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Rus_ich [418]
3 years ago
10

A contingent liability is: Multiple Choice An obligation arising from a future event. A potential obligation that depends on a f

uture event arising from a past transaction or event. An obligation not requiring future payment. Always of a specific amount. An obligation arising from the purchase of goods or services on credit.
Business
1 answer:
7nadin3 [17]3 years ago
6 0

Answer:A potential obligation that depends on a future events arising from past transactions or events

Explanation:

A firm gets involved in various transactions one of which is an events which is probable to occur in future from past transactions which occurrence depends on the occurrence or non occurence of certain future events which is beyond the firm's control. A firm normally makes a disclosure of such in his account even when the liability can be estimated example is a legal suit against the firm.

It's does not arise from future events,It may involve making future payments which is not specific and it does not involve credit purchases.

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The Laresen Company uses the machine hour method of applying factory overhead to production. The budgeted factory overhead last
Pani-rosa [81]

Answer:

Total cost= $1,375

Explanation:

Giving the following information:

The budgeted factory overhead last year was $200,000, and there were 40,000 machine hours budgeted.

Job 84:

Direct materials= $900

direct labor hours= 25

Direct labor cost= $350.

First, we need to calculate the manufacturing overhead rate based on direct labor hours:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 200,000/40,000= $5 per direct labor hour

Now, we can calculate the total cost:

Total cost= direct material + direct labor + allocated overhead

Total cost= 900 + 350 + 5*25= $1,375

6 0
4 years ago
Which of the following are ways to motivate employees?
Fantom [35]

Answer:

The Answer is:

Set consequences for poor performance

Show appreciation

Set clear expectations

Be optimistic and positive

Set a vision and goals

Explanation:

I got it right trust

4 0
3 years ago
PRODUCT POSSIBILITIES QUESTION 20 point
Nina [5.8K]
The answer is all but D. 
the company cannot produce a combination of x,y when the plot is outside the line 
5 0
3 years ago
Read 2 more answers
A theory is a(n)A) idea that has been proven.B) concept in the early stages that still needs to be tested. C) C) description of
UNO [17]

Answer:

D

Explanation:

it's D because theory is a belief off what you see and hear

4 0
4 years ago
The required rate of return on a bond is:
____ [38]

Answer:

None of these choices are correct.

Explanation:

The required rate of return is the minimum return an investor expects to achieve by investing in a project, or in other words,

The required rate of return on a bond is the return that a bond issuer must offer in order to entice investors to purchase the asset.

They are predominantly set by market forces and determined by the price at which issuers and investors agree.

7 0
3 years ago
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