Answer:
b. Atrocious
Explanation:
many injuries and low wage
Increase real GDP and the price level.
The correct answer would be : The Four C's Of Lending
I hope that this helps you !
Loans can be a good and bad thing if you either need the money to get more money or to pay off a mortgage but it can be bad since the bank takes half of the remaining profits you generate. Interests rates can be bad if you dont pay off loans in time.
Answer:
a. Profit(loss) = Total revenue - Total expenses
= 131,000 - 90,500
= $41,000
The company did in fact generate<u> profit of $41,000 </u>and this can be shown from the Income Statement which is where profit or loss is calculated.
b. A company uses its assets to pay off its liabilities so if the liabilities are less than the assets then the company is capable of paying off its liabilities:
Assets = Cash + Accounts Receivable + Supplies
= 30,800 + 25,300 + 40,700
= $96,800
Liabilities are just the Accounts Payable of $25,700.
<em>Liabilities are less than Assets so Miami Music does indeed have sufficient resources to pay its liabilities. </em>
This information comes from the <u>Balance Sheet</u> which is where assets and liabilities are shown.
