According to Foolproof, by not negotiating the price of your first car purchase, you have a $1,000 "bad" money burn. How long wo
uld it take you to earn back the thousand dollars you just threw away if you take home $10.00 per hour? State in terms of how many hours it would take to earn back that money, and explain how you calculated this answer.
Accrued expenses are those liabilities that have built up over time and are due to be paid. Accrued expenses are considered to be current liabilities because the payment is usually due within one year of the date of the transaction. Accounts payable are current liabilities that will be paid in the near future.
