They are useful in illustration of the amount of variability in data as well.

I). The two basic characteristics are: The liability is known to exist and the precise dollar amount cannot be determined until a later date.
II). When a liability is accrued (recognized before its due date), an offsetting expense (accrued expense) is recorded.
III). Unearned fees and customer deposits are unearned revenues, which are usually classified as current liabilities.
IV). Working capital (Current assets-Current liabilities) measures the uncommitted liquid assets. The quick ratio (The most liquid assets/Current liabilities) is a more stringent measurement of solvency.

Total revenue increases from $400 to $418, so marginal revenue is $18. $2 is the change in average revenue.

There is only one major futures exchange in the U.S. - Chicago Mercantile Exchange.

Total expenditure rises when a price decrease occurs in the market for an elastic good. An elastic good under a price decrease isrepresented by the good with the price elasticity coefficient of greater than one, or -1.7.