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
zepelin [54]
3 years ago
15

The following items appear on the balance sheet of a company with a two-month operating cycle. Identify the proper classificatio

n of each item as follows: C if it is a current liability, L if it is a long-term liability, or N if it is not a liability, 1. Notes payable (due in 13 to 24 months). 2. Notes payable (due in 6 to 12 months). 3. Notes payable (mature in five years). 4. Current portion of ling-term debt. 5. Notes payable (due in 120 days). 6. FUTA taxes payable. 7. Accounts receivable. 8. Sales taxes payable. 9. Salaries payable. 10. Wages payable.
Business
1 answer:
julsineya [31]3 years ago
7 0

Answer:

Notes payable(due in 13 to 24 months)-L

Notes payable (due in 6 to 12 months)-C

Notes payable (mature in five years)-L

Current portion of long-term debt-C

Notes payable(due in 120 days) -C

FUTA taxes payable -C

Accounts receivable-N

Sales taxes payable-C

Salaries payable-C

Wages payable-C

Explanation:

A liability is a current one if it is due between today and the next one year(12 months),however any liability whose payment date is beyond one year is classified as long-term liability.

You might be interested in
Spade and Marcher Corp. manufactures and sells toy guns. These toy guns are a perfect imitation of real weapons. Inspired by Spa
VMariaS [17]

Answer:

analyzer

Explanation:

This strategy is used by companies wishing to gain market share. It is a moderate aggressive strategy, as it presents low aggregate risks, and innovation is not a very relevant factor in companies that use the analyzer strategy. Companies seek to provide a production of goods already in the market, with modifications and differentiations.

3 0
3 years ago
The demand for Cheerios cereal is more price-elastic than the demand for cereals as a whole. This is best explained by the fact
lutik1710 [3]

Answer:

C. There are more substitutes for Cheerios than for cereals as a whole

Explanation:

Since in the question it is given that the demand for  Cheerios cereal is more price-elastic than the demand for cereals as a whole as because there are more substitutes for Cheerios as compare to cereals because in the case of substitute goods, there is a positive relationship between the price of good B and the demand of good A. It means if the price of good B decline. then the demand of good A is decreases and vice versa

6 0
3 years ago
A decreasing-cost industry is one in which: a. contraction of the industry will decrease unit costs. b. input prices fall or tec
Bas_tet [7]

Answer:

B

Explanation:

When we talk of a decreasing cost industry, we refer to an industry in which the expansion of the industry will lead to a decrease in the unit production cost.

So with respect to the question at hand , the correct answer is that the input prices will fall as industry expands

The case of a a technological improvement is expected to drive a decrease in the input prices for production in the expanding industry

8 0
3 years ago
Dawn, a young single mother, found a wallet with a large amount of money inside. She has found lost wallets in the past, too. Pr
anzhelika [568]

Answer:

e. motivated blindness.

Explanation:

Motivational blindness is when a person (Dawn in this case) do not notice an unethical action (Keeping the cash) when it's not in our interest to do so.

I hope you find this information useful and interesting! Good luck!

6 0
3 years ago
Deciding what data to collect, actually collecting the data and analyzing it, and reporting this data are all parts of structuri
Fynjy0 [20]

Answer:

The correct answer is the option A: True.

Explanation:

To begin with, the concept of <em>"Monitoring Information System"</em> in the field of business and in the techonolgy areas is refered to the type of system that is used with the main purpose of allowing the users to capture data, process and dissenimate information in a systematic way in order to improve the velocity of the time used to accomplish those tasks in the organization. Moreover, when it comes to aggregating the "project" part in the term, the system focuses in the recollection of data and its analysis and use in order to help the project to complete what it needs to.  

4 0
2 years ago
Other questions:
  • If a check correctly written and paid by the bank for $936 is incorrectly recorded in the company's books for $963, how should t
    9·1 answer
  • the loss of producer surplus associated with some sellers dropping out of the market as a result of the tax is
    11·1 answer
  • What experience would least demonstrate to an employer that you have the skills to be an assistant to a newspaper reporter?
    6·1 answer
  • Business products that are purchased routinely, do not become part of finished goods, and are expense items rather than capital
    13·1 answer
  • Mike is saving his emergency funds in an IRA account. Is his strategy a good one? Select the best answer from the choices provid
    5·1 answer
  • What are some things can do to influence how the US government is run? Check all that apply.
    15·2 answers
  • On April 1, 2018, Elucian Corporation invested in the bonds issued by the City of Westminster on January 1, 2018. These 10-year
    5·1 answer
  • Commerce Corporation has a high probability of operating at 40,000 activity hours during the upcoming period, and lower probabil
    13·1 answer
  • What can accountants do for businesses or individuals?
    6·1 answer
  • an important feature of supply chain management is its application of sophisticated information technology that allows companies
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!