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Maksim231197 [3]
3 years ago
15

Titan Company is being sued for $200,000 and the attorney advises Titan that they will probably lose the lawsuit and is estimate

d Jones will pay the full amount of $200,000. Titan Company would need to record ________.
Business
1 answer:
Harrizon [31]3 years ago
5 0

<u>Answer: </u>a credit to a liability

<u>Explanation:</u>

Credit to liability is recorded when a firm knows that it will loose in its case and it has to pay compensation for the law suit. The payment for the law suit is a liability to the firm.

Titan company's attorney has mentioned that the company would probably lose in the law suit and would have to pay an amount of $200,000. This amount will recorded as the credit to liability in the books of Titan Company.

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1. The period of time a person is expected to be in the work force is referred to as: a. Retirement life expectancy. b. Work lif
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Read 2 more answers
You have found an asset with an arithmetic average return of 14.60 percent and a geometric average return of 10.64 percent. Your
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Answer:

return of the asset =  13.94%

return of the asset =  13.11%

return of the asset = 11.46 %

Explanation:

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average return = 14.60 percent

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observation period = 25 years

solution

we get here return of the asset over year  by Blume formula that is

return of the asset = ( T- 1 ) ÷ ( N - 1)  × geometric average + ( N -T)  ÷ ( N - 1)  × arithmetic average   ..................1

here N is observation period and T is time

put value in equation 1

return of the asset = \frac{5-1}{25-1} *0.1064 + \frac{25-5}{25-1} * 0.1460

return of the asset = 0.1394 = 13.94%

and

return of the assets = \frac{10-1}{25-1} *0.1064 + \frac{25-10}{25-1} * 0.1460

return of the asset = 0.13115 = 13.11%

and

return of the assets = \frac{20-1}{25-1} *0.1064 + \frac{25-20}{25-1} * 0.1460

return of the asset = 0.11465 = 11.46 %

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3 years ago
Dana is assigned to create a training program for newly hired mortgage loan officers. She has the ____ to complete this assignme
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The main difference between the loan and mortgage loan is-

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