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Marina86 [1]
3 years ago
10

Expenses payable always treated as current/ fixed assets. Is it true or false?

Business
1 answer:
netineya [11]3 years ago
8 0

Answer:

False

Explanation:

This is an example of a current liability and not assets.

To explain this , assets are anything owned as a result of past activities that result into inflow of economic benefits while liabilities are obligation that arose as a result of pat activities that result into outflow of economic benefit.

Current assets or liabilities are expected to be settles within twelve months / a normal operating cycle of the business activities while the non - current are for a longer period.

Expenses payable are liabilities that are current in nature as it is expected to be settled within a business year.

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4 years ago
The federal reserve system can do all of the following except:_______
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The Federal Reserve System can do all the given options except A. lender of last resort for consumers.

<h3>What does the federal reserve system do?</h3>

The federal reserve system of the United States is the central bank of the nation and as such, they engage in services like check clearing and regulating the money supply.

They also act as a lender of last resort to banks in order to ensure that they don't fail. The Fed does not lend money to consumers directly so this is not one of their roles.

Options for this question:

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Find out more on the roles of the Federal Reserve at brainly.com/question/14417722

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4 0
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For widgets, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping
cluponka [151]

Answer:

The dead-weight loss from the tax is $2,250

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Total social economic benefit is the sum of:

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When tax is imposed, quantity is reduced, price increased to P2 for consumer, P0 for supplier.

The part of the loss from consumer and producer surplus is compensated with the revenue from tax.

The other part (red triangle) is the dead-weight loss. Its amount is given by the area of the triangle with:

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S = \frac{1}{2} \times 15 \times 300 = 2,250

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