<span>A party who agrees to act on behalf of another person or party is called an agent.</span>
Answer:
The example that represents economic globalization is:
D. a Japanese store selling tea and spices from South Asia
Explanation:
The reason behind this answer is that globalization is the concept designed to understand the economic activity of a certain country outside its borders and engaging commercial activities in its zone with different countries or in zones further away. Then, because they are doing business around the globe they are doing a globalization economy.
Answer:
the proper recording of this liability each year from 2016 through 2018 under GAAP is $150,000.
Explanation:
since the first amount cannot be determinable now, we cannot record it as a liability.
After the settlement of the dispute by the customer and company outside the court the company should record the loss and a liability at an amount of $150,000 because it is certain and determinable now.
Answer:
The amount recognized as a provision for loss contingency is $220,000
Explanation:
According to the United States Generally Accepted Accounting Principles (US GAAP), the provision for loss contingency should be recognized based on the estimated amount. If the range is given then we should report the lower amount or minimum amount
In the given question, two amounts are given i.e $220,000 and $250,000
So $220,000 should be reported
Answer:
$185,920
Explanation:
Calculation for What is the amount of the operating cash flow
Using this formula
Operating cash flow=(Sales *Profit margin)+Depreciation
Let plug in the formula
Operating cash flow=($982,000*6%)+$127,000
Operating cash flow=$58,920+$127,000
Operating cash flow=$185,920
Therefore the amount of the operating cash flow will be $185,920
