Answer: Because that gives them an idea if the company is taking into account the necessary aspects of hiring someone.
Explanation:
Hiring is an important part of the process of any company, the employer wants to be sure that is taking the right candidate but this process needs to be done in the best way possible. When employees review their hiring process they can see if they had a good or not so good hiring process, this means if during the process they felt comfortable and if the employer took into account the right aspects of what the company is looking for.
The hiring process needs to be fair and that is something the employees should felt. They also need to evaluate if they had the right abilities to do the job and if that was taking into account.
Answer:
new pretax net interest income = $300,000
Explanation:
given data
interest rate spread = 150 basis points
interest bearing liabilities = $30 million
to find out
bank's new pretax net interest income will be
solution
we will get bank's new pretax net interest income that will be express as
new pretax net interest income = $30 million × ( 1.5 % - 0.5 % ) ...............1
solve it and we get
new pretax net interest income = $30 million × ( 1.5 % - 0.5 % )
new pretax net interest income = $30,000,000 × ( 1 % )
new pretax net interest income = $300,000
Answer:
Economic profit is $0
Explanation:
Economic profit is sales revenue minus both explicit and implicit costs.
Explicit costs are the costs that involve actual cash movements,whereas the implicit costs are the costs or benefits forgone,for the benefits Bob had to forgo in order to run his own business such the salaries that could he could earn if he takes up an employment rather than self-employment.
Sales revenue $90,000
less explicit costs:
Insurance ($5,000)
Material costs ($25,000)
Lease payments ($10,000)
implicit cost:
Salaries forgone ($50,000)
Economic profit $0
Answer: A
Explanation: by purchasing supplies and services as a group
Answer:
Please find the detailed explanation below.
Situation 1 and 2 have disclosure while situation 3 does not require any disclosure.
Explanation:
Situation 1. Accrual. The one-year warranty has created what is known as contingent liability. Contingent liability is a type of liability that is dependent on the outcome of some specific actions which has happened in the past. The eventual liability may or may not happen. But since the probable claim from the one-year warranty has been determined, it should be disclosed. But if the claim cannot be determined, it shouldn't be disclosed.
Situation 2. Since this contract happened before the issuance of financial statement and the amount of loss from this contract can be reasonably estimated or determined, then it must be disclosed and the likely amount must also be disclosed. This disclosure will be under 'note to the financial statement'.
Situation 3. This is a self insurance and self insurance is not an insurance. There is no contingent liability in this situation. Also, there is no accident, no injury. Hence, this is no disclosure here.
