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nika2105 [10]
3 years ago
13

Oriole Shoes Foot Inc. is involved in litigation regarding a faulty product sold in a prior year. The company has consulted with

its attorney and determined that it is possible that they may lose the case. The attorneys estimated that there is a 40% chance of losing. If this is the case, their attorney estimated that the amount of any payment would be $803000. What is the required journal entry as a result of this litigation
Business
1 answer:
Leona [35]3 years ago
4 0

Answer:

No journal entries required

Explanation:

According to attorney estimation, the chances of winning the case are certain therefore no journal entry is required for adjustments since the chances of losing the case are very uncertain.

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You are the president of a toy manufacturing company that has recently discovered its bendable action figures break too easily.
Alika [10]

Answer:

Proofread for punctuation errors (it's a must!!), Jot down reasons that explain the bad news (I think), Organize your ideas (I think)

Explanation:

I think: Jotting down the reasoning helps/support the information (specifically) the bad news. Organizing your ideas helps to keep everything you write on track and ideas you want to mention always start from check-point A to check-point B and so forth.... (It's my thoughts of an answer)

8 0
4 years ago
Inayah needs Rs.100, 000 to start an ice-cream business. If she uses Rs.40, 000 from her savings and another Rs.60, 000 borrows
Lelu [443]

Answer: 5% of RS 100,000

Explanation:

Opportunity cost is what an economic agent such as an individual, form or government forgoes when a choice is made from different available choices.

Here, since Inaya has used Rs100000 for her ice cream business, the opportunity cost will be the 5% interest that she could have made on the money used for the business

4 0
3 years ago
You work for a company where the HR director has been involved in unethical activities. You know that others are also aware of t
lions [1.4K]

Answer:

Personal Pros & Cons

Explanation:

To become a whistleblower in this situation, you might want to stay anonymous when reporting the situation. By staying anonymous you can report this situation without being worried that this HR director will know. But, if you don't want to become the whistleblower someone else might report them and you'll be out scot-free. But in the chance, someone doesn't, then you might feel guilty for not reporting this issue.

4 0
3 years ago
A conventional cash flow pattern associated with capital investment projects consists of an initial outflow followed by:______.
Travka [436]

A conventional cash flow pattern associated with capital investment projects consists of an initial outflow followed by a number of inflows over a period of time.

Investing is dedicating an asset to obtain an increase in cost over a time period. Making funding calls for sacrificing your contemporary assets including time, cash, and effort. In finance, the cause of investment is to generate and make the most of the assets invested

An investment is an asset or item bought for income or capital appreciation. Valuation refers back to the boom in the value of an asset over time. while a person purchases a very good as an funding, the intention isn't to devour the good, however, to use it to create wealth inside the destiny.

Learn more about investment here:brainly.com/question/25300925
#SPJ4

4 0
2 years ago
When voluntary exchange takes place, both parties gain from the exchange.
Sliva [168]
True because both are learning something from each position they exchanged on
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3 years ago
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