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Oliga [24]
3 years ago
14

Among the short-term obligations of Larsen Company as of December 31, the balance sheet date, are notes payable totaling $250,00

0 with the Dennison National Bank. These are 90-day notes, renewable for another 90-day perio These notes should be classified on the balance sheet of Larsen Company asA. current liabilitiesB. deferred charges.C. long-term liabilities.D. intermediate debt.
Business
1 answer:
UkoKoshka [18]3 years ago
6 0

Answer:

A. current liabilities

Explanation:

notes payable are for a period of 90 days which falls under the definition of current liabilities and not for any other given option. current liabilities are those liabilities which are maximum up to 12 months of period. so we should answer A. current liabilities

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A customer has a margin account that shows a market value of $190,000 and a debit balance of $90,000. in addition, the account h
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A maintenance margin is a minimum equity an investor ought to preserve withinside the margin account after the acquisition has been made. Hence,  the long market value at maintenance in this case is $120,000.

<h3>What do you mean by long market value?</h3>

Long market value at maintenance refers to the point where an account must fall (in market value) to reach minimum maintenance (25% of market value). ;

The maintenance margin is far presently set at 25% of the full value of the securities in a margin account as in step with Financial Industry Regulatory Authority (FINRA) requirements.

To calculate the <em> </em>long market value at maintenance,  divide the debit balance by .75 ($90,000 / .75 = $120,000)

Hence,  the long market value at maintenance is $120,000.

Learn more about long market value at maintenance:

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2 years ago
Which of the following describe strategies that China used to achieve the status of a high-performing Asian economy? Check all t
xenn [34]

Answer:

Export of labor-intensive products

Heavy investment in building a world-class infrastructure to attract foreign investment

Explanation:

The population of China is the highest in the world, hence they concluded that they needed to use their number to their own advantage by adopting a labor-intensive production technique which enables them to export their products as well as ensuring a higher percentage of the populace is gainfully employed, little wonders how China products are available the world over.

Also, they provided  world class infrastructures which serve as incentives for foreign direct investment, for instance Apple moved its main factory to China due to the cheaper and available workforce coupled with the state of the art technological infrastructural development achieved by the Chinese people.

3 0
3 years ago
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Under Life Solicitation Rule, the definition that applies to a consumer that is most concerned about death benefit proceeds to b
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Answer:

life insurance net payment cost index

Explanation:

The accidental death benefit is referred to as a payment due to the sole beneficiary of an accidental death insurance policy. The accidental death benefit mostly is an amount paid which adds to the standard benefit payable if

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Depending on the issuer of the policy, the accidental death benefit may extend up to a year after the initial accident occurred, so long as the accident led to the insured's death.

6 0
3 years ago
The resources that contribute to the creation of wealth are known as ______.
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<span>production coefficients.

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production technologies.

production aggregates.</span>
7 0
3 years ago
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Data related to the inventories of Costco Medical Supply are presented below: Surgical Surgical Rehab Rehab Equipment Supplies E
scoundrel [369]

Answer:

$85

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Calculation for what the inventory of surgical supplies would be valued at

Net realizable value = $100 - $15

Net realizable value = $85

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