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nydimaria [60]
3 years ago
15

Which of the following items are normally classified as current liabilities for a company that has a one-year operating cycle? (

You may
select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and
double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be
automatically graded as incorrect.)
Portion of long-term note due in 10 months
Note payable maturing in 2 years.
Note payable due in 18 months.
Accounts payable due in 11 months.
FICA taxes payable.
Salaries payable.
Business
1 answer:
scoray [572]3 years ago
6 0

Answer:

  • Portion of long-term note due in 10 months
  • Accounts payable due in 11 months.
  • FICA taxes payable.
  • Salaries payable.

Explanation:

Current Liabilities are those that are to be paid within the operating cycle of a company which in this case is one year.

The current liabilities will therefore be any liabilities maturing or to be paid in a year. That includes the portion of a long term note due in 10 months, accounts payable due in 11 months and FICA taxes and Salaries payable as these should not pass a year to be paid either.

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Madsen Motors's bonds have 18 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon i
ivolga24 [154]

Answer:

$906.30

Explanation:

Face value (FV) = $1000

Coupon payment (C) = 7% of $1000 = $70

Yield to maturity (r) = 8% = 0.08

t = 18

Number of compounding periods (n) = 1 (annually)

Using the relation:

C[( 1 - (1 + r/n)^-nt) / (r/n)] + FV / (1 + r/n)^nt

70[(1 - (1 + 0.08)^-1*18) / (0.08/1)] + 1000 / (1 + 0.08/1)^1*18

70[1 - (1.08)^-18) / 0.08] + 1000 / 1.08^18

70[(1 - 0.2502490)/0.08] + (1000 / 3.99601949918)

70(9.3718871) + 250.24902

= $906.281117

= $906.30

6 0
3 years ago
Ben and Mildred's Stables used two different independent variables (trainer hours and number of? horses) in two different equati
liubo4ka [24]

Answer:

the estimated total cost for the coming year is $12,227.60

Explanation:

The computation of the estimated total cost is shown below:

y

= Constant coefficient + independent variable coefficient × number of horses

= $5,240.20 + $22.54 × 310 horses

= $5,240.20 + $6,987.40

= $12,227.60

This is the answer but not the same is to be given in the options

hence, the estimated total cost for the coming year is $12,227.60

7 0
3 years ago
Abel Corporation uses activity-based costing. The company makes two products: Product A and Product B. The annual production and
Snezhnost [94]

Answer:

depreciable amor 10.95 dollars per Activity 2 base cost object.

Explanation:

\frac{Activity\: Pool}{Activity \: base}= Activity\:Rate

totoal expected cst: 35,040

activity 2 expected cost dirver Total  3,200

Activity rate: $35,040 cost pool / 3,200 driver expected amount = $10.95

7 0
3 years ago
The DHSMV _________________________ is an enforcement sector that patrols state highways and ensures the safety of drivers and c
Nadusha1986 [10]
The DHSMV Division of the Florida Highway Patrol is an enforcement sector that patrols state highways and ensures the safety of drivers and citizens while on the road.
5 0
4 years ago
The administrative activities of controlling, directing, and coordinating police personnel, resources, and activities in the ser
frozen [14]

Answer:

The statement is describing the functions of police management.

Explanation:

Just like managing a firm, managing the police works in a similar way: police directors have to plan, control, direct, and coordinate all aspects related to the police operations, both on a daily basis, and on a long-term basis.

It is very important to have good police management because police is a service that is public and crucial for citizens. The wrong kind of police management can cause safety and public order problems that can be very disruptive for daily life.

3 0
3 years ago
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