The adjusted trial balance for Waterway Industries at the end of the current year, 2021, contained the following accounts. 5-year Bonds Payable 9% $3000000 Interest Payable 48000 Premium on Bonds Payable 98000 Notes Payable (3 months.) 38000 Notes Payable (5 yr.) 166000 Mortgage Payable ($13000 due currently) 200000 Salaries and wages Payable 16000 Income Taxes Payable (due 3/15 of 2022) 23000 The total long-term liabilities reported on the balance sheet are $_______.

Answers

Answer 1

Answer:

The total long-term liabilities reported on the balance sheet are $3,451,000.

Explanation:

Details                                                        Amount ($)

Bonds Payable 9%                                     3,000,000

Premium on Bonds Payable                           98,000

Notes Payable (5 yr.)                                     166,000

Mortgage Payable (200,000 - 13,000)         187,000

The total long-term liabilities                   3,451,000


Related Questions

In a binomial distribution, n = 4 and π=0.27 . Find the probabilities of the following events. (Round your answers to 4 decimal places.)

a. x = 2.

b. x ≤ 2.

c. x ≥ 3.

Answers

Answer:

Explanation:

a. Using the formula for the probability mass function of a binomial distribution:

P(x=2) = (4 choose 2) * (0.27)^2 * (0.73)^2 = 0.3185

b. Using the cumulative distribution function:

P(x ≤ 2) = P(x=0) + P(x=1) + P(x=2) = (4 choose 0) * (0.27)^0 * (0.73)^4 + (4 choose 1) * (0.27)^1 * (0.73)^3 + (4 choose 2) * (0.27)^2 * (0.73)^2 ≈ 0.7575

c. Using the complementary probability:

P(x ≥ 3) = 1 - P(x ≤ 2) = 1 - [(4 choose 0) * (0.27)^0 * (0.73)^4 + (4 choose 1) * (0.27)^1 * (0.73)^3 + (4 choose 2) * (0.27)^2 * (0.73)^2] ≈ 0.2425

Incurring an expense for advertising on account would be recorded by:

a. Is the primary standard-setting body in the United States.
b. Is governed by the U.S. Securities and Exchange Commission.
c. Can overrule the FASB when their policies disagree.
d. Promotes the use of high-quality, understandable global accounting standards.

Answers

Complete Question:

Incurring an expense for advertising on account would be recorded by:

Group of answer choices

A) Debiting a liability account.

B) Crediting an asset account.

C) Debiting an expense account.

D) Debiting an asset account.

Answer:

C) Debiting an expense account.

Explanation:

Incurring an expense for advertising on account would be recorded by debiting an expense account.

This ultimately implies that, when a business firm incurs an expense such as on advertising its goods or services, the appropriate account on the balance sheet to record this will be to debit the advertising expense account and then credit the account payable.

PLEASE ANSWER ASAP: I NEED HELP
PLEASE DO NOT JUST ANSWER FOR THE POINTS, PLEASE ACTUALLY HELP!!!!!

PLEASE ANSWER ASAP: I NEED HELP PLEASE DO NOT JUST ANSWER FOR THE POINTS, PLEASE ACTUALLY HELP!!!!!

Answers

The true about retirement savings withheld from employee paychecks. Workers don't have to pay taxes on it until they make account withdrawals, allowing for potential tax savings and the opportunity for the savings to grow over time. Option D.

Retirement savings withheld from employee paychecks typically refers to contributions made to retirement plans such as 401(k) or Individual

Retirement Accounts (IRAs). These contributions are deducted from an employee's paycheck before taxes are applied, which means they are made with pre-tax dollars. As a result, the contributions reduce the employee's taxable income in the year they are made, potentially lowering their overall tax liability.

The tax advantage of retirement savings withholding allows individuals to defer taxes on the contributed amount and any investment gains until they withdraw funds from their retirement accounts in the future.

This deferral allows the savings to potentially grow and compound over time without being taxed annually, providing a tax-efficient way to save for retirement.

