Answer:
Current liabilities $3.2 million
long-term liabilities =$16 million-$3.2 million-$3.2 million=$9.6 million
Explanation:
The amount classified as current liabilities as at 31st December 2018 is the portion of the loan repayable within a year,that the repayment due at 31st December 2019 which is $3.2 million.
The amount to be classified as long term liabilities is the balance of the loan after having taken out the payment in year 1 as well as the repayment to be made in year 2
Answer:
the minimum amount that required to create an emergency fund is $13,080
Explanation:
The computation of the minimum amount that required to create an emergency fund is as follows:
= Monthly expenses × minimum months
= $4,360 × 3 months
= $13,080
hence, the minimum amount that required to create an emergency fund is $13,080
The same is relevant and considered too
True, Because The 3 Types Of The Partnerships Are General Partnerships, Because They Are Unlimited Partnership Because Of The Liability Partnership.
Answer:
$971,919
Explanation:
Given:
For activity level = 7,000 units
Total variable cost = $590,730
Total fixed cost = $372,750
Now,
Variable cost per unit = 
or
Variable cost per unit = 
or
Variable cost per unit = $84.39
The fixed cost remains the same irrespective of the number of units produced
Therefore,
The total cost for activity level of 7,100 unit
= Total variable cost for 7,100 units + Total fixed cost
= Variable cost per unit × Number of units + Total fixed cost
= ( $84.39 × 7,100 ) + $372,750
= $599,169 + $372,750
= $971,919
