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
Lubov Fominskaja [6]
3 years ago
7

The purpose of reporting Current Maturities of Long-Term debt is to: a. report any portion of a long-term borrowing that is to b

e paid in the upcoming accounting period as a current liability.
b. reclassify a portion of debt from the noncurrent section of the balance sheet to the current section of the balance sheet.
c. properly classify liabilities.
d. all of the above.
Business
1 answer:
Ket [755]3 years ago
5 0

Answer:

Correct option is (d)

Explanation:

Current liabilities are part of obligations of the organization that it needs to meet within one year. Current maturities of long term debt represents that part of long term debt such a bonds or loans that need to be paid of in the current financial year.

It is shown as a separate item in the balance sheet as it is paid off using highly liquid asset such as cash.

You might be interested in
When an electrical circuit is capable of conducting current.​
mario62 [17]

Answer: When the switch is closed.

Explanation: The current is the flow of charges, the current can only flow when the switch is closed

3 0
3 years ago
Hey guys, what is the best vacation you ever had? Tell me all about it, mine was when i went to myrtle beach south carolina with
alekssr [168]

Answer:

Hey my best vacation was to India when I had visited a lot of places and temples.....I had also a great time with my family....I had eaten fresh mangoes that grew in my farm....I miss those days

5 0
3 years ago
Messana Corporation reported the following data for the month of August: Inventories: Beginning Ending Raw materials $36,000 $24
Wittaler [7]

Answer:

$217,000

Explanation:

                           Begining   Purchases   Ending  

Raw Materials  $ 36,000 $ 69,000 $ 24.000

Work in Process  $ 23,000 $ 17,000         $ 6.000

Finished Goods  $ 37,000  $ 55,000 -$ 18.000

Direct Lab Costs  $ 94,000 $ 94,000

Manuf Overhead $ 54,000 $ 54,000

 Total  

Raw Materials  $ 81.000

Work in Process  $ 6.000

Finished Goods  -$ 18.000

Direct Labor Costs  $ 94.000

Manufacturing Overhead  $ 54.000

Costo of Goods Manufactured  $ 217.000

5 0
2 years ago
A firm is considering two projects. Project Peso requires an initial investment of $100,000. The Internal Rate of Return for Pro
Fofino [41]

Answer:

to accept both the projects i.e. Project Peso and Project Quasi

Explanation:

As we can see in the given case, that the weighted average cost of capital on the projects is 9% while on the other hand, Perso and Quasi both have the internal rate of return 10.6% and 12.6% i.e. above 9% so based on this, the decision that should firm make is to accept both the projects i.e. Project Peso and Project Quasi

The same would be relevant

6 0
3 years ago
Scenario 5 Guemmer Specialty Foods can produce their famous cherry pies at a rate of 1650 cases per day (this is the daily produ
Arturiano [62]

Answer:

c) Annual set up cost= $9878.04

Explanation:

<em>Economic batch quantity (EBQ) is also known as economic production run, It is the optimum production run that a manufacturer should operate to minimize set up cost and carrying cost. </em>

<em>Carrying cost is the cost of keeping inventory while set up cost is cost of getting machines ready for production</em>

Annual inventory cost = = Set up cost per  run×   Annul demand / EBQ

<em>Annual demand / the economic production run(EBQ)</em>

It is calculated as follows:

Economic batch quantity =√2× Co× D / Ch(1-D/P)

Where ,

D - annual demand - 62,500

Ch -holding cost per unit per annum - $11.50

Co- set up cost - $320

Production rate  = 1650 units per day  × 250 days =412,500 units

<em>Economic batch quantity</em>

= √(2× 320× 62,500) / (11.50× (1- 62500/412500) )

=2024.69 units

<em>Annual set up cost</em>

= Set up cost per run ×   Annul demand / EBQ

= $320×  62,500/2024.69

Annual set up cost= $9878.04

6 0
2 years ago
Other questions:
  • In 1626, Peter Minuit of the Dutch West India Company paid $24 to purchase Manhattan Island in New York. In retrospect, if Mr Mi
    15·1 answer
  • The cover letter should _____. a. be a minimum of two pages in length b. never ask for an interview c. introduce you to an emplo
    8·2 answers
  • Monte Vista uses the perpetual inventory system. At the beginning of the quarter, Monte Vista has $39,000 in inventory. During t
    5·1 answer
  • What are the requirements for being a dental assistant?
    8·1 answer
  • The catapult systems repair crew on an aircraft carrier is responsible for repairing the system that launches the aircraft from
    8·1 answer
  • In elementary school, your second grade teacher probably led his students from the classroom to the lunch room or the library by
    5·1 answer
  • William Welsh, a former Air Force pilot, decides to operate a helicopter tour company to provide customers with breathtaking vie
    11·2 answers
  • Why do grocery stores put canned pears on sale?
    8·2 answers
  • Which of the following statements are true? Multiple select question. Raw materials inventory only includes the cost of direct m
    15·1 answer
  • a bookkeeping list of assets (money, property, ideas...), identified ownership, and transactions that record the transfer of own
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!