It's important to note that option A, which suggests that retirement savings are always matched by the employer, is not universally true. While many employers offer matching contributions as part of their retirement benefits package, not all employers provide a dollar-for-dollar match.

The matching policy can vary widely, ranging from a percentage match to no match at all.

Option B, suggesting that the money withheld is not needed for retirement living expenses, is a generalization and may not hold true for all individuals. Retirement savings are intended to be used for future retirement expenses, and the amount needed will vary depending on an individual's retirement goals, lifestyle, and other factors.

Option C, stating that retirement savings withheld from paychecks is another way of making employers rich, is an oversimplification and does not accurately represent the purpose and nature of retirement savings. Retirement savings are primarily designed to help individuals build financial security and support themselves during their retirement years. Option D is correct.

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5. Describe what causes a change in demand.

Answers

Answer: A change in demand describes a shift in consumer desire to purchase a particular good or service, irrespective of a variation in its price. The change could be triggered by a shift in income levels, consumer tastes, or a different price being charged for a related product.

Explanation: mark me brainly please

briefly describe and note any errors you see in the a/p aging summary report as of march 30 2016

Answers

Your AR ageing report contains information about the credit you grant customers who make purchases from you.

What is AR ageing?

Accounts receivable ageing is a recurring report that classifies a company's receivables based on how long an invoice has been unpaid. It serves as a yardstick for evaluating the stability and financial standing of a company's clientele. If an organization's receivables are being collected much more slowly than usual, this may indicate that business is slowing down or that the organisation is taking on more credit risk in its sales operations. As a management tool, accounts receivable ageing can show whether customers are developing credit concerns and whether the company should continue doing business with those who are frequently late with payments.

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What is a significant factor to consider when marketing a business in the hospitality and tourism industry?

Answers

There are some important and significant factors to consider when marketing a business in the hospitality and tourism industry, by considering this brief description is given below:

When marketing a business in the hospitality and tourism industry, one important factor to consider is the customer experience. This means making sure that customers have a great experience from start to finish, such as when booking or checking out.

To achieve this, businesses need to understand the needs and preferences of their target audience and tailor their marketing efforts accordingly. Providing excellent customer service, having clean facilities, and promoting unique experiences are all crucial elements to creating a positive experience for customers.

By focusing on the customer experience, businesses can attract and retain customers and create a positive reputation, leading to more business and referrals.

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state three essential characteristics of a good leaders​

Answers

Answer:

The Characteristics & Qualities of a Good Leader

Integrity.

Ability to delegate.

Communication.

Self-awareness.

Gratitude.

Learning agility.

Influence.

Empathy.

Answer:

ghhh función de agosto The Rock Creek and have been for a long time now for the rest in the morning and I will be there and I and my son is in a la medicina y cirugía de las partes involucradas te mando la celula BBDD de las tareas que BBDD PAC gxg de las partes involucradas la

A recipe for macaroni and cheese calls for 18 ounces of cheddar cheese to make 32 four-ounce portions. How much would cheddar would be needed to produce 40 eight-ounce portions?

Answers

Answer:  45 ounces of cheddar

Explanation:

18 ounces of cheddar is used to make 32 four-ounce portions.

To make 1 four-ounce portion requires;

= 18/32

= ‭0.5625‬ ounces of cheddar

Making 1 eight-ounce portion should therefore be double that;

= ‭0.5625‬ * 2

= 1.125 ounces of cheddar

To make 40 ounces;

= 1.125 * 40

= 45 ounces of cheddar

Measure the angle in degrees.

Measure the angle in degrees.

Answers

Answer:

45°

Explanation:

If you look at it since the is backward due to the angle 180 would represent 0 and the 140 would be 40 so it is between the 140 and 130 marks so it is 45°.

