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Taya2010 [7]
3 years ago
15

Wooten Co. is being sued for illness caused to local residents as a result of negligence on the company's part in permitting the

local residents to be exposed to highly toxic chemicals from its plant. Wooten's lawyer states that it is probable that Wooten will lose the suit and be found liable for a judgment costing Wooten anywhere from $1,800,000 to $9,000,000. However, the lawyer states that the most probable cost is $5,400,000. As a result of the above facts, Wooten should accrue
A) a loss contingency of $1,800,000 and disclose an additional contingency of up to $7,200,000.
B) a loss contingency of $5,400,000 and disclose an additional contingency of up to $3,600,000.
C) a loss contingency of $5,400,000 but not disclose any additional contingency.
D) no loss contingency but disclose a contingency of $1,800,000 to $9,000,000.
Business
1 answer:
Aleksandr-060686 [28]3 years ago
6 0

Answer:

B) a loss contingency of $5,400,000 and disclose an additional contingency of up to $3,600,000.

Explanation:

The company should make the loss occur at this accoutning cycle as the current information states it will be a reasonable amount.

It should however make an additional disclosure but not a journal entry for the difference which isn't posted as it may occur and people willing to invest or lend the firm should be aware of these potential loss figures.

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Mikhail's claim has been denied once. Now, he is writing a second persuasive claim message to his digital media services company
Fynjy0 [20]

Answer:

a) Appeal to the receiver's sense of responsibility and pride in the company's good name

Explanation:

Persuasive messages refer to communicating an idea so as to persuade the recipient towards an action.

Such messages are usually drafted by sales and marketing personnel.

While drafting a persuasive message, AIDA (Attention, interest, desire and action) principle is usually followed by the marketers.

In the given case, Mikhail's claim has already been denied once and he is drafting the second persuasive message. As he expects resistance from the media company, he should draw the attention of the recipient towards their own responsibilities and duties and pride relating to the good reputation of the company.

He may choose to express, what the receiver's responsibility and duties are and how non performance of those puts the company's reputation (pride) at stake.

8 0
3 years ago
he support manager at Universal Containers wants a dashboard that shows the number of cases that remain open as of 5:00 p.m. eac
erma4kov [3.2K]

Answer:

A. Report based on a reporting snapshot that runs daily at 5:00 p.m.

Explanation:

Since the support manager needs a dashboard in the given situation that reflects the number of cases that stay open at 5:00 p.m every day at Universal Containers and in this case, every day at Universal Containers, he likes to work on a reporting snapshot running daily at 5:00 p.m. because it shows the real-time status or we may say that the current status is really required.

hence, the correct option is a.

7 0
3 years ago
• Compare and contrast the characteristics of the academic and practitioners research communities and explain which audience you
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Answer:

The research is aimed to reach the academics audience because the terminology, the structure of the research report and the analisys of the findings should reach academic standards, being a starting point for developing practical strategies to bring together practical inconsistancies

7 0
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Setler [38]

Answer:

syntific mamagement loss it relevance its relevs today it will might today it will not lost revalance

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During last month, your beginning inventory was $17,500, your purchases were $19,252, and your ending inventory was $15,757. Wha
kicyunya [14]

$20,995

Cost of goods sold:

17,500 Beginning inventory

+19,252 Plus purchased inventory

- $15,757 Minus ending inventory

=20,995 Cost of Goods Sold

7 0
3 years ago
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