Business, 08.10.2019 01:30, lucerogd170

Branch company, a building materials supplier, has $17,800,000 of notes payable due april 12, 2014. at december 31, 2013, branch signed an agreement with first bank to borrow up to $17,800,000 to refinance the notes on a long-term basis. the agreement specified that borrowings would not exceed 85% of the value of the collateral that branch provided. at the date of issue of the december 31, 2013, financial statements, the value of branch's collateral was $19,400,000. on its december 31, 2013, balance sheet, branch should classify the notes as follows: $2,670,000 short-term and $15,130,000 current liabilities.$17,800,000 of long-term liabilities.$16,490,000 long-term and $1,310,000 current liabilities.$17,800,000 of current liabilities.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 13:40, LilFabeOMM5889

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)

Answers: 1

continue

Business, 22.06.2019 22:00, indya2

Suppose that with a budget of $110, deborah spends $66 on sushi and $44 on bagels when sushi costs $2 per piece and bagels cost $2 per bagel. but then, the price of bagels falls to $1 per bagel.

Answers: 3

continue

Business, 23.06.2019 01:30, stranger123

At the end of the fiscal year, apha airlines has an outstanding non-cancellable purchase commitment for the purchase of 1 million gallons of jet fuel at a price of $4.10 per gallon for delivery during the coming summer. the company prices its inventory at the lower of cost or market. if the market price for jet fuel at the end of the year is $4.50, how would this situation be reflected in the annual financial statements?

Answers: 2

continue

Business, 23.06.2019 09:30, ununoctrium5401

Although most economic contractions or recessions last sixteen months, the most recent recessionary period referred to as the great recession lasted

Answers: 1

continue

Do you know the correct answer?

Branch company, a building materials supplier, has $17,800,000 of notes payable due april 12, 2014....