This is because a loss would be recorded (debit) and liability established (credit) in advance of the settlement.
Responsibility is the responsibility of the individual or company and is usually the amount. Debts are settled over time by the transfer of economic interests, including money, goods, or services. The liabilities shown on the right side of the balance sheet include loans, liabilities, mortgages, income receivable, borrowings, guarantees, and accrued expenses.
Liability can be compared to assets. Debt is what you owe or owe. An asset is something you own or owe.
Main findings
Responsibility (generally) is something that owes someone else.
Liability may also mean legal or regulatory risk or obligation. In
accounting, companies compare liabilities to assets.
Current liabilities are short-term financial liabilities of companies that are due within a year or within the normal business cycle (such as accounts payable).
Long-term (long-term) liabilities are liabilities that are recorded on the balance sheet and are due within one year.
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The answer is C) 5 years
Most companies start as small start-ups with little in funding. In the early years of a business, the founders would be most involved in only 2 things, either selling or manufacturing/development.
The early years of a business is linked to survival and growth. It is natural for the founders to not be able to focus on operational excellence.
However, as the company starts to make a profit, the founders are able to work on developing new processes to streamline everything and make it more manageable.
It can take up to 5 years before a company can reach organizational excellence.
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Answer: Statement that “There is no need to evaluate mutual fund investments because investment companies hire the best professional managers they can to manage their funds “ is FALSE
A mutual fund is a pool of stocks, bonds or other funds where an investor purchase his shares. He gets one to meet his investment goals so evaluating a mutual fund's performance is needed and must involve thorough research to lessen risk.
Professional fund managers do make mistakes, so it is a must that investors continually evaluate their mutual fund investments.
Answer:
The cost of producing one bottle is $10
.
Explanation:
The fixed costs of making the drug = $1 million
The selling price of the 50 pills bottles = $10
Total number of bottles sold at breakeven =200000
Total revenue from the sale of bottle = $10 × 200000
Total revenue from the sale of bottle = $2000000
Since at breakeven point the total revenue is equal to total cost. So, total cost of producing the 200000 bottles is $2000000.
Thus, the cost of producing one bottle = $2000000 / 200000 = $10
The most important claim about Karl Marx would be the theorizing that capitalists would try to get more work from people for less pay.
<h3 /><h3>Who was Karl Marx?</h3>
He was a German philosopher who developed the foundations of communism, a system that criticized capitalism and its doctrines. His most prominent theories are about the transition to communism, the class struggle, the Marxist theory of ideology and surplus value.
Therefore, the correct option for the question refers to surplus value, which was defined for Karl Marx as the difference between the value of the work produced by employees and their salary paid. For him, the surplus value is the work produced and not paid, being a condition of exploration of the capitalist system.
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