Answer:
$2,640,000
Explanation:
Given the above information,
Creditor's claim is computer as
= Assets - Common stock - retained earnings
Given that
Assets = $4,345,000
Common stock = $1,076,000
Retained earnings = $629,000
Creditor's claim on their asset = $4,345,000 - $1,076,000 - $629,000
= $2,640,000
The statement is false. According to Ten Principles of Economics the statement is false.
Among the Ten Principles of Economics is that a nation's ability to generate products and services determines its standard of living. Only a country that can create a lot of products and services can have a high level of living. Since American workers are more efficient than Nigerian workers, Americans have a higher standard of living. Because Japanese employees' productivity has increased more quickly than that of Argentine workers, the Japanese have experienced a higher rate of living standard growth. George Mankiw's book Principles of Economics lays out a fundamental set of rules that are economically sound theories that can be verified.
Countries that have had higher output growth per person have typically done so without higher productivity growth.
True
False
Learn more about ten principles of economics here:
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Answer:
If $5,000,000 is awarded to its customer, Brian is personally responsible for paying all of it.
Explanation:
Sole proprietorship ownership is the most prosperous business to establish. A person who owns the company makes all the business decision by himself, gets all the profits, and incurs all of its losses is called a sole proprietorship business organization. According to the definition and the question, as Brian is the owner of Long Voyage, she is responsible for paying damages.
Answer:
Unearned Service Contracts Revenue = $330,000
Explanation:
Unearned Service Contracts Revenue refers to the expected revenue from a contracts been carried and has yet been paid.
Unearned Service Contracts Revenue for 2010 = $100,000, for 2011 = $160,000 and for 2012 = $70,000
Unearned Service Contracts Revenue = $100,000 + $160,000 + $70,000
Unearned Service Contracts Revenue = $330,000
