Answer:
the proper recording of this liability each year from 2016 through 2018 under GAAP is $150,000.
Explanation:
since the first amount cannot be determinable now, we cannot record it as a liability.
After the settlement of the dispute by the customer and company outside the court the company should record the loss and a liability at an amount of $150,000 because it is certain and determinable now.
The correct answer is:
C. Income.
Have a great day! :)
Answer:
gain on sale 40,000
RoI 200%
Explanation:
The gain will be:
sales - cost = gain
240,000 sales price
- 200,000 cost
40,000 gain
<u><em>If the loan generate interest, those interest should be subtracted.</em></u>
return on investment
the loan is not part of the investment, only the 20,000 you invest is consider.
40,000/20,000 = 200%
Answer:
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Answer:
$7,500
Explanation:
last quarter production was 1,000
production for the next four quarters:
- 900 ⇒ so 100 will be fired = 100 x $5 = $500 firing costs
- 700 ⇒ so 200 will be fired = 200 x $5 = $1,000 firing costs
- 1,000 ⇒ 300 will be hired = 300 x $20 = $6,000 hiring costs
- 1,000 ⇒ no one will be fired or hired
total firing and hiring costs = $500 + $1,000 + $6,000 = $7,500
When a firm pursues a chase strategy, it means that they are following the quantity demanded which is set by the market. They only follow the demand, they do not attempt to increase or decrease it.
