All categories

3 years ago

Which of the following is a typical current liability?

Business

1 answer:

Anestetic [448]3 years ago

6 0

Answer: Option B

Explanation: In simple words, current liabilities refers to the obligations and promises that an entity has to pay within a year. These liabilities usually arise due to the need of an organisation to fulfill their short term requirements to operate the business efficiently.

These liabilities are of critical in nature as they directly affects the liquidity of the business. In the given case, sales tax payable is the only obligation that must be fulfilled with a year. Hence it is a current liability.

You might be interested in

Match each event with the correct description of the company’s use of social media.

Nostrana [21]

<span>The answers are as follows:</span>

<span>1. A company that makes cleaning products gives bloggers a new cleaning kit before the product is on the market: This company used social media to create consumer awareness about a new product.

2. A company hosts a sweepstakes on a social media site and gives the winners a lifetime supply of detergent: This Company used social media to increase brand loyalty.

3. An appliance company releases videos of its new, high-tech manufacturing facility: This Company used social media to give
consumers a peek into its operations</span>

<span>4. A fast food chain asks consumers to determine the next drink flavor using the hashtag #NEWDRINK: This Company used social media to allow consumers to be part of product development</span>

3 0

3 years ago

Read 2 more answers

Jasper Company has 70% of its sales on credit and 30% for cash. All credit sales are collected in full in the first month follow

hjlf

Jasper Company Cash Receipts Budget shows the estimated cash receipts from customers and other sources.

<h3>Cash Receipts Budget for April, May, and June:</h3>

April May June Total

Cash Sales 30% $157,500 $160,500 $168,000 $486,000

Credit Sales 70% 400,000 367,500 374,500 1,142,000

Total $557,500 $528,000 $542,500 $1,628,000

Calculations:

a) Cash Sales for April = 30% of April Sales = 30% * $525,000 = $157,500. The difference of 70% is received in May.

b) Sales received on account for April = 100% of Accounts Receivable = $400,000.

c) Cash Sales for May = 30% of April Sales = 30% * $535,000 = $160,500. The difference of 70% is received in June.

d) Cash Sales for June = 30% of April Sales = 30% * $560,000 = $168,000. The difference of 70% is received in July.

To learn more about cash receipts visit the link

brainly.com/question/15561219

#SPJ4

3 0

2 years ago

Car X can come with any of these 5 additional features: sunroof, stereo, tinted windows, leather seats and cruise control.

Law Incorporation [45]

This question is incomplete! here is the complete question with answer!

Car X can come with any of these 5 additional features: sunroof, stereo, tinted windows, leather seats and cruise control.

Quantity A : Number of different combinations possible

Quantity B : 25

A The quantity in Column A is greater

B The quantity in Column B is greater

C The two quantities are equal.

D The relationship cannot be determined from the information given.

Answer:

A The quantity in Column A is greater

Explanation:

Lets first analyze the number of different combinations possible!

To find out the combinations we use the following formula:

The number of ways to choose a sample of r elements from a set of n distinct objects where order does not matter.

$nCr=\frac{n!}{r!(n-r)!}$

Car X can have these 5 features: sunroof, stereo, tinted windows, leather seats and cruise control.

Car X has 2 options for each feature: Included or Not included

If car X has no feature at all then:

$5C0=\frac{5!}{0!(5-0)!}=\frac{5!}{0!*5!}=1$

If car X has 1 feature included then:

$5C1=\frac{5!}{1!(5-1)!}=\frac{5!}{1!*4!}=5$

If car X has 2 features included then:

$5C2=\frac{5!}{2!(5-2)!}=\frac{5!}{2!*3!}=10$

If car X has 3 features included then:

$5C3=\frac{5!}{3!(5-3)!}=\frac{5!}{3!*2!}=10$

If car X has 4 features included then:

$5C4=\frac{5!}{4!(5-4)!}=\frac{5!}{4!*1!}=5$

If car X has all of the 5 features included then:

$5C5=\frac{5!}{5!(5-5)!}=\frac{5!}{5!*0!}=1$

Now sum all the possible combinations: 1+5+10+10+5+1=32

So, quantity A is 32 and quantity B is 25

Therefore, we can conclude that the quantity in column A is greater

8 0

3 years ago

The maximum distance people are willing to travel for a service is

ladessa [460]

Answer:

Range

Explanation:

Range is the term which is used to describe the maximum distance which the consumers or customers are prepared or willing to travel in order to acquire the goods or to use a service.

It is because at some point, the expense or the inconvenience which will outweigh the requirement of the good.

And there are two types of range, one is small rage and other is large range.

Small range is the range which the people are willing to go only a distance which is short for the everyday consumers services like the pharmacies, grocery. While the large range is the range which will people travel the longer distances for the other services like ball game.

6 0

3 years ago

Online and offline marketing content is meant to drive action, which requires a focus on buyers problems. Effective brand journa

Elena-2011 [213]

Answer:

Stories

Explanation:

Stories are the stuffs that the people hear about and like to discuss about. Stories are part of the organization culture and are a good means for an organization to affect customer choices because the issues of the customers are highlighted which helps organization to rectify its operations.

7 0

3 years ago