A short-term liability is a payment that is due in 12 months or less. Hence notes payable due in six months is reported as a short-term liability.
<h3>
What is a liability?</h3>
In the parlance of Accounting and Finance, a Liability is a financial obligation that the company owes to individuals, or organizations with which it has transactional or legal relationship.
Hence, it is correct to indicate that notes payable due in six months is reported as a short-term liability.
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Kaia's conceptual abilities are demonstrated by the aforementioned scenario.
<h3>What is the meaning of skills?</h3>
Ability to perform is referred to as skill. The abilities acquired to carry out particular tasks. It needs experience that has been developed through persistent work in certain areas.
Activities such as printmaking, photography, ornamental arts, music, painting, film, literature, and architecture were all considered skills.
Conceptual abilities are the Conceptual talents are the capacity to understand a complex circumstance or issue and offer a more unique and useful solution.
Thus, it may be said that the provided illustration demonstrates conceptual skills.
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True
Because having inventories would mean the following:
1. Holding Inventory avoids loss of sales
2. Holding Inventory gains quantity discount
3. Holding Inventory reduces order cost 4. Achieve efficient production runs by holding inventory
5. Holding Inventory reduces risk of production shortages
Answer:
The correct answer is letter "C": consumerism.
Explanation:
Consumerism is the approach stating that only individuals' demand for goods and services should drive the economy. This idea departures from the belief that an increase in consumption leads to an increase in production, thus, the overall economic growth.