X Company prepares monthly financial statements. The following transactions occurred on September 1: paid the premium for the first year of a $5,000, four-year insurance policy,
paid cash for equipment that cost $20,000; the equipment has a life of four years and salvage value at that time of $2,000, and
borrowed $28,000 from a bank that will be repaid on December 31, along with interest of $117 per month.
The accountant made entries to record the transactions on September 1 and the adjustments on September 30. How was Net Income in September affected by these entries.
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Suppose that a firm is considering moving from a batch process to an assembly-line process to better meet evolving market needs. what concerns might the following functions have about this proposed process change: marketing, finance, human resources, accounting, and information systems?

One principle of usability testing is that it permeates product development. what does that mean?

At december 31, 2018, newman engineering’s liabilities include the following: $29 million of 5% bonds were issued for $29 million on may 31, 1999. the bonds mature on may 31, 2029, but bondholders have the option of calling (demanding payment on) the bonds on may 31, 2019. however, the option to call is not expected to be exercised, given prevailing market conditions. $33 million of 4% notes are due on may 31, 2022. a debt covenant requires newman to maintain current assets at least equal to 194% of its current liabilities. on december 31, 2018, newman is in violation of this covenant. newman obtained a waiver from national city bank until june 2019, having convinced the bank that the company’s normal 2 to 1 ratio of current assets to current liabilities will be reestablished during the first half of 2019. $26 million of 7% bonds were issued for $26 million on august 1, 1989. the bonds mature on july 31, 2019. sufficient cash is expected to be available to retire the bonds at maturity. required: classify the above mentioned debts as current liabilities or noncurrent liabilities. also, provide corresponding value for the same. (enter your answer in millions (i. e., 10,000,000 should be entered as