Answer:
Current Liabilities:Notes Payable 250,000
Long-term Debt:Notes Payable 950,000
Explanation:
Calculation to Show how the $1,200,000 of short-term debt should be presented on the December 31, 2017, balance sheet.
Hattie McDaniel Company
Partial Balance Sheet
December 31, 2017
CURRENT LIABILITIES
Notes Payable 250,000
($1,200,000-$950,000)
LONG-TERM DEBT
Notes Payable 950,000
Therefore how the $1,200,000 of short-term debt should be presented on the December 31, 2017, balance sheet is:
Current Liabilities:Notes Payable 250,000
Long-term Debt:Notes Payable 950,000
Answer:
Discourage Torri from continuing. Encourage Julie to continue.
Explanation:
The progress of all trainees is tracked. Those not showing good progress are moved to less demanding programs. This means that there is hope of still doing/getting a job, if they don't pass this test.
REQUIREMENT: By the 10th time doing the test, trainees must be able to complete the task in a maximum of 1 hour.
1st Trainee: Torri Olson-Alves
5 hours on Unit 4; 4 hours on Unit 8
Should Torri be encouraged to continue? NO.
There are 10 units or repetitions in all. If Torri spends 5 hours on Unit 4 and spends 4 hours on Unit 8, then Torri is slow or isn't making much progress. After 4 repetitions, her marginal product only increased by an hour. She most likely won't make it to 1 hour by the 10th repetition.
2nd Trainee: Julie Burgmeier
4 hours on Unit 3; 3 hours on Unit 6
Should Julie be encouraged to continue? YES.
Julie makes a progress of 1 hour after 3 repetitions. We can predict that after another 3 repetitions (on Unit 9) progress would be made again and by Unit 10, she would have met the required benchmark.
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Answer: Insurance premium
Explanation: