Answer:
Both debts ($11,000 + $16,000), totalled $27,000 will be classified as the Current Liabilities (CL) in the balance sheet.
Explanation:
Liabilities could be classified or recognized as the current or the long term liabilities on the balance sheet grounded on when they are expected to be satisfied.
Liabilities which are expected to be satisfied within one operating cycle or 12 months, which ever is longer and satisfied by using the current assets are recognized as the current liabilities. And all other liabilities are known as long term liabilities.
Under this case, the operating cycle is 18 months, which is the dividing line among the long and current term. So, both the liabilities are current liabilities as are satisfied within the duration of 18 months.
Answer:
The correct answer is: conscious strategic decisions made by the company.
Explanation:
Finnish Company Nokia reported a $1,36 billion loss in sales by 2009 because of the decrease of 20% in sales worldwide during that year and 25% only in the United States the previous year. Even if the company is trying to recover nowadays, the emerging of new technology and competitors is still a struggle for the firm. Back in 2009, they were forced to give up part of their market share in order to restructure the company. This represents a well-thought strategy carried out by them if they wanted to still be in the business.
Answer:
Information Age and labor saving innovation in manufacturing.
Explanation:
The Service economy can be defined as the economy which centers at giving the service than producing goods. A country that provides a service economy is able to earn more from the service sector than other sectors such as manufacturers.
The investment in the service economy is cheaper than other sectors and is comprised of <u>freelancers and entrepreneurs such as doctors, lawyers, professors, etc.</u>
<u>The factor that has led to this shift in countries to a service economy is because of the increase in demand for services in education and Information Technology. And also because of the labor-saving innovations</u>.
Thus the correct answer is the first option.
