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
bagirrra123 [75]
3 years ago
6

Bon Nebo Co. sold 25,000 annual subscriptions of Bjorn 20XX for $85 during December 2014. These new subscribers will receive mon

thly issues, beginning in January 2015. In addition, the business had taxable income of $840,000 during the first calendar quarter of 2015. The federal tax rate is 40%. A quarterly tax payment will be made on April 12, 2015.
Prepare the Current Liabilities section of the balance sheet for Bon Nebo Co. on March 31, 2015.
Business
1 answer:
Crank3 years ago
8 0

Answer:

Current Liabilities

Federal Income Taxes Payable $336,000

Advances on Magazine Subscriptions $1,593,750

Total Current Liabilities $1,929,750

Explanation:

Federal Income Taxes Payable

This is a current Liability as it falls under a period of a year. As March ends the first quarter, the quarterly tax is;

= 840,000 x 40%

= $336,000

Advances on Magazine Subscriptions

They are to deliver monthly subscriptions for 12 months to the tune of 25,000 copies which they have already been paid for. Under the Accrual system they cannot recognize this as revenue until they have fulfilled their obligation to deliver the magazines and until then, they are current Liabilities. As of end of March, they have fulfilled their obligations for 3 months leaving 9 in the year.

= 25,000 x $85 x 9/12

=$1,593,750

You might be interested in
Hadley, Inc. manufactures a product that uses $18 in direct materials and $5 in direct labor per unit. Under the traditional cos
Rama09 [41]

Answer:

Total Manufacturing cost per unit is $53

Explanation:

Manufacturing cost is the cost used to manufacture a product, both direct and indirect cost incurred in manufacturing process are included. It is the total value of material cost, labor cost and overhead cost.

Direct Material Cost = $18

Direct Labor cost  = $5 per hour

Manufacturing overhead applied = $13 per unit

Total Activity rate = $30

Activity based costing is the method of allocation of overhead to the products / department / projects on the basis of uses of activity by each one.As we know that calculating an activity rate which is similar to predetermined overhead rate.

Total Manufacturing Cost = Direct material cost + Direct Labor cost + Manufacturing overhead cost

As we know that calculating an activity rate which is similar to predetermined overhead rate. so the activity rate will be used for overhead expense.

Total Manufacturing Cost = $18 + $5 + $30 = $53 per unit

6 0
3 years ago
The city of Animaltown plans to build a new bridge across the river separating the two halves of the city for use by its residen
goldenfox [79]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

7 0
3 years ago
Did the realist theory develope in reaction to idealism
yaroslaw [1]
The answer is TRUE
 
Realism and idealism are divergent <span>schools of thought in international relations </span><span>theory. </span>The development of modern realist theory was as a reaction<span> to a liberal tradition that was labelled by the realists as idealism. Although the idealist themselves do not consider</span><span> their approach as unrealistic, the realists think it is.</span>
7 0
3 years ago
Given the following data: Treasury Bill Maturity DTM Bid Asked Mar 90 1.20 1.15 If you invest $10,000 today at the risk-free ra
Oksi-84 [34.3K]

Answer: $10029

Explanation:

Based on the information given in the question, if $10000 is invested today at the risk-free rate, the amount that'll be received in 90 days will be calculated thus:

= Investment × (1 + Asked) × (DTM/360)

= 10000 + (1 + 0.0115) × (90/360)

= 10000 + 1.011 × 0.25

= 10029

Therefore, the answer is $10029

7 0
3 years ago
Help pls
Gwar [14]

Answer:

Why should a research check that their information is reliable?

It is important to critically evaluate sources because using credible/reliable sources makes you a more informed writer. Think about unreliable sources as pollutants to your credibility, if you include unreliable sources in your work, your work could lose credibility as a result.

How do you determine the validity and reliability of data?

Reliability can be estimated by comparing different versions of the same measurement. Validity is harder to assess, but it can be estimated by comparing the results to other relevant data or theory.

How do you, as a student, organize information?

Students arrange information hierarchically, cate- gorically, sequentially, or in other ways. They discover and depict the overall structure of the material as well as how discrete pieces of information fit together. They organize and reorganize generalizations, principles, concepts, and facts.

Why should a researcher organize their data?

Choosing a logical and consistent way to name and organise your files allows you and others to easily locate and use them. ... Organising your files carefully will save you time and frustration by helping you and your colleagues find what you need when you need it.

What are different methods for organizing information?

Chronological Patterns. Sequential Patterns. Spatial Patterns. Compare-Contrast Patterns. Advantages- Disadvantages Patterns. Cause-Effect Patterns. Problem-Solution Patterns. Topical Patterns.

What does it mean to analyze information?

Information analysis is the systematic process of discovering and interpreting information.

What is the benefit of analyzing information?

Analysis is the process of breaking a complex topic or substance into smaller parts in order to gain a better understanding of it. The technique has been applied in the study of mathematics and logic since before Aristotle (384–322 B.C.), though analysis as a formal concept is a relatively recent development.

Why is it important to analyze information before making a decision?

Before analyzing data, it is important to first clearly understand for whom and for what purpose you are conducting the analysis. ... Therefore, conducting the analysis to produce the best results for the decisions to be made is an important part of the process, as is appropriately presenting the results.

now i hope this helps you

3 0
2 years ago
Other questions:
  • Margie Johnson is a staff accountant at ToolEx Company, a manufacturer of tools and equipment. The company is under pressure fro
    9·1 answer
  • "The type of retirement plan that gives the employer flexibility as to the amount contributed annually is a(n):"
    15·1 answer
  • An increase in savings __________.A. provides more funds for investment
    11·1 answer
  • In a competitive market, prices have to be higher than in a market where the firm has a monopoly
    5·1 answer
  • Natalie's team needs to make a decision on how to handle a big product recall. People on the team have a lot of strong opinions.
    15·1 answer
  • Stone and brick are substitutes in home construction. Consider the market for bricks depicted below. Suppose the price of stone
    10·2 answers
  • If you enter the teaching profession, you will have no money for vacations; and if you do not enter the teaching profession, you
    14·1 answer
  • On their second date, Colby and Mac spend a considerable amount of time talking about their pasts, revealing their likes and dis
    14·1 answer
  • Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common
    11·1 answer
  • Dyl Pickle Inc. had credit sales of $4,000,000 last year and its days sales outstanding was DSO = 35 days. What was its average
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!