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Maslowich
4 years ago
12

If you injure yourself bungee jumping and sue the bungee jumping company, what might the bungee company claim in defense?

Business
1 answer:
Digiron [165]4 years ago
4 0
<span>The bungee company can claim you knew the risks of bungee jumping as the jumper signed and complied with all the paperwork and consent forms before performing the jump.</span>
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A customer of Razor Sharpeners alleges that Razor's new razor sharpener had a defect that resulted in serious injury to the cust
Setler [38]

Answer:

Razor should accrue a liability in the amount of $0.

Explanation:

If the likelihood are likely and the quantity can be calculated with satisfactory precision, a contingent liability is to be accumulated. The amount cannot be calculated with reasonable precision in the given situation so no liability is to be acknowledged. Therefore Razor should accrue a liability in the amount of $0.

5 0
3 years ago
A highly ethical organization must have all the following elements except Multiple Choice corporate credos. role models. payment
givi [52]

Answer:

The correct answer is letter "C": payment plans.

Explanation:

<em>Highly ethical organizations</em> are those with a well-established <em>Code of Ethics </em>that comprises its <em>corporate credos and values.</em> Within a company, the idea of having "<em>heroes</em>" also helps to spread good practices since they are taken as <em>role models </em>so other employees tend to follow their example. Managers must be aware of the ethical behavior of employees to correct or eliminate any existing threat.

Thus, <em>having different payment plans are not considered in the setting of a corporation's Code of Ethics. </em>

7 0
3 years ago
1. A county uses the GAAP basis to report encumbrances. At the end of 2020 there are purchase orders outstanding, for which the
hram777 [196]

Answer:

A. Expenditures for 2020 will include the $40,000 purchase orders.

Explanation:

The only accounting technique or principle that is accepted by GAAP which is generally known as the generally accepted accounting principles, is the accrual basis accounting technique. This technique pertains to the matching principle by recording the income whenever it is earned and expenses as they happen.

The four fundamental constraints that are associated with GAAP include materiality, objectivity, consistency and prudence.

4 0
3 years ago
Which source of investor income is susceptible to double taxation?
sesenic [268]
Double taxation is occurs when income taxes<span> are paid twice on the same source of </span>earned income. The income  can be taxed at both the corporate level and personal level.<span>
</span><span>Dividends as a source of investor income is susceptible to double taxation.</span>
3 0
3 years ago
.Sam is known by his colleagues as a great communicator, with an uncanny ability to shift speech patterns, expressions, and body
Firdavs [7]

Answer: (C) Physical

Explanation:

 The physical is one of the type of component pf the cultural intelligence that is specifically used for understanding the capabilities for effectively managing the work.

The cultural intelligence helps in encouraging, motivating and also support the employees in the company.

According to the given example, the Sam is known as the great communicator skills which include the body language, shift the pattern of the speech and also the expression.

Therefore, Sam is showing his strongest side by managing the physical cultural intelligence.    

 

3 0
3 years ago
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