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3 years ago

Accounts payable is a: A. current liability. B. current asset. C. longminusterm liability. D. longminusterm asset.

Business

1 answer:

malfutka [58]3 years ago

7 0

Answer:

current liability

Explanation:

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Last year Dania Corporation's sales were $525 million. If sales grow at 10.5% per year, how large (in millions) will they be 8 y

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In 8 years, Dania Corporation's sales would be $936.33 million.

Solution:

Since last year sales = $525 million,

Let last year be Year 0

So, in year 0 = $525 million.

Sales grow = 7.5% per year,

Year 1,

525 x 1.075 = $564.375 million.

Year 2,

564.375 x 1.075 = $606.7 million

Year 3,

606.7 x 1.075 = $652.2 million

Year 4

652.2 x 1.075 = $701.12 million

Year 5

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Year 6

753.7 x 1.075 = $810.23 million

Year 7

810.23 x 1.075 = $871 million

Finally in year 8

871 x 1.075 = $936.33 million

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Answer:

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Explanation:

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3 years ago

Accounts payable is​ a: A. current liability. B. current asset. C. longminusterm liability. D. longminusterm asset.

Accounts payable is a: A. current liability. B. current asset. C. longminusterm liability. D. longminusterm asset.