(c) Current assets are those assets which get converted in cash or cash equivalents within a short span of time and provide liquidity to a business. For financing the current assets of a business, both types of liabilities (short and long) can be used.
Correct Answer is: (d)
Sound is transmitted by particles (atoms or molecules) in a solid, liquid or gas colliding with each other. It is a wave which is created by vibrating...
(b) Current assets are those assets which can be converted into cash or can be used to pay off liabilities within a time span of 12 months, i.e. one year. Some...
(a) Fixed assets are those assets which are invested in a company for a longer time period, generally more than one year. As these assets have long term implication on the...
(a) Q = 2L2K2 .....(1)
L = 5 units of labour
K = 2 units of capital
Putting these values in equation (1)
Q = 2(5)2(2)2
= 2 (25) (4)
Q = 200 units
(b) If L...
Total revenue is defined as the total sales proceeds of a producer by selling corresponding level of output. In other words, it is defined as price times the quantity of...
