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irakobra [83]
3 years ago
11

Wetzel Company has the following accounts and balances at the end of the fiscal​ year: Long−Term Notes Payable ​$150,000 Account

s Receivable ​$30,000 Accounts Payable ​$41,000 Building ​$55,000 Cash and Cash Equivalents ​$38,000 Salaries Expense ​$20,500 Common Stock ​$22,000 Interest Payable ​$4,500 Land ​$43,000 Short−term Investments ​$30,000 Income Taxes Payable ​$10,000 Equipment ​$59,500 Supplies ​$25,000 Service Revenue ​$99,000 Supplies Expense ​$38,000 Utilities Expense ​$28,500 Income Tax Expense ​$25,000 What is the total amount of liabilities at the end of the​ year?
Business
1 answer:
Kay [80]3 years ago
6 0

Answer:

$205,500

Explanation:

The computation of the total amount of liabilities at the end of the year is shown below:-

The Total amount of liabilities at the end of the year is

= Long−Term Notes Payable + Accounts payable + Interest payable + Income tax payable

= $150,000 + $41,000 + $4,500 + $10,000

= $205,500

Therefore for computing the total amount of liabilities at the end of the year we simply applied the above formula.

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What is Walmart's Times Interest Earned Ratio for the year of 2018 (round it to 3 numbers after the decimal point -> 0.581)
nika2105 [10]

Answer:

17.10 times

Explanation:

Complete word <em>"Walmart's reported the following amounts on its 2018 income statement E(Click the icon to view the amounts.) What is Walmart's times-interest-earned ratio for 2018? (Round to two decimals.) Times-interest-earned ratio X Data Table Year Ended December 31, 2018 42,000 Net income 6,300 Income tax expense 3,000 Interest expense Print Done"</em>

<em />

EBIT = Net Income + Interest expenses + Income tax expense

EBIT = $42,000 + $3,000 + $6,300

EBIT = $51,300

Times Interest Earned Ratio = EBIT / Interest Expenses

Times Interest Earned Ratio = $51,300 / $3,000

Times Interest Earned Ratio = 17.10 times.

4 0
2 years ago
You have worked with the research department to implement the research plan. The team has gathered the data, checked it for accu
Kipish [7]

Answer:questionnaire method

Explanation:

Using questionnaire methods to gather your responses, it would be very imperative and pertinent for your marketing department to utilize them. It is because, your questionnaire will show a well detailed information on your respective research. This would also give room for improvement if needs arises.

6 0
3 years ago
Read 2 more answers
Conservatives and liberals have very different views on healthcare reform. A news station places a story featuring the conservat
Aliun [14]
A. Bias by placement, because bias by labeling would be something to the effect of calling the liberals point of view  uneducated, or giving there view some negative label, bias by omission would mean completely ignoring the other side, and not covering it at all, whereas all the other ones don't really fit, bias by placement is something to the effect of airing one side in the morning, while everyone is watching, and airing the other one after everyone is asleep, which is what is done here, which we know by the sentence "<span>liberal point of view at the end."</span>
3 0
3 years ago
1. The period of time a person is expected to be in the work force is referred to as: a. Retirement life expectancy. b. Work lif
NeX [460]

Answer:

Work life expectancy

Explanation:

Work life expectancy can be defined as the period of time than an l individual is expected to be actively involved in the workforce. An individual's work life is greatly influenced by a number of different factors including educational height, health, marital and family responsibilities, economic opportunity, and additional sources of income.

Work life expectancy could also influenced by the high rate of unemployment in the economy and an individual's voluntary or involuntary withdrawal from the workforce.

6 0
3 years ago
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Match the term with the correct definition.
bixtya [17]

Answer:

Matched as below

Explanation:

a. Cashier’s check: A draft drawn by a bank on itself

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