Answer:
The answer is 31%
Explanation:
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Answer:
A potential obligation that depends on a future event arising from a past transaction or event
Explanation:
A contingent liability is a potential obligation that depends on a future event arising from a past transaction or event.
Contingent liability are usually recorded in the financial statements if :
A. The contingency is likely to occur
B. The amount can be estimated.
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Answer:
E. $148,600
Explanation:
Cash flow from operating activities.
Net income. $134,000
Add: Depreciation. $30,000
Less: Gain on sale ($4,000)
Changes in working
Capital
Add: decrease in
Accounts receivable $9,400
Less: increase in
Merchandise inv. ($18,000)
Less: increase in
Prepaid expenses ($6,200)
Add: increase in
Accounts payable $3,400 ($14,600)
Net cash provided used by $148,600
Operating activities
Answer:
No. She suffered no physical impact
Explanation:
Negligent infliction of emotional distress occurs when a person engages in an act that can cause severe emotional distress to another .
The plaintiff must be able to prove that the act was done willfully or provide an evidence that
- It was a result of defendant's negligence
- Plaintiff suffered emotional distress a direct result of the action
- The action was foreseeable by the defendant
- The plaintiff was in a danger zone
before he can win a claim.
The question here is how to prove emotional stress? The plaintiff must be able to show a verifiable physical injury that is linked to the emotional distressed suffered.
Answer:
$2,800
Explanation:
An interest only loan represents a type of loan offer where a borrower is only expected to pay the interest either for some of the term of the loan as agreed or for all of the terms of the loan. However, the principal amount that is collected remains constant all through the agreed interest -only period.
Since the loan obtained by John's Auto Repair is Interest Only, it means that the principal of $35,000 remains constant.
Hence, in the 8th year, John is expected to pay only the interest for the period =
0.08 x $35,000
= $2,800