Answer:
The answer is given below;
Explanation:
XYZ
Extracts from Balance Sheet
As at XXXXX
Current Liabilities
Current portion of long term loan *$25,000
Long Term Liabilities
Long Term Loan $25,000
As the 50% of the loan will be repaid in next year, therefore ($50,000/2) will be shown in current liabilities. The rest of the loan is shown as long term loan as it will be repaid after 12 months.
International Trade.
When a company sells its product over the US border into another country they are participating in International Trade.
Answer:
The lower economic cost will be going to neighboring city as the difference in price make it worth lossing those working hours.
Explanation:
As all placed will add the same half hour for shopping we should ignore and calculate based in the difference in the price of the suit and distance travel
We should add up the opportunity cost of the labor wage lost to go destination and go back.
Local department 103 dollars + 15 minutes x 2 ( back and forth) x $16 per hour = 103 + 8 = $ 111
Across town 88 dollars + 30 min x 2 x $16 per hour
88 + 16 = $ 104
Neighboring city $63 + 1 hours x 2 x $16 per hour
$63 + $32 = $95
<u><em>The lower economic cost </em></u>will be going to neighboring city as the difference in price make it worth lossing those working hours.
