1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
wolverine [178]
3 years ago
6

Assume bonds payable are amortized using the straight-line amortization method unless stated otherwise.

Business
1 answer:
taurus [48]3 years ago
3 0

Answer:

Luxury Suites Hotels

Balance Sheet as of December 31, 2018:

Liabilities:

Current Liabilities:

Sales Tax Payable                            400

Interest Payable (due next year)   1,000

Estimated Warranty Payable         1,300

Salaries Payable                            2,600

Discount on Bonds Payable        13,500

Accounts Payable                     $33,000

Total current liabilities                                   $51,800

Long-term Liabilities:

Note Payable (long-term)      $200,000

Bonds Payable (due 2022)     450,000

Total long-term liabilities                          $650,000

Total liabilities                                            $701,800

Explanation:

The Hotel's liabilities are the financial obligations that Luxury Suites Hostels owes the debt providers for funding its assets.  They are divided into two: current and non-current or long-term liabilities.  The obligations that are expected to be settled within the next one year are classified as current.  The other obligations which are not expected to be settled within one year are called noncurrent or long-term liabilities.  Liabilities are forms of leverage or gearing that a company employs to help her in generating profits for equity stockholders.

You might be interested in
Raising Bulls, Inc., has current assets of $5,100, net fixed assets of $23,800, current liabilities (payables and accruals) of $
Elenna [48]

Answer:

<em>Total Shareholders’ Equity</em>

Total Shareholders’ Equity = Total Assets − Total LiabilitiesTotal

Shareholders’ Equity = {(Current Assets + Net Fixed Assets) − (Current liabilities + Long term debt)}

Total Shareholders’ Equity = {($5,100 + $23,800) − ($4,300 + $7,400)}

Total Shareholders’ Equity = $28,900 − $11,700

Total Shareholders’ Equity = <u><em>$17,200</em></u>

<em>Net-working capital?</em>

Net-working Capital = Current assets - Current liabilities

Net-working Capital = Current assets - Current liabilities (payables and accruals)

Net-working Capital = $5,100 - $4,300

Net-working Capital = <u><em>$800</em></u>

<u><em /></u>

<em>If you find this helpful rate be brainliest please. Thanks. </em>

8 0
3 years ago
Jedida is the new manager for a team in an advertising agency. Her team has worked together effectively for the last 10 years, a
CaHeK987 [17]

Answer:

Explanation:

Task oriented, effective, group cohesiveness, neutrolize.

Why these options were chosen?

We can see from Jedida's behavior that she is task oriented, because the first thing she did when coming to new employment place is scheduling a meeting.

In a lot of circumstances such behavior could harm the trust and relationship between manager and the team.

However it is said that the team is very close and know each other for a long time. So, such cohesiveness can neutrolize this leadership behavior.

3 0
3 years ago
The best mechanisms known today for efficiently providing goods and services are:
ad-work [718]
The cant Understand It sorry
So I just Gonna Go to google search
Wait me for a minute aaaaaa
4 0
3 years ago
In the former Soviet Union, producers were paid for meeting output targets, not for selling products. Under those circumstances,
Firlakuza [10]

Answer:

The economic incentive was to produce enough to meet the output target, without regard for quality or cost.

Explanation:

As the only condition for the payment to the producers is linked with the output thus there is no constraint for the quality and the sales of the product. This indicated that the producer will get the reward irrespective whether the quality or cost of the product is feasible or not.

8 0
3 years ago
Read 2 more answers
Peggy Lane​ Corp., a producer of machine​ tools, wants to move to a larger site. Two alternative locations have been​ identified
Alborosie

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Two alternative locations have been​ identified: Bonham and McKinney. Bonham would have fixed costs of $ 800,000 per year and variable costs of $ 13,000 per standard unit produced. McKinney would have annual fixed costs of $ 920,000 and variable costs of $ 12,000 per standard unit. The finished items sell for $ 29,000 each.

Costs:

Bonham= 800,000 + 13,000*x

McKinney= 920,000 + 12,000*x

1) 800,000 + 13,000*x=920,000 + 12,000*x

1,000x=120,00

x=120 units

2) Because Bonham has a higher variable cost, from the indifference point and below, it generates a higher profit. From 120 units and more it generates less profit than McKinney.

3) Break-even point= fixed costs/ contribution margin

Bonham:

Break-even point= 800,000/(29,000 - 12,000)= 47 units

McKinney:

Break-even point= 920,000/(29,000-13,000)= 58 units

6 0
3 years ago
Other questions:
  • Calculate the present value of annual payments of $3,000 per year for ten years at 8%.
    10·2 answers
  • A neighborhood recreation program serves a total of 280 children who are either 11 years old or 12 years old. the sum of the chi
    11·2 answers
  • White Corporation, a closely held personal service corporation, has $150,000 of passive activity losses, $120,000 of active busi
    10·1 answer
  • "Total revenue equals the price multiplied by the quantity. The relative change price and quantity is given by the concept of __
    14·1 answer
  • A flower shop makes a large sale for $1,500 on June 30th. The customer is sent an invoice on July 5th, and a check is received o
    12·1 answer
  • In a fine dining restaurant, which of the guests at a table should the staff serve first?
    6·2 answers
  • An easy way to make a document available to several people is by
    13·1 answer
  • How can you reach the best version of yourself?
    5·2 answers
  • A work system has five stations that have process times of 5, 9, 4, 9, and 8. What is the bottleneck time
    9·1 answer
  • What are the portfolio weights for a portfolio that has 122 shares of Stock A that sell for $32 per share and 102 shares of Stoc
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!