Answer:
Contingencies are potential liabilities that might result because of a past event
Explanation:
Reasonably possible losses are only described in the notes and remote contingencies can be omitted entirely from financial statements.
Answer:
Annual interest rate = 8.23%
Explanation:
The annual interest rate i must have earn over the last 8 years to accomplish this goal is:
= ((25650/(9000*(1+6.1%)^7))^(1/8))-1
= ((25650/(9000*1.513588))^(1/8)) - 1
= ((25650/13622.29)^(1/8) - 1
= 1.882943323038931^(1/8) - 1
= 1.08231743862 - 1
= 0.08231743862
= 8.231743862%
= 8.23%
Answer:
The correct answers are letters "A", "B", and "C".
Explanation:
Corporate bonds are securities that firm issues to be sold to investors to raise funds that will be using to keep the company up and running. Investors profit from the interest rate dealt in the bond agreement or sometimes they obtain physical assets of the organization as collateral. If in the <em>secondary market bonds</em> are issued at a premium, the premium can be amortized or applied to the bond base but if the bonds were issued at a discount, <em>discount bond rules</em> take into place. The <em>interest payment received</em> thanks to the bonds are recorded in the gross income.
Answer:
He is an <u><em>Underemployed Worker</em></u>
Explanation:
Underemployment takes place <em>when not all of the skills, education, or availability of workers ' jobs are used to work.</em>
There are two types of underemployment, visible and invisible, as per the Organization for Economic Cooperation and Development.
Visible underemployment involves employees who work less than the average hours in their profession. They are desperate to work longer hours, so they can't get permanent jobs.
Invisible underemployment involves employees who do not use all of their skills in full-time jobs. This where Archie falls in. It's almost impossible to measure this sort of underemployment. It requires considerable study comparing the skills of workers to the requirements of employment.
Answer: $33,400
Explanation:
The annual depreciation using the straight-line method is;
= (Cost - Residual value) / Useful life
= (45,200 - 3,900) / 7
= $5,900
On December 31, 2020, the vehicle would have depreciated by 2 years so the book value would be;
= Cost - Accumulated depreciation
= 45,200 - (5,900 + 5,900)
= $33,400
