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Maksim231197 [3]
4 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]4 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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Joy and her manager agreed in January that in order to be ready to take on a new group project in June, Joy should complete a cl
Slav-nsk [51]

Answer:

were situational constraints

Explanation:

Situational constraints represent the external factors that slows the performance of the workers. Here the workers have not a knowledge regarding to their field such as how to use the material equipment etc

Since in the question it is mentioned that she is unable to attend the training as her manager thinks that there would be situation constraints which do not permit Joy for finishing the objective

So the above represent the answer

6 0
3 years ago
Jordon and Heidi share income equally. For the current year, the partnership net income is $40,000. Jordon made withdrawals of $
aleksley [76]

Answer:

a.$46,000

Explanation:

A partner ship account records the transactions related to partnership. All transaction of withdrawal, Profit allocation etc. are recorded to determine the closing balance of each partner.

Ending Capital Balance = Beginning Capital balance + Income allocation for the year - withdrawals

Jordon's Ending Capital Balance = $40,000 + ( $40,000 x 0.5 ) - $14,000

Jordon's Ending Capital Balance = $40,000 + $20,000 - $14,000

Jordon's Ending Capital Balance = $46,000

3 0
3 years ago
A public service ad on television shows a young boy resisting the attempts of someone off-camera to persuade him to accept drugs
Stells [14]

Answer: Attitude inoculation

Explanation:

Attitude inoculation is referred to as the technique or method which is used in order to make an individual immune to the attempts taken in order to change the attitude thereby firstly exposing themselves to the small arguments taken against their position. It is referred to as so since it tends to works similarly like a medical inoculation, that exposes an individual's body to the weaker state of the virus.

5 0
4 years ago
on june 19, a u.s. company sold and delivered merchandise on a 30-day account to a german corporation for 190,000 euros. on july
Lesechka [4]

On June 19 the accounts receivable should be recorded at the spot rate: $228,190 ($190,000 Euros * $1.201), which is the rate at which the Euro and the US Dollar were being exchanged at the time.

Many US-based enterprises sell goods to companies abroad. Depending on the discussions and the circumstances surrounding the sale, these sales may be made in US dollars or in another currency. If the sale is made in a foreign currency, the US-based company will be responsible for any fluctuations in the exchange rate from the time the sale and receivable are recorded until the time the foreign currency is paid for the related foreign currency-related receivable.

The accounts receivable should be recorded (converted from Euros to US Dollars) at the spot rate on June 19: 190,000 Euros * $1.201, which is the exchange rate at that time between the Euro and the US Dollar, equals $228,190.

To learn more about Accounts Receivables, refer to this link:

brainly.com/question/14032135

#SPJ4

8 0
1 year ago
Q 6.20: Switzer, Inc. has 8 computers which have been part of the inventory for over two years. Each computer cost $600 and orig
borishaifa [10]

Answer:

$400 .Since inventory is valued at cost or market value(current replacement cost) whichever is lower .

Therefore value of inventory : $400*8=$3200

Explanation:

8 0
4 years ago
Read 2 more answers
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