Answer:
$ 96,060
Explanation:
The current assets are accounts receivable,cash and inventory.
The are short term assets that are used in settling short term obligations such as accounts payable and salaries payable.
Accounts receivable amounted to $14,025
Cash amount is $35,235
Inventory is worth $46,800
Current assets value=$14,025+$35,235+$46,800=$ 96,060.00
The correct option is the second one with amount of $ 96,060 for current assets
Treaties are written agreements among states that serve as the most important source of international law.
<h3>What are Treaties?</h3>
- A formal, written agreement that is enforceable under international law is known as a treaty.
- It is often made by and between sovereign governments and international organizations, however, it can occasionally involve individuals, corporate bodies, and other kinds of legal persons.
- Among other names, a treaty is often referred to as a protocol, covenant, convention, pact, or exchange of letters on a global scale. International law, however, only classifies agreements as treaties if they are enforceable by all parties.
- The first recorded instance of a treaty is a border agreement between the Sumerian city-states of Lagash and Umma in the vicinity of 3100 BC. Treaties are among the earliest examples of international interactions.
- Most major civilizations utilized some kind of international agreement, and over the early modern age, both their sophistication and number increased.
To learn more about Treaties refer to:
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Answer: The Price Elasticity of demand is Inelastic at 0.05
Explanation: Elasticity of demand is the degree of responsiveness of price to quantity demanded.
Using the equation; Q= 17-2P+3P/S
Where P = $0.60; P/S = $2.40
Q = 17 - 2 (0.60) + 3 (2.40)
= 17 - 1.20 + 7.20 = 23
Price elasticity of demand at Price = $0.60 is change in price x Price/ quantity
Therefore; -2 × 0.6/23 = -0.05
Using absolute value, the Price elasticity = 0.05
This is inelastic because demand is less than 1.
