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3 years ago

Deluxe suites hotels incluedes the following selected accounts in its genarel ledger at December 31.2016:

Business

1 answer:

Sever21 [200]3 years ago

3 0

Answer:

Liabilities section of Luxury Suites' balance sheet at December 31.2016.

Liabilities

Non - Current Liabilities

Notes Payable $200,000

Total Non-Current Liabilities $200,000

Current Liabilities

Accounts Payable $33,000

Discounts on Bonds Payable $13,500

Interest Payable (due next year) $1,000

Salaries Payable $2,600

Estimated Warranty Payable $1,300

Sales Tax Payable $400

Total Current Liabilities $51,800

Explanation:

Liabilities are presented in the financial statements as either Current liabilities (due within a period of 12 months and Non-Current Liabilities (that are not due within a period of 12 months) as shown above.

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sleet_krkn [62]

Answer:

B is the answer

Explaination step by step:

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2 years ago

when some resources used in production are only available in limited quantities, it is likely that the long-run supply curve in

aleksklad [387]

Answer: The correct option therefore is > upward sloping

Explanation:

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2 years ago

Which of the following errors would cause the adjusted trial balance to be unequal? a.The adjustment for accrued fees of $16,340

STALIN [3.7K]

Answer:

The answer is: B)The adjustment for prepaid insurance was omitted.

Explanation:

The adjusted trial balance is the last step before producing the financial statements of a company. Its format is identical to unadjusted balances, it has three columns: account names, debits and credits. The debit and credit columns are calculated at the bottom and should always be equal. If they aren’t equal, the trial balance was prepared incorrectly.

The only error that would cause the adjusted trial balance to be unequal (debts ≠ credits) is; The adjustment for prepaid insurance was omitted. Prepaid insurance should be debited and cash (or accounts payable) should be credited.

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3 years ago

Over the past five years, Teen Clothing stock produced returns of 18.7, 5.8, 7.9, 10.8, and 11.6 percent,respectively. For the s

Alexandra [31]

Answer:

The correct answer is C. 7.22 percent

Explanation:

To find the arithmetic risk premium for the 5 year period, the formula is

Average risk premium for the period = Sum of risk premium for each year / number of years = ∑ra(i) - rf(i) / n

ra = asset or investment return / 100

rf = risk free return / 100

Where i represents each year.

Sum of risk premium for each year = (0.187 - 0.052) + (0.058 - 0.034) + (0.079 - 0.028) + (0.108 - 0.034) + (0.116 - 0.039) = 0.361

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2 years ago

On january 2, 2017, the matthews band acquires sound equipment for concert performances at a cost of $65,800. the band estimates

ikadub [295]

Answer:

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Explanation:

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2 years ago

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