All categories

3 years ago

The adjusted trial balance for Sunland Company at the end of the current year, 2021, contained the following accounts.

Business

1 answer:

Rama09 [41]3 years ago

5 0

Answer:

Total Long Term Liabilities = 3449000 USD

Explanation:

Let's sort out the data given in order to make it more presentable.

Accounts:

5-year Bonds Payable 9% = 3000000 USD

Interest Payable = 52000 USD

Premium on Bonds Payable = 99000 USD

Notes Payable (3 months.) = 42000 USD

Notes Payable (5 yr.) = 163000 USD

Mortgage Payable ($13000 due currently) = 200000 USD

Salaries and wages Payable = 18000 USD

Income Taxes Payable (due 3/15 of 2022) = 24000 USD

Now, we have to take the liabilities from this set of data and calculate it.

Following are the long term liabilities which will be added together to get the total sum:

1. 5-year Bonds Payable 9% = 3000000 USD

2. Premium on Bonds Payable = 99000 USD

3. Notes Payable (5 yr.) = 163000 USD

4. Mortgage Payable ($13000 due currently) = 200000 - 13000 = 187000 USD

Now, we have to add these amounts to get the total long term liabilities.

Total Long Term Liabilities = 3000000 + 99000 + 63000 + 187000

Total Long Term Liabilities = 3449000 USD

You might be interested in

Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 560 May 640 June 590 July 680 The c

kherson [118]

Answer:

<u>Details April May June </u>

Unit to be produced 576 630 608

Explanation:

The production budget For April, May, and June can be prepared as follows:

Ruiz Co.

Production Budget

For April, May, and June

<u>Details April May June </u>

Next month's budgeted sales (A) 640 590 680

Ratio of inventory to future sales (B) 20% 20% 20%

Budgeted ending inventory (C = A * B) 128 118 136

Budgeted unit sales for month (D) 560 640 590

Req'd units of avail. production (E = C + D) 688 758 726

Budgeted beginning inventory (F) 112 128 118

Unit to be produced (G = E - F) 576 630 608

5 0

3 years ago

Assigning manufacturing overhead costs and other indirect costs is called a:

Softa [21]

Answer:

Cost allocation

Explanation:

Cost allocation means the process where the identification, aggregation, and the allocating of the cost is made to the various cost objects. It plays an important role as the cost i.e. incurred for generating a particular product or rendering a service would be determined

So if the manufacturing overhead cost assigned and the other indirect cost so this we called cost allocation

6 0

3 years ago

Do some research on mergers and acquisitions. What were the five largest mergers– acquisitions last year? Make a list of the par

viktelen [127]

Answer:

Mergers and Acquisitions in 2019:

1. The five largest mergers-acquisitions in 2019:

Acquirer and Partner

a. BB&T and SunTrust

b. Schwab and TD Ameritrade

c. Raythem and UTC

d. Newmont and Goldcorp

e. Salesforce and Tableau Software

2. Reasons for the M&A:

a. BB&T and SunTrust - to cut cost

b. Schwab and TD Ameritrade - to save money

c. Raythem and UTC - to become largest defence company

d. Newmont and Goldcorp - to acquire competitive advantage

e. Salesforce and Tableau Software - to boost revenue

3. Some of the M&A transactions do not make any strategic sense. For example, now that Raythem and UTC combined want to form the largest defense company, do they add much to their stockholders returns? Some others acquired to cut cost will experience the huge costs of acquisition, which are, most times, too large to be written off in a single year.

Explanation:

Major financial transactions done at the corporate level for the purpose of consolidating the assets of two or more companies, growing market share, and eliminating competition are called Mergers and Acquisitions (M&A). Consolidation of companies may be achieved through mergers, acquisitions, assets purchase, management acquisitions, etc.

4 0

3 years ago

If there is a shortage of loanable funds, then:

lana66690 [7]

Answer: The correct answer is "d. there will be no shifts of the curves, but the real interest rate rises.".

Explanation: If there is a shortage of loanable funds, then: there will be no shifts of the curves, but the real interest rate rises.

this causes as the interest rate rises to equilibrium the amount offered of loanable funds increases and the quantity demanded of loanable funds decreases

7 0

3 years ago

________ is the analysis and redesign of workflow within and between enterprises. Multiple Choice Business process reengineering

stich3 [128]

(C) Business process reengineering (BPR) is the analysis and redesign of workflow within and between enterprises.

<h3>What is Business process reengineering (BPR)?</h3>

Business process re-engineering (BPR) is an early 1990s business management method that focuses on the analysis and design of workflows and business processes within a company.
BPR seeks to assist firms in fundamentally rethinking how they do business in order to improve customer experience, reduce operational costs, and compete on a global scale.
BPR aims to assist businesses in significantly restructuring their organizations by focusing on the design of their business processes from the ground up.
A business process, according to early BPR proponent Thomas H. Davenport (1990), is a sequence of logically related operations executed to produce a specific business objective.

Therefore, (C) business process reengineering (BPR) is the analysis and redesign of workflow within and between enterprises.

Know more about Business process reengineering here:

brainly.com/question/14019951

#SPJ4

Complete question:

__________ is the analysis and redesign of workflow within and between enterprises.

Multiple Choice

(A) Critical success factors (CSFs)

(B) Benchmarking metrics

(C) Business process reengineering (BPR)

(D) Decision support interfaces (DSI)

5 0

2 years ago