Answer:
Correct option is <u>Probable and the amount can be reasonably estimated.
</u>
Explanation:
As per accounting standards on Contingent liabilities, any liability which is likely to be incurred and which can be estimated effectively and reliably, shall be recorded in the books.
If it is probable but cannot be estimated, then a journal entry may not be recorded, but a foot note may be made.
If contingent liability is only possible (but not probable) only a foot note is required.
If contingent liability has remote possibility of occurrence, then neither an entry to record the liability nor a footnote is required.
<span>They both must choose how to allocate their resources.</span>
Answer:
The answer is D. Moral intensity
Explanation:
Motivation affects an employee's voluntary behavior and performance. A well-motivated employee tends to perform better than the one that is not being motivated.
Role perception too does influence. An employee that understands his role and duties tend to perform better than the one that doesn't.
Also situational factors like good working environment, the kind of people around someone also influence the performance.
Ability too does.
BUT moral intensity doesn't because this is about the moral believe. It purely deals with ethical behavior which is not related to a worker's performance.
Answer:
C) A firm's marginal cost curve is equal to its supply curve for prices above average variable cost
Explanation:
A perfectly competitive firm maximizes its profit when its marginal cost = marginal revenue. In the short run, it will continue to produce even if the marginal revenue is lower than its marginal costs, as long as the marginal costs are ≥ average variable costs.
Therefore, all perfectly competitive firms should supply products or services following its marginal cost curve as long as the price ≥ average variable costs.
The answer is a.True
The cost of the fixed asset is already excluded from the net income. In this case, the rate of return can be computed by the total net income divided by the cost of the fixed asset. So that would be $200,000/$400,000. The rate of return would be 50%
