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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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An investment fund had a balance on January 1 of $273,000 and a balance on December 31 of $372,000. The amount of interest earne
Rudiy27

Answer:

The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.

Explanation:

8 0
3 years ago
Within the food service industry​ (restaurants that serve meals to​ customers, but not just fast​ food), find examples of firms
NikAS [45]

Answer:

Answer for the question:

Within the food service industry​ (restaurants that serve meals to​ customers, but not just fast​ food), find examples of firms that have sustained competitive advantage by competing on the basis of​ (1) cost​ leadership, (2)​ response, and​ (3) differentiation. Cite one example in each​ category; provide a sentence or two in support of each choice. ​(​Hint: A ​"99cents ​menu" is very easily copied and is not a good source of sustained​ advantage.)

is given in the attachment.

Explanation:

7 0
3 years ago
Gay and Joy developed a neat Bento box for children. The shape of the containers encourages healthy eating, and it is very popul
Xelga [282]

If Gay and Joy developed a neat Bento box for children. The shape of the containers encourages healthy eating, and it is very popular. How many units will Gay and Joy need to sell to breakeven is: 70,000 units.

First step is to determine the selling price

Selling price = $1,000,000 / 100,000 units

Selling price = $10

Second step is to determine the Variable cost per unit  

Variable cost per unit =$700,000 / 100,000 units

Variable cost per unit = $7

Third step is to calculate the Contribution margin per unit using this formula

Contribution margin per unit = Selling price - Variable cost

Let plug in the formula

Contribution margin per unit = $10 - $7

Contribution margin per unit = $3

Fourth step how many units will Gay and Joy need to sell to breakeven

Using this formula

Break even= Fixed cost / Contribution per unit

Break even = $ 210,000 / $3

Break even  =70,000 units

Inconclusion if Gay and Joy developed a neat Bento box for children. The shape of the containers encourages healthy eating, and it is very popular. How many units will Gay and Joy need to sell to breakeven is: 70,000 units.

Learn more here:

brainly.com/question/16674064

8 0
3 years ago
Joni Metlock Inc. has the following amounts reported in its general ledger at the end of the current year.
stepladder [879]

Answer:

$88,000

Explanation:

Computation of the total amount to be reported as intangible assets on its balance sheet

Using this formula

Total amount to be reported as intangible assets = Trademarks + Excess of cost over fair value of net assets of acquired subsidiary

Let plug in the formula

Total amount to be reported as intangible assets = $12,700 + $75,300

Total amount to be reported as intangible assets = $88,000

Therefore the total amount to be reported as intangible assets on its balance sheet bat year end will be $88,000

6 0
3 years ago
Hours of labor or number of workers are commons ways of measuring a comapany's?
Andrej [43]
Productivity, hope this helps:)
7 0
3 years ago
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