Answer:
A. current liabilities
Explanation:
notes payable are for a period of 90 days which falls under the definition of current liabilities and not for any other given option. current liabilities are those liabilities which are maximum up to 12 months of period. so we should answer A. current liabilities
Answer:
$125,500
Explanation:
The initial cost of coal mine=$1,004,000
Estimated useful life=56,000 tons of coal
tons of coal extracted in the first year=7,000 tons
depletion expense=(cost of coal mine-residual value)*tons of coal extracted in the first year/estimated useful life
residual value =$0
depletion expense=($1,004,000-$0)*7000/56000
depletion expense=$1,004,000*7000/56000
depletion expense for first year=$125,500
When you are driving within 200-300ft of a vehicle you are following
Answer:
$3,533.37
Explanation:
In this question, we use the Future value formula which is shown below:
Future value = Present value × (1 + rate)^number of years
where,
Present value = $2,900
Rate = 5.00% ÷ 2 = 2.5%
Number of years = 4 year × 2 = 8 years
So, the future value
= $2,900 × (1 + 2.5%)^8
= $2,900 × 1.2184028975
= $3,533.37
Hence, the future value is $3,533.37 or the money that is to be expected at the end of this period
