Answer:
$180,000
Explanation:
Relevant Data provided to compute the total current liabilities is here below:-
Accounts payable = $130,000
Salaries and wages payable = $50,000
The computation of total dollar amount of liabilities is shown below:-
Total current liabilities = Accounts payable + Salaries and wages payable
= $130,000 + $50,000
= $180,000
Therefore for computing the total current liabilities we simply added the accounts payable and salaries and wages payable.
Answer:
D.- 90,000 incremental sales revenues is closest to 70,000
Explanation:
the revenue for his new machine is 150,000 However, the revenues on his overnight film processing will decrease by 60%
Overnight film processing decreases:
100,000 x 60% = 60000 decrease in revenue
Net Effect: 150,000 - 60,00 = 90,000
Sales will increase by 90,000 Is important to notice we are asked for which is closest. Not the exact answer. We can conclude from the options that 70,000 is the closest option.
Answer:
a. What is the amount and character of Kimberly's recognized gain or loss on the distribution?
Kimberly's capital gain = land's FMV - other land's FMV = $22,675 - $19,850 = $2,825
b. What is Kimberly’s remaining basis in KST after the distribution?
Kimberly's basis = basis + gain - land basis = $18,300 + $2,825 - $15,575 = $5,550
c. What is KST's basis in the land Kimberly contributed after Kimberly receives the distribution?
KST's basis on the land = land's basis + Kimberly's gain = $12,750 + $2,825 = $15,575
Answer:
$23,709
Explanation:
Data provided in the question:
Amount of bond issued = $700,000
Duration = 5 years
Interest rate = 8%
Selling amount of bond = $728,700
Market rate of interest = 7%
Now,
Interest paid = Amount of bond issued × Interest rate
= $700,000 × 0.08
= $56,000
Interest expense = Amount of bond sold × Market Interest rate
= $728,700 × 0.07
= $51,009
unamortized premium = Selling amount of bond - Amount of bond issued
= $728,700 - $700,000
= $28,700
Amortized amount = Interest paid - Interest expense
= $56,000 - $50,009
= $4,991
Balance of the premiums on bonds payable account immediately following the first interest payment
= unamortized premium - Amortized amount
= $28,700 - $4,991
= $23,709
I will be most likely to approach him later, when I know that he will give me a listening ear and politely explain to him the more efficient method to completing the task. Try to counter his approach on the spot is what I’ll least likely do because that could come off as being rude.
