Decrease assets, decrease liabilities. Accounts payable are what the business owes (liabilities). By paying off accounts payable, the liabilities are decreasing (they owe less) and the assets are also decreasing (because they use assets/cash to pay off the liabilities, so they have less now).
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Answer:
C) tests the functioning of the system as a whole.
Explanation:
System testing refers to a process in which a complete system is evaluated to make sure that it works properly and fulfills the requirements. According to this, the answer is that system testing tests the functioning of the system as a whole.
The other options are not right because system testing doesn't separate components or programs as it involves the actual evaluation of the whole system to find defects and it is done before the acceptance testing.
Answer:
Check the following calculation
Explanation:
Current price : D0(1+g)/(Rs-g)
8 (1+.02)/(.13-.02)
8* 1.02 / .11
= $ 74.18 per share
2) Dividend: 8(1+.02) = 8.16
Annual rate of return : [P1- P0+D ]/P0
[74.18 - 63 + 8.16 ]/63
19.34/63
.3070 or 30.70%
Answer:
d. banks and mutual funds.
Explanation:
Financial intermediaries are bodies or individuals that connect surplus and deficit agents. These institutions serve as middlemen among diverse parties in financial transactions. These include banks, mutual funds, pension funds, building societies etc. Banks and mutual funds are two of the economy's most important financial intermediaries.
Answer:
d) as a current liability.
Explanation:
As in the given instance, the value of transaction is also known, further since the contract s signed the company has liability to buy the goods and accordingly the company has to incur such payment.
Since there will be an purchase for which payment will be made in future.
Therefore, this will give rise to current liability, although value of goods has decreased but still, there is a liability of payment.