at december 31 of the prior year, cain, inc. owed notes payable of $1,750,000, due on may 15, of the current year. cain expects to retire this debt with proceeds from the sale of 100,000 shares of its common stock. the stock was sold for $15 per share on march 10 of the current year, prior to the issuance of the year-end financial statements. in cain's prior year december 31 balance sheet, what amount of the notes payable should be excluded from current liabilities?
Answers
On December 31 of the prior year, Cain, Inc. owed notes payable of $1,750,000, due on May 15 of the current year. Cain expects to retire this debt with proceeds from the sale of 100,000 shares of its common stock.
The stock was sold for $15 per share on March 10 of the current year, prior to the issuance of the year-end financial statements. In Cain's prior year's December 31 balance sheet, the amount of the notes payable that should be excluded from current liabilities is $0.
Notes payable become a non-current liability when it is expected to be repaid more than a year after the balance sheet date. Cain expects to retire this debt on May 15 of the current year, which is less than a year from December 31 of the prior year (the balance sheet date).
Therefore, the full $1,750,000 should be classified as current liabilities on the December 31, prior year balance sheet. It should not be excluded. The shares of common stock sold on March 10 of the current year to retire this debt do not affect the classification of the notes payable on the prior year's balance sheet.
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Related Questions
What is stock turnover?
A. How long customers have own the products they've purchased
B. How quickly inventory sells
C. How much it costs to keep inventory
D. How the stock market affects inventory
Answers
Answer: How quickly inventory sells
Explanation: just took the test
Marietta opts into a Target app. When she enters a Target store, small Bluetooth devices scattered throughout the store send signals to her phone with personalized deals and information. This is an example of ______ technology.
a. tag.
b. RFID.
c. alien.
d. beacon.
Answers
Assuming small Bluetooth devices scattered throughout the store send signals to her phone. This is an example of d. beacon technology.
What is beacon technology?Beacon technology can be defined as a tiny or small wireless transmitter technology that help to send signals to devices.
One of the example of beacon is blutooth devices. Despite small in size they help to send signal to phone or user device and they as well makes use of low energy.
Inconclusion this is an example of d. beacon technology.
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How can the military support your career goals
Answers
Answer:
you can get money to further your education, also engage in stem activities.
Explanation:
a t-bill with face value $10,000 and 95 days to maturity is selling at a bank discount ask yield of 4.2%. required: a. what is the price of the bill?
Answers
Bank discount of 95 days = 0.042 × (95/360) = 0.011083
Price = $10,000 × (1 - 0.011083) = $9,889.17
What is a Bank discount bonds?
A Bank discount bond is a bond this is issued at a lower charge than its par fee or a bond that is buying and selling within the secondary marketplace at a charge that is below the par value. It is similar to a zero-coupon bond, handiest that the latter does no longer pay interest until adulthood.
What is the distinction among an investment fee and a bank discount charge?
A bank discount is an amount charged with the aid of a lender to a borrower for the use of assets. Bank discount is the hobby fee that the Federal Reserve Banks expenses to the depository institutions and to industrial banks on its in a single day loans.
Israel bargain bank, Ltd. is a retail bank, business financial institution, non-public bank and economic offerings corporation founded in Tel Aviv with 112 branches at some stage in Israel. Bank discount financial institution is a public company traded at the Tel Aviv inventory change under the symbol DSCT.
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What type of transactions should be recorded in the Payment, Fee, Withdrawal column
of your check register?
Answers
What is an example of SECONDARY market research
Answers
Answer:
News articles and Reports
Explanation:
its how they draw their data
Answer: Market research that's already compiled and organized for you. Examples of secondary information include reports and studies by government agencies, trade associations or other businesses within your industry.
Explanation: Secondary research uses outside information assembled by government agencies, industry and trade associations, labor unions, media sources, chambers of commerce, and so on. It's usually published in pamphlets, newsletters, trade publications, magazines, and newspapers. Secondary sources include the following: public and commercial sources
An organization with a(n) _____ structure might have several regional divisions that share authority and responsibility, but in general, it does not have its headquarters in a particular country.
Answers
An organization with a multinational structure might have several regional divisions that share authority and responsibility, but in general, it does not have its headquarters in a particular country.
In a multinational organizational structure, companies have a structure that is divided by region rather than a single hierarchy that spans the globe.
This allows for a greater level of independence and control over each regional market, while still maintaining a cohesive brand identity.
Multinational structures are becoming more popular as companies expand globally and enter new markets.
One of the most significant advantages of a multinational structure is that it allows for greater flexibility and responsiveness to local market conditions.
