Answer:
Cruz Company
Indicating whether to (a) record a liability, (b) disclose in notes, or (c) have no disclosure.
Transaction Remark
1. Guarantee of supplier's debt (c) have no disclosure
2. Damages for disgruntled employee (b) disclose in notes
Explanation:
When it is not probable that the supplier whose debt is guaranteed by Cruz will default on the debt, there is no need to make a disclosure since probable liability is not accruing to Cruz. But with the legal case of a disgruntled employee, Cruz should disclose the information in a note. It can only be recorded as a liability when the amount of the damages can be reasonably estimated.
Answer
The answer and procedures of the exercise are attached in the image below.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
The correct answer is letter "A": Health insurance covers the cost of healing the injury or illness, while long-term disability covers the money you would have made, such as a percentage of your salary.
Explanation:
It is important for employees to be enrolled in both health insurance and long-term disability plan. Health insurance would cover the medical expenses of assistance whether the individual can still work or if that person needs days off. However, the days of work lost will not be taken in charge. There is where long-term disability comes into play. Long-term disability pays the insured a percentage of the wage that person would have received while working.
The total value of final goods and services produced within a nation's borders within a given year is known as that nation's gross domestic product.
<h3>What is the
gross domestic product?</h3>
Gross domestic product is the total sum of final goods and services produced in an economy within a given financial year. The gross domestic product is usually used as a measure of economic growth.
One of the ways used to determine the value of gross domestic product is the expenditure method:
GDP = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Where: Net export = exports – imports
To learn more about GDP, please check: brainly.com/question/15225458
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Answer:
Forward rate= Spot rate * (1+ US interest rate)/(1+Euro interest rate)
= 1.05*1.05/1.03
Forward rate= $1.0704/€
Explanation:
