Answer:
Current Liabilities:Notes Payable 250,000
Long-term Debt:Notes Payable 950,000
Explanation:
Calculation to Show how the $1,200,000 of short-term debt should be presented on the December 31, 2017, balance sheet.
Hattie McDaniel Company
Partial Balance Sheet
December 31, 2017
CURRENT LIABILITIES
Notes Payable 250,000
($1,200,000-$950,000)
LONG-TERM DEBT
Notes Payable 950,000
Therefore how the $1,200,000 of short-term debt should be presented on the December 31, 2017, balance sheet is:
Current Liabilities:Notes Payable 250,000
Long-term Debt:Notes Payable 950,000
Answer:
The European Parliament to resolve their concerns.
Explanation:
The European Parliament bis the legislative section of the European Union. The European Parliament is made up of 705 members and is the 2nd largest parliament in the world.
When there is dispute with regards to EU laws the European Parliament is the body that resolves it. They help implement laws enacted by the European commission. They can amend or reject a legislature, and they also make proposal for legislation.
So citizens of France, Belgium, and Finland will approach the European Parliament when they are upset by a recent trade law enacted in the European Union which they feel negatively impacts their respective economies.
Answer: Variable cost pricing
Explanation:
Marianne wants to sell in Mexico by setting the selling price in such a way that she adds the total variable cost to the markup. This way she would meet her cost and gain some level of profit.
Answer:
35,000 equivalent units
Explanation:
Equivalent Units E.U) are notional whole units which represent incomplete work and are used to apportion costs between between work in progress and completed work.
To compute as
Equivalent Units = Degree of completion (%) × units
Items Units Workings E.U
Completed 28,000 28,000× 100% 28,000
Closing WIP 14,000 14,000 × 50% 7,000
Total equivalent units 35000
The total equivalents for conversion cost
= 28,000 + 7,000
= 35,000
Answer:
Personal Assets
Explanation:
You and a friend want to open new pet-grooming and pet-services shop. Once established, you intend to open a second store in a larger town 20 miles away. If store number two is a success, you plan to start franchising your company. <u>Personal Assets</u> will probably be the most important source of funds for your new business.
<u>When starting a business as a sole proprietorship or partnership, the most likely source of start up fund is the converting your personal assets. </u>
<u>Personal assets are items of value that belong to an individual. They might be tangible personal assets like houses and cars, and also include such financial assets as savings accounts, checking accounts, and retirement accounts.
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<u>So in the scenario, the business is likely to start by a combination of savings of the two friends</u>
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