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
Ipatiy [6.2K]
3 years ago
10

The Pioneer Company has provided the following account balances: Cash $38,000; Short-term investments $4,000; Accounts receivabl

e $48,000; Supplies $6,000; Long-term notes receivable $2,000; Equipment $96,000; Factory Building $180,000; Intangible assets $6,000; Accounts payable $30,000; Accrued liabilities payable $4,000; Short-term notes payable $14,000; Long-term notes payable $92,000; Common stock $180,000; Retained earnings $60,000. What are Pioneer's total current liabilities?
Business
1 answer:
mart [117]3 years ago
6 0

Answer:

$48000

Explanation:

Given: Accounts payable $30,000;

         Accrued liabilities payable $4,000;

         Short-term notes payable $14,000.

Current Liability: It is a financial obligation of the company that need to be paid in a short period of time, within one year or within normal operating cycle.

Now, computing current liabilities from the given information.

Current liability= Account\ payable+ Accrued\ liabilities\ payable+ Short-term\ notes\ payable

⇒ Current liability=  \$ 30000+\$4000+\$ 14000

∴ Current liability=  $48000

Hence, Pioneer's total current liabilities is $48000.

You might be interested in
Advice entrepreneurs on the advantages of a public company​
Ad libitum [116K]

Explanation:

<h2>Advantages</h2><h2>Ability to raise funds by selling stock. ... </h2><h2>Availability of financial information. ... </h2><h2>Increased government and regulatory scrutiny. ... </h2><h2>Strict adherence to global accounting standards. ... </h2><h2>Due diligence. ... </h2><h2>Prospectus. ... </h2><h2>SEC approval.</h2>
5 0
2 years ago
Read 2 more answers
a 16-year-old applied for a conventional loan in order to purchase a condominium. the lender denied the application, citing the
notsponge [240]

The true statement about this loan application is that: C. the lender lawfully denied the application because the applicant was under 18 and therefore was too young to legally sign a contract.

<h3>What is a loan?</h3>

A loan can be defined as an amount of money that is typically being borrowed by a borrower from a bank or other financial institutions (lender), and it is generally expected to be paid back by a borrower to the lender at a specific period of time with an agreed interest.

Generally, there are different types of loans and these include the following:

  • Secured loan
  • Auto loan
  • Credit-builder Loan
  • Unsecured loan
  • Mortgage loan

<h3>What is a contract?</h3>

A contract can be defined as a formally written agreement between two or more parties such as a group of people, team, etc., which primarily gives rise to a mutual legal obligation that is enforceable by law across specific jurisdiction in the world.

In this context, we can reasonably infer and logically deduce that the true statement about this loan application is that the lender lawfully denied the application submitted by this 16-year-old applicant (borrower) because she was under 18 and therefore was too young to legally sign a contract.

Read more on a contracts here: brainly.com/question/17185606

#SPJ1

Complete Question:

A 16 year old female applied for a conventional loan in order to purchase a condominium. The lender denied the application, citing the applicant's age as the reason for the denial. Which of these is true?

A: the lender violated the ECOA because the applicant is female and sex cannot be a lending consideration

B: the lender violated the ECOA because lending decisions can not be based on age

C: the lender lawfully denied the application because the applicant was under 18 and therefore was too young to legally sign a contract

D: none of these are true

6 0
1 year ago
Moon Software Inc. is planning to issue two types of 25-year, noncallable bonds to raise a total of $6 million, $3 million from
defon

Answer:

It will issue 34,407 bonds

Explanation:

The Original Issue Discount state that the interest are accrued during the life of the bond and included in the face value.

This means in 25 years, it will receive 1,000 dollars, how much will it pay for that now ?

we have to find the present value which makes the YTM equal to 10%

\frac{Face \: Value }{(1 + rate/m)^{time \times m} } = PV

where m are the times it compound per year

in this case a semiannualy rate is compounding 2 times per year

the rate will be 0,10 percent

the face value will be 1,000

and time equal to 25 years

\frac{1,000}{(1 + 0.1/2)^{25\times2} } = 87.20

If it needs to raise 3,000,000 It will issue:

3,000,000/87.20 = 34406.669 = 34,407 OID bonds

6 0
3 years ago
The Probability that no customers are in the system
Bumek [7]

Answer:most percent

Explanation:took quiz

4 0
3 years ago
The following data pertain to the Oneida Restaurant Supply Company for the year just ended. Budgeted sales revenue $ 205,000 Act
VikaD [51]

Answer:

Results are below.

Explanation:

Giving the following information:

Budgeted machine hours (based on practical capacity) 10,000

Budgeted direct-labor hours (based on practical capacity) 20,000 Budgeted direct-labor rate $ 13

Budgeted manufacturing overhead $ 364,000

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

<u>Machine hours:</u>

Predetermined manufacturing overhead rate= 364,000 / 10,000

Predetermined manufacturing overhead rate= $36.4 per machine hour

<u>Direct labor hours:</u>

Predetermined manufacturing overhead rate= 364,000 / 20,000

Predetermined manufacturing overhead rate= $18.2 per direct labor hour

<u>Direct labor cost:</u>

Direct labor cost= 20,000*13= $260,000

Predetermined manufacturing overhead rate= 364,000 / 260,000

Predetermined manufacturing overhead rate= $1.4 per direct labor dollar

3 0
2 years ago
Other questions:
  • Suppose a local McDonalds increases prices of hamburgers form $2 to $2.50. What will happen to the quantity of McDondalds hambur
    8·1 answer
  • The level of inputs a firm employs will determine a firm's:
    5·1 answer
  • Select the correct answer. If a company produces, promotes, and sells bags made of recycled paper, which concept is it using? A.
    7·1 answer
  • Shannon’s has developed a super-premium craft beer to be marketed as Shannon’s Irish Stout. The cost of production (brewing, can
    7·1 answer
  • Which of the following measures the relationship between cost of merchandise sold and the amount of inventory carried during the
    13·1 answer
  • Potential GDP is:
    14·1 answer
  • The president of the Micro Brewing Corporation asks you, as the company economist, to forecast changes in consumer beer purchase
    9·1 answer
  • Assume your balance is back at $0. You desperately want a TV for your bedroom, but you don’t have any money saved. You put the $
    8·1 answer
  • All of the following costs should be charged against revenue in the period in which costs are incurred except for costs from idl
    11·1 answer
  • There are many account representatives who can help you with your order is an example of a cliche.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!