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3 years ago

The decision that a mediator reaches during settlement talks is _____.

Business

2 answers:

Contact [7]3 years ago

7 0

The decision that a mediator reaches during settlement talks is non-binding.

Evgen [1.6K]3 years ago

5 0

Answer:

The correct answer is: non-binding.

Explanation:

Mediators are allowed to give suggestions during a settlement talk but their decisions are resolutions. Actually, during a mediation the parties involved are to establish an agreement according to what may be convenient for them but, the mediator is not the character providing with that solution. It is said then that his decision is non-binding or it is not sent to a court for enforcement.

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The financial statements of Weston Office Supply include the following items:20172016Cash $43,500 $50,000Shortminus−term Inve

aivan3 [116]

Answer:

The current ratio is 1.18 times

Explanation:

Current Ratio: The current ratio is that ratio which shows a relationship between the current assets and the current liabilities

The computation of the current ratio is shown below

Current ratio = Total Current assets ÷ total current liabilities

where,

Total current assets = Cash + short-term investments + net accounts receivable + merchandise inventory

= $43,500 + $27,000 + $102,000 + $125,000

= $297,500

And, the total current liabilities is $251,000

Now put these values to the above formula

So, the ratio would equal to

= $297,500 ÷ $251,000

= 1.18 times

The long term note payable is not a current liabilities,hence it is not considered in the computation part.

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3 years ago

an effect of the sarbanes-oxley act of 2002 was to: multiple choice reduce the circumstances in which one may file securities wi

mixer [17]

An effect of the Sarbanes-Oxley Act of 2002 was to reduce the accounting profession’s level of self-regulation.

<h3>What did the Sarbanes-Oxley Act of 2002 do?</h3>

The Sarbanes-Oxley Act of 2002 was passed in the wake of the Enron and WorldCom financial sagas in order to reduce the incidence of companies misleading their stockholders.

The Sarbanes-Oxley Act of 2002 led to more regulation over the accounting profession and a reduction in their self-regulation because large accounting companies had been implicated in the saga.

Find out more on the Sarbanes-Oxley Act of 2002 at brainly.com/question/13398903

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1 year ago

Mendrisio Company purchased a piece of machinery for $30,000 on January 1, 2019, and has been depreciating the machine using the

aleksley [76]

Answer:

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

Debit Credit

Depreciation Expense $3,000

Accumulated Depreciation $3,000

Explanation:

According to the given data we have the following:

Sum of year digits=5(5+1)/2

Sum of year digits=(5*6)/2

Sum of year digits=15

Depreciation for year 2019=$30,000*5/15

Depreciation for year 2019=$10,000

Depreciation for year 2020=$30,000*4/15

Depreciation for year 2020=$8,000

Therefore, book value as on january 1, 2021=$30,000-$10,000-$8,000

book value as on january 1, 2021=$12,000

Revised useful life=6 years-2 years=4 years

Therefore, Revised depreciation for 2021=$12,000/4

Revised depreciation for 2021=$3,000

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

Debit Credit

Depreciation Expense $3,000

Accumulated Depreciation $3,000

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2 years ago

True or false Five out of seven members of the Board of Cosmetology must have been licensed cosmetologists for at least five yea

sertanlavr [38]

Five members of the board must hold valid cosmetology licenses and shall have been working as cosmetologists for at least five years in this state. This statement is TRUE.

A seven-member Board of Cosmetology is established inside the department. Its members will be selected by the governor and confirmed by the Senate, and its job will be to carry out the terms of this act.
The rest of the unexpired terms on the board may be filled by the Governor at any time.
Each appointee must take the constitutional oath of office and submit it to the Department of State before beginning their duties as board members.
The board will choose a chair and vice chair from among its members in the month of January.
The board will hold as many meetings as it considers necessary throughout the year, one of which will be the annual meeting.

To know more about Cosmetology refer:

brainly.com/question/14069988

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8 months ago

You expect the price of a commodity to behave as follows over the next 12 months:

Vedmedyk [2.9K]

Answer:gfbvcxb

gcdb

Explanation:p;/'l;'

bnmvb nmdtyu6tut56u6jtyiop;ol0

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2 years ago