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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 commercial building worth $400,000 is insured under a Commercial Property policy for $240,000, and an 80% coinsurance clause a
Mekhanik [1.2K]

Answer: $15,000

Explanation: The 80% coinsurance clause on the property means that the insurance policy holder is agreeing to contribute up to 80% of the property's worth. Hence in the event of a loss to the building worth $20,000; the insures policyholder would receive :

(Actual contribution/expected contribution) x value of loss to the property

Where : Expected contribution = 80% of property's worth

ie (80/100) x $400,000 = $320,000

then the insured is to receive: ($240,000/$320,000) x $20,000 = $15,000

4 0
4 years ago
Etcetera Clothing sold merchandise inventory on account at a price of $11,000 with payment terms of 2/10, n/30. The merchandise
Flura [38]

Answer:

Etcetera Clothing collected $10,780

Explanation:

Etcetera Clothing  sells merchandise inventory on terms of 2/10, n/30, which means that it will give a cash discount to a customer of 2% when the payment is made within 10 days and the whole settlement of account must be made in 30 days.

If the customer paid for the merchandise 5 days after receiving the invoice, the customer was granted the cash discount since the payment is still within the discount period.

The amount of cash discount is $11,000 × 2% = $220

Payment made to Etcetera Clothing will be $11,000 - $220 = $10,780

6 0
3 years ago
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A company is considering two projects. Project I Project II Initial investment $120,000 $120,000 Cash inflow Year 1 $40,000 $20,
Alexxx [7]
I think E:3.5 years
4 0
3 years ago
Fruits in their season cost less than when they are not in season. This is an example of a situational influence on value. Which
STALIN [3.7K]

Answer:

d. Time of the year

Explanation:

The<em> time of the year</em> reflects on fruit production (season growth). As most seasonal goods, its price varies drastically from the in-season period to the time when it's not in season. The temporal factor influencing this variation is the exact time of the year, as that is synonymous with the season period.

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3 years ago
You have been saving money from delivering groceries for instacart in a savings account to buy a new laptop before going to coll
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Answer:

Generally, however, you should expect a slight markup on at least some of the items you buy via Instacart. That makes it extra important to save money where you can. Ways to save on Instacart online grocery orders. When using Instacart, you can expect to pay a bit extra for the convenience. However, there are still ways to save.

Explanation:

5 0
3 years ago
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