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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.

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Lynna [10]

Answer:

open market operation

Explanation:

The Federal Reserve purchases and sells treasury securities on the open market in order to regulate the supply of money that is on deposit in banks, and therefore available to loan out to businesses and consumers. It purchases Treasury securities to increase the supply of money and sells them to reduce the supply of money

3 0
2 years ago
Tide Corporation has traditionally made a subcomponent of its major product. Annual production of 30,000 subcomponents results i
poizon [28]

An amount of $24 per unit will need to be charged by the outside supplier to make Tide be indifferent between making or buying the subcomponent.

Relevant cost per unit to make = (Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead) / Total sub-component unit

Relevant cost per unit to make = ($250,000 + $200,000 + $190,000 + $80,000) / 30,000 units

Relevant cost per unit to make = $24

Hence, the  indifferent price is $24 per unit

Therefore, an amount of $24 per unit will need to be charged by the outside supplier to make Tide be indifferent between making or buying the sub-component.

Read more about  indifferent price:

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8 0
2 years ago
A worker would be hurt least by inflation when the rev: 05_02_2017_QC_CS-84894 Multiple Choice worker anticipates inflation and
Hatshy [7]

Answer:

worker is protected by a cost-of-living adjustment clause in an employment contract

Explanation:

Cost of Living Adjustment(COLA) is an increase made to income from social security to counter the inflationary effects. The COLA change is essentially equivalent to the Consumer Price Index ( CPI) percentage increase over a given period.

All other options are wrong as it is not fit to the current situation

hence, the correct option is B.

3 0
3 years ago
Margaret Williams, production manager at Williams Manufacturing, finds her profits at $15,000 inadequate for her business. The b
In-s [12.5K]

Answer:

22.22%

Explanation:

The calculation of percentage in sales is shown below:-

Increase in profit required = $25,000 - $15,000

= $10,000

To achieve a profit $10,000, the required sales increases

= $10000 ÷ 18%

= $55,555.55

Percentage increase in sale = Required sales ÷ Sales of current situation

= $55,555.55 ÷ $250,000

= 22.22%

So, for computing the percentage increase in sales we simply applied the above formula.

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2 years ago
What to do to gain on the job experience and earn money while attending college
bogdanovich [222]

There are several ways to earn money and start building job experience while in college. One of the most common is an internship, where you work at a company under supervision of a mentor/intern coordinator, get paid, and often earn college credit. Another way would be to look for a part time or entry-level job in the field you are studying. Many college campuses have a career resource office designed to help students search for and gain relevant employment.

8 0
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