Answer:
Long term liability
Explanation:
Long term liability is defined as the amount of money a business owes that is due above a year. It is liabilities that do not affect the current liquidity of the business and its ability to do business.
In this scenario Chestelle Corporation has borrowed a large amount of money that is due in 4 years. It is due in over a year so it is a long term liability.
Long term liabilities are usually used to purchase capital assets or to make long term investment
Answer:
The correct answer is A.
Explanation:
Giving the following information:
July 1: Beginning Inventory 31 units at $16 $496
July 7: Purchases 109 units at $16 $1744
July 22: Purchases 16 units at $17 $272
A physical count of merchandise inventory on July 30 reveals that there are 39 units on hand.
FIFO (first-in, first-out)
Units sold= (31 + 109 + 16) - 39= 117
COGS= 31*16 + 86*16= $1,872
Answer:
C
Explanation:
FDIC gives insurance to depositors. it promises to pay back a certain amount of the deposits of a banks customers in the case where a bank fails. As a result of this insurance banks have a greater incentive to take on more risky projects because they know that their customers would be protected even the project goes sour and the bank fails.
Due to the services of the FDIC, less depositors have lost money when a bank fails because of the insurance services they provide to depositors.
