Here the maximum level of notes payable allowable will be $100000.
Long-term obligations known as notes payable represent the sums that a firm owes its financiers, including banks and other financial institutions as well as alternative funding sources like friends and family. They are considered long-term since they are due after a year, albeit often within five years.
Calculation of Notes payable is done as follows:
Current Ratio=
Now let current liabilities be 'z'
Therefore:
1.25=250000/z
Thus z=200000
Current liabilities=$200000
Here Current liabilities=Account Payable + Notes payable +
200000=100000+Notes Payable
Notes Payable=200000-100000
=$100000
Therefore the maximum level of notes payable allowable is $100000.
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A is the answer i am very good at loans and the answer is A
As of the year 2013, the amount of deferred tax liability that Colgate was known to have was USD 83 million.
<h3>What is meant by deferred tax liability?</h3>
On the balance sheet of an organization, the deferred tax sheet shows us the taxes that are owed by the owed that are not due for payment until a date in the future.
Colgate was said to have had a deferred liability that was 83 million dollars at that time.
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Answer:
Because the two firms are just affiliates.
Explanation:
Looking at the narration in this scenario , there exist an affiliated relationship between the two parties.
Affiliation in business is defined as a form of relationship that exist between two or more companies where a parent company attains control in the others by acquiring less than 50% of their shares
Based on this ,it will not be prohibited for the IAR to use securities owned in the advisory account to obtain a loan for his client as they are just affiliated to the parent company and
The correct answer is C. The total value of both investment after a given time will stay the same. Investments involves putting up money or assets into use with an aim of generating and creating more income. Therefore in this case if one income is generating income while the other is generating losses, then the overall investment from the two investment remains the same.