Answer:
Net Book Value of furniture:
= Cost price - Accumulated depreciation
= 8,000,000 - 7,700,000
= $300,000
a. $300,000 cash
Account Title Debit Credit
Cash $300,000
Accumulated Depreciation $7,700,000
Furniture $8,000,000
b. $900,000 cash
Account Title Debit Credit
Cash $900,000
Accumulated Depreciation $7,700,000
Furniture $8,000,000
Gain on disposal $600,000
c. $100,000 cash
Account Title Debit Credit
Cash $100,000
Accumulated Depreciation $7,700,000
Loss on Disposal $200,000
Furniture $8,000,000
Answer:
The correct answer is A. Orlando, Inc. incurred more debt specifically in its revolving line of credit.
Explanation:
The formula for the times interest-earned (TIE) ratio is:
TIE = Earnings Before Interest and Tax / Total Interest Payable
This ratio would decrease when the company's earnings decrease or when its interest payable increases, or when both occur simultaneously.
Considering option A, if Orlando Inc. incurs more debt in its revolving line of credit, it means it has to pay more interest. Therefore, when the company's Earnings Before Interest and Tax remain constant while its Total Interest Payable rises, its TIE ratio would fall.
This is exactly what happens as Orlando Inc.'s TIE ratio falls from 20.56 in 2018 to 7.35 in 2019. Hence, option A is correct. Options B to D would either cause the TIE ratio to rise or remain unaffected.
You will need...A. insurance in the event of a proffesional mishap.
Within the functioning segment of the business continuity coverage, the schooling requirements for the numerous employee corporations are described and highlighted.
An enterprise continuity coverage is the set of standards and hints a business enterprise enforces to make certain resilience and proper threat management. commercial enterprise continuity guidelines range by means of enterprise and enterprise and require periodic updates as technology evolves and enterprise dangers trade.
A commercial enterprise continuity plan has 3 key factors: Resilience, restoration, and contingency. An enterprise can boom resilience by designing important functions and infrastructures with various catastrophe possibilities in mind; this could encompass staffing rotations, facts redundancy, and maintaining a surplus of ability.
A commercial enterprise continuity plan refers to an organization's system of methods to repair essential business capabilities in the event of an unplanned disaster. these disasters could consist of herbal screw-ups, cyberattacks, provider outages, or different ability threats.
Learn more about commercial enterprise continuity here: brainly.com/question/14741339
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Answer:
The employer will be held liable.
Explanation:
If the external agent brings harm or injury to a third party in the course of an employment, the employer is held liable. When a principal directs an agent to commit for a tort or if the principal is aware of the consequences of carrying the instructions of the agent could cause harm or injure the person, then the principal is liable.
It is called direct liability.
The liability for the intentional tort which is imputed to the principal when the agent acts to further the business of the principal.
The agent is personally liable under the following circumstances :
- Foreign principal
- Agent signs the contract in his own name
- Non-existent principal
- Principal cannot be sued:
- Undisclosed principal
Example :
A credit card company hires a sales person and offers a company van to make sales in that area. The sales person uses the office van to official purposes. But one night, he drove the car to a friend's party and while coming he drove over a pedestrian. In this case, the owner of the company will not be held liable as the sales person uses the company van for his personal use while going out for party with his friends. While causing the accident, the sales person was not not using the office van for official purposes and was not tendering official duties at that time.