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zzz [600]
3 years ago
7

Santana, Inc. reports the following liabilities (in thousands) on its January 31, 2014, balance sheet and notes to the financial

statements.Accounts payable $4,263.9 Mortgage payable $6,746.7Accrued pension liability 1,115.2 Operating leases 1,641.7Unearned rent revenue 1,058.1 Notes payable (due in 2017) 335.6Bonds payable 1,961.2 Salaries and wages payable 858.1Current portion of mortgage payable 1,992.2 Notes payable (due in 2015) 2,563.6Income taxes payable 265.2 Unused operating line of credit 3,337.6Warranty liability—current 1,417.3Prepare the liabilities section of Santana’s balance sheet as at January 31, 2014.
Business
1 answer:
deff fn [24]3 years ago
3 0

Answer:

$22,577.1

Explanation:

SANTANA INC.Balance Sheet (Partial)January 31, 2014

Current liabilitiesNotes payable $2,563.6

Accounts payable $4,263.9

Current portion of mortgage payable $1992.2

Warranty liability $1,417.3

Unearned rent revenue $1,058.1

Salaries and wages payable $858.1

Income taxes payable $265.2

Total current liabilities $12,418.4

Long-term liabilitiesMortgage payable$6,746.7

Bonds payable $1,961.2

Accrued pension liability$1,115.2

Notes payable $335.6

Total long-term liabilities $10,158.7

Total liabilities $22,577.1

($12,418.4 +$10,158.7)

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Question Completion:

If Delicious Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign.

Answer:

Delicious Catering

Using the Accrual method, Delicious Catering would have recorded for the month a net income of $1,670.

Explanation:

Data and Calculations:

Prepaid Rent for 3 months = $1,500

Rent expense for the month = $500 ($1,500/3)

Utilities expense = $190

Service Revenue:

Cash for meals = $2,400

Credit                    2,000

Total                    $4,400

Salary Expense = !,700

Depreciation expense = $340

Kitchen Equipment = $2,500

Income Statement for the month of May:

Service Revenue                 $4,400

Expenses:

Rent                            $500

Utilities expense           190

Salary expense          1,700

Depreciation expense 340

Total expenses                   $2,730

Net Income                        $1,670

8 0
3 years ago
Determine which startegic review process element is described below.
Nadusha1986 [10]

Answer:

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b. Trend Analysis

c. Environmental Scanning

Explanation:

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In statement c, the environmental analysis is done. The democratic candidate will impose higher taxes and republic candidate will lower the taxes, this is considered as environmental scanning.

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An elderly physician has built up his own practice into a quite valuable business. Now that he is thinking of retiring, he wants
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No

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3 years ago
Novak Company took a physical inventory on December 31 and determined that goods costing $190,000 were on hand. Not included in
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Answer: $237070

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1. Find the derivative y' = dy/dx:
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