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
Reika [66]
2 years ago
13

Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,733, accou

nts payable of $95,119, common stock of $400,875, retained earnings of $500,644, inventory of $206,573, other assets equal to $76,981, net plant and equipment of $707,919, short-term notes payable of $30,000, and accounts receivable of $142,431.
Business
1 answer:
Furkat [3]2 years ago
6 0

Answer:

$131,999

Explanation:

i. Total Assets = Cash + Inventory + Accounts receivable + Other Assets + Net plant and Equipment

Total Assets = $24,733 + $206,573 + $142,431 + $76,981 + $707,919

Total Assets = $1,158,637

ii. Current liabilities = Accounts payable + Short term debt

Current liabilities = $95,119 + $30,000

Current liabilities = $125,119

iii. Common stock = $400,875

iv. Retained Earnings = $500,644

Long term debt = Total Assets - [Common stock + Retained earnings + Current liabilities]

Long term debt = $1,158,637 - [$400,875 + $500,644 + $125,119]

Long term debt = $1,158,637 - $1,026,638

Long term debt = $131,999

You might be interested in
<img src="https://tex.z-dn.net/?f=%20%5Cfrac%7B4%7D%7B%20-%209%20%7D%20" id="TexFormula1" title=" \frac{4}{ - 9 } " alt=" \frac{
vlada-n [284]
-.444 anything divided by nine is the numerator repeating, just add a - sign
8 0
3 years ago
Which of the following statements is true? a) You will always pay less interest with a 15-year mortgage than with a 30-year mort
horrorfan [7]
<span>b) With an adjustable rate mortgage, the interest rate always increases after the first five years 

</span>
4 0
3 years ago
This information relates to Marigold Real Estate Agency for the month of October, 2022. Oct. 1 Stockholders invested $41,000 in
gregori [183]

Answer:

Explanation:

Journal entries:

Oct 1

Dr Cash 41,000

Cr Common stock 41,000

Oct 2

No entry

Oct 3

Dr Equipment 4,400

Cr Accounts payable 4,400

Oct 6

Dr Accounts receivable 13,000

Cr Sales 13,000

Oct 10

Dr Cash 170

Cr Service revenue 170

Oct 27

Dr Accounts Payable 880

Cr Cash 880

Oct 30

Dr Salaries expense 2,500

Cr Cash 2,500

4 0
2 years ago
Read 2 more answers
Gantt charts are effective for project scheduling if:
pochemuha

Answer: c. The project contains simple activity sequences

Explanation:

Gantt chart is a firm of bar chart that depicts a project schedule as it helps in the scheduling of a particular project.

Gantt chart is a graphical tool that helps in showing the activities that are performed against time to the project team or project manager. Gantt charts are effective for project scheduling if such project contains simple activity sequences.

4 0
2 years ago
A __________ is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a co
Fittoniya [83]

A Strategy is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage..

<h3>What is Strategy? </h3>
  • A strategy is a broad plan to accomplish one or more long-term or overall goals in the face of uncertainty.
  • The phrase was first used in the 6th century C.E. in terms of the "art of the general," which covered a number of subsets of talents such as military tactics, siegecraft, logistics, etc. It was only in the 18th century that the term was translated into Western vernacular languages.
  • The term "strategy" was then used to refer to "a comprehensive manner to try to attain political aims, including the threat or actual use of force, in a dialectic of wills" in a military war, in which both opponents engage.

To learn more about Strategy with the given link

brainly.com/question/15860574

#SPJ4

7 0
1 year ago
Other questions:
  • The typical starting point of any firm's marketing mix is the:____________
    13·1 answer
  • All financial intermediaries are authorized depository institutions by APRA to carry out financial intermediation
    10·1 answer
  • Government officials and concerned citizens would be classified as _____ project stakeholders.
    9·1 answer
  • XYZ Company received $18,000 on April 1, 2020 for one year's rent in advance and recorded the transaction with a credit to a nom
    13·1 answer
  • Question 2-4, please?
    9·1 answer
  • Which of the following is not an assumption associated with the definition of a production function?
    6·1 answer
  • What do behaviorist and cognitivist theories have in common?
    15·1 answer
  • Which of the following is a tertiary ratio that drives profitability?
    8·1 answer
  • Now you have to get to work. Your first thought is to have seven members on the team, but management research indicates that sev
    15·1 answer
  • isabella is writing her resume she doesnot have much work experience she think she should leave an empty section resume is this
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!