Answer:
$48000
Explanation:
Given: Accounts payable $30,000;
Accrued liabilities payable $4,000;
Short-term notes payable $14,000.
Current Liability: It is a financial obligation of the company that need to be paid in a short period of time, within one year or within normal operating cycle.
Now, computing current liabilities from the given information.
Current liability= 
⇒ Current liability= 
∴ Current liability= $48000
Hence, Pioneer's total current liabilities is $48000.
Answer: D. can say that Chan is buying the utility-maximizing amounts of donuts and cheese.
Explanation: Utility is the amount of satisfaction derived from consuming a product or service. In the question above, Chan is deriving the same amount of satisfaction/utillity (25 utils) from the quantity of donuts and cheese that he buys. There is no reason to change the ratio in which he buys them.
If he was deriving more satisfaction from one of the two, we could say that he should buy more of that item to maximize his satisfaction. But this is not the case.
Answer:1. Increase in supply; increase; decrease
2. Decrease in supply; decrease; increase
3. Increase in supply; increase; decrease
4. Decrease in quantity supplied; decrease; decrease
Explanation:
Answer:
1. a GENERAL partner
2. a LIMITED partner
Explanation:
A GENERAL partner has responsibility or liability for losses beyond their investment. They are bound up to the extent of their personal assets incase the partnership is insolvent. They are also responsible in the management and decision-making process in the operation of the partnership. A LIMITED partner on the other hand is only liable in the partnership’s losses up to the extent of his investment in case of partnership’s insolvency. But a limited partner should NOT participate in the management and decision-making process of the operation in the partnership for him to be not liable up to the extent of his personal asset. A limited partner should also be recorded in the articles of the partnership as “LIMITED PARTNER”, otherwise he is liable as general partner.
The payee has a legal obligation to submit the funds.
Explanation:
Once a transaction is agreed upon it becomes a legal obligation of the payee to pay the business owner.
<u>Accounts receivable are thus counted in the balance sheets as liquid funds or current funds as they are converted into cash in less than an year is most cases. </u>
In such a case that doesn't happen, they are counted as long term assets of a company. Any potential income guaranteed by legality is counted in the balance sheet as assets.
