Answer:
Yes the company must recognise the effects of this ruling.
Explanation:
As provided the law suit was initiated in the year 20x2, because of the activity happened in April 20x2.
Accordingly, company was already prepared for a liability of $100,000.
Whenever an event that occurs after the balance sheet is a mere confirmation to what was expected on balance sheet date, or is in alignment with things on record on the balance sheet date, it shall be provided in the balance sheet of that year.
In the given case the law suit was pending on the balance sheet date and was recorded as a liability then, now after the declaration by the judge, the additional liability of $20,000 shall be provided in the financial books of year 20x2.
Business environment is simply the environment in which the business operates.
It includes the industry situation, the customers, the suppliers, the demand and supply of products of business, competitive position, government regulations, and everything that affects the business, directly or indirectly.
Answer:
No. The classified document should not be shared with Carlos
Explanation:
Based on the information given the classified document should not be shared with Carlos because Carlos is not part of the Project X team and he does not have a "need-to-know" secondlly no one else is supposed to be given automatic access to the Secret document in my possession related to Project X or the classified information solely because the person is my superior or because of the person rank, position or security clearance.
This is an example of market development growth.
<h3>
What is market development?</h3>
- Market segmentation for existing products is identified and developed as part of a growth plan.
- A development plan focuses on non-buying clients in the segments that are already targeted.
- Additionally, it aims to reach fresh markets of clients.
<h3>What is custom?</h3>
- A custom is a long-standing behavior of an individual or group (such as a daily routine) (such as a cultural practice).
- When used as an adjective, custom designates something created to specific requirements, especially something distinctive.
- Custom-made is a synonym for it.
<h3>What is market penetration?</h3>
- When a product or service is successfully sold in a particular market, this is referred to as market penetration.
- The sales volume of an existing good or service in relation to the overall target market for that good or service is used to measure it.
<h3>What is product development?</h3>
- New product development in business and engineering refers to the entire process of launching a brand-new product, updating an already-available product, or launching a product in a new market.
- Product design, along with many commercial factors, is a key component of NPD.
<h3>What is diversification?</h3>
- Diversification in finance refers to the process of allocating capital in a way that limits exposure to any one specific asset or risk.
- Investing in a variety of assets can help lower risk or volatility, which is a frequent step towards diversification.
Therefore, this is an example of market development growth.
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