Answer:
Current liabilities:
Notes payable $8,000
Non-current/long-term liabilities:
Notes payable $1,224,000
Explanation:
The actual amount of notes payable at 31st December is the difference between the short-term debt and the amount of cash realized from the issue of common stock whose proceeds are meant to be used in liquidating the short-term debt.
The actual amount of notes payable=$1,232,000-$1,224,000=$8,000
By issuing common stock of $1,224,000 to repay the short-term debt,the $1,224,000 is effectively converted to funding of long-term nature,hence classified as long-term liabilities
Economic profits that are present in the short run.
Answer:
1.How has the growing economy contributed to the growing mice industry?
2.Why does nobody know the size of mice market?
Answer:
$0.3 per machine hour
Explanation:
The computation of the variable maintenance cost per machine hour using the high low method is shown below:
Variable cost per machine hour = (High maintenance cost - low maintenance cost) ÷ (High machine hours - low machine hours)
= ($9,000 - $7,200) ÷ (20,000 machine hours - 14,000 machine hours)
= $1,800 ÷ 6,000 machine hours
= $0.3 per machine hour
David wants to know if his company’s resources are being used in the best, most productive manner in order to achieve company goals. David wants to know his organization’s efficiency.
<h3>What is the significance of the organization’s efficiency?</h3>
Organizational efficiency of an organization mainly examines and determines how to increase the productivity of an organization by using a specific amount of resources.
Organization’s efficiency plays a very significant role in the smooth and effective operations of the firm as it helps the organization achieving the objectives.
Basically, the efficiency of an organization completely depends on its employees, resources, goals and objectives.
Learn more about organization’s efficiency here:-
brainly.com/question/13021831
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