Intermediaries play an important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.
When goods are produced or manufactured by producers, there will be need to make those goods available to final consumers.
The intermediaries- Wholesalers and retailers buys these goods from the producers and make them available to final consumers in small quantities.
By making the goods available to consumers, the intermediaries are playing important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.
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Answer:
a) Disclose in the notes
b) no Disclosure
c) Record a liability
Explanation:
There are three scenarios to be considered
1) It is reasonably possible that Huprey will lose a pending lawsuit. The loss cannot be estimable
First, premise is that Huprey Co. is facing a lawsuit and the possibility of a loss is most possible. If Huprey Co is able to recognize the amount of loss, then he would have been able to record a liability but the inability to estimate the loss means, the company can o<u>nly make appropriate disclosure in notes</u>
2)Huprey is being used for damages of $2 million. It is very unlikely (remote) that Huprey will lose the case.
This second premise is also a lawsuit on damages for $2 million, however, it is most reasonably acceptable that Huprey will win the lawsuit. As such there is no loss, that way there will be no disclosure in Huprey Co's books.
3. Huprey can reasonably estimate that a pending lawsuit will result in damages of $1.25 million, it is probable that Huprey will lose the case.
The probability of losing a case means that there will be a loss to be recorded in the books and since the damages are already estimable to be $1.25 million. Huprey Co should record a liability
In order for us to keep up with the advancements of other countries, ARPA was created to lead computing research, which then led to the creation of the first wide area network.
This is further explained below.
<h3>What is
a wide area network.?</h3>
Generally, A telecommunications network that is spread out across a vast geographical region is known as a wide area network (WAN). Frequently, leased telecommunication circuits are utilized in the process of establishing wide area networks.
In conclusion, ARPA was established to take charge of computer research so that the United States could keep up with the technological achievements of other nations.
This eventually resulted in the development of the very first wide area network.
Read more about the wide area network.
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Answer:
$1,050
Explanation:
Her adjusted gross income is $32,750, so she can claim maximum of 50% of Child and Dependent Care Expenses as CDC Credit
= $2,100 * 50%
= $1,050
So, the amount she can claim for the California Child and Dependent Care Expenses (CDC) Credit is $1,050
