Resources is referred to as the available asset that can be used for
further purposes may it be for business or consumption. This is what
determines the balance between the production and consumption for
without these, production would not be possible and if nothing is
produced, nothing would also be consumed. Resources come in different
forms and each has its own availability. Answer for this would be C.
Answer:
Long term debt requires a payout of cash within a stated time period.
Explanation:
When entering into a long term debt, there are terms and conditions like interest to be charged and payment terms so obviously there is an expected cash payout to repay the debt at a stated time period.
A licensee who assists one or more parties through a transaction without being an agent for any party to the transaction is a <u>Statutory broker.</u>
<h3>What is a Statutory broker?</h3><h3 />
A statutory broker refers to a broker or a salesperson that is able to assist the parties in a transaction even though they are not an agent for either of the parties in the transaction.
Statutory brokers have regulations that they must follow however and in certain states, they need to be residents of a state.
Find out more on brokers at brainly.com/question/17085854
#SPJ1
<span>FDIC insures deposits up to $250,000 per person per bankAll credit unions and retail banks provide FDIC-insured accounts,Both A & B <span>Neither A nor B</span></span>
Answer:
$38,000
Explanation:
in order to determine gross profit we must prepare the following:
total revenue $156,000
-cost of goods sold ($110,000)
-sales discounts ($3,000)
<u>-sales returns & allow. ($5,000)</u>
gross profit $38,000
operating expenses ($33,000) are not included in the calculation of gross profit
