Answer:
C
Explanation:
The short term amount due (within the next fiscal year) is classified in the current liability section while the amounts due in years 2-5 would be reported in the long term section. Interest is always an expense and never reported on the balance sheet.
Answer:
The price of fertilizer must be greater than average variable cost.
Explanation:
- Being a perfectly competitive market the prices of the fertilizers will rise. As the forms are making economic losses the prices must be greater the average variable costs.
A natural monopoly, such as a local electricity provider, is the result of long run average total costs declining continuously as output increases. The correct option among all the options that are given in the question is option "3". The initial cost of power generation and power distribution cost is high. Once the generation starts and the number of consumer increases, the average cost starts declining.
Answer and Explanation:
1. The product cost involved all the manufacturing cost i.e. direct cost that includes direct material, direct labor, manufacturing overhead etc
2. The period cost involved non-manufacturing cost i.e. indirect cost like rent expense, fixed selling & admin expenses, depreciation expense, etc
Therefore for 1 the option c is correct and for 2 the option b is correct