Answer: Option B and C
Explanation: In simple words , contingent liabilities refers to the liabilities the occurrence of which depends on the happening of an event that may or may not occur in the future.
These are recorded in the accounts only when the payment is to be made in future and that payment could be reasonably estimated.
Hence the correct option is B and C
Answer: The answer is as follows:
Explanation:
Given that,
Used car $93.38 per month for 60 months
Cash price = $4,200
Down payment = $50
(a) Amount Financed = Total Value (Cash Price) - Down Payment
= 4200 - 50
= $4150
(b) Finance Charge = Total payments - Amount Financed
= 93.38 × 60 - 4150
= 5602.8 - 4150
= $1452.8
(c) Deferred payment price = Down Payment + Total payments
= 50 + 5602.8
= $5652.8
Answer:
B. New applications for unemployment insurance
D. Stock prices
Explanation:
Unemployment benefits claims is one of the most powerful leading economic indicators, because it can predict, with a high degree of accuracy, the unemployment rate of the next economic periods.
Stock prices are also included in the index of leading economic indicators, more specifically, the Stock Prices of the S&P 500. Stock prices are a leading indicator because investors try to carefully invest in those companies they feel will have a good performance in both the short-term and the long-term.
Answer:
C. retailer
Explanation:
A retailer is a business entity that buys goods from manufacturers or wholesalers and sells them to the end-users. A retailer is, therefore, a middleman who helps customers acquire products from manufacturers.
There are several types of retailers classified according to their size and nature of business. Departmental stores are the largest retailers. They stock a wide range of products from electronics, jewelry, food items, furniture, clothing, to books, all under one roof. Other retailers include supermarkets, drugstores, restaurants, convenience stores, and discount stores.
Retailers make profits by buying goods at a wholesale or factory price and selling them at a higher retail price.
Answer:
D) neither I nor II
Explanation:
Yearly or Annual renewable term insurance (ART) is a specific type of life insurance policy that offers the individual life insurance for a set amount of years following the signing of the insurance policy. Therefore based on this information it can be said that neither of the statements listed in the question are true.
