Answer and Explanation:
The presentation of the liabilities side of the balance sheet is presented below:
<u> Southwest Airlines </u>
<u> Liabilities side</u>
<u> Balance sheet</u>
Current liability
Current portion of the long term debt $8,600,000
Long term liability
Notes payable $31,700,000 ($40,300,000 - $8,600,000)
Total liabilities $40,300,000
Answer:
Cost of Goods sold is $29
Explanation:
Under the perpetual LIFO or Last In First Out method of inventory valuation, we value the Cost of Goods Sold based on the price of the most recently purchased inventory before sale. Thus the units of closing inventory contains the inventory that was purchased first.
The cost of goods sold under LIFO will be,
Beginning Inventory (9* 3) = 27
Feb purchases (4 * 5) = 20
Oct sales (4 * 5 + 3 * 3) = (29)
Dec purchases (5 * 6) = 30
Ending Inventory = 48
So, the cost of goods sold under perpetual LIFO will comprise of the most recently purchased inventory before sale. The most recently purchased inventory before October sale was of February purchases. Thus, out of the 7 units sold, 4 will comprise of the February purchases and the remaining, 3 units, will be from the beginning inventory.
The cost of goods sold is,
COGS = 4 * 5 + 3 * 3
COGS = 29
Answer:
Commercial General Liability Policy will not provide compensation for injured caused by softball to the Director
Explanation:
Commercial General Liability (CGL) is an insurance policy that provide protection and assurance to a business organisation against any legal liability arising from the use of its property, while in the premises of the insured, from use of product.
The Commercial General Liability provides the coverage below:
-Liability arising from Bodily injury and property damage
-Liability arising from Personal and advertising injury and Medical payments
In this director scenario, the CGL have in its provision and condition to provide compensation for the injury caused as a result of their actions (e.g. building collapse, left broken bottles, bad product which directly affected third party) but the director was injured by his own accompanied property and have no relation whatsoever with the Land company. Hence no indemnity or compensation will be provided under the Commercial General Liability Policy.
<span>That is "True".</span>
<span>As vital as
the Web has been in the consumer market (B2C), it has turned out to be
considerably more imperative in the business-to-business (B2B) advertise. E-commerce
is the action of working on the Web or online. It alludes to purchasing and
offering items and services on the Web through a site. E-commerce stands for
electronic commerce.</span>
Answer:
The correct t answer is A. They are directly related - the higher the level of risk, all else equal, the more attractive the asset.
Explanation:
When the risk associated aged with an asset is high, usually the reward derived from.such an asset tends to be higher as well. This make the asset more attractive and desirable.
