A note payable is a financial document considered a liability that represents that it records that the company that signs it has the obligation to pay on the specific date.
<h3>What is a note payable?</h3>
It is a document that commits its issuer (the company) to pay a certain amount, within a specific period.
Its characteristic is the exchange action, which refers to the document being returned to the subscriber in exchange for payment.
Therefore, we can conclude that a note payable is a financial document considered a liability that represents that it records that the company that signs it has the obligation to pay on the specific date.
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Answer:
unlimited, changing, and competing
Explanation:
Answer:
The number of RVs must be sold to attain the target profit before taxes: 130 units
Explanation:
The number of units must be sold to meet the target profit figure are calculated by using following formula:
The number of units must be sold = (Total fixed cost + Targeted profit) / Contribution margin per unit.
RV USA estimates target profit before taxes of $150,000. Unit contribution margin is $5,000 and fixed costs are $500,000.
The number of units must be sold = ($500,000 + $150,000)/$5,000 = 130 units
Macroeconomics explains the behavior of individual households and business firms; microeconomics is concerned with the behavior of aggregates or the economy as a whole False.
A member of a business organization that owns or operates one or more branches. "He worked for a brokerage firm," a housing company, a corporation - a trading company whose articles of incorporation are approved in any state. Product design and reliability, services provided by the product, and ease of access. Products; Prices - Each firm faces its own downward slope demand curve as they produce differentiated products.
- Natural resources: Anything taken directly from nature without prior transformation (soil, air, water, wood, etc.).
- Capital: Funds required to invest in tools, machinery, equipment and technology.
- Human Resources: The physical and mental capabilities of workers.
- Entrepreneurship: Innovative ideas that shape business models.
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Answer:
B. value of the country's exports minus the value of its imports
Explanation:
That is the definition of net exports in economics: the value of a nation's total exported goods and services minus the value of all imported goods and services (NX = EX - IM)
Net exports could be positive or negative, depending on whether exports are larger or smaller than imports
It is seen frequently in talking about GDP, with the national income of an open economy being the sum of Governemnt Spending, Consumption, Investment and Net Export (Y = G + C + I + EX - IM)
