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3 years ago

Jones Company has the following liabilities at the end of the current year:

Business

1 answer:

makkiz [27]3 years ago

5 0

Answer:

The amount of long-term liabilities to be reported on the Balance Sheet at the end of the current year is $70.000

Explanation:

Concepts / definitions:

Long-term liabilities or noncurrent liabilities are knowns as obligations that companies have to pay in more than 1 year (12 months) or for some companies, after the company’s operating cycle (it is the time that the company takes to convert their inventory into cash).

Examples: Long term leases and bonds (that are generally are designed to be paid in more than one year).

Classification

Notes Payable (current) $ 10,000

Accounts Payable $ 5,000

Salaries Payable $ 2,000

Sales Tax Payable $ 2,000

Current liabilities $ 19,000

Bonds Payable $ 50,000

Notes Payable (long-term) $ 20,000

Long-term liabilities $ 70,000

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How might a person in an information technology company have a lot of power even if he or she does not hold an executive title

Gnesinka [82]

Answer:

Even if individual doesn't even have an executive role, a person responsible of information technology for a corporation might wield tremendous authority. This is due to the fact that power is not necessarily linked to a position of authority.

Explanation:

A person with leadership qualities can advance to positions of power, allowing them to put their abilities and personality attributes to good use. A person in charge of information technology is also responsible for optimising the company's digital technologies owing to the nature of the role and responsibilities.

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2 years ago

Which of the following statements about free cash flow is true? A : Significant free cash flow indicates less potential to finan

spayn [35]

Answer:

The correct answer is (C)

Explanation:

Free cash flow is calculated by subtracting operating cash flow from the expenditures. Free cash flow statement also known as FCF statement is generally the amount of cash left after paying all the expenditures. As it is the leftover amount it is not reported on the cash flow statement. This free cash flow amount is used to analyse how much a company can distribute among the stakeholders.

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2 years ago

Suppose the city of Austin, TX chooses to regulate the number of street vendors operating near the University of Texas by requir

Dmitrij [34]

Answer:

economic rent of $65,000

Explanation:

Economic rent is the amount of money paid in excess to a factor of production in excess of what is socially optimum

Economic rent = $150,000 - $85,000 = $65,000

Accounting profit= total revenue - explicit cost

Total revenue =price x quantity sold

Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials

Economic profit = accounting profit - implicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

Without the regulation, economic profit would be driven to zero.

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2 years ago

The problem now is to decide which contractor to choose.B has indicated that for another $20 million he could do the job in 18 m

Ede4ka [16]

Question: The question is incomplete. See the full question below and the answer.

You are an up-and-coming developer in downtown Seattle and are interested in constructing a building on a site you own. You have collected four bids from prospective contractors. The bids include both a cost ($millions) and time to completion (months):

Contractor Cost Time

A 100 20

B 80 25

C 79 28

D 82 26

The problem now is to decide which contractor to choose. B has indicated that for another $20 million, he could do the job in 18 months, and you have said that you would be indifferent between that bid and the original proposal. In talking with C, you have indicated that you would just as soon pay her an extra $million if she could get the job done in 26 months. Who gets the job? Explain your reasoning. (It may be convenient to plot the four alternatives on a graph.)

Answer:

See the explanation for the answer and find attached of the graph.

Explanation:

So we draw a regression line of Time vs Cost and best fit a curve based on the data given, given in the above figure. The four alternatives are marked in the figure as well. Our main objective is to reduce both time and cost, but that might not be possible So the best thing would be to look for alternatives which lie below the line. If C gets an extra million, then that point would come below the regression line, and it would be a better alternative than D, because for the same time we are getting the job done at a cheaper cost.

Also if B is paid extra 20 million, that point also comes below the regression line, and hence will be a better alternative than A because for the same cost again we are getting the job done earlier. We need to choose between B and C. Now in order to optimise both cost and time, we need to choose a point close to the middle point of the regression line segment in 1st quadrant. We see that C is much more closer to the middle point and hence seems like a better option.

So we choose C as our contractor if we consider B's alternative bid, but if we do not consider B's alternative bid and stick to the original one, we choose B as our contractor.

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2 years ago

What is MLS :) :) :) :)

Nikolay [14]

Answer:

Multiple Listing Service

Explanation:

6 0

2 years ago