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3 years ago

Jones Company has the following liabilities at the end of the current year:

Business

1 answer:

makkiz [27]3 years ago

5 0

Answer:

The amount of long-term liabilities to be reported on the Balance Sheet at the end of the current year is $70.000

Explanation:

Concepts / definitions:

Long-term liabilities or noncurrent liabilities are knowns as obligations that companies have to pay in more than 1 year (12 months) or for some companies, after the company’s operating cycle (it is the time that the company takes to convert their inventory into cash).

Examples: Long term leases and bonds (that are generally are designed to be paid in more than one year).

Classification

Notes Payable (current) $ 10,000

Accounts Payable $ 5,000

Salaries Payable $ 2,000

Sales Tax Payable $ 2,000

Current liabilities $ 19,000

Bonds Payable $ 50,000

Notes Payable (long-term) $ 20,000

Long-term liabilities $ 70,000

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Here are the comparative income statements of Cullumber Corporation. CULLUMBER CORPORATION Comparative Income Statement For the

max2010maxim [7]

Answer:

Explanation:

Horizontal analysis of financial statements is a system of comparing each item of financial statement in a previous year to the current year with each line item analysis expressed in a horizontal pattern for clear comparison.

The change in growth is calculated by deducting the previous year's value of an item of the financial statement from the current year while the percentage growth is calculated by calculating the growth value as a percentage of the previous year value

2022 2021 Change % Change

Net sales 639,400 578,200 61,200 10.6%

Cost of goods 464,800 433400 31,400 7.3%

Gross profit 174,600 144,800 29,800 20.6%

Operating exp. 70,500 43,000 27,500 70%

Net Income 104,100 101,800 2,300 2.26%

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3 years ago

___________ is a process used to test consumer reactions about a product among potential users.

aleksandrvk [35]

Answer:

the correct answer is D

Explanation:

Test marketing is a process used to test consumer reactions about a product among potential users.

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5 0

3 years ago

Read 2 more answers

There are three consecutive steps in a customer service process. The first two steps are each capable of serving 25 customers pe

MakcuM [25]

Answer:

If the first two steps are run at full capacity, then the third step has a waiting line.

Explanation:

Waiting line is defined as a line of people or vehicles waiting for something. Hence, if the first two step runs in a full capacity been able to serve 25 customers per hour. Meaning for each hour 50 customers will be attended to by the two, then the third will surely be on a waiting line.

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3 years ago

Anne and Bill are two of the most effective salespeople at XYZ Corporation in terms of average revenue per customer. Bill tends

sammy [17]

Although upselling and cross-selling are effective with existing customers, cross-selling is more likely than upselling to A. improve customer retention rate.

<h3>What is customer retention?</h3>

Customer retention refers to the ability of an organization or marketer to achieve customer loyalty over time.

When a customer is retained, there is always increased revenue from repeat purchases.

Customer retention increases brand loyalty.

Question Completion with Answer Options:

A. improve customer retention rate.

B. satisfy customer needs

C. provide the information necessary to diagnose reasons for customer defection.

D. increase customer profitability.

Thus, although upselling and cross-selling are effective with existing customers, cross-selling is more likely than upselling to A. improve customer retention rate.

Learn more about customer retention at brainly.com/question/11621168

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6 0

1 year ago

Last year Randolph Company had sales of $325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm's

alexdok [17]

Answer:

13.82%

Explanation:

Data provided in the question:

Sales = $325,000

Net income = $19,000

Assets = $250,000

Total-debt-to-total-assets ratio = 45.0% = 0.45

Now,

Total asset turnover = Sales ÷ Total assets

= $325,000 ÷ $250,000

= 1.3

Profit margin = Net income ÷ Sales

= $19,000 ÷ $325,000

= 0.05846

Equity multiplier = 1 ÷ [ 1 - Debt to asset ratio]

= 1 ÷ [ 1 - 0.45 ]

= 1.818

thus,

ROE = Profit margin × Total asset turnover × Equity multiplier

= 0.05846 × 1.3 × 1.818

= 0.1382

= 0.1382 × 100%

= 13.82%

7 0

3 years ago