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Vsevolod [243]
2 years ago
13

Define accrued liability. What is an example of an accrued liability?

Business
1 answer:
solong [7]2 years ago
3 0

Accrued liabilities represent expenses incurred by a company over a period of time but not yet claimed. There are two types of resets: regular/regular and occasional/non-regular.

A journal entry is recorded for the contingent liability, with a credit to the accrued liability account and a debit to the liability-related expense account.

The regulation states that a contingent liability should be recognized in an account when it is probable that a future event will occur and the amount of the liability can be reasonably estimated. This means that a loss is recognized (debit) and a liability is created (credit) before settlement.

Learn more about liability here:brainly.com/question/25012970

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10. Veda Inc., a manufacturer of cosmetics, offers two product lines, each catering to a distinct segment. Its most popular bran
Mama L [17]

Answer:

The type of segmentation  Veda Inc. is using is called Psychographic segmentation.

Explanation:

Market segmentation is the process of dividing a target market into smaller, more defined categories.  It makes it easier to focus marketing efforts and resources on reaching the most valuable audiences and achieving business goals.

Psychographic segmentation categorizes audiences and customers by factors that relate to their personalities and characteristics.  Alo, targets women who want makeup that will last at least ten hours after application. This covers a niche market of women who are looking for makeup with anti-ageing properties.

4 0
3 years ago
How does the federal trade commission regulate business as an administrative agency?.
shusha [124]

The FTC is empowered to enforce rules of trade regulation that define unfair or deceptive actions or practices in great detail and to report to and advise Congress on legislative matters related to the economy. This is further explained below.

<h3>What is the federal trade commission?</h3>

Generally, The Federal Trade Commission (FTC) is a non-departmental executive body of the United States government charged with protecting consumers and enforcing federal antitrust laws.

In conclusion, The FTC is empowered to enforce laws of trade regulation that define unfair or deceptive actions or practices in great detail, and it may also report to Congress on economic matters and provide policy suggestions.

Read more about the federal trade commission

brainly.com/question/891256

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4 0
3 years ago
Kitchen magazine plans to license the use of its name by a line of cookware. For a magazine, licensing the use of its name for p
babunello [35]

Answer: Option C

Explanation:  

A. In the above case the statement stating superiority of cookware is stated by the experts themselves thus it cannot be considered an assumption.

B. The above case clearly states that the magazine generates revenues from advertising thus it is not an assumption made, actually its a fact stated in the case that magazine will do so.

C. Nothing has been stats about the perspective of the cookware company as they might find the magazine unsuitable as there would be commercials for their competitors. Thus, we can say that it is an assumption.  

5 0
3 years ago
Melanie: "I'll buy that armoire for $775." Judith: "It's not for sale." Melanie: "How about $875?" Judith: "I don't know. It's b
Bogdan [553]

Answer:

D) There is no contract.

Explanation:

The main requirements for a legal contract to exist is that:

  • there is something of consideration being exchanged (in this case $ and the armoire).
  • there is an offer and acceptance, and all parties involved must decide freely (in this case there is only an offer, but there is no acceptance).
  • all the parties involved must be capable of engaging in a contract (e.g. no minors nor mentally disabled)
  • the consideration must be legal, e.g. a contract for buying drugs is not a valid contract
4 0
4 years ago
Consumers' affinity for sports brands may be immune to threats other brands face, such as competition for attention and switchin
mihalych1998 [28]

Answer:

True

Explanation:

Consumers mainly sports persons natural liking for their favourite sports brand exists. Sports persons like to buy and wear their favourite brand of shoes, clothed and apparels.

                   These brands remained immune to threats from other the rival brands because they remain the favourite of the respective sports persons. In other words they remain safe.

                  The sport person like to wear these brands and perform in the competition. But when the performance does not meet the sports person's expectations, they try to switch brands and go for some other brands.

Thus the answer is True.

7 0
4 years ago
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