Answer:
Option C.
Current liabilities, $420,000;
Long-term Debt, $1,260,000.
Explanation:
The reason is that the amount that will be paid within the next 12 is current liabilities, so the amount $420,000 is current liability as it will be paid within the next 12 months. So the remainder of the amount that is not payable in the next 12 months is long term liability.
Long Term Liability = $1,680,000 Total Payable Amount - $420,000 Current Liability
Long Term Liability = $1,260,000
Answer:
When monopolistically competitive firms advertise, in the long run they will still earn zero economic profit.
Explanation:
Monopolistic competition happens when many producers sell products that are differentiated from one another and hence are not perfect substitutes
Based on this, the demand curve of a firm in a monopolistic competitive market will shift so that it is tangent to the firm's average total cost curve and this will make it impossible for the firm to make economic profit. The best that can be expected is to be able to break even
This means in the long run, a monopolistically competitive firm will make zero economic profit.
A good example is Hotel which can only raise its prices without losing all of its customers based on brand loyalty and distinct quality differentiation.
ANSWER: After a ball is marked ready and before the play begins, any attempt made by A player will result to penalty and will be declared a false start. There is a a strict rule that no false start shall be made in the game. There is also a rule that no one except the snapper shall encroach on the neutral zone to give defensive signals.
Even though there was a miscommunication in the sale, Jones did not know that the stone was a diamond before selling it and Smith can easily say he did not know it was either. If Jones had taken the stone and received other opinions on it, he may have gotten more money but because he sold the stone, there is nothing he can take action on Smith for.
