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icang [17]
3 years ago
6

The adjusted trial balance for Waterway Industries at the end of the current year, 2021, contained the following accounts. 5-yea

r Bonds Payable 9% $3000000 Interest Payable 48000 Premium on Bonds Payable 98000 Notes Payable (3 months.) 38000 Notes Payable (5 yr.) 166000 Mortgage Payable ($13000 due currently) 200000 Salaries and wages Payable 16000 Income Taxes Payable (due 3/15 of 2022) 23000 The total long-term liabilities reported on the balance sheet are $_______.
Business
1 answer:
ira [324]3 years ago
5 0

Answer:

The total long-term liabilities reported on the balance sheet are $3,451,000.

Explanation:

<u>Details                                                        Amount ($)</u>

Bonds Payable 9%                                     3,000,000

Premium on Bonds Payable                           98,000

Notes Payable (5 yr.)                                     166,000

Mortgage Payable (200,000 - 13,000)      <u>   187,000 </u>

The total long-term liabilities                  <u> 3,451,000 </u>

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<h3>Hello there!</h3>

Your question asks what comes after the period of recession in the business cycle.

<h3>Answer: D). Recovery</h3>

The reason why answer choice "D). Recovery" is correct because this comes after the period of recession in the business cycle.

Recession is like a "slow down" in the activity of a business. Which means that they aren't receiving any income, GDP, investments, and etc. This would cause a business to decrease while a lot of expenses that the business is getting are increasing. By expensive, I mean the cost to keep the business running and things of that sort.

Businesses go through a time of recession; therefore, they need to "recover" from that. And that's why recovery is the next stage. A business must recover from the "recession" period if they want to keep the business up and running. If the business doesn't recover, then the business will fail.

Once the business can recover from the recession period, then the business can succeed in their plans and execute them, while seeing the profits that they expected to make.

<h3>I hope this helps!</h3><h3>Best regards, MasterInvestor</h3>
7 0
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Kilbuck manufacturing operates in a lean manufacturing environment. kilbuck's actual conversion costs for the month of may follo
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3 0
3 years ago
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lys-0071 [83]

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Explanation:

Calculation to determine the equivalent units for direct materials and conversion​ costs, respectively, for​ March

DIRECT MATERIALS CONVERSION COSTS L

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Add Work in process, ending

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Answer:

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Explanation:

3 0
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