Galan Associates prepared its financial statement for 2008 based on the information given here. The company had cash worth $1,234, inventory worth $13,480, and accounts receivables of $7,789. The company's net fixed assets are $42,331, and other assets are $1,822. It had accounts payables of $9,558, notes payables of $2,756, common stock of $22,000, and retained earnings of $14,008. How much long-term debt does the firm have?
A) $54,342
B) $76,342
C) $12,314
D) $18,334
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Galan Associates prepared its financial statement for 2008 based on the information given here. The company had cash worth $1,234, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Knowles & Foreman Company took the following data from its income statement at the end of the current year:Per-unit product cost$35Gross margin percentage41.
Answers (1)
Redesigned Computers has 6.5 percent coupon bonds outstanding with a current market price of $742. The yield to maturity is 13.2 percent and the face value is $1,000. Interest is paid annually. How many years is it until these bonds mature
Answers (1)
The u. s. government's immigration act of 1990: a. encouraged entrepreneurs to come to the u. s. through "investor visas." b. established a government program to teach american workers displaced by immigration how to start their own businesses. c.
Answers (1)
An ideal marketing penetration strategy would be to offer cash backs and discounts on products to customers a. True b. False
Answers (2)
Select the correct reporting method for each of the items listed below, enter the letter (a, b, c, d. as the answer (some letters may be used more than once and others may not be used at all) : reporting method a. current liability b.
Answers (1)
New Questions in Business
The ability of a multinational or global competitor to shift production from country to country to take advantage of exchange rate fluctuations, energy costs, wage rates, or changes in tariffs is an example of
Answers (1)
Both monopolies and monopolistically competitive firms set marginal revenue equal to marginal cost to maximize profit. Given the same cost curves, would you expect prices to be higher in a monopoly or a monopolistically competitive market?
Answers (1)
The ending Retained Earnings balance of Boomer Inc. decreased by $1.5 million from the beginning of the year. The company declared a dividend of $4.2 million during the year. What was the net income for the year?
Answers (1)
If there is a recessionary gap in the short run, the Federal Reserve can eliminate the gap in the short run by undertaking a policy action that raises aggregate demand.
Answers (1)
Connor Lamps Inc. purchased factory equipment in January 2015 for $575,000. In March 2018, this equipment was sold for $105,000 cash. At the date of sale, the accumulated depreciation account totaled $325,000.
Answers (1)