Suppose for the year 2015, Speedy Chef, a fast food restaurant, had a Gross Profit of $1,281,648. Speedy Chef had the following expenses:

Cost of Goods Sold $1,251,167
Selling Expense $70,578
Rent Expense $156,941
Utilities Expense $73,994
Insurance Expense $35,148
Wages $505,245
General & Administrative $24,358
Miscellaneous $32,968
Interest Expense $4,059
Income Tax Expense $60,596
What would Speedy Chef's Income Before Taxes be for 2015?

Answers

The Speedy Chef's Income Before Taxes for 2015 is -$873,406.

The following are the operating expenses for Speedy Chef for the year 2015:Cost of Goods Sold $1,251,167Selling Expense $70,578Rent Expense $156,941 Utilities Expense $73,994Insurance Expense $35,148Wages $505,245General & Administrative $24,358Miscellaneous $32,968Interest Expense $4,059Income Tax Expense $60,596.

The formula to determine the Income Before Taxes (IBT) of Speedy Chef for 2015 is given below:Income Before Taxes (IBT) = Gross Profit - Total Operating ExpensesTotal Operating Expenses = Cost of Goods Sold + Selling Expense + Rent Expense + Utilities Expense + Insurance Expense + Wages + General & Administrative + Miscellaneous + Interest Expense + Income Tax Expense.Substitute the given values,Income Before Taxes (IBT) = Gross Profit - Total Operating Expenses = $1,281,648 - $2,155,054 = -$873,406.

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QUESTION 1 of 10: Which is the best job-seeking resource?
O a) Newspaper
Ob) Cold calls
c) The web
d) None of the above

Answers

The web is the best job-seeking resource. Therefore option C is correct.

What is WEB?

The World Wide Web, a portion of the Internet that consists of pages that can be accessed by a Web browser, is more commonly referred to as the "Web." The Web and the Internet are frequently used interchangeably because of this presumption.

The global server network that enables information sharing on the Web is actually referred to by the word "Internet." Therefore, even though a sizable amount of the Internet is made up of the Web, they are not the same thing.

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Why should an entrepreneur do a feasibility study for starting a new venture

Answers

Answer:

Because a feasibility study assists entrepreneurs in understanding the market, the budget needed to launch a company, the liquidity factors of a business endeavor, and the return on investment in the initiative.

3. A thousand dollars is invested for 7 months at an interest rate of 1% per month. What is the nominal interest rate per year

Answers

Nominal interest = 1%/month * 12month/1 year

nominal interest rate =12%/ year

Effective interest rate = (1+1%)^12-1 = (1+1/100)^12 -1 = 12.68%

anyone mind helping me by checking if it’s right and correct them? thank you so much!

Consider the following T-account for cash.

1. Compute the balance of the cash account.

2. Specify which of the following cash transactions would have resulted in the $4,000 posting to the account. (You may select more
than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the
box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded
as incorrect.)
Receiving cash from customers

3. Specify which of the following cash transactions would have resulted in the $1,700 posting to the account. (You may select more
than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the
box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded
as incorrect.)

no random answers please ty

anyone mind helping me by checking if its right and correct them? thank you so much! Consider the following

Answers

a) The computed cash account debit balance based on the T-account is $5,100.

b) The cash transactions that would have resulted in the $4,000 posting to the cash account include:

Receiving cash from customersIssuing stock (for cash)Borrowing moneySelling assets (for cash).

c) The cash transactions that would have resulted in the $1,700 posting to the cash account include:

Paying cash for suppliesPaying cash for utilitiesPaying cash for rentPaying cash for equipmentPaying cash for employees salariesPaying cash for dividends.

What transactions are posted to the cash account?

Only cash transactions are posted to the cash account.

The transactions include receipt of cash (debited) and payment of cash (credited).

T-accounts are general ledger accounts in the form of the letter T showing the debit and credit sides.

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from order Technology plays a major role in how warehouses are managed these days processing right through to inventory keeping and shipping. Do some research on what systems are available and specifically the financial benefits it holds for the user and owner. Write a short essay of no longer than 250 words. ​

Answers

The purpose of a WMS is to help provide that goods and materials move through warehouses in the most efficient and cost-effective way. A WMS handles many processes that enable these movements, including inventory tracking, picking, receiving and putaway

How does information technology help with warehousing?

