The country in which an International company has its primary headquarters and the larger consumer base is called its

Norma Smith is the controller of Bramble Corporation and is responsible for the preparation of the year-end financial statements

melisa1 [442]

Answer:

Current liability refers to the short term obligations of the firm which need to be settled down within a period of one year or within a normal operating cycle.

(a) $0 would be reported as current liability, as it is not a current liability. It is a contingent liability.

(b) The amount of current liability is $192,900 because it is a liability of a firm to pay bonuses to the employees.

(c) The amount of current liability is as follows:

= $900,000 × 0.08 × (1/12)

= $6,000

Payment of interest on loan is a liability of the firm.

(d) $0 would be indicated in current liability, because provision for doubtful accounts is subtracted from the total accounts receivable to determine the net account receivables.

(e) Proposed dividend is a part of current liability and the amount of dividend to be shown as current liability is as follows:

= Dividend per share × No. of shares outstanding

= $3.50 per share × 41,810

= $146,335

(f) Customer advances is a current liability and the amount of customer advances to be reported in current liability is calculated as follows:

= Customer advances - Amount earned this year

= $193,100 - $57,900

= $135,200

6 0

3 years ago

What are welfare payments or consumer subsidies in south africa

Tamiku [17]

Welfare payments are usually made in cash equivalents that can be used be the recipient for a variety of goods and services. Consumer subsidies are used for one thing, such as food.

5 0

3 years ago

Customers compare brands and plan for the purchase of which products?

UkoKoshka [18]

Answer

Customers compare brands and plan for the purchase of a speciality product.

Explanation

These are those products that have unique characteristic and brand identification where specific customers are willing to make a purchase of the product with personal efforts.These products apply to specif customers who are willing to make an effort during the purchase process.A Ferrari can serve as a good example.

6 0

3 years ago

Read 2 more answers

Walter used to work as a high school teacher for $40,000 per year but quit in order to start his own painting business. To inves

tester [92]

Answer:

According to Tyler the accountant the costs are $25,900 and Greg says the costs are $66,500.

Explanation:

COST AS PER TYLER -

According to Tyler( accountant) , Walters accounting cost will include the expenses which have been incurred on the painting business, so it will include the expenses paid by Walter on supplies and the interest he pays to his uncle.

Accounting cost = $25,000 + $30,000 x 3%

= $25,000 + $900

= $25,900

COST AS PER GREG -

According to Greg (economist) , Walters economic cost will include both the explicit cost and implicit cost. The explicit cost is $25,900 and the implicit cost is the opportunity cost which will include the interest that Walter could have earned on savings account and the salary as a teacher.

Economic cost = $25,900 + $40,000 + $20,000 x 3%

= $25,900 + $40,000 + $600

= $66,500

6 0

3 years ago

Read 2 more answers

Savings tools offered by depository institutions may earn interest. which of the following statements is not true about interest

irina [24]

D interest is the price paid for usong someone elses moneu

7 0

3 years ago