Answer:
The correct answer is letter "C": Estimated loss from an ongoing lawsuit.
Explanation:
A contingent liability is an amount that will need to be charged in the future but there are still outstanding problems that only make it a possibility. Litigation and the threat of litigation are the most common contingent liabilities, but this category also includes product warranties. If they are probable and the sum can be calculated, contingent liabilities must be reported on the company's Balance Sheet.
Answer:
None of these is correct
Explanation:
The substitution effects is the decrease in sales for a product that can be attributed to consumers switching to cheaper alternatives when its price rises. The substitution effect is based on the idea that as prices rise, consumers will replace more expensive items with cheaper substitutions or alternatives, assuming income remains the same.
The answer to this question is the <span>greatest benefit, at the lowest cost, in the shortest period of time. This type of projects usually will give the most satisfaction to the shareholders, and it also give the most boost for company to increase its assets so the company could obtain more workers and equipment that could be used to do larger projects
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Explanation:
After the failure of a drug factory in Latin America, James Bond — agent 007—goes to Miami Beach. Where he receives orders from his boss, M, by CIA agent Felix Leiter, to monitor the bullion dealer Auric Gold Finger, who is staying at the same hotel as Bond. The investigator sees Gold's finger gambling on gin rummy and saves him by manipulating his worker, Jill Master's son, and extorting Gold's finger from losing. Bondand Jill is consummating their current relationship; however, Bond is eventually deprived of Gold Finger's Korean manservant Odd's work. As Bond regains consciousness, he discovers Jill dead, coated in gold polish, dying from "epidermal suffocation."
In Paris, Bond discovers that his goal is to decide whether Gold Finger smuggles gold globally. Bond arranges to encounter Gold Finger socially and wins a high-stakes game of golf against him, with the Nazi gold bar at stake. Bond leads him to Switzerland, where Tilly, Jill Masterson's niece, attempts an futile attempt at vengeance by shooting a Gold Finger sniper gun.
Bond wanders into Gold Finger's factory and learns that he smuggles the gold by burning it down and putting it into the bodywork of his vehicle, which he brings with him every time he drives. Bond even overhears him speak about "Project Grand Slam" to a Red Chinese agent called Mr. Ling. Leaving, Bond comes across Tilly as she's attempting to destroy Gold Finger again, but she's creating an alarm in the process; odd job kills Tilly with her hat. Bond is caught and Gold finger binds Bond to the cutting table below the advanced torch, which proceeds to break a sheet of gold in two, with Bond sitting on it. Bond lies telling the Gold Finger which MI6 learns of Grand Slam, leading the Gold Finger to save Bond's life and trick MI6 into thinking that Bond has matters in order.
Answer:
a. $21,000
Explanation:
Opening retained earnings + net income - Dividend paid = closing retained earnings
Opening retained earnings = ?
Net income = $10,000
Dividend paid = $6,000
Closing retained = $25,000
Opening retained earnings + 10,000 - 6,000 = 25,000
Opening retained earnings = 25000 - 4000
= $21,000
