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
Mkey [24]
3 years ago
8

On December 31, 2006, Frye Co. has $2,000,000 of short-term notes payable due on February 14, 2007. On February 2, 2007, Frye is

sued a three-year notes to borrow $1,500,000 from County Bank and used $200,000 additional cash to liquidate $1,700,000 of the short-term notes payable.
The amount of the short-term notes payable that should be reported as current liabilities on the December 31, 2006 balance sheet which is issued on March 5, 2007, is $___.
Business
1 answer:
Juli2301 [7.4K]3 years ago
5 0

Answer:

The amount of short term notes payable reported as Current liabilities (CL) on December 31, 2006 is $500,000

Explanation:

The amount of short term notes payable reported as Current liabilities (CL) on December 31, 2006 is computed as:

Amount of short term notes payable = Short term notes payable due on Feb 14 - Borrowed from County Bank

where

Short term notes payable due on Feb 14 is $2,000,000

Borrowed from County Bank is $1,500,000

Putting the values above:

Amount of short term notes payable  =  $2,000,000 - $1,500,000

Amount of short term notes payable = $500,000

You might be interested in
In the past, ___________________ was an important advertising strategy used in movies. Now it is also used with video games. It
e-lub [12.9K]

Answer:

The answer options for this question are as follows:

A) product placement

B) direct mail

C) to commercial

D) sampling

The correct answer is: A) product placement.

Explanation:

Product placement is a market exposure to consumers of a new product on a trial basis. Once the trial period corresponding to the launch has passed, the placement of the product is decided by the establishment, always respecting the requirements of each manufacturer.

Product placement is a hotly contested form of advertising that can be very effective when used well, involves donating or receiving money in exchange for your product being featured on a TV show, in movies, or even in paparazzi photographs.

8 0
2 years ago
Tucker Company makes chairs. Tucker has the following production budget for January - March. January February March Units Produc
Mademuasel [1]

Answer:

Tucker Company

The number of board feet of wood that Tucker needs to purchase in February is:

=  46,297.

Explanation:

a) Data and Calculations:

Production Budget

                                               January   February      March      Total

Units Produced                         11,297       12,205      9,276   32,778

Board fee for each chair             4                4                4           4

Total board feet required       45,188       48,820     37,104    131,112

Board feet required               45,188       48,820     37,104    131,112

Ending Materials Inventory    9,764           7,421

Beginning Materials Inventory     (0)        (9,764)     (7,421)

Purchase of board feet        54,952      46,297

3 0
3 years ago
What is meant by the term operating leverage?
ludmilkaskok [199]
The percentage of fixed costs in a company's cost structure.
8 0
2 years ago
Should the United States pass a balanced budget amendment? Explain your answer.
ZanzabumX [31]

Answer:

There is no balanced budget provision in the U.S. Constitution, so the federal government is not required to have a balanced budget and Congress usually does not pass one. Several proposed amendments to the U.S. Constitution would require a balanced budget, but none have been enacted.

3 0
2 years ago
Read 2 more answers
What is said to exist when total demand equals total supply in a transportation problem? an equilibrialized problem a balanced p
ss7ja [257]

Answer:

a balanced problem

Explanation:

  • In the transportation problem, when the total supply is greater than the total demand than we will say that the problem is unbalanced and
  • when total demand equals total supply in a transportation problem that then we will say that the problem is balanced.
  • so here here correct option is : a balanced problem
8 0
3 years ago
Other questions:
  • How did lax security impact target's sales revenue and profit performance?
    15·1 answer
  • Job specifications can be defined as: a. planned sequences of jobs through which employees may advance within an organization. b
    10·1 answer
  • When using the wet method, holding the spray nozzle too close to the brake surface may cause asbestos fibers to
    14·1 answer
  • The time value of money reflects the fact that: a.a covenant requires the borrower to agree not to borrow any additional funds u
    12·1 answer
  • Which of the following is not considered part of your income?
    6·1 answer
  • Colombo Enterprises has a defined benefit pension plan. At the end of the reporting year, the following data were available: beg
    10·1 answer
  • What are the sources of information about foreign employment ? Introduce them in brief.​
    12·2 answers
  • Singapore is one of the leading producers of coffee in the world. However, there are a few companies in Singapore that import co
    7·1 answer
  • What is a business opportunity?
    14·2 answers
  • a realistic and cost-effective starting point for emergency services in low-income countries could be: a. major expansion of eme
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!