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olga_2 [115]
3 years ago
7

Identify the accounts below that would be classified as current liabilities on a classified balance sheet. (Check all that apply

.)
a) Notes payable (due in three months)
b) Unearned rent
c) Accounts payable
d) Taxes payable
Business
1 answer:
evablogger [386]3 years ago
6 0

Answer:

a) Notes payable  = current liabilities

b) Unearned rent  = current liabilities

c) Accounts payable  = current liabilities

d) Taxes payable = current liabilities

Explanation:

Current Liabilities are Company`s Obligations that are due for settlement within a period of 12 months.

All the above Accounts are would be classified as current liabilities as settlement in cash or service <em>(when in comes to unearned rent)</em> is due within 12 months.

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Which category in Maslow's hierarchy includes basic survival needs such as air, food, water, and shelter?
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You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money? A) Com
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3 years ago
Kimble Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under-
olga55 [171]

Answer:

Compute overhead applied and the under- or overapplication of overhead for the period

Budgeted Rate = $1,600,000/ 400,000 machine hours

                         = $ 4 per Machine Hour

Overheads Applied = 390,000 × $ 4 per Machine Hour

                                       = 1,560,000

Actual Overheads            = 1,575,000

Less Applied Overheads = 1560,000

Under- Applied                =     15,000

Explanation:

<u>Overheads are Applied as follows:</u>

Actual Activity for the period × Budgeted Overhead Rate

<u>Budgeted Rate is determined as follows:</u>

Budgeted Total Overheads/Budgeted Activity

<u>Under- or Overapplication of overhead is determined as follows:</u>

Actual Overheads - Applied Overheads

Under Application is therefore : Actual Overheads > Applied Overheads

Over Application is therefore : Actual Overheads < Applied Overheads

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3 years ago
A common stock pays an annual dividend per share of $2.10. The market capitalization rate (required return on equity) is 10.0%.
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Answer:

the  value of the stock is $21

Explanation:

The computation of the value of the stock is given below:

= Annual dividend per share ÷ required rate of return

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