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andreyandreev [35.5K]
3 years ago
11

Examples of current liabilities are all of the following except

Business
1 answer:
Sladkaya [172]3 years ago
6 0

Answer:

d. accounts receivable.

Explanation:

We know that

The current assets = Cash and cash equivalents + Short-term investments + Notes receivable + Inventories + Prepaid expenses and other related current assets

And, current liabilities comprise of

= Short-term note payable + Accounts payable + current portion of long-term debt

The duration of the current asset and the current liabilities within one year.

Therefore, the account receivable is not an example of current liabilities.

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Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000. The machine's useful life is
VikaD [51]

Answer:

The straight line depreciation for the first year is $24000

Explanation:

The straight line method of depreciation charges/allocates a constant amount of depreciation through out the useful life of the asset. The straight line depreciation expense for the year is calculated as follows,

Straight line depreciation = (Cost - Salvage Value) / Estimated useful life

Straight line depreciation = (135000 - 15000) / 5  = $24000 per year

Thus, the amount of depreciation for first year under straight line method is $24000

7 0
3 years ago
Fairway's april sales forecast projects that 7,400 units will sell at a price of $11.90 per unit. the desired ending inventory i
Marianna [84]
Purchases = Sales units + Closing inventory - Beginning Inventory
                  = 7,400 + (2,400 * 120%) - 2,400
                  = 7,800 units
6 0
3 years ago
​Sustainable businesses tend to be run by CEOs who are:
Marianna [84]
The answer is Target-driven<span>
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8 0
3 years ago
The Alpha Division of the Carlson Company manufactures product X at a variable cost of $40 per unit. Alpha Division's fixed cost
zheka24 [161]

Answer:

$70 per unit.

Explanation:

Based on the information given we were been told that the market price of X costs the amount of $70 per unit which simply means that market price exists, based on this the transfer price of X in a situation were each division is been treated as a profit making center will be the market price of $70 per unit.

8 0
3 years ago
Which term refers to the fluctuations of growth and decline in an economy?
slava [35]
The fluctuation of growth and decline in an economy is called BUSINESS CYCLE OR ECONOMY CYCLE.
The fluctuations in business cycle usually involves shift between period of relatively rapid economic growth and period of relative stagnation or decline. Business cycle is measured by considering the growth rate of real gross domestic product of the nation concerned.
5 0
3 years ago
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