Which of the following items are normally classified as current liabilities for a company that has a one-year operating cycle? 1. note payable due in 18 months.
2. note payable maturing in 2 years.
3. portion of long-term note due in 15 months.
4. salaries payable.
5. fica taxes payable.
6. note payable due in 11 months.

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You are attending college in the fall and you need to purchase a computer. you must finance the purchase because your parents will not purchase it for you, and you do not have the cash on hand to purchase it. in blank #1 determine which type of credit would you use to finance your purchase (installment, non-installment, or revolving credit). (2 points) in blank #2 defend your credit choice by explaining why your financing option is the best option for you. (2 points) in blank #3 explain why you selected that credit option over the other two options available. (2 points)

Post test question number 9 for entering the job market