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wel
3 years ago
15

William Brown, the CFO of Oriole Automotive, Inc., is putting together this year's financial statements. He has gathered the fol

lowing balance sheet information: The firm had a cash balance of $23,015, accounts payable of $163,257, common stock of $311,300, retained earnings of $512,159, inventory of $213,100, goodwill and other assets equal to $78,656, net plant and equipment of $710,100, and short-term notes payable of $21,115. It also had accounts receivable of $141,258 and other current assets of $11,223. How much long-term debt does Oriole Automotive have?
Business
1 answer:
kicyunya [14]3 years ago
6 0

Answer:

$169,521

Explanation:

The computation of long-term debt is shown below:-

Total asset = Cash + Inventory + Goodwill + Net plant and equipment + Receivables + Current assets

= $23,015 + $213,100 + $78,656 + $710,100 + $141,258 + $11,223

= $1,177,352

Long-term debt = Total asset - Account payable - Common stock - Retained earnings - Short term notes

= $1,177,352 - $163,257 - $311,300 - $512,159 - $21,115

= $169,521

Hence, we have applied the above formula for determining the long term debt.

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The classical dichotomy is useful for analyzing the economy because in the long run nominal variables are heavily influenced by
Contact [7]

Answer:

The answer is: True

Explanation:

First of all, the classical dichotomy in economics assumes that real variables of the economy such as output of goods and services and real interest rates are not influenced by what happens to their nominal counterparts, such as the monetary value of output and nominal interest rate.  It doesn´t consider inflation or the nominal supply, in other words money supply is neutral in the economy (because its value is adjusted to inflation).

The real problem with this theory, at least in the short run, is that in real life money supply, interest rates and inflation do affect the GDP of a country. When the money supply of an economy is increased then aggregate demand also increases. More money equals more demand. That happens because the prices of goods and services doesn´t adjust as fast as a change in the money supply. Also this theory doesn´t consider the monetary circuit theory about money being "created" by the banking system every time a loan is made.

7 0
3 years ago
3.Which of the following is not a characteristic of a vertical organizational structure? A. Greater efficiency in handling uncom
Natasha_Volkova [10]

Answer:

  • <em><u>D. Consists of casual relationships and external office influences </u></em>

Explanation:

<em>Vertical organizational structures</em> consist is a very is a very hierarchical form of organization. And it has a typical pyramidal structure: few people on top and a wide base.

The rules emanate from top management and are transmitted down by each division, department, until they reach employees at the lower level of the company.

Indeed they are efficient because of they have clear rules to follow by the employees, that they can use to handle quickly most of daily tasks. Thus option <em>"A. Greater efficiency in handling uncomplicated tasks"</em> is true.

These kind of organizations may be little encouraging for the lower levels, as they just must follow the rules and are not able to implement new procedures by themselves. Thus, it is true that <em>"B. Lower employee morale and satisfaction"</em> may undermine the lowers levels and some good employess would migrate to other enterpises where they can develop their ideas. Thi si a clar disavantage.

<em> C. Slower communication </em>

Since the communication has to pass for all intermediate levels, these organizations have typically slower communiction. Thus, this is true too.

<em>D. Consists of casual relationships and external office influences </em>

This is not a characteristic of vertical organizational structures; on the contrary, the relationships are generally ruled by the same hierarchical formal relationships. This is, the command line is the same line of the relationships.

Nowadays, most enterprises are aware of the importance of developing a team bases on high morale and wide and good relationships, thus theses effects are handled by the top and medium level management searching to be more effective, encouraging, and satisfactory for all the employees.

8 0
3 years ago
Erica and Brett decide to form their new motorcycle business as an LLC. Each will receive an equal profits (loss) interest by co
koban [17]

Answer:

Brett's outside tax basis in his LLC interest is $45000

Explanation:

A partner outside tax basis consist of basis of contributed property, partnership debt allocated to the partner without any debt relief. Non recourse debt that is more than basis of contributed property must be given to the partner that contributed to the property.

Brett's outside tax basis in his LLC interest = Cash contribution + basis of building - debt of building + Non recourse loan + non recourse mortgage + remaining mortgage on building

Cash contribution = $5000

Basis of building = $30000

Debt of building = $35000

Non recourse loan = Profit sharing ratio × Non recourse loan = 50% × $50000 = $25000

non recourse mortgage = $5000

remaining mortgage on building  = 50% × $30000 = $15000

Brett's outside tax basis in his LLC interest = $5000 + $30000 - $35000 + $25000 + $5000 + $150000 = $45000

4 0
3 years ago
________ is the maximum amount of a product that sellers are willing and able to provide for sale over a relevant range of price
timofeeve [1]

Answer:

Supply

Explanation:

6 0
3 years ago
Read 2 more answers
Milk sold in clear bottles might be low in ___.
anygoal [31]
Tempurature. This is because if it is in any other container, it could absorb the sun's heat, making the milk warmer. With the clear bottle, the sun's heat will mostly pass through it.
3 0
3 years ago
Read 2 more answers
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