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Eddi Din [679]
1 year ago
10

The practice of creating a liability when a company incurs an expense that cannot be directly linked to a specific accounting pe

riod most likely refers to:____.
Business
1 answer:
m_a_m_a [10]1 year ago
8 0

The practice of creating a liability when a company incurs an expense that cannot be directly linked to a specific accounting period most likely refers to companies may recognize such expenses in periods during which profits are high, as they can afford to take the hit to income, with a view to reducing the liability (the reserve) in future periods during which the company may struggle.

A liability is something that an individual or company owes, usually a monetary amount. Liabilities are settled over time by the transfer of economic benefits, including money, goods, or services.

Current liabilities are short-term financial obligations of a company that matures within one year or within the normal business cycle. The operating cycle, also known as the cash conversion cycle, is the time it takes a company to purchase inventory and convert sales into cash.

In general, mitigating the risk of legal liability requires acting lawfully and taking clear responsibility for the well-being of others (groups that include customers or clients, competitors, and the general public).

Learn more about  Liability here brainly.com/question/25687338

#SPJ4

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Which type of budget indicates more expenses than income?
Fittoniya [83]

Answer:

a deficit budget

Explanation:

A budget is a plan detailing how an individual, a firm, or a government will spend its anticipated revenue. In short, a budget is a plan of expenditure. Budgets are usually prepared at the beginning of a period to guide the use of available resources.

An ideal situation is when the planned expenditure equal to the expected income. Such a plan is called a balanced budget. However, in some circumstances, the planned expenditure exceeds the projected income. That budget is a deficit budget.

3 0
3 years ago
jameson machinery inc. wants to release their newest equipment in the south american market before other companies in order to e
Natasha_Volkova [10]

Based on the actions of Jameson Machinery Inc, we can infer that they want to benefit from<u> First Mover Advantage. </u>

<u />

First Mover Advantage:

  • Involves being the first company or brand to enter a certain industry
  • Gives the brand a competitive advantage and customer loyalty over other competitors
  • Allows company to perfect services offered

In trying to get to South America first and having their brand established, Jameson hopes to benefit from first mover advantage which would see them have a competitive advantage over competitors that come later.

In conclusion, Jameson hopes to benefit from First-Mover Advantage.

<em />

<em>Find out more at brainly.com/question/14663095. </em>

3 0
3 years ago
Yo tell me if this is true.. i walk down the sidewalk and found a grass hooper and ate it...
worty [1.4K]

Answer: bro why would you eat a grasshopper

Explanation:

kinda sus ngl

6 0
3 years ago
Read 2 more answers
It is NOT ethical to refer clients: Group of answer choices when the client's issue is out of the counselor's scope of work. whe
Virty [35]

Answer:

Based solely on a difference of values between the counselor and the client.

Explanation:

Referral is defined as the situation were counselors make recommendations of where else a client might seek treatment. This can happen if counselors cannot accept the client for some reason or if the client's needs have changed. Something that must be said is that the reasons must be appropriate, and a difference in values is not.

3 0
3 years ago
Charlie’s utility function is ????(x????,x????) = x????x????. The price of apples used to be $1, the price of bananas used to be
Reptile [31]

Answer:

The other options are ; (a) 4 apples (b) 13 apples (c) 11 apples (d) None of the above

Explanation:

The detailed analysis and step by step calculation is as shown in the attached files.

The correct option is NONE OF THE ABOVE

3 0
3 years ago
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