User Account

All Pages

Deposits from customers on equipment ordered

Assignment Help Accounting Basics
Reference no: EM131115835

Current versus Noncurrent Classification Rodriguez Corporation includes the following items in its liabilities at December 31, 2010.

1. Notes payable, $25,000,000, due June 30, 2011.

2. Deposits from customers on equipment ordered by them from Rodriguez, $6,250,000.

3. Salaries payable, $3,750,000, due January 14, 2011. Indicate in what circumstances, if any, each of the three liabilities above would be excluded from current liabilities. 

Reference no: EM131115835

Questions Cloud

Explain what aspect of each issue is problematic for you : Identify three major issues that you think you would need to work through in therapy. Explain what aspect of each issue is problematic for you.
Write an essay on identify an organisation its goal : Identify an organisation you are familiar with and outline its organisational goals. Using relevant theories, explain how this organisation's structure, design, culture and leadership help it function effectively to achieve these goals.On successful ..
Blocks north of original corner : David stands on a street corner tossing a coin. He decides he will toss the coin 10 times, each time walking 1 block north if it lands headsup, and 1 block south if it lands tails up. Find the probability that he ends up 10 blocks north of his ori..
Doubles the supply of gold coins in the economy : Suppose a country’s currency is a gold coin. One day, speculators find a large gold mine which doubles the supply of gold coins in the economy. In the short run:
Deposits from customers on equipment ordered : Salaries payable, $3,750,000, due January 14, 2011. Indicate in what circumstances, if any, each of the three liabilities above would be excluded from current liabilities.
Decide to raise the minimum wage : Provide a graphical example of what could potentially happen to the number of people employed in an economy if the government were to decide to raise the minimum wage; in addition, provide an explanation of what occurs when the minimum wage is increa..
Describe where and how you acquired the necessary skills : Describe where and how you acquired the necessary skills that helped you excel through the progression of your education. Be sure to include examples.
Firms in industrial countries find larger market for goods : Firms in industrial countries find a larger market for their goods in other industrial countries than in developing countries because:
What effect would accepting order have on companys income : What effect would accepting this order have on the company's net operating income if a special price of $349.95 is offered per bracelet for this order?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Ending direct material is 20 larger than beginning direct

information about cari enterprise for the month ending december 31 2012 is as followssale 300000

  Schaefer company is in the process of adjusting and

schaefer company is in the process of adjusting and correcting its books at the end of 2010. the books are still open

  Show journal entries and necessary accounts

Show Journal entries and necessary accounts. Also show how the items will appear in Profit and Loss account and Balance sheet.

  Caine bottling corporation is considering the purchase of a

caine bottling corporation is considering the purchase of a new bottling machine. the manchine would cost 200000 and

  Show how the results of this transaction would be reported

barton chocolates used a promissory note to borrow 950000 on july 1 2009 at an annual interest rate of 7 percent. the

  Santa fe paid within the discount period

Santa Fe paid within the discount period. Assume that both buyer and seller use a perpetual inventory system.

  Explain partnership interest and what rights does it confer

1. what is a partnership interest and what rights does it confer to the partner? what are inside basis and outside

  State whether each non-value-adding activity is necessary

direct marketing inc. dmi offers database marketing strategies to help companies increase their sales. dmis basic

  What is the net monetary advantage

What is the net monetary advantage (disadvantage) of processing Product X beyond the split-off point? What is the net monetary advantage (disadvantage) of processing Product Y beyond the split-off point?

  Hw would your answer to part a change if the first

suppose the opportunity cost of capital is 10 percent and you have just won a 1 million lottery that entitles you to

  Barretts fashion forecasts sales

Barrett's fashion forecasts sales of 125,000 for the quarter ended december 31 Its gross profit reate is 20% of sales and its september 30inventory is 32,500 If the december 31 inventory is targeted at 41,500 budgeted purchases for the fourth quar..

  Give three examples of an is vendor

Give three examples of an IS vendor.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd