Answer:
The answer is D.
Explanation:
Current liability is the obligation or liability that are due within a year(12months). Example, accounts payable
Long-term liability is the obligation that has a life span of more than a year(i.e it takes more than a year to settle them). Example, bonds.
The opening balance for debt January 1 2022 is $68 million.
$14 million is a curren asset asset because it will be repaid within 2022 calendar year(within a year) while $54million($68 million - $14million) will definitely be a long-term liability.
-Debit cash $4,000
-credit paid-in capital excess par value $1,900
-credit preferred stock $2,100
Hope it helped
It is True, based on asset intensity, that for every $100 increase in sales, Chemical manufacturer DuPont would need about $100 in additional assets.
<h3>What is asset intensity?</h3>
The asset or capital intensity is a measure of the amount of assets needed to produce some dollars of sales revenue.
The asset intensity ratio is obtained by dividing the total assets by sales.
Thus, it is True, based on asset intensity, that for every $100 increase in sales, Chemical manufacturer DuPont would need about $100 in additional assets.
Learn more about the capital intensity ratio at brainly.com/question/13887805
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<span>A rise in the price of electric razors result in an increase in demand for nonelectric razors because consumers would rather choose to buy a product with lower cost having the same effect as compared to the product with the higher price. Buying the nonelectric razor would save them money while still having the same output.</span>
Answer:
B. one firm has the exclusive ownership of a scarce resource.
Explanation:
Monopoly can be regarded as market structure whereby a single seller thrives, this is a structure whereby the seller sells a unique product in the market. As far as monopoly market is concerned, no competition is been encontered by the manufacturer , because he is the only one selling goods with no close substitute. As a result of this there is restrictions of the entry of other sellers in the market.
It should be noted that monopoly may exist because one firm has the exclusive ownership of a scarce resource.
