1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MAVERICK [17]
2 years ago
10

The following financial information is from Bronco Company. All debt is due within one year unless stated otherwise. Retained Ea

rnings $ 64,200 Supplies 39,000 Equipment 73,000 Accounts Receivable 9,400 Deferred Revenue 4,300 Accounts Payable 13,700 Common Stock 24,000 Notes Payable (due in 18 months) 33,000 Interest Payable 5,600 Cash 23,400 What is the amount of current liabilities
Business
1 answer:
Evgen [1.6K]2 years ago
8 0

The amount of current liabilities is $23,600

Current liabilities refers to liabilities of a company that have to be settled in cash within the fiscal year.

The current liabilities here are Deferred revenue, Accounts payable and Interest payable. Note that notes payable are due in more than 12 months, so, these are not a current liability.

Amount of Current Liabilities = Deferred revenue + Accounts payable + Interest payable

Amount of Current Liabilities = $4,300 + $13,700 + $5,600

Amount of Current Liabilities = $23,600

<em>See related question here</em>

<em>brainly.com/question/15723359</em>

You might be interested in
What is the total cost for an item that costs $140.00 and has a sales tax rate of 7.5%?
riadik2000 [5.3K]
<span>$140.00 x 0.075 = $10.50

Hope this helps!

</span>
5 0
3 years ago
How would you describe Ghosn’s style of leadership?
boyakko [2]

Answer:

The leader for this situation doesn't have faith in close control of his group (ELS, 2010). Regardless of whether he is accountable for huge organizations that rely upon significant choices, Ghosn wants to permit his subordinates to set up their own timetables.

Explanation:

hope this helps, sry if it doesnt

6 0
2 years ago
Firestone Tires recently paid an annual dividend of $2.00 on its common stock. This dividend increases at an average rate of 3.8
Darina [25.2K]

Answer:

Market rate of return = 12.45%

Explanation:

Below is the calculation of market rate of return.

D = Just pad dividend x (1 + growth rate)

D = 2 x (1 + 0.038)

D = 2.076

Now use the below formula to find the market rate of return.

Market rate of return = (D/current selling price) + Growth rate

Market rate of return = (2.076 / 24) + 0.038

Market rate of return = 12.45%

4 0
3 years ago
Perfect Printers is able to obtain 30 days credit terms to purchase a heavy duty printing machine for $200,000. How will this pu
12345 [234]

Answer:

How will this purchase impact the accounting equation of Perfect Printers at the time of the purchase?

An increase in the assets by $200,000 and a similar increase in liability by $200,000

Explanation:

The accounting equation is the foundation for the double enter system of account balancing. In this system, the amount of debits are entered on one side as the corresponding credit is entered on the other side. Then the total credits are added and compared to the sum of the debit. When the credit equals the debit, the accounts balance. The accounting equation can be expressed as;

A=L+E

where;

A=assets

L=liabilities

E=owner's equity

Lets enter the transaction as shown;

Account type                                   Asset                                Liability

Printing machine                          $200,000

Cash                                                                                       $200,000

Total                                              $200,000                        $200,000

An increase in the assets by $200,000 and a similar increase in liability by $200,000

8 0
3 years ago
The current market interest rate for $1,000, 10-year bonds of large corporations in the food industry is 6.3 percent. If a large
Alinara [238K]

Answer:

Convertible bonds

Explanation:

One advantege of convertible bonds for the issuer is that bondholders are willing to accept a loxer interest rate because they have an option of converting their bonds to common stock.  

If a company wants to issue bonds at an interest rate that is lower than the current market interest rate, they should offer convertible bonds.

6 0
3 years ago
Other questions:
  • What is a lessee? <br> what is a renter
    12·1 answer
  • The numbers on the bottom of a typical check represent all of the following EXCEPT? A Social Security Number B Routing Number C
    15·2 answers
  • Assume there is an increase in Government spending of $10 and the aggregate MPC is 0.8. Of the $8 of income that is received in
    10·1 answer
  • The demand for labor depends primarily on the additional output produced as a result of hiring an additional worker and A. the a
    7·1 answer
  • A company revealed the following figures: Sales revenue $2,240,000 Contribution margin $560,000 Net operating income $410,000 Ho
    15·1 answer
  • Wich type of promotion happens in informal conversations?
    10·1 answer
  • A(n) ____________________________ exists to promote the sales of a particular manufacturer’s products.
    14·2 answers
  • Business economics Que
    5·1 answer
  • Easels, brushes, and canvases are ______ used by artists.
    7·2 answers
  • harley purchased a set of pens. including the 3% sales tax, harley payed $12.40. how much was the set of pens before tax?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!