An in-depth report of all increases and decreases that have occurred in a selected asset, liability, or equity at some point in duration is known as an account.
A liability is something someone or an organization owes, typically a sum of money. Liabilities are settled over time through the transfer of financial advantages such as cash, items, or offerings. liability is defined as the kingdom of being liable for something or something that a person is answerable for. An instance of legal responsibility is someone having to pay returned pupil loans. An instance of liability is the price of an automobile coincidence.
Liability is any money owed to your business enterprise, whether or not it is bank loans, mortgages, unpaid payments, IOUs, or some other amount of money that you owe a person else. if you've promised to pay someone an amount of cash in the future and haven't paid them yet, it is a liability.
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Answer:
c. include the need for recognition
Explanation:
Esteem needs two different sets of needs
- the need for a positive self-image and self-respect
- the need for recognition and respect from others
Answer:
Liabilities of foreignness is the correct answer.
Explanation:
Answer:
c. Indirect
d. Fixed
f. Product
Explanation:
Cost of the factory maintenance manager's salary is a manufacturing cost. However, this manufacturing cost is an Indirect and fixed cost. Manufacturing costs are Product costs whereas Non-Manufacturing costs are Period Costs
Based on the information given regarding the reserve requirements, there'll be an increase in the money supply by $4000.
A reserve requirement simply means a regulation by the Central Bank where commercial banks set a minimum amount that must be held in liquid assets.
Since the reserve requirement is 25%, a new deposit of $1,000 leads to a potential will lead to an increase in the money supply of $4000. This was calculated thus:
= $1000 / 25%
= $1000 / 0.25
= $4000
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