Electric bill payable Liability
<h3>Is an electric bill considered a liability?</h3>
In our example, the utility bills for gas and electricity used in December are both an expense and a liability as of December 31.
When the utility bills are paid, the liability is eliminated.
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Answer:
The maximum amount of good Y produced will be 960.
Explanation:
Smallville has a linear production possibility frontier in the production of good X and good Y.
It can produce 6 of X per hour or 8 of Y per hour.
It has 240 hours of labor and divides labor hours equally between the production of good X and good Y.
It means that both good X and good Y get 120 hours of labor each.
The amount of good Y produced in 120 hours
= 
= 960 units
Answer:
$339,600
Explanation:
The internal rate of return is the relationship between the price of the equipment and their yearly cash flow. the IRR makes the net present value equal to zero thus, it makes the present value of the yearly cashflow equal to the cost:
C 60,000.00
time 12
rate 0.14
PV $339,617.5275
<em><u>From the given option:</u></em>
$ 339,600 is the closest option.
Answer: Balance Sheet
Profit and Loss Statement
Cash Flow Statement
Explanation:
Balance Sheet or the statement of Financial Position is a report that shows the assets that your business owns against your equity and liabilities. This report can help you make asset purchasing decisions or decisions about how to fund the acquisition of new assets.
Profit and Loss Statement: shows a detail of the income your business has earned, the expenses you incurred to earn this income and your profit/loss. This report can help you figure out if your expenses are too high or the prices you charge for your goods/services are too low.
Cash Flow Statement: shows your liquidity position at different points during a financial period. This report is important as it allows you to see periods when you may need an extra inflow of funds to keep your business operational and can help you decide when to apply for bank loans or whether to delay the purchase of some assets.
