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Marat540 [252]
3 years ago
11

What does it mean to have liability for a company

Business
2 answers:
VLD [36.1K]3 years ago
7 0

Answer:

A liability is an obligation that arises during the business. It represents a third party's claim on a company's assets usually from lenders,  creditors, or the company's employees. The later is the result of the imprudence of the company in a certain obligation supposed to provide to the employee. In that case, the company is liable for the damages caused to the worker.

barxatty [35]3 years ago
6 0
It Means if a worker or anyone gets hurt while working or doing something with your company, you need to pay his debts. 
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Splish Brothers Inc. uses a perpetual inventory system. Data for product E2-D2 include the following purchases.
harkovskaia [24]

Answer:

Splish Brothers Inc.

Perpetual Inventory Schedule using moving average costs:

Date       Description   Number   Average Cost  Total Cost          Cost

                                     of Units                                                   Balance

May 7         Purchase       105               $7                $735            $735

June 1        Sales              (55)              $7                  385              350

July 28       Purchase         63             $18                1,134            1,484

August 27  Sales              (84)            $13.1327        1,103               381

Explanation:

a) Data and Calculations:

Date                          Number of Units   Unit Price    Total Costs

May 7         Purchase           105                $7                $735

June 1        Sales                  (55)               $7                  385

July 28       Purchase            63              $18                 1,134

August 27  Sales                 (84)             $13.1327        1,103

Cost of goods sold = $1,488 ($385 + $1,103)

Ending inventory =       $381

8 0
3 years ago
Two siblings each pay 30% of their parents support so they can decide who will claim the parents with a multiple support agreemo
MrRa [10]
B: false
Hope this helps you
4 0
2 years ago
ABC Corporation reports the following information:
Tpy6a [65]

Answer:

$480,000

Explanation:

Data provided as per the question below:-

Net income = $380,000

Depreciation = $70,000

Decrease in accounts receivable = $30,000

The computation of cash provided by operating activities is shown below:-

= Net income + Depreciation + Decrease in accounts receivable

= $380,000  + $70,000  + $30,000

= $480,000

Therefore we applied the above formula.

7 0
3 years ago
Accelerated Finance is deciding whether to purchase new accounting software. The cost of the software package is $ 67 comma 000​
sammy [17]

Answer:

The answer is: Expected annual net cash savings are $16,750.

Explanation:

Please find the below for detailed explanations and calculations:

Payback period is defined as the time it takes an investment to recover its initial investment.

In this case, the initial investment is the cost of software package at $67,000, while the payback period is four years.

We apply the payback period formula to calculate payback period to calculate the Expected annual net cash savings:

Payback period = Initial investment / Net cash flow per period <=> Net cash flow per period = Initial investment / payback period = 67,000 / 4 = $16,750.

So, Net cash savings annually is expected at $16,750. In other words, if the firm is to save $16,750 per year from owning the software, it will take the firm 04 years to recover its initial investment.

3 0
3 years ago
Google Ads was constructed around three core principles, focused on helping businesses reach their online potential. The first o
tia_tia [17]
Yes helpful information
4 0
3 years ago
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