Answer:
Yes
Explanation:
Making profit is a good thing because Profit equals a company's revenues minus expenses. Earning a profit is important to a small business because profitability impacts whether a company can secure financing from a bank, attract investors to fund its operations and grow its business. Companies cannot remain in business without turning a profit.
Answer:
1. Dr Interest expense 54
Cr Accrued interest 54
( To record interest expense )
Explanation:
Interest expense = 7200 * 9% = $648 * 1 /12 = $54 for the m/o dec
The answer is a. buying it.
When people buy goods then it creates a demand and when that demands
lead to more production to meet those demands.
The more the demand for a product or service, the value for it goes up.
Answer:
The answer is A.
Explanation:
Current liabilities are the total amount of money due within a period of s year. Current liabilities must be repaid within a year(less than 12 months.
Current liabilities in this question are:
Payable. $5,300
Unearned revenue $900
Sales tax payable. $3,700
Estimated warranty payable $900
Note payable due in 90days $1,300
Total. $12,100
$12,100 is therefore the total current liabilities
