If the company decided to have its production cut into half of its original value, this will most likely be causing the unemployment of those who originally stayed with the company because of the company will most likely decide to fire some of its people to cut costs. In this essence, the country to which the company manufactures the product will have an increase in the unemployment percentage.
Answer: a. Assets increase by $125,000 and liabilities increase by $125,000
Explanation:
The Office equipment bought are considered PPE which means they are fixed assets. Their acquisition will increase the assets held by the company by the value of the equipment, $125,000.
The equipment was however, bought on credit. This means that the company still owes the suppliers, payment for it which will see their liabilities increase by the same amount of $125,000.
Answer:
Quality of life.
Explanation:
Financial skills can be defined as those skills that are used to tackle an unpredictable financial situation. It requires knowledge and understanding to manage such situations. Using these skills one is able to turn this tough situation in favor of ownself.
Such skills are used in the professional line by accountants, financial analysts, etc.
<u>Having personal financial skills helps in enhancing the quality of life. Having financial skills in personal life helps in many things such as savings, bargaining, able to distinguish between what they need and what they want, etc</u>.
So, the correct answer is quality of life.
Mike Tyson earned about $200 million during his career. However, in 2003 he was in financial trouble. This an example of poor management skills. If he had of invested his money wisely. not spent his money on things not needed, and not overindulged in a lavish lifestyle, he would still have this money or more today.
Form10-Q is the SEC filing form that accompanies quarterly financial report and might be what you are referring to.
