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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

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According to a survey of American households: The probability that a household owns 2 cars, if annual income is over $25,000, is

vladimir1956 [14]

Answer: 0.48

Explanation:

P(A/B) = P(AnB)/P(B) where:

P(A/B) = The probability of event A occurring given that B has occurred.

P(AnB) = The probability of both events A and B occurring.

P(B) = the probability that event B occurs.

So let

P(A) = Probability that the residents of a household own 2 cars.

P(B) = Probability that the annual household income is greater than $25,000.

The question tells us that

P(A/B) = 0.8

Note that: P(A) = 0.7, P(B) = 0.6.

Since we want to work out P(AnB), because it gives the probability that residents have an annual household income over $25,000 and own 2 cars.

We would Rearrange our initial equation to make P(AnB) the subject formula becoming;

P(A/B) = P(AnB)/P(B)

P(B)*P(A/B) = P(AnB)

So, inserting our probabilities into this equation gives:

0.6*0.8 = 0.48

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2 years ago

What is the cost of production associated with labor? A. taxes B. profit C. rent D. wages

grin007 [14]

ANSWER:

a. taxes

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3 years ago

Read 2 more answers

Suppose that real domestic output in an economy is 20 units, the quantity of inputs is 10, and the price of each input is $4. An

weqwewe [10]

Answer:

A. supply curve shifts to the left

Explanation:

An increase in the prices of inputs from $4 to $6 shows economic problems that include a reduction in capital stock, labor, and an increased unemployment rate. This can also give room for inflation.

This increase shows that due to shortage in labor supply, it now costs more to produce a product.

Due to all the above mentioned reasons, the supply curve of both long run and short run supply curves shifts left.

Cheers.

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3 years ago

The cost constraint suggests that, even when the cost of providing accounting information exceeds its benefit, the financial acc

Alekssandra [29.7K]

Answer:

False

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Imagine you are an auditor that must check the physical inventory of a factory and some boxes containing supplies are misplaced. It might take you a whole day to count again all the supplies and materials, but is it worth it? If the supplies were really expensive, probably yes, but if they were cheap components, then probably no.

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3 years ago

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sammy [17]

Transfer cash from savings to checking because monthly expenses should always be made with cash.

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By means of paying your invoice completely, you will avoid interest and construct towards an excessive credit score score.

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Learn more about savings here: brainly.com/question/15279000

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10 months ago