Esta repsuea stasiod obqeado upr inculploirlas nrmoasde es giruidad-l
Answer:
1. No journal entry required
2. No journal entry required
3 Dr Loss $470,000
Cr Contingent liability $470,000
Explanation:
Preparation of the journal entry to Record any amounts as a result of each of these contingencies
1. Based on the information given we were told that The likelihood of the payment is reasonably possible which means that contingent liability amount was not recognized and therefore NO JOURNAL ENTRY IS REQUIRED
No journal entry required
2. Based on the information given we were told that Environmental Printing was expecting to win the case and be awarded the cash amount involved which means NO JOURNAL ENTRY IS REQUIRED reason been the CONTINGENT GAIN will not be recognized until the amount is received.
No journal entry required
3. Contingent liability was recorded because the payment is reasonably possible and Estimated.
Dr Loss $470,000
Cr Contingent liability $470,000
Answer:
The dimension that will minimize the cost is 55 and 110(55 × 110)
Explanation:
The garden area is 6050 ft². Along the driveway the costs is $6 per foot while the other 3 area sides cost only $2 per foot.
The garden has four sides so it a rectangle .
a = length along the driveway
b = length perpendicular to the driveway
The area = a × b
ab = 6050
b = 6050/a
minimize cost = 6a + 2a + 2b + 2b
minimize cost = 8a + 4b
cost = 8a + 4b
y = 8a + 4(6050/a)
y = 8a + 24200/a
y = 8a + 24200/a
differentiate the rate of change of the cost with respect to length.
y'(a) = 8 - 24200/a²
(8a² - 24200)/a² = 0
cross multiply
8a² = 24200
a² = 24200/8
a² = 3025
a = √3025
a = 55
inserting the value of a in the area formula
ab = 6050
b = 6050/55
b = 110
Answer:
28%
Explanation:
because that like max that people can afford