1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
satela [25.4K]
3 years ago
6

The following information is for Bright Eyes Auto Supplies: Bright Eyes Auto Supplies Balance Sheet December 31, 2015 Cash $ 40,

000 Accounts Payable $ 130,000 Prepaid Insurance 80,000 Salaries and Wages Payable 50,000 Accounts Receivable 100,000 Mortgage Payable 150,000 Inventory 140,000 Total Liabilities 330,000 Land Held for Investment 180,000 Land 250,000 Buildings $200,000 Common Stock $400,000 Less Accumulated Retained Earnings 340,000 740,000 Depreciation (60,000) 140,000 Trademark 140,000 Total Assets $1,070,000 Total Liabilities and Stockholders’ Equity $1,070,000 The total dollar amount of liabilities to be classified as current liabilities is:_________.
A. $180,000.
B. $130,000.
C. $50,000.
D. $330,000.
Business
1 answer:
erma4kov [3.2K]3 years ago
8 0

Answer:

$180,000

Explanation:

Relevant Data provided to compute the total current liabilities is here below:-

Accounts payable = $130,000

Salaries and wages payable = $50,000

The computation of total dollar amount of liabilities is shown below:-

Total current liabilities = Accounts payable + Salaries and wages payable

= $130,000 + $50,000

= $180,000

Therefore for computing the total current liabilities we simply added the accounts payable and salaries and wages payable.

You might be interested in
Kraus Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are
Savatey [412]

The Kraus Steel Company ended producing about 7900 tons of inventory during the month of October.

<h3>What is inventory?</h3>

The amount of finished goods available in the warehouses or storage of an organization during a given period, which is ready to be sold in the market, is known as the inventory.

The produced inventory can be calculated using the given information as,

Inventory produced=Beginning Work in Process-Ending Work in Process

Inventory Produced =11300-3400=7900 tons

Hence, the significance of inventory produced is aforementioned.

Learn more about inventory here:

brainly.com/question/14184995

#SPJ1

4 0
2 years ago
Jones, a consulting manager of Miller &amp; Co., is considering membership on an audit client's board of directors. Jones does n
vfiekz [6]

Answer:

C. Jones may not join the board because the rules prohibit all firm professionals from serving as a director of a client.

3 0
3 years ago
Target markets can be selected by appealing to the entire market with one marketing mix
mixas84 [53]

Answer:

The correct answer is b. True.

Explanation:

The objective of applying the marketing mix is to know the situation of the company and to develop a specific strategy for subsequent positioning. One way to start is by conducting a market study.

As changing as the consumer, the marketing mix currently has an approach that rethinks questions about the market and the consumer such as:

- What needs do my clients have?

- What is the cost of satisfaction of our customers and what return will this satisfaction give me?

- Which distribution channels are more convenient?

- How and by what means do I communicate it?

5 0
3 years ago
Employers often decide if they want to meet you based on your… so it is very important to highlight your strengths.
andreyandreev [35.5K]

Answer:

Hello There!!

Explanation:

I think the answer is D. credit report.

hope this helps,have a great day!!

~Pinky~

7 0
2 years ago
Read 2 more answers
Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,288,076
Xelga [282]

Answer:

Using the FIFO cost method:

beginning WIP 34,600 units

materials $79,000 (100% complete)

conversion $48,200 (30% complete, 70% remaining = 24,220 EU)

units started 662,700

materials added $1,594,520

conversion costs added $566,356

ending WIP 24,100

100% complete for materials

40% complete for conversion = 9,640 EU

units completed and transferred out = 34,600 + 662,700 - 24,100 = 673,200

units started and completed = 662,700 - 34,600 - 24,100 = 604,000

total equivalent units for the month:

materials 662,700

conversion = 24,220 + 604,000 + 9,640 = 637,860

total cost per EU:

materials = $1,594,520 / 662,700 = $2.4061

conversion = $566,356 / 637,860 = $0.8879

total = $3.294

cost of ending WIP:

materials = 24,100 x $2.4061 = $57,987

conversion = 9,640 x $0.8879 = $8,559.36 ≈ $8,559

total = $66,546

cost of units transferred out = $79,000 + $48,200 + $1,594,520 + $566,356 - $66,546 = $2,221,530

total units transferred out = 673,200

production cost per unit = $2,221,530 / 673,200 = $3.30

3 0
3 years ago
Other questions:
  • Chhom Corporation makes a product whose direct labor standards are 0.9 hours per unit and $30 per hour. In November the company
    10·1 answer
  • There are 10 firms in an industry, and each firm has a market share of 10 percent. the industry's herfindahl index is
    13·1 answer
  • Jason, a manager, directs the efforts of others through tasks, rewards, and structures. he uses the __________ approach to leade
    10·1 answer
  • Which career is best suited for people who have a high school diploma
    15·1 answer
  • Gienuine Products Inc. requires a new machine. Two companies have submitted bids, and you have been assigned the task of choosin
    5·1 answer
  • A property valued at $350,000 has an annual net operating income of $43,750. What is the capitalization rate?
    11·1 answer
  • Amanda Manufacturing Company prepared the following static budget income statement: Revenues $ 125,000 Variable Costs (75,000) C
    11·1 answer
  • The beliefs, attitudes, and behavior associated with a person or group; a way of life.
    12·1 answer
  • The Federal Reserve System is __________. ANSWER Unselected the central bank of the United States Unselected also known as the U
    10·1 answer
  • The middle sale when sales for a given period of time are arranged in order of their increasing value is the:__.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!