Regional divisions are better equipped to understand the nuances of each market they serve, and can more quickly adapt their strategies to meet changing customer needs.
However, there are also some disadvantages to this structure.
It can be more difficult to maintain consistent brand messaging across different regions, and it can be challenging to coordinate activities and communication across multiple locations.
Overall, the multinational structure is best suited to organizations that operate in several different markets and need to be responsive to local conditions.
It allows for greater autonomy and control at the regional level while still maintaining a centralized global brand identity.
Hence, an organization with a multinational structure might have several regional divisions that share authority and responsibility, but in general, it does not have its headquarters in a particular country.
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You estimate your annual revenue to be 50,000 + 20,000y, where y is the number of years in business. What is your estimated revenue in 5 years?
Answers
Answer:
D.) 150,000
Explanation:
Multiply 20,000 by 5 =100,00 then add 50,000
you decide to start your own business as a professional corporation. you purchase an office building for $350,000 even though your real estate agent said it was worth $500,000 in the current market. the corporation recorded the building at $350,000 because of which of the following concepts?
Answers
The corporation recorded the building at $350,000 because of the concept of Historical Cost. This decision aligns with the concept of Historical Cost in accounting, which emphasizes recording assets at their original acquisition cost rather than their market value.
The concept of Historical Cost is an accounting principle that states that assets should be recorded on a company's financial statements at their original cost when acquired, rather than their fair market value or potential future value. In this case, the corporation purchased the office building for $350,000, which is the historical cost of the asset.
The decision to record the building at its historical cost rather than the market value of $500,000 is based on the principle of conservatism in accounting. Conservatism suggests that it is better to err on the side of caution and record assets at a lower value to avoid overvaluing the company's assets.
The corporation recorded the office building at $350,000, which represents the historical cost of the asset. This decision aligns with the concept of Historical Cost in accounting, which emphasizes recording assets at their original acquisition cost rather than their market value.
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Frank borrowed $25,000 for a period of 4 years. His interest rate is 3%. How much interest will Frank pay in all?
Answers
Frank will pay the total amount of $28,000 with an interest of $3000.
What is the simple interest?Simple interest is defined as interest paid on the original principal and calculated with the following formula:
S.I. = P × R × T, where P = Principal, R = Rate of Interest in % per annum, and T = Time, usually calculated as the number of years. The rate of interest is in percentage r% and is to be written as r/100.
We have been given data as:
Principal (P) = $25,000
Rate of Interest (R) = 3%
Time (T) = 4 years
⇒ Simple interest = P × R × T
Substitute the value of P, R, and T in the above formula,
⇒ Simple interest = 25,000 × 3% × 4
⇒ Simple interest = 25,000 × 3/100 × 4
⇒ Simple interest = 25,000 × 0.03 × 4
Apply the multiplication operation, and we get
⇒ Simple interest = $3000
Total payback amount = $25,000 + $3000 = $28,000
Therefore, he will pay the total amount of $28,000 with an interest of $3000.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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What does productivity measure for a business?
A. Its efficiency in creating its product
B. Its ability to generate capital investment
C. Its variety of products on the market
O D. Its share of a market compared to competitors
Answers
Answer:
A. Its efficiency in creating its product
Explanation:
Productivity describes various measures of the efficiency of production. Often, a productivity measure is expressed as the ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time
Productivity measure for a business: its efficiency in creating its product. Thus, option A is the correct option.
What is Productivity?The effectiveness with which products and services are produced can be referred to as production process productivity. The most common method for determining productivity is to compare an aggregate output with a single input or an aggregate input with an aggregate output over time. Productivity refers to how quickly someone completes a task.
It may be described as the pace at which a business or nation creates products and services (output), often assessed in relation to the quantities of inputs (labor, capital, energy, or other resources) utilized to generate those goods and services. One of the main drivers of economic expansion and competitiveness is productivity.
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How far do most developers push their databases in normalization?
O to the first normal form
O to the second normal form
O to the third normal form
O to the fourth normal form
Answers
Answer:
c
Explanation:
for a consumer goods company seeking to reduce the distance to u.s. population from a single location using a center-of-gravity approach, which city would offer the best choice for this facility?
Answers
Cincinnati, Ohio would be the greatest location for this plant for a consumer goods corporation looking to reduce the distance to the US population from a single location employing a center-of-gravity technique.
The center-of-gravity method
The Center-of-Gravity Approach is a supply chain planning technique for placing distribution centres about where the minimal transportation costs between the factories, the distribution centres, and the markets are to be found. It is a method of mathematical optimization that reduces the overall cost of meeting a given collection of demand points.
