Is it possible never to have a liability if you pay off everything right away? Or...
Is it possible never to have a liability if you pay off everything right away? Or is that still just considered a current liability?
Homework Answers
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.
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Is it possible never to have a liability if you pay off
everything right away? Or...
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Right now you pay for university (e) and the composite good (c) and your utility level...
Right now you pay for university (e) and the composite good (c)
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Suppose you get an education voucher for $5000 that you can only
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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
We were unable to transcribe this imageRight...
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...
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