Answer:
Solvency
Explanation:
Solvency is defined as the ability of a company to meet it's long term financial obligations like having the ability to pay off debts as they mature. Solvency measures if a company is able to pay off it's debt in long term.
Although solvency and liquidity are similar, difference is liquidity is more concerned with paying off short term debts.
A company or firm is said to be solvent when the current assets exceeds current liabilities.
Answer:
Price is greater than the average variable cost in the short run the firm will Continue to operate.
Explanation:
Total Revenue = price quantity sold = $5 × 70
= $350
Total Cost = (Average variable cost + Average fixed cost) × Quantity
= ($7 + $2) × 70
= $9 × 70
= $630
Therefore,The total revenue of the company is less than its total cost which means that the company is incurring losses. However, a firm should function in the short run as long as its price meets the average cost of the product.
In this case, the price is 5 dollars and the average variable cost is 7 dollars. So, price is greater than the average variable cost in the short run the firm will Continue to operate.
Answer:
The revenue must be realized or realizable, or earned.
Explanation:
In the year 2000, the US census showed that 9.1% of those over 75 had not married so the percentage is relatively low and from 75-84 yrs old, about 50% were still married, 40% were widowed and 5.4 % were divorced.