1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Irina18 [472]
4 years ago
8

Liabilities can be best described as:A. The amount of expenses over the past year.B. The amount expected to be distributed to st

ockholders.C. The amount owed to creditors.D. The amount of services provided to customers during the year.
Business
2 answers:
yanalaym [24]4 years ago
8 0

Answer: Option C

Explanation: In simple words, liability refers to the obligations that is to be fulfilled in the future or in the current period. It is the amount of sacrifice of resource that an individual or firm have to do due to some past transactions or events.

The amount owed to creditors is an obligation to pay him in the future. This might have arise due to purchase of something on credit from him.

Thus, the correct option is C.

Simora [160]4 years ago
7 0

Answer:

C. The amount owed to creditors

Explanation:

In general, Liabilities are obligations or something that the company owes someone else other than the owners.

In Business, Liabilities are the legal financial debts or obligations that arise because of the operations of the business.

<em>Keyterms:</em><em> Owed, Creditors, Obligations, liabilities</em>

You might be interested in
In the current year, Borden Corporation had sales of $2,190,000 and cost of goods sold of $1,295,000. Borden expects returns in
NNADVOKAT [17]

Answer:

The entries are as follows

To record estimated returns on Sales

Debit: Sales Refund Payable Account $131,400

Credit: Accounts Receivables $131,400

To record estimated Cost of Sales returns

Debit: Inventory Returns Estimated Account $77,700

Credit: Inventory on Sales on Returns $77,700

Explanation:

To derive the figure for Sales Refund payable for the year

6% of $2,190,000

= \frac{6}{100} * 2,190,000 = $131,400

To derive the figure for Inventory cost on Sales Refund payable for the year

6% of $1,295,000

= \frac{6}{100} * 1,295,000 = $77,700

3 0
3 years ago
Some of the world's most memorable advertising campaigns have achieved success because they originate from an idea that is so bi
Sphinxa [80]

Answer:

"Legs"

Explanation:

When a campaign is said to have legs it means that it has staying power.

Having legs means a concepts ability to remain flexible and grow while maintaining an entitie's brand and identity.

Such campaigns work in whatever medium you decide to use. For example digital media, radio and television.

It should be a concept that is replicable over the life of the campaign

3 0
4 years ago
In a small manufacturing facility, one welder is needed for every 200 hours of machine-hours or fewer in a month. The welder is
Lerok [7]

Answer:

$16250

Explanation:

For every 200 hours of needed work, $2500 must be paid. We divide the amount of hours needed for 200 to obtain the amount of times that $2500 are paid. Multiplying this number by $2500 we obtain the total expense gor salaried employees.

frac{{1300}{200}}x2500

6 0
3 years ago
The ALG Manufacturing Company has gathered the following information for the month of September:• 6,000 units in the beginning W
mars1129 [50]

Answer:

C. 66,000

Explanation:

Ending Work in Process (WIP) = Beginning Work in Process + Units Started into Production - Units Completed and Transferred

Ending WIP = 6,000 * 100% + 60,000 - 50,000 = 16,000

Equivalent Units of Production (EUP) = Units Completed + Units Ending WIP x % of conversion

EUP = 50,000 + 16,000 * 100 = 66,000

4 0
4 years ago
William (71), a retired single taxpayer, received a monthly pension of $2,500 ($30,000 annually). He did not contribute any afte
IceJOKER [234]

Based on the information given, it should be noted that the amount of William's pension distribution that is taxable is $30000.

From the information given, William is a retired single taxpayer and he received a monthly pension of $2,500 ($30,000 annually). He did not contribute any after-tax dollars to the plan.

It should be noted that pension is counted as a regular income for tax purposes. Therefore, the pension that'll be received by William will be a taxable income

Therefore, the taxable amount will be $30000.

Learn more about taxes on:

brainly.com/question/1657264

4 0
2 years ago
Other questions:
  • todd, a sales representative, is facing the challenge stressor of trying to close a sale on a major account. during the meeting
    6·1 answer
  • What is the purpose of a design brief?
    15·1 answer
  • On January 1, Year 1, Chaco Company sold $300,000 of 10% twenty-year bonds. Interest is payable semiannually on June 30 and Dece
    9·2 answers
  • John is a 45-year-old manager who enjoys playing basketball in his spare time with his teenage sons and their friends. at work h
    6·2 answers
  • What has the biggest impact on whether a 4 year university is affordable?
    12·1 answer
  • OLAP enables: a. programmers to quickly diagram data relationships. b. users to view both logical and physical views of data. c.
    14·2 answers
  • PLEASE HELP???
    9·1 answer
  • If you know how to think critically and have excellent problem solving skills, you are said to have strong
    7·1 answer
  • On january 1, year 1, pearl corporation owned 90% of the outstanding stock of seso corporation. both companies were domestic cor
    12·1 answer
  • Rolling Hills Golf Course is planning for the coming golfing season. Investors would like to earn a 10% return on the company's
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!