest. She will ea
Ostrovityanka [42]

Answer:  $3865.8

Explanation:

The formula to find the simple interest is given by :-

I=Prt, where P is the initial amount deposited , r is the rate of interest in decimal and t is the time period in years.

Given : P= $1700      ;    r= 9.8%=0.098     ; t=13 years

Then , the simple interest earned in 13 years will be :-

I=1700\times0.098\times13=2165.8

Now, the combined amount = P+I =$1700+$2165.8= $3865.8

Hence, the credit union would owe Heather $3865.8 in 13 years.

4 0
3 years ago
Jacobs Company borrowed $100,000 at 8 percent interest for three months.
ASHA 777 [7]

Answer:

B. $2,000

Explanation:

The principal amount is $100,000

Interest rate is 8% usually per year ( 12 months)

Loan duration, three months:

Annual interest = $100,000.00 x 8%

   =$100,000.00x 0.08

   =$ 8000.00

Interest for 3 months

   =3/12x$8000.00

   =0.25x$8000.00

   =$2000

4 0
3 years ago
Why did many business owners want very little interference from the government?
hammer [34]
<span>Government interference in business can cause many problems. Government taxation policies Affect business cost. Four instance, A rise and corporate tax rate Have the same affect as a rising cost. And while companies will pass many of these cost onto their consumers, it will Still affect their bottom line. Also when government raises things such as the minimum wage, it affects how many people a business going higher and can lead to them having to lay off employees.</span>
5 0
4 years ago
Whats 2/5-3/7= A 1/2 B 5/12 C 14/15 D 29/35​
Ivahew [28]

Find common denominators. What you do to the denominator, you do to the numerator.

(2/5)(7/7) = 14/35

(3/7)(5/5) = 15/35

14/35 - 15/35 = -1/35

If you meant to put addition, then your answer will be D) 29/35.

14/35 + 15/35 = 29/35

~

6 0
3 years ago
Read 2 more answers
What is an​ activity-based approach to designing a costing​ system?
DaniilM [7]

Answer: The correct answer is "C. An​ activity-based approach refines a costing system by focusing on individual activities as the fundamental cost objects. It uses the cost of these activities as the basis for assigning costs to other cost objects such as products or services.".

Explanation: The ABC costing model is a model that is based on the grouping into cost centers that make up a sequence of value of the products and services of the company's productive activity. It focuses its efforts on managerial reasoning in an adequate way the activities that cause costs and that are related through its consumption with the cost of the products. The most important thing is to know the generation of costs to obtain the greatest possible benefit from them, minimizing all the factors that do not add value.

6 0
3 years ago
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