The Center-of-Gravity Approach's fundamental tenet is that a distribution centre should be situated as close as feasible to the demand points it serves while still staying within the parameters of reasonable transportation costs.
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Why do we pay taxes and what happens if we do not pay them?
Answers
Answer:
Most people pay income tax in the form of withholdings throughout the year. But if no one offers their own income tax, it means a significant increase in tax evasion, and much less money for the federal government, which already has a large deficit
Explanation:
HELPPP How would entrepreneur apply comfort with risk when developing a product or service ?
Answers
Answer:
Testing and responses help
Explanation:
ask for feedback from testers
At the close of a business presentation,
A. The audience tends to reach it's lowest point.
B. You should clearly indicate that you're about to finish.
C. You should avoid making it obvious that you're about to finish.
D. Audiences resent being reminded of the presentations main ideas
Answers
Answer:
B. You should clearly indicate that you're about to finish.
Explanation:
Business presentation is the method whereby a person with a business idea present to a group of people his plans and ideas he or she has in a given business setup. Most times, the aim was to solicit for fund to bring the business into fruitfulness or the fund for expansion etc.
At the close of an giving business presentation, the presenter should indicate that he or she is about to finish by stating the main point of the presentation in summary.
do females like when being proposed? or which way? to make it official.
Answers
Answer:
yes few like few not .
sometimes it's even worst
A reduction in the interest rate would be likely to lead to which 2 of the following?
A. growth in the size of the economy
B. a fall in the rate of inflation.
C. a fall in the rate of unemployment
D. a rise in the value of the pound
please give me two letters
Answers
Answer:
A
Explanation:
What did the British East India Company import?
Answers
Black pepper is imported by the British East India Company. In the first century of business, the British East India Company increased its economic clout in the Far East.
On the beginning, there was a learning curve: after the first 16-month round voyage from the Spice Islands (modern Indonesia), the company imported so much black pepper that the surplus in the market pushed prices lower. English and then British joint-stock corporation The East India Company (EIC) was established in 1600 and shut down in 1874. It was created to facilitate trade in the Indian Ocean region, first with the East Indies (the Indian subcontinent and Southeast Asia), then with East Asia.
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which piano is the best for beginners? List 5 best pianoes.
Answers
Answer:
1:Yamaha YPT-269
2:Casio PX-770
3:Korg EK-50
4:Roland
5:Go:keys
Answer:
1. Yamaha P-45
2. Yamaha YDP-S34
3. Casio PX-770
4. Korg B1SP
5. Roland RP102
Explanation:
The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
Answers
Answer:
Explanation: B) Family dynamics will play a part in business relationships.
**20 POINTS
What is one major drawback of globalization?
a) inflation rates have declined significantly because of increased global trade
b) businesses have access to fewer markets when selling their products
c) environmental regulations have gotten in the way of economic growth
d) increased competition can harm businesses in developing countries
Answers
Answer:
d) increased competition can harm businesses in developing countries
Explanation:
Globalization has increased interconnection and interdependence among world economies. International trade has increased due to the relaxation of border restrictions. Due to globalization, many countries, including the developing ones, have liberalized their economies.
For a developing economy, international trade can cause unfair competition to their young industries. Countries with developed economies can produced goods and services in large quantities and with more efficiency. When such goods get to the developing countries, they will be of a higher quality and a lower price. Producers in developing countries will not be able to compete with such imports, which impedes their growth.
Based on the following information, calculate net income for Dana's Dress Shop using the traditional format. Sales $360,000 Gross Margin $140,000 Contribution Margin $110,000 Total Selling & Administrative Exp. $60,000
Answers
Answer:
$80,000
Explanation:
Calculation for the net income for Dana's Dress Shop using the traditional format
NET INCOME USING TRADITIONAL FORMAT
Using this formula
NET INCOME=Gross Margin -Total Selling & Administrative Expenses
Where,
Gross Margin =$140,000
Total Selling & Administrative Expenses=$60,000
Let plug in the formula
NET INCOME=$140,000-$60,000
NET INCOME=$80,000
Therefore the NET INCOME will be $80,000.
Answer: 80k
Explanation: Bc quizlet said so :)
Net income is the money the business makes as
profit or loss. Which of the following is true
about net income?
A. It is a key performance indicator.
B. It shows key financing opportunities.
C. It is an assessment of key assets.
Answers
The true statement about net income is this: A. It is a key performance indicator.
