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3 years ago

Which of the following is a current liability?

Business

1 answer:

Vitek1552 [10]3 years ago

6 0

Answer:

D) None of these answers are correct

Explanation:

None of the answers are correct because the definiton of current liability is a debt or obligation that has to paid off before the fiscal year ends. In other words, current liabilities are by definition short-term obligations, and all the options in the question refer to long-term obligations.

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Midwest Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $

Ne4ueva [31]

Answer:

Average rate of return = 14 %

Explanation:

Average rate of return = Annual average return/ Average Investment

Average investment =( Initial investment + scrap value)/2

Average investment = 138,000 + 12,000/2 =75,000

Average annual return = Savings in cost - energy cost - depreciation

Depreciation = (initial cost - scrap value)/2= (138,000 - 12,000)/2= 12600

Average annual return = 29,780-6,680-12600= 10500

Average rate of return = 10,500/75,000 × 100= 14 %

Average rate of return = 14 %

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3 years ago

Al owned a family high-deductible health policy as part of his MSA for the entire year. What is his maximum permitted contributi

Arte-miy333 [17]

Well according to my calculations and 20+ yrs of experience in business your answer should be 15,000

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3 years ago

Mason corporation purchased a piece of land 5 years ago when the price of land was low. it plans to develop the land into a new

Rom4ik [11]

On their classified balance sheet, Mason Corporation would classify this land as <span>a long-term investment.

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3 years ago

Many organizations are concerned about the rising cost of employee benefits and question their value to the organization and to

shepuryov [24]

Answer:

Benefits that are of most prominent incentive to the employees and to the organization are as per the following:

The employees are obligated to get benefits that are variable and are a piece of salary bundle. These can incorporate house lease remittance, travel recompense, training stipend and advancement of the worker youngster and so forth.

Health, life and handicap benefits likewise to be incorporated into the salary. Phone recompense if the activity requires making a great deal of calls to different clients.

The firm ought to likewise give paid leaves and occasions to the employees to reproduce and revive their psychological capacity.

4 0

3 years ago

A credit granted to a customer for returned goods requires a debit to a. Accounts Receivable and a credit to a contra-revenue ac

12345 [234]

Answer:

d. Sales Returns and Allowances and a credit to Accounts Receivable.

Explanation:

The entry to record credit granted to customer entails :

Decrease the Assets of Accounts Receivable (credit entry) and Decrease the Sales Revenue (debit entry).

The Recognition of Sales Return and Allowance decreases Sales Revenue.

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3 years ago