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
What is polycentricity?
bulgar [2K]

Answer:

Definition of polycentric

: having more than one center (as of development or control): such as. a : having several centromeres polycentric chromosomes.

Explanation:

Mark as Brainliest Answer

7 0
2 years ago
Victory Corporation sold 400 shares of treasury stock for $45 per share. The cost for the shares was $35. The entry to record th
Marianna [84]

Answer:The entry to record the sale will include a Credit toPaid in Capital from  treasury stock at $4,000.

Explanation:

Journal entry to record sale of shares

Accounts and explanation          Debit                  Credit

Cash                                        $18,000

Treasury stock                                                      $14,000      

Paid in Capital from Treasury STOCK                  $4,000

Calculation

CASH = Number of  shares x Price per share

= 400 x $45=$18,000

Treasury stock = Number of  shares x Price per share

= 400 x $35=$14,000

Paid In Capital = Cash - Treasury stock= $18,000- $14,000= $4000

6 0
3 years ago
Please answer all 4 of these fast
jeka57 [31]

Answer:

15. A - Net Loss

Rest of the questions are bad quality, take a better picture.

Explanation:

7 0
3 years ago
Read 2 more answers
Wexell Framing's cost formula for its supplies cost is $1,230 per month plus $10 per frame. For the month of October, the compan
Gnoma [55]

Answer:

The correct answer is $50 (unfavorable).

Explanation:

According to the scenario, computation of the given data are as follow:-

Planning supply activity cost = (592 × $10) +$1230

= $7,150  

Actual supply activity cost = (597 × $10) + $1230

= $7,200

We can calculate the activity variance for supply cost by using following formula:-

Activity variance for supplies cost = Actual activity cost – Planning activity cost  

= $7,200 - $7,150

= $50  ( positive shows unfavorable)

7 0
3 years ago
Two automobile manufacturers are working together to develop hybrid technology. This type of relationship between the two automo
SSSSS [86.1K]

Answer:

The correct  option is A, co-opetition

Explanation:

Co-opetition derives its root from competition and co-operation.It refers to an arrangement where competing firms co-operate towards achieving a common goal like the case of two two automobile manufacturers are likely going to be in direct competition with each co-operating in order to develop a hybrid technology expected to benefit both.

Hence option C is obviously wrong as competition is just one side of co-opetition which also includes co-operation

Strategic alliance lacks an element of competition,hence it is also wrong, same applies to collaboration.

Finally, business strategy is generic in nature so it is out of context.

3 0
3 years ago
Read 2 more answers
Other questions:
  • We are evaluating a project that costs $735,200, has an eight-year life, and has no salvage value. Assume that depreciation is s
    5·1 answer
  • Standards are set by a.manufacturing engineers. b.accountants. c.other management personnel. d.All of these choices are correct
    7·1 answer
  • During an interview with Heidi Royce, she confessed to accepting $64,500 in kickbacks from a key supplier over the last 6 months
    11·1 answer
  • Incident Reports, such as Situation Reports and Status Reports enhance situational awareness and ensure that personnel can acces
    14·1 answer
  • If Antonio's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions de
    8·1 answer
  • There are _____ individual food establishments in the United States.
    15·2 answers
  • A written customer complaint is received by mail about an error made by the firm that the firm resolves to the customer's satisf
    15·1 answer
  • Which determines carrying capacity?<br> What is the best skate brand out there
    5·1 answer
  • After suffering a debilitating injury, Ahmad (47) retired on disability after teaching high-school math for several years. He ha
    15·1 answer
  • Digital Fruit is financed solely by common stock and has outstanding 40 million shares with a market price of $20 a share. It no
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!