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Lerok [7]
3 years ago
10

Reeves Co. filed suit against Higgins, Inc., seeking damages for copyright violations. Higgins' legal counsel believes it is pro

bable that Higgins will settle the lawsuit for an estimated amount in the range of $170,000 to $270,000, with all amounts in the range considered equally likely. How should Higgins report this litigation?
As a liability for $170,000 with disclosure of the range.

As a disclosure only. No liability is reported.

As a liability for $270,000 with disclosure of the range.

As a liability for $220,000 with disclosure of the range.

Business
1 answer:
gizmo_the_mogwai [7]3 years ago
8 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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ane is planning to offer a Groupon for inner tube rentals that she will distribute on hot, sunny, summer days by the river that
sweet [91]

Probability assigned:|

x 30 60 120 180

P(x) .10 .40 .40 .10

Answer:

Jane

Price of Groupon for a revenue of $300 is:

$3

Explanation:

a) Data and Calculations:

Expected Sales volume:

Number of Tubes  x   30     60      120     180

Probability P(x)           .10     .40      .40      .10

Expected values          3      24       48       18

Total = 93 tubes

Groupon price = $300/93 = $3.23

b) Jane's price for each Groupon will be the rent revenue per day divided by the expected number of tubes to rent daily.  The expected number of tubes is derived by multiplying each expected number of tubes by its probability and then summing up the results.

6 0
3 years ago
________ is defined as a business firm's intention, beyond its legal and economic obligations, to do the right things and act in
Serggg [28]

Answer:

Social responsibility

Explanation:

Social responsibility is an obligation of a business firm to act in ways that are good to the society. A business firm must act in a way that will benefit the society.

It suggest that a business firm must be concerned about the welfare of the people in the community.

It is ethical of a business to consider the welfare of the people before taking any action in the society. This implies that, a business firm shouldn't only consider making profit or expanding their business but should take into consideration the wellbeing of the people around them.

Social responsibility is not only performed by a business firm but also the duty of every individual that is capable of impacting the environment.

Every individual and business firm should impact the environment in a positive way and Improve on the wellbeing of people dwelling in the environment.

4 0
3 years ago
What advice would you give to anyone who thinks they are going to be terminated from their employment?
nalin [4]

Answer:

✓ Do not panic

✓ ask your employer for a honest feedback

✓Initiate a conversation in a neutral setting with your boss

✓Don't trust everything your boss says

✓Do your best work possible

✓Step up your game

✓Keep your boss and others in the loop

4 0
3 years ago
Firms selling to organizational buyers have ________ potential customers compared to firms selling to consumers. many more about
larisa86 [58]

Answer:

far fewer

Explanation:

Firms selling to organizational buyers have far fewer potential customers compared to firms selling to consumers.

In consumer markets, companies typically sell to large numbers of customers, with each customer accounting for a small proportion of the company’s sales. <u>In business markets, companies deal with smaller numbers of customers</u>; in some situations, large customers may account for a high percentage of sales.

7 0
3 years ago
PLEASE QUICK 30 POINTS!!!!!! Which of the following programs completes similar functions as those completed by Microsoft® Publis
Misha Larkins [42]

<em>Answer:</em>

<em>D) Microsoft world</em>

<em>Explanation:</em>

<em>Because Microsoft Publisher is a graphic design application that is similar to Microsoft Word but differs in the fact that its emphasis lies more on page layout and design, and less on word composition and formatting. </em>

6 0
2 years ago
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