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zzz [600]
3 years ago
5

A contingent liability is an obligation that should be: Question 2 options: A) Recorded in the accounts and classified in a cont

ingent liabilities section of the balance sheet between current liabilities and long-term liabilities B) Classified in the owners' equity section of the balance sheet when the future event creating the liability is not likely to occur C) Disclosed in a footnote to the balance sheet when the contingency is remote D) Recorded in the accounts if the amount may be reasonably estimated and it is probable that the future event creating the obligation will occur
Business
1 answer:
tester [92]3 years ago
6 0

Answer:

D) Recorded in the accounts if the amount may be reasonably estimated and it is probable that the future event creating the obligation will occur

Explanation:

This is the best answer to the question

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Racicky was in the process of buying 320 acres of ranchland. While that sale was being negotiated, Racicky signed a contract to
deff fn [24]

Answer:

The correct answer here is Restitution.

Explanation:

The remedy which is available here to Simon is restitution ( termed as Restitutionary damages), according to this remedy a injured party ( Simon in this case ) would be compensated for the losses or damage that he has suffered because of the actions of the defendant ( Racicky in this case ). So here Racicky has to submit any gain that he has received by causing damage to the Simon.

Here expectation can't be the answer because Racicky is now bankrupt and specific performance can't be the answer because Racicky is not the owner of the land , he hasn't bought it because he has gone bankrupt.

5 0
3 years ago
Carl wants to add a new slide to his PowerPoint presentation. Which option should he use?
Orlov [11]

The question is incomplete:

Carl wants to add a new slide to his PowerPoint presentation. Which option should he use?

A) On the Insert tab, click the Insert New command.

B) On the Insert tab, click the Add New command.

C) On the Home tab, click the New Slide command.

D) On the Home tab, click the Arrange command.

Answer:

C) On the Home tab, click the New Slide command.

Explanation:

PowerPoint is Microsoft software that is used to prepare presentations. If you want to add a new slide that is a page of the presentation, you can go to the home tab that is the default tab that appears on the top of the program and choose the option new slide. According to that, the answer is: on the Home tab, click the New Slide command.

The other options are not right because there is no insert new or add new command on the Insert tab and the arrange command is used for organizing the objects.

6 0
3 years ago
Minor Electric has received a special one-time order for 1,500 light fixtures (units) at $5 per unit. Minor currently produces a
Maslowich
The company should accept the special order because it will get an additional profit of $4,000 ($12,500 - $7,500 - $1,000) for the special order. This additional profit amount can be acquired by separating the effect from the special order on each cost and sales of the company's business. The sales should increase by $12,500 ($5 x 2500 unit) amount if the job is taken and the variable cost should increase by $7,500 ($3 x 2500 unit). Lastly, the fixed cost should increase by $1,000 (the new machine).
3 0
3 years ago
Read 2 more answers
What is the expected value when a $1 lottery ticket is bought in which the purchaser wins exactly $10 million if the ticket cont
Nadusha1986 [10]

We expect to lose $0.37 per lottery ticket

<u>Explanation:</u>

six winning numbers from = { 1, 2, 3, ....., 50}

So, the probability of winning:

P(win) = \frac{ no of favorable outcomes}{no of possible outcomes}

P(win) = \frac{1}{^5^0C_6} \\\\P (win) = \frac{6! X (50 - 6)!}{50!} \\\\P(win) = \frac{6! X 44!}{50!} \\\\P(win) = \frac{1}{15,890,700}

The probability of losing would be:

P(loss) = 1 - P(win)

P(loss) = 1 - \frac{1}{15,890,700} \\\\P(loss) = \frac{15,890,699}{15,890,700}

According to the question,

When we win, then we gain $10 million and lose the cost of the lottery ticket.

So,

$10,000,000 - 1 = $9,999,999

When we lose, then we lose the cost of the lottery ticket = $1

The expected value is the sum of the product of each possibility x with its probability P(x):

E(x) = ∑ xP(x)

= 9,999,999 X \frac{1}{15,890,700}  + ( -1 ) X \frac{15,890,699}{15,890,700} \\\\=- \frac{5,890,700}{15,890,700} \\\\= - \frac{58,907}{158,907} \\\\= - 0.37

Thus, we expect to lose $0.37 per lottery ticket

7 0
3 years ago
Due to technological changes in the nature of work and global competition, the Dictionary of Occupational Titles (DOT) has been
zysi [14]

Answer:

a. True

Explanation:

DOT stands for the Dictionary of Occupational Titles. It is the publication which was produced by the Department of Labor of the United States of America for the working people that helped the employers, the government officials, and the other workforce development professionals in order to define over 13,000 different types of work from 1938 to the late 1990s.

But now, due to the advancement in technologies and change in the nature of job of many works the previous publication was replaced by the new Occupational Information Network which suits with todays technology and development in the working conditions. It is shortly known as the O*NET.

Hence the answer is TRUE.

4 0
3 years ago
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