Balance sheet under long term liabilities

Assignment Help Corporate Finance

Reference no: EM1347450

ACME Company's fiscal year ends on December 31. At the end of the first quarter on March 31, ACME owes $40,000 on a vehicle loan that matures in three years. In each of the next four quarters, ACME will be making quarterly payments of $3,000, of which $500 is interest. The amount of the loan balance that should be classified on the balance sheet under Long-term liabilities is:

1. $10,000
2. $12,000
3. $30,000
4. $40,000

Reference no: EM1347450

Questions Cloud

Calculate bad debt expense : Amy Jo's machines had adjusted account balances in accounts receivable of $311,000 and $970 in allowance for uncollectible accounts.

Cvp analysis of advanced electronics : Houston-based Advanced Electronics manufactures audio speakers for desktop computers. The following data relates to period just ended when the company manufactured and sold 42,000 speaker sets:

Create a plot of a cubic spline fit : Create a plot of a cubic spline fit of following data with natural end conditions: x 0 100 200 400f(x) 0 0.82436 1.00000 0.73576. compare the plot with the following equation which was used to create data.

Cvp analysis of plainfield bakers : Plainfield Bakers manufactures and sells the popular line of fat free cookes under name Aunt May's cookies. The process Plainfield employs to manufacturer the cookies is labor-intensive; it relies heavily on direct labor.

Balance sheet under long term liabilities : ACME Corporation fiscal year ends on December 31st. At the end of 1st quarter on March 31, ACME owes $40,000 on a vehicle loan that matures in three (3) years.

Question regarding the cvp ananlysis : Suppose a fixed cost of $900, a variable cost of $4.50, and selling price of $5.50. Find out the break even point? How many units should be sold to make a profit of $500.? How many units should be sold to average $.0.25 profit per unit? .50 per un..

Find would the firms operating leverage : Would the firm's operating leverage increase or decrease if it made the change and would the new situation expose the firm to more or less business risk than the old one

What percentage of the molecules escape : A 0.410kg block is attached to a horizontal spring that is at its equilibrium length, and whose force constant is 22.0N/m . The block rests on a frictionless surface. A 6.00×10^2kg wad of putty is thrown horizontally at block, hitting it with a s..

Explaining accuracy when using training set data : Explain what can you say about accuracy when using training set data and when using separate percentage to train?

User Account

All Pages