The real-time information provides accurate, current information to managers, warehouse workers, and operations personnel – all at the identical time – for better decision-making. Besides real-time information, WMS releases the guesswork of where the event is found.

What's the most significant thing in warehouse management?Goods tracking.Selection and packing.Receiving and stowingShipping.ReportingEnable logistical growth.Parcels are processed and shipped faster.

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Wat is the main advantage of using The Sentence Method

Answers

It may help structure your sentences more in writing.

You have just taken on a 30-year, 6% p.a. (to be compounded monthly), $300,000 mortgage and would like to pay it off in 15 years.

By how much will your monthly payment have to change to accomplish this objective?


A. $2,531.57

B. $ 732.92

C. $1,798.65

D. $ 833.33

E. $ 633.12

Answers

Answer:

A. $2,531.57

Explanation:

I did this before on school

Because your patented Gidgit is starting to gain attention and investors are starting to show interest, the executive committee is considering becoming a publicly held company by selling the company to the government.
True
False

Answers

Answer:

False.

Explanation:

Patent can be defined as the exclusive or sole right granted to an inventor by a sovereign authority such as a government, which enables him or her to manufacture, use, or sell an invention for a specific period of time.

Generally, patents are used on innovation for products that are manufactured through the application of various technologies.

Basically, the three (3) main ways to protect an intellectual property is to employ the use of trademarks, copyright and patents.

In this scenario, Because your patented Gidgit is starting to gain attention and investors are starting to show interest, the executive committee is considering becoming a publicly held company.

Since Gidgit is patented it cannot be sold to the government because it is a registered intellectual property that cannot be used or sold without the approval or consent of the owner.

In order to access a web site it is always necessary to type www in the address

Answers

Answer:

that is not true you could put .net or .com

It's not necessary, but you can if you want to.

hat is the main difference between fixed inputs and variable inputs? 3. Explain the law of variable proportions. 4. Which stage of short run production is efficient? Why? 5. Show the relationship between short-run MC and MPL both mathematically and graphically. 6. Can accounting cost be greater economic cost? Explain. 7. The short run AVC, AC and MC are all U-shaped. Why? 8. Explain briefly the following concepts. A) Utility B) Indifference curve C) Law of diminishing marginal utility D) Budget line E) Consumer preference F) Marginal rate of substitution 9. What is the basic difference between cardinal and ordinal approaches of utility? 10. Elaborate the justifications for the negative slope and convexity of indifference curve. 11. A person has $100 to spend on two goods X and Y whose respective prices are $3 and $5. A. Draw the budget line. B. What happens to the original budget line if the budget falls by 25%?​

Answers

Fixed inputs are inputs that cannot be changed in the short run, such as the size of a factory or the level of technology used. Variable inputs are inputs that can be changed in the short run, such as the number of workers or the amount of raw materials used.

The law of variable proportions states that as more of a variable input is added to a fixed input, the marginal product of the variable input will eventually decrease.

How to explain the terms

The most efficient stage of short run production is when the marginal cost (MC) is equal to the marginal revenue (MR). This is because when MC = MR, the firm is producing at the maximum level of profit.

Mathematically, the relationship between short-run marginal cost (MC) and marginal physical product (MPP) can be represented as MC = d(AC)/d(Q), where AC is the average cost and Q is the level of output. Graphically, this relationship can be depicted as a downward sloping MC curve intersecting an upward sloping MPP curve at the efficient level of production.

Accounting cost is the cost incurred by a firm in its financial records, while economic cost is the opportunity cost of using a resource in its next best alternative use. Accounting cost can be greater than economic cost because it does not account for opportunity costs.

The short-run average variable cost (AVC), average cost (AC), and marginal cost (MC) are U-shaped because as output increases, the average cost of each additional unit decreases, reaching a minimum point and then increasing as production becomes more inefficient.

