Answer:
$525
Explanation:
Calculation for The equivalent value today
Equivalent value=$500 × (1+.05)
Equivalent value=$500 × (1.05)
Equivalent value= $525
Therefore The equivalent value today is closest to:$525
The amount of loss that should be recognized is the <u>minimum amount </u><u>of the </u><u>range. </u>
<u />
<h3>Recording a Contingent liability </h3>
- It should only be recorded if the loss is probable and the amount to be incurred as liability can be reasonably estimated.
- If neither of the above are possible, the loss would be recorded as a footnote.
US GAAP rules state however that if the loss is probable and the amount is in a range, the amount to be recorded as a contingent liability should be the minimum of the range.
In conclusion, they should recognize the minimum amount.
Find out more on contingent liabilities at brainly.com/question/17371330.
Answer:
Effectively
Explanation:
In achieving competitive advantage in any market, key decisions are meant to be taken. These decisions could be to either provide superior value to customers either through product size increase or cheaper prices to customers or by delivering existing value more effectively.
In delivering value more effectively, distribution could be key here as a better and more efficient distribution network will ensure delivering value to consumers.
I hope this helps.
Answer:
in my best defence, the answer is 22
Explanation: