Answer:
True
Explanation:
Manuel's willingness to pay versus the actual cost of something is defined as consumer surplus.
Consumer surplus = the maximum price that Manuel is willing to pay for the antique car - actual price of the antique car.
If consumer surplus is negative, then Manuel (or anyone else) will not be willing to purchase the car or any other good or service. Consumers will only purchase a good or service if their consumer surplus is ≥ 0.
Answer:
a. due and to be paid out of current assets within one year
Explanation:
Current liabilities are the financial obligations that a business has to pay within one year and they can include short-term debt, dividends payable and accounts payable. These obligations are usually paid using current assets. So, according to this, the answer is that current liabilities are due and to be paid out of current assets within one year.
Answer:
shortage of supplies lack of demand or the lack of interest in the economy
Answer:
$500
Explanation:
2012 Income Statement
Revenue $2,000
<u>Expenses</u>
Wages incurred and paid $500
Salaries $400
Interest on bank loans <u>$600</u> <u>$1,500</u>
Net Income <u>$500 </u>
So, the amount of $500 will be shown as Net Income on the 2012 Income Statement.