A) Utility refers to the satisfaction or happiness that a consumer derives from consuming a good or service. B) An indifference curve is a graph that shows the different combinations of two goods that give a consumer the same level of utility. C) The law of diminishing marginal utility states that as a consumer consumes more of a good, the marginal utility derived from each additional unit will decrease. D) A budget line shows the different combinations of two goods that a consumer can afford to purchase, given their income and the prices of the goods. E) Consumer preference refers to the choices a consumer makes among different goods or services based on their tastes and preferences. F) The marginal rate of substitution is the rate at which a consumer is willing to trade one good for another, while still maintaining the same level of utility.

The cardinal approach of utility assigns numerical values to the utility derived from consuming different goods, while the ordinal approach ranks the utility derived from consuming different goods in order, but does not assign numerical values.

The negative slope of the indifference curve represents the law of diminishing marginal utility, where as a consumer consumes more of one good, the utility derived from each additional unit will decrease. The convexity of the indifference curve represents the fact that a consumer is willing to trade one good for another at a decreasing rate as they consume more of one good.

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Production is an example of a marketing activity.

Question 1 options:

True


False

Answers

The answer is true, production is one of the most important marketing activities

Type the correct answer in the box. Spell all words correctly.
Why is the cost of goods sold account part of a trading business only?
The cost of goods sold account is part of a trading business, but not seen in the income statement of a service business. This is because in a
service business, no
goods are sold to the consumers.

Answers

Answer:

Indeed, the cost of goods sold account is part of a trading business, but not seen in the income statement of a service business, because in a service business, no material goods are sold to the consumers. In this way, contrary to what happens in the sale of goods, in the sale of services the seller does not offer a material with a previous production cost to the buyer, but rather offers the performance of a certain task, with which there is no material component in the offer, but rather an execution of an act and the knowledge of how to carry out said execution by the person providing the service.

The net income reported on the income statement is $97,309. However, adjusting entries have not been made at the end of the period for the
supplies expense of $2,135 and accrued salaries of $1,163. Net income, as corrected, is
a. $96,146
b. $97,309
c. $94,011
d. $95,174

Answers

The answer to your question is D

How can VietNam attract foreign investments into transportation infrastructure??

Answers

How does Vietnam attract foreign investment?

Another evidence to prove Vietnam's economic openness is that Vietnam has been participating in many bilateral and multilateral free trade agreements with many countries and regions to attract foreign investment into Vietnam such as the bilateral trade agreements with the US, Korea, Japan, ASEAN Economic Community

Why Vietnam is an attractive destination for foreign investment?

Some are due to its political stability, steady economic growth, abundant workforce, vast market, increasing per capita income, extensive international integration, competitive incentives, and geographic location in the heart of Southeast Asia, Vietnam has been regarded as a bright spot in ASEAN by investors

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Explain how utility could be used in a decision where performance is not measured by monetary value

Answers

Utility can be applied in decision-making situations where performance is not solely measured by monetary value.

Utility is a concept that can be used in decision-making scenarios where performance or outcomes are not solely measured by monetary value.

Utility refers to the satisfaction, well-being, or value that an individual derives from a particular outcome or alternative. It provides a framework for decision-makers to consider non-monetary factors and subjective preferences.

In situations where performance is not easily quantifiable in monetary terms, utility can be used to assign subjective values or preferences to different outcomes. Decision-makers can assess the potential utility or satisfaction associated with each alternative and choose the option that maximizes overall utility.

For example, let's consider a decision regarding the selection of a vacation destination. The performance in this case is not directly measured by monetary value, but rather by the level of enjoyment and personal preferences.

Utility theory can be applied by evaluating the potential utility associated with each destination based on factors such as climate, cultural experiences, outdoor activities, and personal interests. Decision-makers can assign subjective values or rankings to these factors and consider their individual utility weights.

