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aleksley [76]
3 years ago
9

Branch Company, a building materials supplier, has $18,800,000 of notes payable due April 12, 2022. At December 31, 2021, Branch

signed an agreement with First Bank to borrow up to $18,800,000 to refinance the notes on a long-term basis. The agreement specified that borrowings would not exceed 80% of the value of the collateral that Branch provided. At the date of issue of the December 31, 2021, financial statements, the value of Branch's collateral was $19,400,000. On its December 31, 2021, balance sheet, Branch should classify the notes as follows:
a. $18,400,000 of long-term liabilities.
b. $18,400,000 of current liabilities.
c. $3,680,000 long-term and $14,720,000 current liabilities.
d. $15,680,000 long-term and $2,720,000 current liabilities.
Business
1 answer:
Afina-wow [57]3 years ago
5 0

Answer:

the current liabilities and the long term liabilities is $3,280,000 and $15,520,000 respectively

Explanation:

The computation is shown below:

The long term liabilities is

= $19,400,000 × 0.80%

= $15,520,000

And, the current liabilities is

= $18,800,000 - $15,520,000

= $3,280,000

Therefore the current liabilities and the long term liabilities is $3,280,000 and $15,520,000 respectively

This is the answer but the same would not be provided

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For each of the scenarios below, determine whether the employer is likely to be discriminating against a person because of age:
barxatty [35]

Answer and Explanation:

In the U.S., the Equal Employment Opportunity Commission (EEOC) is the authority protecting individuals from discrimination at work in any kind because of <em>race, gender, age, religion, ethnicity, nationality, language, sexual orientation, impairment</em> differences or any other type of unfair treatment not related to work itself.

Age discrimination could take place when certain groups of individuals are valued more than others because of their youth or because their white hair represents experience. In any situation, unequal opportunities are given which must be sanctioned. Thus:

A) A young lawyer who just finished work on a multimillion-dollar development deal downtown is hired by an economic development firm in lieu of an older lawyer who works on litigation.  

<em>This example does not represent discrimination because the election is based on performance rather than age. </em>

B) A large retail outlet hires a 30-year-old woman to greet customers instead of an 80-year-old woman who has been greeting customers in other stores for a decade.  

<em>This example reflects discrimination because a younger woman is hired mainly based on her age rather than her expertise. </em>

C) The owner of a local, hip smoothie bar in a university town just fired a graduate student who had worked at the bar for three years and instead hired a college sophomore.

<em>This example represents discrimination since a younger student is hired to replace another student who was in the last year of university.</em>

3 0
3 years ago
Vertical cooperative advertising is usually legal, except when: unquantifiable emotional appeals are involved. a representation,
mixas84 [53]

Vertical cooperative advertising is usually legal, except when bogus advertising allowances are given in the form of hidden price concessions.

3 0
3 years ago
In Lean/JIT systems the burden of ensuring quality of production inputs from vendors shifts from the _____________ to the ______
irina [24]

Answer:

Buyer/seller

Explanation:

In the case of lean system it focused on the customer side while on the other hand the JIT i.e. Just in time focused on the manufacturing process i.e. efficiency

So in the case of lean or JIT system the burden for ensuring the production quality from vendor shifts is from the buyer to the seller

Therefore the above represents the answer

6 0
3 years ago
A process with no beginning work in process, completed and transferred out 85500 units during a period and had 49400 units in th
AlekseyPX

Answer:

C. 95380 equivalent units

Explanation:

Equivalent units is the term used for proportionately equally completed units. This is basically used for allocation of overheads.

Here, actually completed that is 100% complete units = 85,500 units

Further units under work in process = 49,400

Which are 20% complete.

This means that incomplete 49,400 units = 49,400 \times 20% = 9,880 units 100% complete

Thus, total equivalent units = 85,500 + 9,880 = 95,380 units.

8 0
4 years ago
Alicia heard that as a general rule, she should spend no more than one week's pay on rent. If Alicia's pay is $35,256 per year,
Nastasia [14]
If Alicia pay per year is $35,256 and there are twelve months in a year, then her monthly salary is $35,256/12 = 2,938.
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8 0
3 years ago
Read 2 more answers
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