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
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

You might be interested in
Because other firms are willing to pay to advertise with them, suppliers of nonrival private goods often modify their products t
OLEGan [10]

Answer:

b. Public Goods

Explanation:

Public Goods -

It is the type of goods and services , which each and every person can use , without any kind of restriction , is known as public goods .

These type of goods are considered to be non - rivalrous , i.e. ,  these goods do not reduce , irrespective of their usage .

And ,

are non - excludable , i.e. , these goods are open for all and some individual or group van not hold on to it .

The example of public goods are - public parks , sewer system , law enforcement etc .

7 0
3 years ago
Question 7 (Multiple Choice Worth 4 points)
Stolb23 [73]

In a situation wherein Country Y has a progressive tax system for income, with no credits or deductions, a CEO earning $2.5 million per year would pay the most as a percentage of income in the country Y. Therefore, the option D holds true.

<h3>What is the significance of a progressive tax system?</h3>

A progressive tax system can be referred to or considered as a system wherein the percentage of tax to be levied increases with an increase in the total taxable income for an individual. The rates of taxation under this system are defined under percentage.

In the situation given above, when a CEO in country Y earns $2.5 million, i.e., more than any other person mentioned above, he will be the one who will have to pay the most taxes as a part of percentage of his income.

Therefore, the option D holds true and states regarding the significance of the progressive tax system.

Learn more about progressive tax system here:

brainly.com/question/12416177

#SPJ2

4 0
1 year ago
Read 2 more answers
Regling Company provides its employees vacation benefits and a defined benefit pension plan. Employees earned vacation pay of $4
Leto [7]

Answer:

A.

Dr Vacation pay expenses $40,000

Cr Vacation pay payable $40,000

B.

Dr Pension expenses $222,750

Cr Cash $185,000

Cr Unfunded pension liability $37,750

Explanation:

Regling Company Journal entries

A.

Dr Vacation pay expenses $40,000

Cr Vacation pay payable $40,000

B.

Dr Pension expenses $222,750

Cr Cash $185,000

Cr Unfunded Pension liability $37,750

8 0
3 years ago
How much can Azco Autosystems, Inc., afford to spend on an energy management system if the software will save the company $21,30
ivann1987 [24]

The amount that that  Azco Autosystems, Inc.,  can afford to spend on an energy management system is $80,744.

<h3>Present value</h3>

Using this formula

Present Value = A(P/A, 10%, 5)

Where:

A=$21,300

(P/A, 10%, 5)=3.79079

Let plug in the formula

Present Value = 21,300 (P/A, 10%,5)

Present Value = 21,300 (3.79079)

Present Value =80,743.8

Present Value = $80,744 (Approximately)

Inconclusion the amount that that  Azco Autosystems, Inc.,  can afford to spend on an energy management system is $80,744.

Learn more about present value here:brainly.com/question/15904086

4 0
2 years ago
Determine the missing amounts. Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio 1. $900
Pie

Answer:

(a) = $468

(b) = 52%

(c) = $144

(d) = 28%

(e) = $1150

(f) = $920

Explanation:

    selling price   variable cost    contribution   margin contribution ratio

1.     $900             $432                  (a) $                          (b)%

2.    $200            $ (c)                     $56                            (d)%

3.  $ (e)               $(f)                       $230                          20%

contribution = selling price - variable costs

Margin contribution ratio = contribution / sales

Variable cost = selling price - contribution

Selling price = contribution / margin contribution ratio

5 0
3 years ago
Other questions:
  • Grant has avoided applying for credit cards or taking loans. He only uses his savings to pay for purchases. What is the most lik
    8·2 answers
  • At the end of Year 1, the balance sheet for the Rich Food Restaurant showed cash at $20,000. At the end of Year 2, the balance s
    8·1 answer
  • Susan participates in a Section 403(b) plan at work that includes loan provisions. Susan has recently enrolled in college and ha
    5·1 answer
  • george forgot to pay his monthly life insurance premium that was due march 1. the policy had a face value of $100,000. on march
    10·1 answer
  • Ayesha is a strategist for the firm Optiks Inc., which produces high-quality HD movie cameras. This company needs a specific mat
    5·1 answer
  • a strategy tool that guideline resources allocation on the basis of market share and growth rate of single business units is
    6·1 answer
  • Following are account balances (in millions of dollars) from a recent State annual report, followed by several typical transacti
    6·1 answer
  • Thế nào là toàn cầu hóa thị trường, toàn cầu hóa sản xuất?
    10·2 answers
  • On the cost of goods manufactured schedule, the cost of goods manufactured agrees with the:________ a. total debits to Work in P
    14·1 answer
  • A company has the following selected account balances: Sales $ 250,000 Sales Discounts 1,500 Sales Returns and Allowances 2,300
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!