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gogolik [260]
3 years ago
9

Ace Company borrowed $10,000 from Fair Rates Bank by signing a two-year note payable. Ace's operating cycle is 14 months. This n

ote would be considered a ______ on the balance sheet.
Business
1 answer:
salantis [7]3 years ago
6 0

Answer:

The note will be stated as a long term liability on the balance sheet of the company.

Explanation:

Long term liability is the financial responsibility of the business which is due for more than a year in the future. The present portion of the long term debt which is separately listed in order to provide a more accurate view of the liquidity and the ability of the company to pay the current liabilities as they become due.

Company borrowed $10,000 from bank by singing a note of 2 year. This would be considered as the long term liability.

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2. If the public expects a corporation to lose $5 a share this quarter and it actually loses $4, which is still the largest loss
inn [45]

Answer:

Price of the stock will rise or increase

Explanation:

Efficient market hypothesis states that price of stock factors in all information related to the stock. As such, nobody can take advantage of higher returns offered by a particular stock for a long time.

In line with efficient market efficiency, if public expected a bigger loss of $5 but loss was only for $4, the price of stock will increase. Though the company still suffers a loss, it is less than what was expected by the market, resulting in increase in stock price.

5 0
4 years ago
Robertson, while a minor, contracted to borrow money from his father for a college education. his father mortgaged his home and
vodomira [7]

Answer:

Generally a minor cannot be held responsible for any contracts that they sign unless they involve basic necessities, e.g. food, clothes, shelter. But in this case, Robertson ratified the contract when he was already an adult (I guess he was an adult when he graduated as a dentist or during the next three years). Once Robertson ratified the contract, he cannot disaffirm it anymore.

3 0
3 years ago
What is one reasons why mixed economies exist?
Leona [35]

Answer:

Mixed economics place some limits for safety and society.

Some traits most mixed economies have in common:

-they generally protect private property

-they generally allow for demand and supply determine price

-the economy is usually driven by private self-interest and incentives.

4 0
4 years ago
Read 2 more answers
ASAP! Giving brainliest for CORRECT awnser.
ivann1987 [24]

Answer:

d i think

Explanation:

since she cares about the enviroment

Brainlest?

5 0
3 years ago
Read 2 more answers
sales of $1.67 million, cost of goods sold of $810,800, depreciation expenses of $175,000, and interest expenses of $89,575. Ass
Hunter-Best [27]

Answer:

Net income= 561,506.25

Explanation:

Giving the following information:

sales of $1.67 million, cost of goods sold of $810,800, depreciation expenses of $175,000, and interest expenses of $89,575.

Tax= 35 percent

We need to determine the net income.

Sales= 1,670,000

COGS= (810,800)

Gross profit= 859,200

Depresiation= (175,000)

Interest= (89,575)

EBT= 594,625

Tax= (594,625*0.35)= (208,118.75)

Depreciation= 175,000

Net income= 561,506.25

5 0
3 years ago
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