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Logitech, the Computer Peripherals Company, Is One of the Best

question 15

Short Answer

Logitech, the computer peripherals company, is one of the best early examples of a successful _____ firm.


Definitions:

Long-term Liabilities

Financial obligations of a business that are due for repayment more than one year in the future, such as bonds or long-term loans.

Current Liabilities

Financial obligations that a company is expected to pay within one year.

Accounts Payable

Money owed by a business to its suppliers shown as a liability on the company’s balance sheet.

Salaries and Wages Payable

Salaries and Wages Payable are liabilities on the balance sheet representing amounts owed to employees for work performed but not yet paid.

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