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
irina [24]
3 years ago
13

Coltrane Company has a $5,000 note payable that is paid in $1,000 installments over five years. How would the portion that must

be paid within the next year be reported on the balance sheet?
Business
1 answer:
Natalka [10]3 years ago
4 0

Answer:

It will be reported as current liability in the balance sheet.

Explanation:

Liability is a present obligation of an entity which its settlement will result in outflow of economic resources. There are two types of liability:

Current and Non current.

Current liabilities are liabilities that an entity has an obligation to settle within an accounting period, usually one year while non-current liabilities are liabilities of long term nature that the settlement is longer than one accounting period.

In the case of Coltrane Company, the next installment of the note payable will be reported under current liabilities because its settlement falls within the one accounting period, i.e. next year. So $1,000 will be reported under current liabilities while the remaining ($5,000-$1,000) $4,000 will be reported under non current liabilities because its settlement does not fall within the next accounting period.

You might be interested in
Which of the following describes the activities that play an important role in connecting brands to consumers in the final phase
expeople1 [14]

The activity that play an important role in connecting brands to consumers in the final phases of the buying process is C. Retailing.

<h3>What is the role of retailing in the buying process?</h3>

Retailing refers to the set of activities that allow for  consumers to be able to access goods and services that were produced by different companies and brands. The process of retailing often comes in the final phases of the buying project as it involves the consumers who are the end stage of the buying process as they are the ones to consume the goods and services being sold.

Retailing is therefore hugely important because it connects the brands to the consumers that they serve . Without retailing, companies would make products and services and be unable to sell them to anyone as they would not have any connection to the final consumers .

Find out more on retailing at brainly.com/question/29357664

#SPJ1

8 0
1 year ago
Net interest margin—often referred to as spread—is the difference between the rate banks pay on deposits and the rate they charg
Minchanka [31]

Answer:

(a) P(X\:>\:5.40)=0.9938

(b) P(X\:

(c) X=4.975 percent

Explanation:

(a) Find the z-value that corresponds to 5.40 percent

.Z=\frac{X-\mu}{\sigma}

Z=\frac{5.40-4.15}{0.5}

Z=\frac{1.25}{0.5}=2.5

Hence the net interest margin of 5.40 percent is 2.5 standard deviation above the mean.

The area to the left of 2.5 from the standard normal distribution table is 0.9938.The probability that a randomly selected U.S. bank will have a net interest margin that exceeds 5.40 percent is 1-0.9938=0.0062

(b) The z-value that corresponds to 4.40 percent is Z=\frac{4.40-4.15}{0.5}=0.5The net interest margin of 4.40 percent is 0.5 standard deviation above the mean.

Using the normal distribution table, the area under the curve to the left of 0.5 is 0.6915

Therefore the probability that a randomly selected U.S. bank will have a net interest margin less than 4.40 percent is 0.6915

(c)  The z-value that corresponds to 95% which is 1.65

We substitute the 1.65 into the formula and solve for X.1.65=\frac{X-4.15}{0.5}

1.65\times 0.5=X-4.150.825=X-4.15

0.825+4.15=X

4.975=X

A bank that wants its net interest margin to be less than the net interest margins of 95 percent of all U.S. banks should set its net interest margin to 4.975 percent.

6 0
3 years ago
Why do we need brainly plus to see answers it really isnt fair
iogann1982 [59]

Answer:

FAX

Explanation:

6 0
3 years ago
Read 2 more answers
What refers to analysis of environmental impacts of products from the design stage through end-of-life?
max2010maxim [7]

Answer: Life cycle assessment

Explanation: Life cycle assessment is the systematic analysis of environmental impacts of products from design stage through end-of-life, raw materials and energy inputs to its disposal with the ultimate goal to reduce environmental impact. It is concerned with every stage of the life-cycle (from raw material extraction, processing of raw materials, production, distribution, usage and disposal) of a product, process, or service.

6 0
2 years ago
General Steel wants to install technology into its logistics management system. This technology will enable General Steel to gai
kati45 [8]

Answer: B. radio frequency identification.

Explanation: Radio Frequency Identification (RFID) is the use of radio waves to read and capture information stored on a tag attached to an object, providing a unique identifier for an object. RFID Technology is used in many industries and in a wide variety of applications as it can deliver a number of benefits fo item-revelations.

RFID is used for item level tagging in retail stores. In addition to inventory control, this provides both protection against theft by customers (shoplifting) and employees ("shrinkage") by using electronic self-checkoutillance (EAS), and a self checkout process for customers.

5 0
3 years ago
Read 2 more answers
Other questions:
  • Assume that you manage a $10.00 million mutual fund that has a beta of 1.05 and a 9.50% required return. The risk-free rate is 2
    13·1 answer
  • Becoming the candy lady tips for advertising and employing
    14·1 answer
  • The continuing cycle of erratic demand causing forecasts to include safety stock which in turn magnify supplier forecasts and ca
    5·1 answer
  • Randy agreed to join a biology study group. When the study group leader gave him her phone number, he had nothing on which to re
    10·1 answer
  • Suppose a $3 per-unit tax is placed on this good. The tax causes the price paid by buyers to
    9·1 answer
  • 5.
    15·2 answers
  • Pipelines rank third after railroads and motor carriers in ton-miles transported, but most people do not recognize pipelines as
    6·1 answer
  • Someone help me with this plz
    15·1 answer
  • Which lists the Business, Management, and Administration careers in order from highest level of education typically required to
    7·2 answers
  • Southwest U's campus book store sells course packs for $15 each, the variable cost per pack is $10, fixed costs to produce the p
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!