CDE are the answers to this question.
Those are all examples of liabilities. To be more specific, they are <u>current liabilities</u>. Interest payable, income tax payable, and salary payable are obligations that must be paid of within one operational cycle, thus they are just current liabilities.
Current liabilities are debts that must be paid off within a year or one operational cycle, whichever comes first. They can also be paid off using current assets or generate new current liabilities.
Analysts, accountants, and investors assess a firm's payables to determine how effectively it can fulfill its short-term financial obligations thus, the firm basically needs to generate sufficient profits and money in the immediate term to meet its debt commitments.
Learn how to define liability and differentiate between a current liability and a long-term liability: brainly.com/question/28391469
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Answer:
Explanation:
targeted profit can be achieved after covering total cost including fix cost
total cost = variable cost + fix cost
break even = total cost = total revenue
first we need to cover variable cost
Selling price = 120
Varaible cost = -80
contribution margin = 40
Now we need to cover fix cost
break even = fix cost/ contribution margin
break even = 50000/40
break even = 1250
now we need extra units to cover the targeted profit
targeted units = 10000/40
targeted units = 250
total units that should be sold for targted profit of $10000 = (250+1250) = 1500
or
we can solve through this method
targeted units = (fix cost+targeted profit) / CM per unit
targeted units = (50000+10000)/40
targeted units = 60000/40
targeted units = 1500
<span>a. allow decision makers to determine what is fair. </span>
