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OLga [1]
4 years ago
5

Galan Associates prepared its financial statement for 2008 based on the information given here. The company had cash worth $1,23

4, inventory worth $13,480, and accounts receivables of $7,789. The company's net fixed assets are $42,331, and other assets are $1,822. It had accounts payables of $9,558, notes payables of $2,756, common stock of $22,000, and retained earnings of $14,008. How much long-term debt does the firm have?
A) $54,342
B) $76,342
C) $12,314
D) $18,334
Business
1 answer:
const2013 [10]4 years ago
6 0

Answer:

D) $18,334

Explanation:

The computation of the long term debt is shown below:

Long term debt = Total assets - current liabilities - stockholder equity

where,

Total assets = Cash + inventory + account receivable + net fixed assets + other assets

= $1,234 + $13,480+ $7,789 + $42,331 + $1,822

= $66,656

Current liabilities = Account payable + notes payable

= $9,558 + $2,756

= $12,314

The stockholder equity is

= Common stock + retained earnings

= $22,000 + $14,008

= $36,008

So, the long term debt is

=  $66,656 - $12,314 - $36,008

= $18,334

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A real estate agent is considering changing her cell phone plan. There are three plans to choose from, all of which involve a mo
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Answer:

req 1)

Plan A

0.42 x 150 + 0.17 x 70 = 74.9

Plan B

0.52 x 150 + 0.15 x 70 = 88.5

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from 0 to 190 minutes Plan A

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req 3)

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150 day calls

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Plan B

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3 years ago
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Answer:

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3 years ago
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<u>Answer:</u>

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