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3 years ago

Vacation pay payable is reported on the balance sheet as a(n):

Business

1 answer:

S_A_V [24]3 years ago

4 0

Answer:

The correct answer is:

current liability or long-term liability, depending upon when the vacations will be taken by employees (D)

Explanation:

A current liability is an expense obligation by an organization that is payable within the operation cycle of a business. The operating cycle is the time period for a business to acquire inventory, sell it, and convert the sales into cash. In most circumstances, the operating cycle is usually a year. On the other hand long-term liabilities are those obligations that are not due for payment in the next 12 months.

Vacation pay payable can either be long term liability, if the vacation is not due within the next 12 months, or current liability if the vacation is due within the next 12 months of a business year.

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sergij07 [2.7K]

Answer:

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Explanation:

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2 years ago

What are the other options to insurance

Levart [38]

Primary Care Memberships. Some medical practices and independent primary care physicians offer services for a flat monthly fee, rather like a gym membership. ...
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3 years ago

Read 2 more answers

To pay for your education, you've taken out $29,000 in student loans. If you make monthly payments over 10 years at 7 percent

Scrat [10]

Answer:

$169.07

Explanation:

Data provided in the question:

Loan amount = $29,000

Time = 10 years

Interest rate = 7% compounded monthly

Therefore,

Interest rate per period, r = 7% ÷ 12 = 0.583% = 0.00583

number of periods, n = 10 × 12 = 120 months

Now,

Loan amount = Monthly payments × [ { 1 - (1 + r )⁻ⁿ } ÷ r]

on substituting the respective values, we get

$29,000 = Monthly payments × [ { 1 - (1 + 0.00583 )⁻¹²⁰ } ÷ 0.00583]

$29,000 = Monthly payments × 171.53

Monthly payments = $169.07

7 0

3 years ago

Indicate which of the following has an effect on financing cash flows.

liq [111]

Answer:

b. Paid cash dividends of $13,200 to common stockholders.

Explanation:

Cash flows from financing is the cash gained or spent from raising capital or paying it's investors. It primarily measured flow of cash between a business and its owners and creditors.

Includes the following activities: paying dividends, obtaining loans, issuing and selling stock, repurchasing stocks, and paying long-term debt.

Positive cash flows from financing means the firm gets inflow of cash while negative flow means firm gives out cash.

Paying dividends to stockholders is a financing activity that involves outflow of cash from the firm to its owners.

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3 years ago

Strategically, AB InBev has 10 principles driving everything they do. At the core, AB InBev is focused on a shared dream that en

tigry1 [53]

Answer:

Consider the following explanation.

Explanation:

The international business environment is complex and requires a number of steps to be taken by the organizations that operate in the global environment. The large multinational corporations (MNC’s) should have both strong principles as well as flexible structure to operate at the global level. The strong principles help in creating uniformity at the global level and guide a common organizational culture.

This enables the MNC’s to create a central control over the Global operations and manage the business in an effective manner. On the other hand flexibility is required for adopting the global operations as per the needs of the local conditions. This makes the business responsive and survives in the situations that are not similar to their home country. Thus it can be seen that MNC need to create a balance between strong principles and flexibility. Without either of them it will not be easy for the organization to survive in the complex global business environment.

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3 years ago