All $27,000 in debt should be classified as current liabilities. Since the current liabilities section of the balance sheet encompasses obligations that are due to be fulfilled in the near term, and includes amounts relating to accounts payable, incomes, utilities, taxes, short-term loans, and so forth.  Current liabilities are debts that are due to be compensated within one year or the operating cycle, whichever is longer.
        
             
        
        
        
Answer:
The answer is B. is designed to match revenues and expenses. 
Explanation:
Accrual Accounting method records revenues and expenses when they are incurred, regardless of when cash is received or paid.
 
        
             
        
        
        
Answer:
$259.34
Explanation:
the value of the stock can be determined using the two stage dividend discount model. 
In the first stage, the present value would be determined using a discount rate of 18%. 
In the second stage, the present value would be determined using a discount rate of 6%. 
Values from the first and second stage would be added together to determine the value of the stock
First stage
Present value in year 1 = ($3.2 x 1.18) / 1.087 = $3.47
Present value in year 2 = ($3.2 x 1.18²) / 1.087² = $3.77
Present value in year 3 = ($3.2 x 1.18³) / 1.087³ = $4.09
Present value in year 4 = ($3.2 x 1.18^4) / 1.087^4 = $4.44
Second stage 
 ($3.2 x 1.18^4 x 1.06) / (0.087 - 0.06) = 243.57
Value of the stock = $3.47 + $3.77 + $4.09 + $4.44 +  243.57 = $259.34
 
        
             
        
        
        
Income elasticity of demand measures the receptiveness of the quantity demanded for a good or service to a change in income.
 It's calculated as the ratio of the percentage change in quantity demanded to the percentage change in income.
Explanation:
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