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andre [41]
3 years ago
5

On January 1, 2020, Sandhill Co., a calendar-year company, issued $2320000 of notes payable, of which $580000 is due on January

1 for each of the next four years. The proper balance sheet presentation on December 31, 2020, is:
Business
1 answer:
Bingel [31]3 years ago
7 0

Answer:

Current liabilities $2320000; Long-term Debt, $1740000

Explanation:

Calculation to determine what The proper balance sheet presentation on December 31, 2020, is:

Current Liabilities will be $2320000 of notes payable

Hence,

Current liabilities $2320000

Long -term Debt =$2320000-$580000

Long -term Debt=$1740000

Therefore The proper balance sheet presentation on December 31, 2020, is:

Current liabilities $2320000; Long-term Debt, $1740000

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Zorn Co. budgeted $600,000 of factory overhead cost for the coming year. Its plantwide allocation base, machine hours, is budget
Amanda [17]

Answer:

False.

Explanation:

Given: Total budgeted factory overhead cost = $600000.

           Plantwide allocation base=  100000 hours.

Now, finding plantwide factory overhead rate.

Formula; Plantwide factory overhead rate= \frac{total\ budgeted\ factory\ overhead\ costs }{plantwide\ allocation\ base.}

⇒ Plantwide factory overhead rate= \frac{600000}{100000} = \$ 6 per\ hours

Hence, Zorn´s plantwide factory overhead rate is $6 per hour not $3 per hour.

8 0
3 years ago
Nathan Long is entering into a partnership with Terri. Nathan is investing $2,000 in cash and equipment currently on Nathan’s bo
horsena [70]
The answer is

D. Debit Cash $2,000; debit Equipment $4,000; credit Nathan’s Capital $6,000
8 0
3 years ago
Suppose that an increase in consumer confidence raises consumers' expectations of future income and thus the amount they want to
Anni [7]
It will affect the investment and the interest rate when people consume more, investments will increase as they buy more products. An increase in consumer confidence would result to an increase in consumption of goods and commodities. The interest rate will higher as the demand for capital also rises and consumer spending rises due to the demand also arises.
5 0
3 years ago
How long after taxes accepted will i get my refund?.
erica [24]

Answer:

E-file and direct deposit 1-3 weeks

E-file and check. 1 month

Mail in return and direct deposit 3 weeks

Mail in return and check 2 months

Explanation:

i dont know if this is what your looking for but here it is.

3 0
2 years ago
Annual production and sales level of Product A1 is 9,280 units, and the annual production and sales level of Product B2 is 23,11
xxTIMURxx [149]

Answer:

Overhead per unit of Product B2 = $4.46

Explanation:

We know,

Allocation overhead to product line under A B C costing = Total overhead cost of specific product line/total number of products sold.

For each activity, the allocated overhead cost to product B2 = Total budgeted cost × [Product B2/(Product A1 + Product B2 of that activity)]

Activity 1 allocated to Product B2 line: $56,000 × 5,600/7,600 = $41,263

Activity 2 allocated to Product B2 line: $71,000 × 5,560/8,600 = $45,902

Activity 3 allocated to Product B2 line: $96,000 × 1,600/9,600 = $16,000

Total overhead allocated to Product B2 = $103,165

Overhead per unit of Product B2: $103,165/23,110 = $4.46

5 0
3 years ago
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