The Following Totals Are Taken from the December 31,2014,balance Sheet

question 13

Essay

The following totals are taken from the December 31,2014,balance sheet of Roanoke Company:

Additional information:
(a)A building costing $100,000 was purchased by taking out a $100,000 mortgage.Since the building serves as collateral on the mortgage loan,both have been excluded from the financial statements.
(b)Cash in the amount of $45,000 is in a restricted fund for the purchase of equipment.This cash has been included in Current Assets.
(c)Long-term liabilities include a bank loan of $80,000.Of this loan,$15,000 must be repaid within the coming year.
(d)Investment securities totaling $27,000 are included in Current Assets.These securities represent stock purchases made as a long-term equity investment in a major supplier.
After making any necessary changes,what are the totals for Roanoke's long-term assets and long-term liabilities?

Comprehend the significance of dominant strategies in decision-making processes.

Recognize the importance of extensive form representation in depicting strategic games.

Appreciate the role of repeated games in establishing long-term strategic interactions.

Identify the conditions under which a credible threat or coercion can influence strategic outcomes.

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Definitions:

Employment

Refers to the condition of having paid work or the relationship between an employer and an employee where the employee provides labor in exchange for compensation.

Capital

Financial assets or the financial value of assets, such as cash and goods used to generate income or wealth.

Rent

Payment made, typically on a monthly basis, for the use of someone else's property or land.

Complementary Resource

Assets or inputs that are used together with another resource to produce goods or services, increasing each other's value.