Answer:
The omission of this entry understated accrued liabilites. given that the related inventory was sold in year 1, it aslo overstated net income and retained earnings by understating cost of goods sold, the same effects would occur if the insurance costs were chargeable to expense as a period cost
Explanation:
Rules specify that contingent liabilities should be recorded in the accounts when it is probable that the future event will occur and the amount of the liability can be reasonably estimated. This means that a loss would be recorded (debit) and a liability established (credit) in advance of the settlement.
Answer:
B. Are the performance measures fair?
Explanation:
In order to know whether the methods used by the system are acceptable to both the supervisor and employees, the best question Marissa can ask about the method used is if it is fair? Fair here indicates whether the supervisor or employees think the performance measures or method used isn't bias and shows no favouritism or discrimination. The level of fairness shows/determines the acceptability of employees on the performance measures.
This is an example of a non-disparagement agreement.
<h3><u>What is a non-disparagement agreement?</u></h3>
A part of an agreement, such as an employment contract, separation agreement, or marital settlement agreement, stipulates that the involved parties are prohibited from making any negative statements, remarks, or representations about each other. Such clauses are in prevalent use to prevent (ex) employees from adversely affecting the business of employers with disparaging public statements either during or after the employment period has ended.
<h3><u>What Takes Place If a Non-Disparagement Clause Is Broken?</u></h3>
A non-disparagement agreement is still a contract with potential legal repercussions if you don't uphold your half of the bargain, just like any other legal instrument. A breach of a non-disparagement agreement typically has financial repercussions. You might be required to repay all or a portion of your severance pay if non-disparagement was a requirement for you to receive it, depending on the terms of the agreement.
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The long range predictors in the question are:
- Relative monetary growth
- relative inflation rates
- nominal interest rate differentials
The short range predictors in the question are:
- psychological factors
- investor expectations
- bandwagon effects
<h3>What are long range indicators?</h3>
These are the indicators that are able to provide a prediction for the way that an economy would be in the future.
<h3>What are short range indicators?</h3>
These are the instruments that are used periodically to check the economic trends whioch happenly usually more than once in a year.
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The term that describes an organization's active effort to find opportunities to hire or promote people in a particular group is known as affirmative action.
<h3>What is affirmative action?</h3>
It should be noted that affirmative action simply means a set of procedures that are put in pace to curb discrimination.
Therefore, the term that describes an organization's active effort to find opportunities to hire or promote people in a particular group is known as affirmative action.
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