Answer:
C
Explanation:
The short term amount due (within the next fiscal year) is classified in the current liability section while the amounts due in years 2-5 would be reported in the long term section. Interest is always an expense and never reported on the balance sheet.
Answer:
See below
Explanation:
With regards to the above information, current value of the week of supply is calculated as shown below;
The week of supply Informs the manager how long the current on hand varies
= $228 ÷ $231
= 0.99 weeks
Answer:
In law, a corporation is regarded as an individual person but this does not give a corporation the the right of religion as it is not a natural person.
A corporation in its internal culture may however promote a religion in a non oppressive and a non intimidating way but cannot force anyone to adhere to a certain religion.
Explanation:
Answer:
C) says there is a one for one adjustment of the nominal interest rate to the inflation rate.
Explanation:
The Fisher Effect is an economic theory that explains the relationship between interest rates and inflation rates. It states that real interest rate equals nominal interest rate minus inflation rate.
If inflation increases, then the real interest rate will decrease unless the nominal interest rate increases proportionally to the inflation rate.
Answer:
The amount of prepaid subscription in Santa,Fe's account is $1701
Explanation:
By the end of the year, that is 31st December of the first year,Griffith would have delivered 9 months magazines to Santa Fe,Inc, which implies that the number of months whose magazines have not been made available is 27 months (36 months minus 9 months).
In addition, the amount of prepaid subscription at the end of the year is calculated below:
Subscription prepaid balance =27/36*$2,268
=$1701
This means that the magazine expense for the current year is $567($2268 minus $1701)