Zahn Inc. sold 11,500 annual magazine subscriptions for $61 during December 20Y4. These new subscribers will receive monthly issues, beginning in January 20Y5. Zahn Inc. issued a $123,200, 180–day, 5% note payable on December 1, 20Y4. On March 31, 20Y5, Zahn Inc. had accounts payable of $ 22,700 and accrued wages payable of $6,700. Required:
Prepare the Current Liabilities section of the balance sheet for Zahn Inc. on March 31, 20Y5.

                                       Zahn Inc.

            Current Liabilities Section of the Balance Sheet

                                   March 31, 20Y5

Current liabilities                                                       Amount

Accounts payable                                                      $22,700

Accrued wages payable                                             $6,700

Accrued interest payable                                           $3,080

($123,200 * 5% * 6/12)  

Notes payable                                                             $123,200

Advances on magazine subscriptions                       $526,125

(11,500 * $61 * 9/12)

Total current liabilities                                                $681,805

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.