Answer:
Current liabilities $2320000; Long-term Debt, $1740000
Explanation:
Calculation to determine what The proper balance sheet presentation on December 31, 2020, is:
Current Liabilities will be $2320000 of notes payable
Hence,
Current liabilities $2320000
Long -term Debt =$2320000-$580000
Long -term Debt=$1740000
Therefore The proper balance sheet presentation on December 31, 2020, is:
Current liabilities $2320000; Long-term Debt, $1740000
Answer:
The correct answer is option a.
Explanation:
The law of comparative advantage states that a country should produce and export that product in which it experiences comparatively lower opportunity costs. The countries will be said to be specializing in the production of goods and services that they can produce at a relatively lower opportunity cost.
If two countries produce and exchange the goods they specialize in, they will be able to jointly produce more and consume more than they could individually.
Answer:
Land, Equipment, and Inventory will be restated on the closing date i.e. December 31, 2020. The rate of the currency exchange from local to foreign currency for equipment is on the day of purchase which is February 1, 2020.
Explanation:
1-Balance sheet items are restated on the closing date.
2-P & L items are restated on the transaction date.
As the items Land, Equipment and Inventory are all the balance sheet items, thus they will be stated on the closing date i.e. December 31, 2020.
Furthermore, the functional currency is foreign currency. Since the equipment is purchased in the domestic currency it has to be translated into the foreign currency at the rate as on the date of purchase i.e; February 1, 2020.
Answer:
C) the demand curve for a college education has shifted rightward
Explanation:
If college enrollment has also increased, it means the demand for college education has increased. The demand curve for a college education has shifted rightward.
I hope my answer helps you
Answer: C) and D) answers.
Explanation: The rental market must have a free operation, that is, supply and demand have to set their price level, especially since, in this case, the product is not fungible, that is, it is not interchangeable. Each floor varies in location, number of square meters, construction qualities, etc. You cannot set a fixed reference price. Another of the most repeated consequences by experts is that the limitation will cause a reduction in supply, but demand will not go down, which will necessarily lead to greater tension in rental prices.
