All categories

3 years ago

obligations not expected to be paid within the longer of one year or the company's operating cycle are reported as

Business

1 answer:

Black_prince [1.1K]3 years ago

3 0

Answer:

Long term liabilities.

Explanation:

This can be easily or mostly be used in companies and also firms. In most cases they are been tagged a non-current liability.

They are generally defined to be obligations that are not been settled for/paid off in the current year or accounting period. Therefore, debts of this kind are not due within a year. Dept of this kind ranges from notes payable to bonds payable, also mortgages and are also seen as leases in a company settings.

In as much as this is not good for a company's financial health, investors and creditors see how the company is financed through this. Current obligations are seen to be more risky than non-current debts because they will need to be paid sooner.

You might be interested in

Zoe Corporation has the following information for the month of March: Cost of direct materials used in production $16,700 Direct

djyliett [7]

Answer:

cost of goods manufactured= $73,984

Explanation:

Giving the following information:

Cost of direct materials used in production $16,700

Direct labor 26,794

Factory overhead 32,844

Work in process inventory, March 1 17,028

Work in process inventory, March 31 19,382

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 17,028 + 16,700 + 26,794 + 32,844 - 19,382

cost of goods manufactured= $73,984

6 0

3 years ago

Kostelnik Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours

balu736 [363]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Estimated overhead= $285,600

variable manufacturing overhead= $2.70 per machine-hour

Estimated machine-hours= 42,000

Job A496:

Number of units in the job 20

Total machine-hours 80

Direct materials $910

Direct labor cost $1,820

First, we need to allocate overhead to Job A496:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= (285,600/42,000) + 2.7

Estimated manufacturing overhead rate= $9.5 per machine hour

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 9.5*80= $760

Now, we can calculate the total cost:

Total cost= 910 + 1,820 + 760

Total cost= $3,490

Finally, we determine the unitary cost:

Unitary cost= 3,490/20= $174.5

5 0

3 years ago

a customer has invested 20000 in a variable annuity. in the first year nav increases to 21100 at what rate wsill 1100 gain be ta

rjkz [21]

Answer: 0%

Explanation:

The $20,000 contribution to the variable annuity is not taxed and neither is the gain, at least not yet.

With the variable annuity, the gains/earnings will be tax-deferred and the customer will only have to pay taxes when they withdraw the contributions.

When this happens they will be charged at the normal income tax rate.

7 0

3 years ago

What are the portfolio weights for a portfolio that has 130 shares of Stock A that sell for $40 per share and 110 shares of Stoc

Eva8 [605]

Answer:portfolio Weight of A =0.6118; portfolio Weight of B=0.3882

Explanation:

stock A Investment = Number of shares x market value

=130 x 40 = $5200

stock B investment =Number of shares x market value

110 x 30 = $3,300

Total Investments= $5200 + $3,300 = $8,500

portfolio Weight = stock Investment / Total investment

portfolio Weight of A= 5200/ 8,500 =0.6118

portfolio Weight of B = 3,300 / 8,500 =0.3882

3 0

3 years ago

You are planning an AD implementation for a company that currently has Sales, Accounting, and Marketing departments. Each depart

netineya [11]

Answer:

Delegation of control

Explanation:

Active Directory (AD) is a product offered by Microsoft that is designed for managing computers and related devices within an intranet. It is part of a larger operating system called Windows Server used in both intranet and internet based servers.

4 0

3 years ago