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mafiozo [28]
3 years ago
14

On September 1, 2021, Southwest Airlines borrows $40.6 million, of which $9.2 million is due next year. Show how Southwest Airli

nes would record the $40.6 million debt on its December 31, 2021, balance sheet
Business
1 answer:
BigorU [14]3 years ago
8 0

Answer:

see below

Explanation:

Liabilities are recorded on the left-hand side of the balance sheet. They are classified as current and long term liabilities. Current liabilities are due within one year, and long term liabilities are payable in future financial periods

Liabilities

Current liabilities

Accounts payable

Short term loans    <u>$31.4</u>

Total current liabilities  $31.4

Long liabilities

Long term debts   <u>$9.2</u>

Total long liabilities   $9.2

Total liabilities     $40.6

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boyakko [2]

Answer:

C. highly inelastic

Explanation:

An excise tax on a product will increase its price from the equilibrium point, to a higher point set by the government.

If the government was to enhance its revenue by this means, it should enact the excise tax on products that are highly inelastic.

This is because a highly inelastic product is one whose quantity demanded does not fall considerably even if the price rises a lot.

This means that even if the product is more expensive after the excise tax, consumer will continue to buy it, increasing government revenue in this way.

6 0
3 years ago
OKRs can be executed in stages. The first stage would be keyed to a deadline and then then once the project is completed and run
DerKrebs [107]

Answer:

b) false

Explanation:

OKR is a goal-setting method used by companies. It is impleemented using following steps

  • Communicate the OKR
  • Choose a tool used for OKR
  • Organize the Company's OKR
  • Set the company's OKR
  • Set every single OKR for teams, departments and Individuals
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  • Approve the OKR
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So, the OKR cannot be implemented in a single step and it requires multiple steps.

Hence the given statement is false.

4 0
3 years ago
Which workers are required to handle money as part of their job qualifications?
melamori03 [73]
A
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dmitriy555 [2]

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3 0
3 years ago
Dorothy acquired a 100% interest in two passive activities: Activity A in January 2014 and Activity B in 2015. Through 2017, Act
alekssr [168]

Answer:

0

$180,000

0

$240,000

Explanation:

In 2018 and 2019, Dorothy may deduct none of the net passive losses that remain after offsetting the passive income. In 2018, the $20,000 of passive income is used to absorb $20,000 of the $200,000 passive loss, leaving $180,000 of passive loss suspended. In 2019, the $40,000 of passive income is used against the $100,000 passive loss, leaving a $60,000 passive loss suspended for that year. Thus , a total of $240,000 of passive losses is suspended at the year 2019 into 2020.

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3 years ago
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