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ELEN [110]
1 year ago
7

40 points fast easy question. ………….

Business
1 answer:
Naddik [55]1 year ago
3 0
It’s depends which artical your reading since you have to re read the book to answer.
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Ultimate Company is a defendant in a lawsuit alleging damages of $3 billion. The litigation is expected to continue for several
Goshia [24]

Answer:

Option B.

Explanation:

A loss contingency refers to a charge to expense for what is considered to be a probable future event, such as an adverse outcome of a lawsuit. A loss contingency usually gives the person who is reading an organization's financial statements an early warning of a payment which is impending, and which is related to a likely obligation.

In the scenario presented above, we can see that Ultimate Company is involved in a lawsuit and might be expected to pay $3 billion, this reflects the situation of a loss contingency which should be disclosed in notes to Ultimate Company's financial statements.

5 0
3 years ago
Read 2 more answers
Life insurance companies like Prudential hope to get you to worry about how your loved ones will provide for themselves once you
Stels [109]

Answer:

Fear appeal.

Explanation:

In this scenario, Life insurance companies like Prudential hope to get you to worry about how your loved ones will provide for themselves once you have passed away. In order to buttress their point, they paint a very gloomy picture of the possible consequences of not having life insurance, and they make a point of recommending that you act immediately because you never know when it is going to be too late. This is an example of a fear appeal.

A fear appeal can be defined as the act of persuading potential customers to change a risky behavior by highlighting adverse or negative consequences that may arise if they do not subscribe to a service or use a particular product. The main purpose of a fear appeal is to cajole people into buying a product or using a service by using their fears as a motivation.

7 0
3 years ago
Lavallee Self Storage purchased​ land, paying $ 160 comma 000 cash as a down payment and signing a $ 145 comma 000 note payable
Andrews [41]

Answer:

Land 373,500

Building 1,100,000

<u />

land improvements   67,000

Fence         55,000

Sign            12,000

Explanation:

Land cost:

cash                               160,000

note payable                   145,000

delinquent property tax     4,000

insurance costing                1,500

level the land                      3,000

soil                                <u>    60,000</u>

Total land:                      373,500

The land will be recorded for all the cost necessary to get it ready for use.

The soil, once added can't be differentiate from the original land. It is added to the land is not an improvement.

The office building will be for 1,100,000

land improvements will be the fence and signs:

fence 55,000

sign  <u>  12,000  </u>

total   67,000

3 0
2 years ago
A blank is a plan which an individual balances available resources and expense
Marina CMI [18]

A "budget" is a plan in which an individual balances available resources and expenses.



Budgeting is the essential way that you can take control of your accounts. Basically, a budget is a composed arrangement for how you will spend your cash. You can make a month to month or a yearly spending plan. The budget enables you to settle on money related choices early, which makes it less demanding to cover every one of your costs consistently. Budgeting reliably can enable you to turn your accounts around and start to fabricate riches.


7 0
3 years ago
Read 2 more answers
"analytic solver" ADC also is concerned about cash flow in years 2, 3, 4, and 5. Use Analytic Solver to estimate the distributio
Hatshy [7]

Answer:

is there an image that shows the amount of $

Explanation:

can't solve without knowing the amount sorry

5 0
3 years ago
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