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.
This is the full statement: According to Wolfman 'brands that will thrive will be those like pizza hut, that can efficiently build sustainable relationships with people, relationships that have both high trust and high transaction. The answers are trust and transactions.
It’s asking whatever the market would pay.
Answer: $80
Explanation:
From the question, we are informed that prior to May 1, Fortune Company has never had any treasury stock transactions and that a company repurchased 160 shares of its common stock on May 1 for $8,000. The price per share will be:
= $8,000/160
= $50 per share
The balance in paid capital as at May 1 will be 0.
On July 1, it reissued 80 of these shares at $52 per share. This means that there is an increase of ($52 - $50) = $2 per share.
The balance paid on capital as at July 1 will be:
= $2 × 80
= $160
On August 1, it reissued the remaining treasury shares at $49 per share. This mean that there is a reduction of $1 per share.
The balance paid on capital as at August 1 will be:
= -1 × $80
= -$80
The balance in the Paid-in Capital, Treasury Stock account on August 2 will now be:
= $160 - $80
= $80
Answer:
D. Economics does not use theories.
Explanation:
Economics is the study of : limited resource allocation, having alternative uses - to satisfy unlimited wants.
Economics is both a science (empirical science) & art (social science).
Economics has generally accepted rules & laws, based on experimentation - like Empirical Science. Eg: Law of Demand stating inverse relationship between price & quantity demanded.
Economics has subjective application essence to solve economic issues - like Social Science / art. Eg: Contractionary monetary policy (reducing money supply) to solve inflation (high price level)