Reference no: EM13911934
Daffy Duck Company, a building materials supplier, has $18,000,000 of notes payable due April 12,2015. At December 31,2014, Daffy signed an agreement with Wells Fargo to borrow up to $18,000,000 to refinance the notes on a long-term basis. This agreement specified that the borrowings could not exceed 75% of the value collateral Daffy provided. At the date of issue December 31,2014, financial statements, the value of Daffy's collateral was $20,000,000. On it's December 31,2014, balance sheet, How would Daffy Duck company classify the note?
A) 15,000,000 IN LONG TERM DEBT AND 3,000,000 CURRENT LIABILITIES
B) 18,000 OF LONG TERM LIABILITIES
C) 4,500,000 IN LONG TERM AND 13,500,000 IN CURRENT LIABILITIES
D) 18,000 IN CURRENT LIABILITIES
|
Compare and contrast a sole proprietorship
: Compare and contrast a sole proprietorship
|
|
Uses the double-declining-balance method of depreciation
: The Howard Company purchased equipment on September 1, 2003, for $200,000. The residual value is $20,000 and the estimated life is 5 years or 60,000 hours. Compute depreciation expense for the year ending December 31, 2004, if the Howard Company uses..
|
|
Considering purchasing this component to external supplier
: Scottish Elements Inc. sells 30,000 units per year of its main product. One of the main components of this product is also manufactured by the company. The company is considering purchasing this component to an external supplier.
|
|
Determine the price index for a product
: Determine the price index for a product that sold for $8.99 in 1999, compared to $6.99 in 1996
|
|
How would daffy duck company classify the note
: Daffy Duck Company, a building materials supplier, has $18,000,000 of notes payable due April 12,2015. At December 31,2014, Daffy signed an agreement with Wells Fargo to borrow up to $18,000,000 to refinance the notes on a long-term basis. How would ..
|
|
At the beginning of the year
: At the beginning of the year, accounts receivable were $144,000 and the allowance for bad debts was $11,500. During the year, sales (all on account) were $600,000,
|
|
Compute net investment cost of the plant
: Compute: - Net Investment Cost of the plant, Cash flows in years 1 through 4 of the project and Net Present Value of the project
|
|
Limited amount of oxygen
: Phosphorous burns in a limited amount of Oxygen to produce a compound whose composition is 56.4% Phosphorous and 43.6% Oxygen by mass.
|
|
What percentage of the discount chains female employees have
: If 25 percent of the discount chain's employees have a management position, what percentage of the discount chain's female employees have a management position?
|