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puteri [66]
4 years ago
12

Which of the following is a contingency that would most likely require accrual? Sales tax payable. Customer premium offers. Pote

ntial liability on a product where none have yet been sold. Potential claims on extended warranties.
Business
1 answer:
BARSIC [14]4 years ago
5 0

Answer:

The correct answer is B

Explanation:

The contingency is the plan, which is course of action for the business that would take if an unexpected situation occur. So, the contingency plan is the plan or method which ensures that the business is prepared for what may come.

Accrual for contingency, it is the information which is available previously to issuance of the financial statements that indicates the assets has been impaired and the loss amount could be reasonably estimated.

The one which is most likely need the accrual is the customer premium offers as it is the technique of sales promotion where the customers are provided two or more products and they pay the price lower of the combined products.

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Which of the following customers generally switch companies easily
Tema [17]
By their decisions. They might have a 40% chance of getting their career they want. this is difficult to change from a customer to a company. But if you're looking for who make more money it is company's as rated 7/10 as 2x money earned as customer.
3 0
3 years ago
67. A provision in a whole life policy that allows a policy owner to terminate the policy in return for a reduced paid-up policy
butalik [34]

Answer:

nonforfeiture provision.

Explanation:

A nonforfeiture provision in a cash value life insurance policy allows a policy owner to terminate the policy in return for a reduced paid-up policy of the same type.) (A partial surrender allows the policyowner to withdraw the policy's cash value interest free.)

3 0
3 years ago
The cost of advertising is part of the firm's _______ costs and if advertising enables the firm to sell a greater output, its av
Mumz [18]

The cost of advertising is part of the firm's variable cost and if advertising enables the firm to sell a greater output, its average total cost does not change.

Variable costs are dependent on the  production output and  sales. The variable cost of production is a constant amount per unit produced.

As the volume of production and output increases, variable costs will also increase. Alternatively,  when fewer products are produced, the variable costs associated with production will consequently decrease.

Different examples of variable costs are sales commissions, cost of raw material, direct labor costs,  used in production, and utility costs.

To know more about variable costs here:

brainly.com/question/27853679

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6 0
2 years ago
The process cost summary presents calculations of the cost of units completed during the reporting period, but does not present
algol13

The statement "The process cost summary presents calculations of the cost of units completed during the reporting period, but does not present any information about the ending goods in process inventory" is False

Explanation:

An overview of the cost of the process is a manufacturing report which shows the costs, generated units and the cost for production models of a department. This report, in other words, summaries all of the department or process ' manufacturing activities.

The specific production processes and related expenses must first be established to assess a cost of production in a process costing system. The total costs per process over the duration must be calculated by the amount of units produced during that time until processes and expenses are recognised.

4 0
4 years ago
What is the pattern of 0.03 , 0.3 , 3 , 30
scoundrel [369]
The answer would be 300
4 0
4 years ago
Read 2 more answers
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