A demand function depicts how consumer demand of a product varies with:
1) available income.
2) cost of raw materials.
3) the price of oil.
4) amount available in the market.
yan lang alams ko
The correct answer among the four given choices is letter a.PRINCIPAL CLASSIFICATION OF LIABILITIESLIABILITIES
In accounting, liabilities are the payables, debts or obligations of a business to settle to another business or entity. Liabilities have two main categories:1. Current Liabilities
-these are payables or debts of a business which are short-term payables that needs to be paid or settled by the business within a year.Some Examples of Current LiabilitiesAccounts PayableInterest PayableIncome Tax PayableAccrued ExpensesShort-term loans2. Non-Current Liabilities
-these are payables or obligations of a business that are long-term liabilities that can be settle after a year or more than a year.Some Examples of Non-Current LiabilitiesBonds PayableLong-term Notes PayableDeferred Tax LiabilitiesMortgage Payable
Further topics about assets and liabilities
What is the opposite of assets
For related topics about accounting equation
In accounting, intangible assets are assets that are usually not convertible to cash or not used up within a year or normal operating cycle of a company. Thus, being categorized as a non-current asset.