Radio:What is an example of a long-term liability?

2 answers:

7 0

In accounting, the long-term liabilities<span> are shown on the right wing of the balance-sheet representing the sources of funds, which are generally bounded in form of capital assets. Examples of </span>long-term liabilities<span> are debentures, mortgage loans and other bank loans.

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Lyrx [107]4 years ago

7 0

Long-term liabilities are those that do not need to be paid in full for a longer period of time (more than one year). This may include a mortgage, education expenses, or car loans that are paid off over several (or more) years. Mortgage is the answer

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Travis International has a debt payment of $2.34 million that it must make 6 years from today. The company does not want to come

Nataliya [291]

Answer:

$27,692.31

Explanation:

Principle amount = $2.34 million = $2,340,000

Time, n = 6 years = 72 months

Rate of interest = 5.33%

Monthly rate of interest, r = 5.33% ÷ 12 = 0.44% = 0.0044

Compounded monthly

FV of Annuity = ( Monthly deposits ) × { [ ( 1 + r )ⁿ - 1 ] ÷ r }

$ 2,340,000 = ( Monthly deposits ) × { [ ( 1 + 0.0044 )⁷² - 1 ] ÷ 0.0044 }

$2,340,000 = ( Monthly deposits ) × { [ 1.3718 - 1 ] ÷ 0.0044 }

$2,340,000 = ( Monthly deposits ) × [ 0.3718 ÷ 0.0044 ]

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3 years ago

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maria [59]

Answer:

Scarce resources.

Explanation:

A major reason for studying Economics is to gain an understanding of how a nation can best choose to use its scarce resources and how we must make rational decisions in order to move toward a higher standard of living for all. Some of these scarce resources include money, time, land, labor, capital and entrepreneurship. If these resources are not well managed, it usually results in an economic downturn, recession and inflation which are typically a negative factor for good standards of living for the people living in the particular country.

Hence, a proper allocation of scarce resources would improve the standards of living in a country.

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Colt1911 [192]

Answer:

government contracting
advocacy
entrepreneurial development
access to capital

Explanation:

SBA is a US government agency whose core mandate is to support the growth of small businesses. The Small Business Association(SBA), promotes economic growth by providing useful resources and information to help them start and develop small businesses.

The SBA supports the advancement of small businesses in the following ways.