Answer:
Fragmented Retail system
Explanation:
A fragmented retail system can be defined as a market in which no firm can has or can exert any influence to move the market in a particular direction.
This simply means that a fragmented retail system is one in which no product or firm has a grip or major share in the market. This leaves the market to a lot of small and medium scaled businesses competing with larger companies.
From the question, it can be seen that there a lots of small stores that serves the neighborhood. This means that the small shops cater for the needs of people within its vicinity such that there isn't any need for visiting larger stores.
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Bonds payable that are <u>long-term obligations</u> are typically recorded on the balance sheet.
<h3><u>How do long-term liabilities work?</u></h3>
Long-term liabilities are debts owed by a business that won't be paid off for at least a year. To give a clearer picture of a company's present liquidity and its capacity to meet its obligations as they come due, the current part of long-term debt is broken out separately from other debt.
Long-term liabilities are also referred to as noncurrent liabilities or long-term debt. The balance sheet's part that may include debentures, loans, deferred tax liabilities, and pension obligations is where long-term liabilities are stated following more immediate liabilities.
Liabilities that are greater than one year in duration or that are not due within the next 12 months are referred to as long-term liabilities. The time it takes a business to convert its inventory into cash is known as its operational cycle.
Learn more about long-term liabilities with the help of the given link:
brainly.com/question/17283456
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What can happen if you miss a monthly credit card payment is that you will be charged a late fee, and you can also lose rewards points.
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Answer:
Cor's share of Cor-Eng's 20X1 net income is $60,000
Explanation:
Partnership Table
Cor$ Eng$ Total$
Ratio 60% 40% 100%
Assets 60,000 20,000 80,000
Goodwill 40,000 40,000
Initial Capital balance 60,000 60,000 120,000
Add: Net income 15,000 10,000 25,000
Less: Drawing -3,000 -9,000 -12,000
Year End balance 72,000 61,000 133,000
