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neonofarm [45]
3 years ago
13

The adjusted trial balance for Marigold Corp. at the end of the current year, 2021, contained the following accounts. 5-year Bon

ds Payable 8% $3000000 Interest Payable 48000 Premium on Bonds Payable 98000 Notes Payable (3 months.) 42000 Notes Payable (5 yr.) 167000 Mortgage Payable ($15000 due currently) 199000 Salaries and wages Payable 19000 Income Taxes Payable (due 3/15 of 2022) 26000 The total long-term liabilities reported on the balance sheet are
a. $3351000.
b. $3464000.
c. $3449000.
d. $3366000.
Business
1 answer:
True [87]3 years ago
8 0

Answer:

c. $3449000.

Explanation:

The relevant long-term liabilities items are as follows:

5-year Bonds Payable 8% = $3,000,000

Premium on Bonds Payable = $98,000

Notes Payable (5 yr.) = $167,000

Mortgage Payable ($15000 due currently) = $199,000 - $15,000 = $184,000

Therefore, we have:

Total long-term liabilities = $3,000,000 + $98,000 + $167,000 + $184,000 = $3,449,000.

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Corporate financing comes ultimately from:_______
zhannawk [14.2K]

Corporate financing comes ultimately from savings by households and foreign investors.

Option b

<u> Explanation: </u>

The respective government will formulate the corporate financing policy according to the economic need of the country. The economic policies will also device the rules and regulations for the corporate financing either in the way of banking institution or by foreign investment.

Corporate financing done by the banking institution will have the contribution from savings of households and another type of funding is foreign investment which is carried out by joint venture agreement. This way the country’s economy will mainly depends on corporate financing.  

3 0
3 years ago
Departmental Overhead Rates Lansing, Inc., provided the following data for its two producing departments:
QveST [7]

Answer and Explanation:

The computation is shown below:

1. Overhead rates

For Molding Deptt

= Total Estimated overhead ÷ Total Machine hours

= $400,000 ÷ 5,000

= $80 per machine hour

For Polishing Deptt

= Total Estimated overhead ÷ Total Labor hours

= $80,000 ÷ 20,000

= $4 per machine hour

2. Overheads assigned to Form A is

= (80 × 3500) + (4 × 5000)

= $300,000

Overheads assigned to Form B is

= (80 × 1500) + (4 × 15000)

= $180,000

Now

Overhead cost per unit

Form A = $300,000 ÷ 30,000 = $10 per unit

Form B = $180,000 ÷ 50,000 = $3.6 per unit

4 0
2 years ago
Use the indirect pattern when you need to soften or delay bad news until after an explanation is given. Understanding the four c
Trava [24]

Answer:

The correct answer is letter "B": Understanding.

Explanation:

While composing a text, the understanding buffering technique is helpful to show the reader the writer is concerned about what is being exposed. The buffering must provide a smooth transition to the explanation of the text. Thus, it must be written the most accurate possible.

5 0
3 years ago
Anita is the owner of Animatron Inc. She asks her employee, Bert, for sexual favors or else she will remove him as a manager. Wh
kkurt [141]

Answer:Quid pro quo case

Explanation:

Qui pro quo is a Latin word which simply means "something for something", that is an exchange of wants of great values.

Anita asked for sexual favour from her employee, Bert, in exchange for him to retain his position as the manager but his refusal caused him to lose his position as the manager to a common secretary.

Quid pro quo indicates that an something has been traded in return for something of value. Quid pro quo exist in a business organization when the business owner propose to promote an employee if he/she could fulfill their desires. In the case of Anita and Bert, the desire could be seen as 'sexual desires' in other words, sexual harassment by Anita to her employee.

5 0
3 years ago
If a Pennsylvania gun manufacturer raises the price of rifles it sells to the U.S. Army, its price hikes will increase a. both t
Anastaziya [24]

Answer:

D. The GDP deflator but not the CPI

Explanation:

GDP deflator is a tool used in measuring the changes in prices of goods and services produced in the country. It is measured by dividing nominal GDP with the real GDP. Since the Gun is part of the GDP, hike in prices will affect the GDP deflator.

On the other hand Consumper price index measures changes in prices of basket of goods and services consumed by households. The guns are not been bought by households but rather they are bought by the army in the US. Therefore changes in the price doesn't affect CPI.

6 0
3 years ago
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