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Charra [1.4K]
3 years ago
12

Which of the following accounts are normally reported as current liabilities on a classified balance sheet?

Business
1 answer:
IRISSAK [1]3 years ago
7 0

Answer:

d. Income Taxes Payable and Salaries Payable

Explanation:

Current liabilities are short term obligations of an entity due for repayment within a period of 12 months.

From the options given d. Income Taxes Payable and Salaries Payable both presents current liabilities.

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Conduct your own social engineering experiments. 1) While at a restaurant, convenience store, bank, place of business, or any sh
alexandr1967 [171]

<u>Explanation:</u>

Note,  in the ICT field, the term social engineering refers to actions that involve the use of cunning to steal sensitive or unauthorized information from someone by means of social or human interactions with them.

For example, such information could be manipulatively gotten;

  • address,
  • age,
  • Social security number,
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5 0
3 years ago
Future economic trends are not influenced by economic theories. True or false?
nikklg [1K]
That statement is false.
Economic theories will determine how companies see the market and will somehow affect the decision that they will make for the market.
This decision will influence the future economic trends because these companies usually are really forward thinkers. From this, we could draw a correlation between future economic trends and economic theories
5 0
3 years ago
2. Why has the U.S. become a spending society?
aleksklad [387]
Geared to entice people to spend I think
7 0
2 years ago
The following information is available for Splish Brothers Corp. for the year ended December 31, 2022. Other revenues and gains
Readme [11.4K]

Answer:

Net Income    <u>  195,300</u>

Explanation:

The question is to prepare a  multi-step income statement

Splish Brothres Corp

Income Statement for the year ended December 31, 2022

Particulars/Description                               Amount ($)                    Amount ($)

Sales Calculation                                      

Sales Revenue                                                                                   747,000

Subtract:

Sales Returns                                               9,000

Sales discounts                                            3,200                            (12,200)

Net Sales                                                                                             734,800

Cost of Goods sold                                                                             (283,000)

Gross Profit                                                                                          451,800

Operating Expenses                                                                           (210,000)

Operational Income                                                                             241,800

Other gains and revenue                         21,800

Other Expenses and losses                      (3,200)                                 18,600

Income before Income Taxes                                                              260,400

Income tax expense (25% x 260,400)                                              <u>   (65,100)</u>

Net Income                                                                                        <u>   195,300</u>

4 0
3 years ago
John Gardner is the city planner in a medium-sized southeastern city. The city is considering a proposal to award an exclusive c
borishaifa [10]

Answer:

<u>Monopoly</u>

P =      $20.00

Q = 10,000

<u>Socically Efficient:</u>

P = $16.80

Q = 14,000

The monopoly generates a deadthweight loss to maximize their gain.

In the socially efficient situation, there is no deadthweight loss threfore this makes the economy as a whole better.

Explanation:

Price = 28 - 0.0008Q

Marginal Cost  = 0.0012Q

Revenue: P x Q = (28 - 0.0008Q) x Q = 28Q - 0.0008Q²

Marginal Revenue:

R' = R(q) / dq = 28 -0.0016Q

We want to produce and sale until marginal revenue matches marginal cost:

28 -0.0016Q = 0.0012Q

28 = 0.0028Q

Q = 28 / 0.0028 = 10,000

P = 28 - 0.0008 (10,000) =

P = 28 - 8 = 20.00

The social efficiency will be that Price equals Marginal Cost.

28 - 0.008Q = 0.0012Q

28 = 0.0020Q

28 / 0.0020 = Q = 14,000

P = 28 - 0.0008(14,000) = 28 - 11.2 = 16,8

7 0
3 years ago
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