![subject](/tpl/images/cats/ekonomika.png)
The Tony Hawk Skate Park has a 5-year installment loan with monthly payments of $5,000 including interest. Currently, the first twelve monthly payments have been recorded as a current liability. The VP of Finance, tells board members that he plans to classify the current portion of the installment note as long-term. He explains that lenders will be more willing to let the company borrow and will offer lower interest rate if the company reports fewer current liabilities. Multiple Choice
a. Classifying the first twelve installment payments as a current liability is not required by GAAP.
b. Reporting the current portion of a long-term note as long-term debt is a misrepresentation of the financial position of the company.
c. The ability to borrow at lower interest rates is more important than being ethical.
d. Presenting investors with a strong current ratio is acceptable at any cost.
![ansver](/tpl/images/cats/User.png)
Answers: 3
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Another question on Business
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 15:40
As sales exceed the break‑even point, a high contribution‑margin percentage (a) increases profits faster than does a low contribution-margin percentage (b) increases profits at the same rate as a low contribution-margin percentage (c) decreases profits at the same rate as a low contribution-margin percentage (d) increases profits slower than does a low contribution-margin percentage
Answers: 1
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 20:20
Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.
Answers: 2
![question](/tpl/images/cats/ekonomika.png)
Business, 23.06.2019 07:30
The uk economic climate is important for pod point. it is considering two options to reduce the impact of falling uk consumer incomes on sales: 1. focus on selling to foreign countries. or 2. cut costs of production. justify which one of these two options pod point should choose
Answers: 1
![question](/tpl/images/cats/ekonomika.png)
Business, 23.06.2019 09:30
Although most economic contractions or recessions last sixteen months, the most recent recessionary period referred to as the great recession lasted
Answers: 1
You know the right answer?
The Tony Hawk Skate Park has a 5-year installment loan with monthly payments of $5,000 including int...
Questions
![question](/tpl/images/cats/biologiya.png)
Biology, 26.09.2019 19:10
![question](/tpl/images/cats/mat.png)
Mathematics, 26.09.2019 19:10
![question](/tpl/images/cats/en.png)
English, 26.09.2019 19:10
![question](/tpl/images/cats/biologiya.png)
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 26.09.2019 19:10
![question](/tpl/images/cats/obshestvoznanie.png)
Social Studies, 26.09.2019 19:10
![question](/tpl/images/cats/mkx.png)
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/himiya.png)
Chemistry, 26.09.2019 19:20
![question](/tpl/images/cats/mat.png)
Mathematics, 26.09.2019 19:20
![question](/tpl/images/cats/es.png)
![question](/tpl/images/cats/istoriya.png)
History, 26.09.2019 19:20
![question](/tpl/images/cats/istoriya.png)
History, 26.09.2019 19:20
![question](/tpl/images/cats/istoriya.png)
History, 26.09.2019 19:20
![question](/tpl/images/cats/mat.png)
Mathematics, 26.09.2019 19:20