What is true about net income?The true statement about net income is that it reveals the performance level of the organization. According to its main feature, the company can determine the profit or loss it makes in a given financial period. When we refer to net income, we are talking about the sum of the income generated by an organization.
Net income is a performance indicator that shows whether or not some progress is being made. So, option A is true about the net income.
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Why is transportation infrastructure mostly provided by the state and federal governments rather than the private sector in the United States?
A
It is vital to the nation's economic growth and must be controlled by the public sector.
B
It is not in demand and therefore offers no financial incentives for private firms to produce it.
C
It is too expensive for private firms to produce and therefore must be funded by the government.
D
It is needed by all people and may not be affordable if produced by the private sector.
Quickly...............................................................
Answers
Answer:
The correct answer is the option D: It is needed by all people and may not be affordable ir produced by the private sector.
Explanation:
To begin with, when it comes to terms of public goods it is necessary to understand that the private sector can not given them due to the fact that it will not be profitable for them or in the other case if it were then the majority of the population will not be able to achieve them, so therefore that when it comes to transport infrastructure the government pays for them because there is not private company that will be pleased to provide that service and moreover, it is something needed by all people so that means that can not be excludable because of the high need of use in order to increase the economy of the nation.
under the periodic inventory system, village fabrics purchases navy plaid fabric used in its fabric-selling business in the following lots: june 5 - 4 yards at $2.50 per yard, june 12 - 7 yards at $3.00 per yard, june 17 - 8 yards at $3.50 per yard. what is the periodic average cost of the fabric per yard?
Answers
The periodic average cost of the fabric per yard under the periodic inventory system is $3.11 per yard.
What is a system of periodic inventories?
The physical inventory count of goods is routinely scheduled under the periodic inventory system. Maintenance on physical inventories can be costly because it takes a lot of time and effort. As a result, many companies only occasionally conduct physical inventory counts. Periodic inventory systems are frequently used in place of perpetual inventory systems.
Every transaction in a periodic system is noted in the company's buy account, which keeps track of inventory by deducting the cost of goods sold (COGS). However, it does not account for returned items, damaged, lost, or destroyed items.
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I can't take pictures of my work?need help.
Answers
Answer:
What are you using to take pictures of your work?
Explanation:
If you are using your phone, you can take a regular picture of your work and then email it to your computer.Then download it to your files and upload it where needed.
If you are using computer, go to camera app and take picture. then download it to your files and upload it where you need to
determine the number of $7$-digit positive integers that have the property that their digits are in non-decreasing order, from left to right.
Answers
There are 84 different 7-digit positive integers with digits in non-decreasing order from left to right.
Let's dive deeper into the details below.
To determine the number of 7-digit positive integers with non-decreasing digits from left to right, we can use a technique called stars and bars.
Consider each digit as a 'star' and six 'bars' that separate the digits. For example, the number 1123456 can be represented as * | * | ** | * | * | * | * (1 | 1 | 23 | 4 | 5 | 6). We want to distribute these stars (digits) in 10 containers (0 to 9) without changing their order.
There are 9 bars (10 - 1) that separate these 10 containers. We need to select 6 bars (7 - 1) from these 9 bars to create our 7-digit number. We can use the combination formula for this, which is:
C(n, r) = n! / [r! * (n - r)!]
In our case, n = 9 and r = 6, so:
C(9, 6) = 9! / (6! * (9 - 6)!) = 84
So, there are 84 different 7-digit positive integers with digits in non-decreasing order from left to right.
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If there is always a three-for-one tradeoff between goods X and Y, then the PPF between X and Y is:_______
a. a downward-sloping curve that is bowed outward.
b. a downward-sloping curve that is bowed inward.
c. a downward-sloping straight line.
d. an upward-sloping straight line.
Answers
Answer:
c. a downward-sloping straight line.
Explanation:
In case when there is a three for one tradeoff lies between the X goods and Y goods so the curve of PPF should be fall sloping contains straight line. This slope should be downward as it generated more and more of one goods and it could be sacrificed for the other good and the reason of the straight line is that here the opportunity cost would remain the same or constant
Therefore in the given case, the correct option is C.
A straight line, downward - sloping demand curve often mean that, as price falls, there is an elasticity of demand. If there is always a three-for-one tradeoff between goods X and Y, then the PPF between X and Y is a Downward-sloping straight line.
Trade-off is simply known as a situational decision. It is simply the reduction of one quality, quantity, or property so as to get gains in other areas.It is simply known as where one thing increases, another have to decrease. it often arise from limitations of a lot of source.
It is often called a tactical or strategic choice made with full knowledge of the advantages and disadvantages of each decision.
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