Answer:
Current liabilities:
Notes payable $8,000
Non-current/long-term liabilities:
Notes payable $1,224,000
Explanation:
The actual amount of notes payable at 31st December is the difference between the short-term debt and the amount of cash realized from the issue of common stock whose proceeds are meant to be used in liquidating the short-term debt.
The actual amount of notes payable=$1,232,000-$1,224,000=$8,000
By issuing common stock of $1,224,000 to repay the short-term debt,the $1,224,000 is effectively converted to funding of long-term nature,hence classified as long-term liabilities
Answer:
Explanation:
offered employment by Amazon, would you be legally eligible to begin employment immediately?
Legally eligible for employment could be explained as having the right to take up a job in a particular country, which means one should posses a work permit or visa which will allow one to work for an employer in US since AMAZON is in US.
.it should be noted that The applicant is considered eligible, if the applicant is available bin US when submitting it as a citizen or with work permit
Therefore, I'm eligible to begin work immediately, if I'm offered employment by Amazon, if I meet the above criteria, and we know Amazon is in US.
Answer:
$20,000
Explanation:
GDP is the market value of <u>all final goods and
</u>
<u>services</u> produced within a country in a given period of time.
The GDP includes only the value of final goods, <em>the value of manufactured automobile in this question</em>, not the value of intermediate goods used in it, <em>the windshield, tires, and others.</em>
Reason: The price of intermediate goods (windshield, tires, CD player) is already included in the final price of $20,000.
Hence, GDP discourage to include these intermediate goods value as it will lead to double counting given that they're already included in final price of $20,000.
Answer:
The sales unit to achieve a target profit of $6,250 is 545 units
The sales units to achieve to achieve a target profit of $9,400 is 590 units
Explanation:
The quantity at target profit=fixed cost+target profit/contribution per unit
fixed expense=$31,900
target profit $6,250
contribution per unit=$140-$70
=$70
unit sales at a target profit of $6,250=($31,900+$6,250)/$70
=545 sales units
fixed expenses $31900
target profit of $9400
contribution per unit is $70
unit sales at a target profit of $9,400=($31900+$9400)/$70
=590 sales unit
Answer:
a. want to avoid potential disputes.
Explanation:
The auditors are liable to report all the acts of the company, whether are in confirmation of law or not. This is because it is their duty to put a review on the balance sheet, and provide the users of such balance sheet the trust on the information presented.
Even if the agreement do not provide for complete details making it a valid contract this is sure that they need to act properly so that any moral dispute do not occur and that, all the work is done according to the responsibilities.
