A legal obligation that involves repaying a debt is called a _____.A.liability
B.profit
C.property right

Answers

Answer 1
Answer:

Answer;

-Liability

A legal obligation that involves repaying a debt is called a Liability.

Explanation;

-To be liable for something means to be legally responsible for something, as in he lost his case and was found liable for damages. A liability is a legal obligation, as in he denied any liability for the damage. A company’s liabilities are its debts, as in the business has liabilities of €2 million.

-A liability is an obligation and it is reported on a company's balance sheet. A common example of a liability is accounts payable. Accounts payable arise when a company purchases goods or services on credit from a supplier. When the company pays the supplier, the company's accounts payable is reduced.

Answer 2
Answer: A legal obligation that involves repaying a debt is called a LIABILITY.

You are liable to pay off all the debts you have incurred. Payment may be done through monetary compensation or physical performance.

Related Questions

Few people will use your 4’ Internet site to purchase products if they feel it is ______.a. Not secure b. Easy to use c. Quick loading d. Professional looking
Because of its quality​ investments, Carolina Corporation has always generated​ 30% to​ 40% of its gross income from passive sources. In the current​ year, Carolina sold a block of stock in a company it acquired several years ago. As a result of the​ sale, the corporation realized a substantial​ long-term capital gain that will increase this​ year's investment income from​ 40% to​ 70% of gross income. Explain to​ Carolina's president why she should or should not be worried about the personal holding company tax. ​(Assume that the stock ownership requirement is​ met.)
If you had no credit history yet but wanted to establish one, describe what you could do in order to establish a credit history.
The _____ adds up the market prices of final goods and services to calculate Gross Domestic Product (GDP).
17) If the CPI basket of goods cost $200 in the reference base period and $450 in a later year, the CPI in the later year equals A) 225. B) 300. C) 250. D) 450. 2016 2017 Item Quantity Price Quantity Price Books 10 $30 8 $50 Pens 20 $1 15 $2

Why do cell phone service companies fall into oligopoly

Answers

Usually in a particular country, there are only very few cell phone services or companies. Oligopoly is somehow the same with monopoly, however it have 2 or more sellers. When one company decided to price this kind of promo expect that the other companies will follow. 

The business writer Michael Lewis has quoted Michael​ Burry, a fund​ manager, as​ saying: "I also immediately internalized the idea that no school could teach someone how to be a great investor. If that were​ true, it'd be the most popular school in the​ world, with an impossibly high tuition. So it must not be​ true." Do you agree with​ Burry's reasoning?

Answers

Answer:

Yes, I agree with Burry's reasoning because investing is something one learn overtime to perfect, in their own particular way. Being a good and successful investor, one should have a combination of factors such as the ability to analyse the market health, keep up to date with what is going on in the world, and may other knowledge. Different successful investors have different skills and ability to invest in their field of business that they took time to practice until they become good in their investing journey.

Which of the following income statement figures would probably be the best indicator of a company s future performance?a. Total revenues
b. Income from operations
c. Net income
d. Gross profit

Answers

The income statement figures would probably be the best indicator of a company's future performance is income from operations.

>I
ncome from operations or IFO is the net income of an entity, not including the impact of any financial activity or taxes. IFO is the profit realized from a business' own operations.

The Cost of Quality, COQ, is the difference in the cost of prevention and the cost of failure. If a quality program costs $10,000 to plan and $50,000 to administer, what is the COQ of the program reduces waste by $30,000 and returns of bad products by $40,000

Answers

Answer:

The COQ is -$10,000

Explanation:

The COQ can be represented by the sum of two factors: Cost of Good Quality and Cost of Poor Quality.

The Cost of Good Quality (CoGQ) includes the prevention and appraisal cost and the Cost of Poor Quality (CoPQ) includes internal and external failures.

The formula of COQ is:

COQ = CoGQ + CoPQ

If

CoGQ= $10,000 + $ 50,000 = $ 60,000

and

CoPQ= -$30,000 - $ 40,000 = -$ 70,000

CoPQ values are negative because they are reductions of wate and returns of bad products

then:

COQ=  $ 60,000 - $ 70,000

COQ= -$ 10,000

Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.

Answers

Answer:

Determinants of demand are price of product, price of other products, population, income, etc.

Determinants of supply are price of the product, number of producers, cost of resources, technology etc.

A rightward shift in the demand curve causes price and output level to increase. While a leftward shift contributes to a decline in the price and output level.

A rightward shift in the supply curve causes price to fall and output level to increase. A leftward shift on the other hand causes price to increase and output level to fall.

Explanation:

Other things being constant, the demand and supply both are determined by the price of the commodity. The demand for a product is inversely related to its price. While on the contrary, the supply of a product is directly related to price.  

Other than price, demand is affected by a change in income, population, price of other goods, consumers tastes and preferences. Supply is affected by the cost of production including the cost of fixed and variable inputs such as wages, price of raw materials, etc. Other determinants of supply are taxes and subsidies, technology, number of producers, etc.

A rightward shift in the demand curve causes price and output level to increase. While a leftward shift contributes to a decline in the price and output level.

A rightward shift in the supply curve causes the price to fall and output level to increase. A leftward shift, on the other hand, causes the price to increase and output level to fall.

Answer:

Price, product, price of other product, population, income, etc.

Explanation:

What is the term utilized when union workers refuse to work due to contractual disagreements? A. Sunshine law
B. Strike
C. Labor law violation
D. WPA Act

Answers

B. Strike workers in a union are allowed to go on strike when there are disagreements about contracts.  They are actually forced not to work and are replaced with people called s c a b s.