This savings plan is offered by an employer and employees contribute money to it each pay period

The ____ in the House of Representatives can limit the amount of time to debate a bill

cestrela7 [59]

PRESEdent <span>can limit the amount of time to debate a bill</span>

8 0

3 years ago

The owner of a small color television set offers to sell it to a neighbor for $75. As the neighbor stands there thinking about t

NNADVOKAT [17]

If he was the first to say he wanted the product and the seller wants to sell it as fast as possible than yes. But not technically it would be a kind of verbal understanding and agreement.

8 0

3 years ago

On December 31, 2020, McDaniel Company had $1,200,000 of short-term debt in the form of notes payable due February 2, 2021. On J

icang [17]

Answer:

Current Liabilities:Notes Payable 250,000

Long-term Debt:Notes Payable 950,000

Explanation:

Calculation to Show how the $1,200,000 of short-term debt should be presented on the December 31, 2017, balance sheet.

Hattie McDaniel Company

Partial Balance Sheet

December 31, 2017

CURRENT LIABILITIES

Notes Payable 250,000

($1,200,000-$950,000)

LONG-TERM DEBT

Notes Payable 950,000

Therefore how the $1,200,000 of short-term debt should be presented on the December 31, 2017, balance sheet is:

Current Liabilities:Notes Payable 250,000

Long-term Debt:Notes Payable 950,000

4 0

3 years ago

The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $14,000 Current assets $3

Sav [38]

Answer:

The sustainable growth rate is 16.52%

Explanation:

To compute the substantial growth rate, first, we have to calculate the retention ratio. The formula to compute the retention ratio is shown below:

= 1 – payout ratio

= 1 – 0.16

=0.84 or 84%

Now, we use the formula of substantial growth rate which is shown below:

= (Return on equity × retention ratio) ÷ { 1 - (Return on equity × retention ratio)}

where,

Return on equity = (Net income ÷ total equity) × 100

= ($3,640 ÷ $21,560) × 100

= 16.88%

= (16.88% × 84%) ÷ ( 1 - 16.88% × 84%)

= 0.141792 ÷ (1 - 0.141792 )

= 0.141792 ÷ 0.858208

= 0.1652 or 16.52%

8 0

3 years ago

During the current year, Harold Company sold inventory costing $350,000 for a selling price of $675,000. Beginning balances of i

Len [333]

Answer: $351,000

Explanation:

Given that,

Cost of inventory = $350,000

Selling price = $675,000

Beginning balance of inventory = $86,000

Beginning balance of accounts payable = $116,000

ending balance of inventory = $94,000

ending balance of accounts payable = $123,000

Cash paid to suppliers:

= Cost of Goods Sold + Change in inventory - Change in accounts payable

= 350,000 + (94,000-86,000) - (123,000-116,000)

= 350,000 + 8,000 - 7,000

= $351,000

6 0

3 years ago