The amount of current liabilities is $23,600
Current liabilities refers to liabilities of a company that have to be settled in cash within the fiscal year.
The current liabilities here are Deferred revenue, Accounts payable and Interest payable. Note that notes payable are due in more than 12 months, so, these are not a current liability.
Amount of Current Liabilities = Deferred revenue + Accounts payable + Interest payable
Amount of Current Liabilities = $4,300 + $13,700 + $5,600
Amount of Current Liabilities = $23,600
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Answer:
arc price elasticity = -1.64
Explanation:
arc price elasticity = (change in quantity x average price) / (change in price x average quantity)
- change in quantity = 7,400 - 10,000 = -2,600 units
- average price = ($2.50 + $3) / 2 = $2.75
- change in price = $3 - $2.50 = $0.50
- average quantity = (10,000 + 7,400) / 2 = 8,700 units
arc price elasticity = (-2,600 x $2.75) / ($0.50 x 8,700) = -7,150 / 4,350 = -1.64
The answer is Sullivan Principles. General Motors embraced what came to be named as Sullivan principles. This is name after Leon Sullivan which is also a member of GM's Board of Directors. Sullivan contended that it was morally right for GM to function in South Africa so long as two circumstances were satisfied. First, the company should not follow the apartheid laws in its own South African operations. Second, the firm should do all within its power to endorse the elimination of apartheid laws.
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