By considering utility, decision-makers can make choices that align with their personal preferences and maximize their overall satisfaction or well-being. They may prioritize destinations that offer experiences they value the most, even if it comes at a higher cost or involves trade-offs with other factors.

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Why is it necessary to clean vent hood filters on a regular basis?
A.It makes the air cooler
B.It prevents the buildup of grease that could drip into food
C.It prevents a pest infestation
D.It helps the food cook more evenly

Answers

Answer:

i think the answer is  D

Explanation:

to me it makes the most sense

Cleaning the vent hood filters prevents the grease buildup that could drip into the food.

What is the significance of cleaning filters?

The cleaning of filters not only maintains long life of the filters, but also prevents the drawbacks it may bring if not cleaned. The vapor forms grease into the filters over a period.

It is important to clean these filters of the vent hood, so that the filters work effectively without grease buildup that may result in getting dripped into the food while in preparation.

Hence, option B holds true regarding cleaning the filters.

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2 words that ryme on the same line is called?

Answers

Answer:A couplet usually consists of two successive lines that rhyme and have the same metre. A couplet may be formal (closed) or run-on (open). In a formal (or closed) couplet, each of the two lines is end-stopped, implying that there is a grammatical pause at the end of a line of verse.

Explanation:Hoped this helped u kind sir or ma'am and have an great day! And also may i plz have brainlist?

If your seafood themed restaurant is located along the beachfront, which of these might be an effective marketing
strategy?

Answers

Answer:

Sponsor a surfing competition...

Explanation:

Just did it on Virtual Business

These might be a successful marketing tactic if your seafood restaurant is beachfront and support a surf-related event

What is marketing?

Marketing is the process of investigating, developing, and providing value in terms of products and services to fulfill the needs of a target market. Potentially includes the selection of a target audience; the selection of certain traits or themes to emphasize in advertising;

Marketing is the activity of investigating, generating, and supplying value in the form of goods and services to fulfill the demands of a target market, potentially including the identification of a target audience; the selection of specific traits or themes to stress in advertising.

Therefore, These might be a successful marketing tactic if your seafood restaurant is beachfront and support a surf-related event

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Wiki Wiki Company has determined that the variable overhead rate is $4.50 per direct labor hour in the Fabrication Department. The normal production capacity for the Fabrication Department is 10,000 hours for the month. Fixed costs are budgeted at $60,000 for the month.

Required:
a. Prepare a monthly factory overhead flexible budget for 9,000, 10,000, and 11,000 hours of production.
b. How much overhead would be applied to production if 9,000 hours were used in the department during the month?

Answers

Answer:

a. Monthly Factory Overhead Cost Budget Fabrication Department

Direct Labor Hours                        9,000          10,000       11,000

Variable Factory Overhead          $40,500    $45,000    $49,500

Cost at $4.50 per hour

Fixed Factory Overhead Costs    $60,000    $60,000    $60,000

Total Factory Overheads             $100,500  $105,000  $109,500

b. Normal Production = 10,000 Units

Total Factory Overheads = $105,000

Factory Overhead Cost per unit = $105,000 / 10,000 Units

Factory Overhead Cost per unit = $10.5 per unit

Factory Overhead Cost absorbed when 9,000 hours used in the department:

= 9,000 Hours * $10.5 per Unit

= $94,500

Laura is saving her money in case of an emergency. She currently has enough savings to cover her living expenses for four months. Evaluate Laura's savings.
a.She has saved over the maximum recommended amount and could use some of the money for other funds
b.She has saved less than the minimum recommended amount and could be in trouble if she loses her job or falls ill.
c.She has saved more than the minimum recommended amount, but she could save more.
d.She has saved the maximum recommended amount and should not save any more.

Answers

Answer:

The answer is c. She has saved more than the minimum recommended amount, but she could save more. While having enough savings to cover four months of living expenses is a good start, it is generally recommended to have at least six months' worth of living expenses saved for emergencies. Therefore, Laura could save more to ensure she is fully prepared for any unexpected events.

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