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lorasvet [3.4K]
3 years ago
14

The following items appear on the balance sheet of a company with a two-month operating cycle. Identify the proper classificatio

n of each item as follows: C if it is a current liability, L if it is a long-term liability, or N if it is not a liability,
1.____________Notes payable (due in 13 to 24 months).
2.____________Notes payable (due in 6 to 12 months).
3.____________Notes payable (mature in five years).
4.____________Current portion of ling-term debt.
5.____________Notes payable (due in 120 days).
6.____________FUTA taxes payable.
7.____________Accounts receivable.
8.____________Sales taxes payable.
9.____________Salaries payable.
10____________Wages payable.
Business
1 answer:
iragen [17]3 years ago
4 0

Answer:

Current liability refers to a liability which is payable within the duration of one year. On the other hand, long term liability refers to a liability which is payable after the duration of one year.

The classification of each item are as follows:

(1) L - It is payable for more than one year.

(2) C - It is payable within the duration of 12 months.

(3) L - It is mature in five years.

(4) C - It is current liability.

(5) C - Due for less than 365 days.

(6) C - It is a part of current liability

(7) N - It is a part of current assets.

(8) C - Payable within one year

(9) C - Salary is payable for less than one year.

(10) C - Wages is also payable for less than one year.

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kolbaska11 [484]

Answer:

C. The aerospace industry is constantly pushing the limits of technology

Explanation:

Aerospace industry is a leader in the creation of new products and materials that constantly push the limits of technology, that's why research and development are an integral part of this industry.

They always seek to create new materials that are lighter and more durable to send to space and face the extreme conditions out there.  Then, many of those innovations are modified for use on the planet by regular people.

All employees in the industry are highly educated and skilled.

6 0
3 years ago
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As a store manager, Leah has to play the role of negotiator, such as purchasing products at a fair price for her company. As she
zaharov [31]

Answer:

decisional

Explanation:

She is playing a decisional role in the above scenario since she has to make the necessary arrangements and arguments and select the best possible price for the given scenario.

7 0
3 years ago
Marketing analytic approaches can be thought of by considering the level of analytic complexity and the value that is created fr
kaheart [24]

Answer:

a. Quality Software - Prescriptive Analytics

b. ABC Supermarket - Descriptive Analytics

c. Global Hospitality - Diagnostic Analytics

d. XYZ - Predictive Analytics

e. Manufacturing - Descriptive Analytics

Explanation:

Descriptive analytics is the strategy which uses the past data and creates a summary for historical data to create future analysis.

Predictive Analytics is the strategy which uses statistical calculations and models to predict the future.

Diagnostic Analytics is the strategy which the analyst observes the past event and then examines why certain situation happened. This is used by analysts to make sure that historic mistakes are not repeated.

Prescriptive Analytics is the strategy in which strategic planning is made after the operational activities are analyzed and then strategies are formed in order to plan future performance.

4 0
3 years ago
Two projects, A and B, are analyzed using ranking present worth analysis with MARR at i%. It is found that PW(A) . PW(B). If MAR
vivado [14]

Answer: The relationship between A and B project cannot be determined with the information given.

Explanation: The relationship between PW(A) and PW(B) is the correlation between project A and Project B in a portfolio.

This is not possible to be calculated with the information given.

But an expression of calculating this is;

PW is the present value of A and B projects.

MARR is the minimum acceptable rate of return

The calculate the correlation of the two project, divide MARR by the multiple of the two project.

That is;

Correlation = MARR ÷ [PW(A) × PW(B)]

Therefore;

Correlation = i11% ÷ [PW(A) × PW(B)]

This shows that the relationship cannot be determined with the limited Information supplied.

3 0
3 years ago
A businessman in New York is preparing an itinerary for a visit to seven major cities. The distance traveled, and hence the cost
enot [183]

Answer:

The answer is 5,040.

There are 5,040 different possible itineraries.

Explanation:

The number of different possible itineraries equals the number of the selection of 7 cities from a total of 7 cities where order is important.

We solve thus:

N = P^{7}_{7} = \frac{7!}{(7 - 7)!}

   = \frac{7!}{0!}

   = 7!

   = 7 X 6 X 5 X 4 X 3 X 2 X 1

   = 5,040

6 0
3 years ago
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