Disagree. Liabilities can be met in ways other than money.
In accounting, a liability is a debt that is owed and must be payed with money, but there are also legal liabilities and other obligations that are not monetary.
Answer:
Answer of the question :
"For the final piece of your Portfolio Project, you will reflect upon the course and how it directly relates to your future workplace. This reflection will be delivered as a Word document 1-2 pages in length. For this reflection: a) Analyze the importance of this project to your future career. b) In your own words reflect on how this project meets the Program and Institutional outcomes as stated on the first page."
is explained in the attachment.
Explanation:
Answer:
The equilibrium quantity will decline. The equilibrium price depends upon the extent of change in demand and supply.
Explanation:
When consumer items go out of style their demand decrease. This causes the demand curve to shift leftwards. At the same time, the production of such items s stopped. This further causes the supply to decrease. The supply curve, as a result, shifts leftwards.
This leftward shift in both demand and supply curve will lead to a decline in the equilibrium quantity. The change in price depends upon the extent of change in demand and supply.
About 18.65 million iphones were sold
Answer: 214800
Explanation:
The number of units that should be produced in January, 2013 in order for the company to meet its goals will be:
= Budgeted sales + Ending inventory - Beginning inventory
= 204000 + (240000 × 30%) - 61200
= 204000 + 72000 - 61200
= 214800
Therefore, 214800 units should be produced.
