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Savatey [412]
3 years ago
14

Which of the following is not considered to be a liability? Answers: a. Wages Payable b. Unearned Revenues c. Accounts Payable d

. Accounts Receivable
Business
1 answer:
Verdich [7]3 years ago
4 0

Answer:

d. Accounts Receivable.

Explanation:

In Financial accounting, liability can be defined as the amount of money being owed by an individual or organization to another.

Simply stated, liability is a debt being owed and as such it usually has "payable" in its account title on the balance sheet.

Generally, liabilities are recorded on the right side of the balance sheet and it comprises of financial informations such as warranties, bonds, loans, deferred revenues, mortgages, account payable etc.

Accounts Receivable is not considered to be a liability because it is the payment a business firm would receive from its customers for goods purchased or services taken on credit. Accounts Receivable are recorded in the current assets section of the balance sheet because they add value to a business firm.

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Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at
Butoxors [25]

Answer:

The question is not incomplete as it is missing the requirement below:

A) The activity rates for each activity and

B) The activity-based factory overhead per unit for each product.

Fabrication activity rate=$68 /dlh

Assembly activity rate =$35 /dlh

Setup activity rate =$390/setup

inspection activity rate=$90/inspection

Speed boat activity based factory overhead=$387000

Bass boat activity based factory overhead=$213000

Explanation:

Fabrication activity rate=$204,000/(2000+1000)=$68 /dlh

Assembly activity rate =$105000/(1000+2000)=$35 /dlh

Setup activity rate =$156000/(300+100)=$390/setup

inspection activity rate=$135000/(1100+400)=$90/inspection

Speed boat total overhead is computed thus:

fabrication  $68*2000                     136000

Assembly  $35*1000                          35000

setup $390*300                                 117000

inspection $90*1100                           <u>99000 </u>

Total                                                      387000

bass boat total overhead is computed thus:

fabrication  $68*1000                     68000  

Assembly  $35*2000                       70000

setup $390*100                               39000

inspection $90*400                          <u>36000  </u>

Total                                                   213000

8 0
3 years ago
The comparative balance sheets for Kingbird Corporation appear below:
otez555 [7]
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7 0
2 years ago
Define the sentence : A marketer can realise their goals by manufacturing ,selling , improving and modifying the product . ​
andreyandreev [35.5K]

Answer:

Having a great marketing strategy in place is key to the success of any business. Without a marketing strategy, you lack focus. And without focus, you will, quite simply, fail to reach any of the goals and objectives that you have set. Failure to plan is planning to fail.

Marketing is not a standalone, one-off activity. It is made up of several different components that are necessary throughout each and every stage of a business’s endeavours - from long before a sale is even made, to long after. With so much going on, it is essential to have a strategy in place.

4 0
2 years ago
On January​ 1, 2024, Tyson Manufacturing Company purchased a machine for $41,100,000. ​Tyson's management expects to use the mac
denis23 [38]

Answer:

Annual depreciation= $5,865,714.29

Explanation:

Giving the following information:

Purchase price= $41,100,000

Salvage value= $40,000

Useful life in hours= 28,000

<u>To calculate the depreciation expense for 2024, we need to use the following formula:</u>

Annual depreciation= [(original cost - salvage value)/useful life of production in hours]*hours operated

Annual depreciation= [(41,100,000 - 40,000) / 28,000]*4,000

Annual depreciation= $5,865,714.29

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3 years ago
The set of skills and knowledge needed to make informed decisions about
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