Answer:
$15,000
Explanation:
In leo company books, the gain recognized would be $75,000 - $60,000 = $15,000 as they are selling the land $15,000 more than it initially cost them
Answer: Competitive advantage
Explanation:
- The competitive advantage is one of the type of competition in the business where the organization are offering various types discount offers, promoting their goods and the services in low price with high quality to the customers due to the competitors in the market.
- The products and the services is produced by the company at low price on the basis of the demand and the requirement of the consumers.
According to the given scenario, the advertisement for the ground coffee is one of the example of competitive advantage as it helps in communicating with the customers in the market due to its ow price and high quality.
Therefore, Competitive advantage is the correct answer.
Answer:
1. Account receivable.
2. Other receivables.
4. Notes receivable.
5. Maturity date.
Explanation:
1. Account receivable: the right to receive cash in the future from customers for goods sold or for services performed. Accounts receivable can be defined as an account which gives information about legally enforceable monetary claims that are to be recovered by a company from a customer who is yet to make payment.
2. Other receivables: a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future.
3. Debtor: the party who receives a receivable and will collect cash in the future.
4. Notes receivable: a written promise to pay a specified amount of money at a particular future date.
5. Maturity date: it is the date when the note receivable is due.
Answer:
$6,712,053
Explanation:
Total current assets:
= cash and marketable securities + Inventory + accounts receivables + Other current assets
= $1,235,455 + $7,149,800 + $3,465,300 + $121,455
= $11,972,010
Total current liabilities:
= accounts payable + short-term notes payable
= $4,159,357 + $1,100,600
= $5,259,957
company's net working capital:
= Total current assets - Total current liabilities
= $11,972,010 - $5,259,957
= $6,712,053
If the government imposes a price ceiling of $4. The quantity purchased by consumers in this market would decline from 4 to 2.
A price ceiling is a situation in which the calculated price is above or below the equilibrium price determined by the market forces of supply and demand. Higher price caps have been shown to be ineffective. It turns out that price caps are very important in the residential rental market.
A price ceiling is the legal maximum price you can pay for goods or services. Governments set price caps to keep the prices of essential goods and services affordable. For example, when Hurricane Katrina hit in 2005, the price of bottled water exceeded $5 a gallon.
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