Is it possible never to have a liability if you pay off everything right away? Or is that still just considered a current liability?
If paid off completely, there is no question of liability any more. Current liabilities are short term unpaid amounts owed to sundry creditors, banks and other financial institutions. Once the liabilities are paid off, cash account is credited and liability account is debited. So it is no more considered a current liability.
Is it possible never to have a liability if you pay off everything right away? Or...
You have just walked into your classroom and your professor said, “Please take everything off your desk. It is time for a surprise test worth 80% of your grade.” Using the three theories of emotion, describe how each one would explain your reaction.
Your company needs to have $616,109 available in 4 years in order to pay off a long-term contract for highly specialized manufacturing equipment. Your opportunity cost of capital is 8.2%. How much should you set aside right now in order to have just enough to meet that future commitment?
A three and a half year old has epilepsy. They have never been away from their parents before but have been enrolled to start next week with the service provider for which you work. The child’s mother will return to part-time work on Monday, Tuesday and Thursday each week. Give a brief outline of what you would do to support the child’s entry to the early childhood education and care service.
Right now you pay for university (e) and the composite good (c)
and your utility level at your current choice is.
Suppose you get an education voucher for $5000 that you can only
spend on university tuition. Suppose also that you would be better
off if you got the $5000 in cash instead of as a voucher. The
amount of cash that would leave you as well off as with the voucher
is
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It is May 28 and you have just gotten a summer job that will pay you (net of taxes) $800 per month. You start June 1 and will work until school starts - halfway through August. Your scholarship pays for tuition, room and board. But you must buy books, pay for transportation to and from school, and pay for clothing, any extra meals, entertainment, and so on. You have gathered the following data: One round trip airline ticket is $260,...
Your credit card charges an interest rate of 2% per month. You have a current balance of $1,000, and want to pay it off. Suppose you can afford to pay $100 per month. What will your balance be at the end of one year?
8.8 Unanswered Right now you pay for university (e) and the composite good (c) and your utility level at your current choice isUnitial. Suppose you get an education voucher for $5000 that you can only spend on university tuition. Suppose also that you would be better off if you got the $5000 in cash instead of as a voucher. The amount of cash that would leave you as well off as with the voucher is less than $5000 more than...
Cigarettes and marijuana are often considered to be “gateway drugs.” Consider everything you have read about changes in brain chemistry, analyze this statement from a biological perspective. Do you agree with this perspective? Why or why not?
Question 4 You just got off a a bus, and 1.15s after it pulls away you realize you left your backpack on board. You immediately run to catch it, accelerating at a constant 4.57 m/s2. The bus accelerates at a sluggish 1.03 m/s2. How long, in seconds, does it take you to catch up to the bus door? 1.04 margin of error +/-0.05 Find the time at which the positions of the bus & pedestrian are the same. You will...
Winter is never far enough away. Being the go-getter that you are, you decide to purchase a snow-blower in preparation for the coming snowfall next season. After shopping around, Small-Mart has the best deal on a “Deathtrap” snow-blower, which is manufactured by BigCorp. “Deathtrap” is a quality model which is a top seller. You purchase the “deathtrap” Snow-blower from Small-Mart. The following winter, it snows. You get your newly minted “Deathtrap” snowblower out of the box, and wheel it out...