Answer:
Explanation:
The preparation of the long-term liabilities section of the balance sheet for Metlock, Inc is shown below:
Metlock, Inc
Long-term liabilities section
December 31, 2017
Long-term liabilities
Bond payable $720,000
Less: Discount on bonds payable -$26,000 $694,000
Notes payable $85,000
Total Long-term liabilities $779,000
Answer:
Carrying costs
Explanation:
Carrying costs are the costs associated with holding inventory including maintenance, building rent and utilities, storage space, and insurance.
1. Find 4% of 3800: 152
2. 3800-152
3. James will have $3648 available for the down payment after the 5 years.
The answer is B. this is because your talking about a man made tool used to carry out production.
When the overhead rates of a company are created based on the actions performed, this is called activity-based costing.
<h3>What is activity-based costing?</h3>
This refers to a type of costing where a company comes up with manufacturing overhead rates that have to do with the actions performed to make production happen.
For instance, the activities of labor or the manufacturing machines can be used to determine the overhead rates.
In conclusion, creating overhead rates based on the actions it performs is called activity based costing.
Find out more on activity-based costing at brainly.com/question/6654166
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