Answer:
Desert Company
The amount of notes payable that should be recorded as a current liability will be $520,000.
Explanation:
The 8% notes payable had been refinanced to a long-term notes payable. But, the 7% notes payable was still being negotiated for refinancing. Since the refinancing had not been agreed, the notes payable would still have a balance of $520,000. However, a note in accounts could state the fact that the notes payable was being negotiated for refinancing.
Answer:
$3,000,000
Explanation:
Short term debt: The short term debt is those debts that are due for a less period i.e less than 12 months or one year. It is shown under the current liabilities on the balance sheet side.
In the question, it is given that the $3,000,000 note payable is mature on March 15, 2018, and we record the same on December 31, 2017 balance sheet. If we see the time period between these two dates so it will be less than 12 months. That's why we consider as a total short term debt
Critical reading means that a reader applies certain processes, models, questions, and theories that result in enhanced clarity and comprehension. There is more involved, both in effort and understanding, in a critical reading than in a mere "skimming" of the text.
Answer: Cost is decreasing at $2,677 per year.
Explanation:
The number of students in the school is increasing by 15 students a year.
The cost of that is:
= 15 * 1,252
= $18,780
The cost is also decreasing at a rate of $43 per student per year. There are currently 499 students. The total decrease is therefore:
= 43 * 499
= $21,457
The change is:
= Increase in cost - Decrease in cost
= 18,780 - 21,457
= - $2,677
Cost is decreasing at $2,677 per year.
I think it’s a or b not sure though :/ sorry