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Fudgin [204]
3 years ago
14

The key distinction between current liabilities and long-term liabilities is:

Business
1 answer:
Alexxx [7]3 years ago
8 0

Answer: Option C

Explanation: Current liabilities can be defined as those obligations of the company that are to be satisfied within one year or one operating cycle.

On the other hand, long term liabilities are those obligations which are due in a longer time period, that is, more than a year or operating cycle.

Thus, from the above we can conclude that right answer is Option c.

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Labor costs that are clearly associated with employees who directly convert materials to finished product are called:
wariber [46]

Labor costs that are clearly associated with employees who directly convert materials to finished product are called direct labor

<h3>What is direct labor?</h3>

Direct labour are labor that are used for production.

It includes casual workers in factory, processing and packaging.

Therefore, Labor costs that are clearly associated with employees who directly convert materials to finished product are called direct labor

Learn more on direct labor below

brainly.com/question/25803580

#SPJ1

8 0
2 years ago
Chronic bronchitis results in the production of what substance
Grace [21]
Chronic bronchitis is an inflammatory condition that results in excessive production of mucus in the large or main bronchial air passages resulting in reduced airflow and shortness of breath.
8 0
3 years ago
As a new​ controller, reply to this comment by a plant​ manager: "As I see​ it, our accountants may be needed to keep records fo
fiasKO [112]

Answer: Accountants play major role in firms in handling financial records and auditing. Managers know financial information based on either background knowledge or learning on the job

Explanation:

The accountants are valuable to the organization because they monitor the monetary information that concerns the firm, they handle how cash come in and keep track of how they are spent, all these makes them valuable even to the extent of auditing information as regarding the firm. Managers might understand financial information either based on how they monitor what occurs in the organization or what they learnt in from college. But it's unsafe for the managers to handle financial situation without the aid of a professional accountant.

6 0
3 years ago
Assume that a​ firm's marginal cost is​ $10 and the elasticity of demand is minus2. We can conclude that the​ firm's profit-maxi
inysia [295]

Answer:

Option A. $20

Explanation:

Marginal cost be MC, marginal revenue be MR and . We know that

MR = ∆TR ÷ ∆Q

or

MR = (P∆Q+Q∆P) ÷ ∆Q

Here,

P is Profit-maximizing price

or

MR = (P∆Q ÷ ∆Q) + (Q∆P ÷ ∆Q)

or

MR = P + (Q∆P ÷ ∆Q)

we can also write the above equation as

MR = P + P(\frac{Q}{P})(\frac{\Delta P}{\Delta Q})

also,

Price elasticity of demand PED =  (\frac{Q}{P})(\frac{\Delta P}{\Delta Q})

or

MR = P + [ P ÷ (PED) ]

We know MR = MC

Therefore,

MC = P +  [ P ÷ (PED) ]

(P − MC) ÷ P = −1 ÷ PED

Substituting the values provided in the question

MC = $10

PED = -2

we get

P = [ PED ÷ (1 + PED)] × MC

P = ( -2 ÷ -1) × 10

or

P =$20

hence,

Option A. $20

7 0
3 years ago
According to the FASB’s conceptual framework, the quality of information that enables users to identify similarities in and diff
ehidna [41]

Answer:

A) Comparability.

Explanation:

According to FASB, the objective of financial reporting is to provide information that is useful to existing and potential investors or creditors. One of the main uses given to financial reports is comparing one business to another. In order for the reports to be comparable, they must follow strict standards and be properly prepared.

If the reports aren't comparable, they use is extremely limited, since how else can you decide if investing in company A is a better idea than investing in company B. Comparability applies even to the same company, since you must be able to compare the financial results of different years in order to evaluate the performance of the company.  

6 0
4 years ago
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