1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Oksi-84 [34.3K]
3 years ago
6

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 $100,000 to $200,000, with all amounts in the range considered equally likely. How should Higgins report this litigation?
Business
1 answer:
GaryK [48]3 years ago
6 0

Answer:   Higgins should report this litigation as a contingent liability.

Explanation: A liability that is contingent upon an event, that is, dependent on a future event that may or may not happen is called contingent liability. Potential law suits, pending investigations are some of the examples of contingent liability.

A contingent liability will only be recorded if there is likely probability that the event on which such liability depends will occur and the amount of liability could be reasonably estimated.

You might be interested in
After describing herself to the personnel director during a job interview, Jane added that she liked to attend formal affairs. A
Lemur [1.5K]
<h2>According to Allport, this preference is an example of a <u>Secondary trait</u></h2>

Explanation:

There are 3 types of traits.

1. Cardinal traits:

  • This is the dominating traits
  • The person can be found by the qualities

2. Secondary traits:

  • This is closely related to attitudes
  • This is also related to preferences of a human
  • This would differ from person to person
  • This might change according to the situation.

3. Central traits:

  • This forms the base for the personality development
  • This would be meaningful
  • Central traits can be polite, helping, anxiety, etc.
5 0
3 years ago
Read 2 more answers
A binding price ceiling for apartments (effective rent control) will:
wolverine [178]

Answer: lead to a shortage cause quantity demanded exceeds quantity supplied of rental housing.

Explanation: A price ceiling is a government regulated price control that sets the legal maximum price that can be charged for a good. The price ceiling is binding when it is set below the equilibrium price. In this situation, the price ceiling prevents the forces of demand and supply to intersect at the equilibrium price. At the ceiling price, demand for the good is greater than its supply. Thus, an effective price ceiling which is set below the equilibrium price creates a shortage in the market.

5 0
3 years ago
malek jones, a business analyst at the vnh corporation, feels that his employer terminated him for no reason. although the compa
antiseptic1488 [7]

Constitutions and, more specifically, anti-discrimination statutes represent public policy about equal employment opportunity (EEO).

These laws are in place at the federal, state, and local levels in the United States.

In terms of the employers or other entities they cover, the specific groups of people they defend, the transactions they regulate, and the kind and scope of legal remedies they offer, EEO laws differ widely from one location to another. When businesses engage employees, the philosophical idea of EEO is implied, at the very least.

WHAT IS AN "OPPORTUNITY" FOR WORK?

U.S. EEO rules forbid discrimination in terms and circumstances of employment on the basis of specified characteristics. As a result, "opportunities" can be found in a variety of employment circumstances, such as:

  • both inside and outside.
  • application forms for jobs.
  • interviewing potential employees.
  • pre-employment examinations
  • inquiries into backgrounds.
  • Hiring.
  • Compensation.
  • Benefits.
  • Employee services or perks (sometimes known as perquisites).
  • working circumstances.

To learn more about equal employment opportunity from the given link.

brainly.com/question/27853265

#SPJ4

8 0
1 year ago
Country A can produce two goods: good X is labor-intensive and good Y is labor-intensive. As a result of international trade the
vekshin1

Answer:

Both goods are originally labor intensive, so we can conclude that the country has a lot of labor resources, while their capital resources should be rather limited. Since the world price of good X increases compared to the price of good Y, then the country will export larger amounts of good X since its price is relatively higher.

4 0
3 years ago
In an effort to save money for early retirement, an environmental engineer plans to deposit $1200 per month starting one month f
Aleks [24]

Answer:

$1,099,203.00

Explanation:

In this question we have to find out the future value that is shown in the attachment below:

Provided that

Present value = $0

Rate of interest = 8%  ÷ 2 = 4%

NPER = 25 years  × 2 = 50 years

PMT = $1,200 × 6 months = $7,200

The formula is shown below:

= -FV(Rate;NPER;PMT;PV;type)

So, after solving this, the future value is $1,099,203.00

8 0
3 years ago
Other questions:
  • The following lots of Commodity Z were available for sale during the year. Beginning inventory 7 units at $49 First purchase 18
    10·1 answer
  • Which of the following is needed to apply for a checking account.
    8·1 answer
  • Which three report charts show how many Leads are in the Marketing pipeline based on Lead Status and what percent each Lead Stat
    9·1 answer
  • Increased grants and loans for college expenses would ________ the number of college graduates, while ________ wages paid to col
    12·1 answer
  • Which of the following would be included in the Lease Receivable account? I. Guaranteed residual value. II. Unguaranteed residua
    12·1 answer
  • Gideon Company uses the direct write-off method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off
    15·1 answer
  • Precision Tool is trying to decide whether to lease or buy some new equipment for its tool and die operations. The equipment cos
    5·1 answer
  • On December 31, 2021, the end of the fiscal year, California Microtech Corporation completed the sale of its semiconductor busin
    14·1 answer
  • Consider this scaled figure of a swimming pool. The dimensions of the original pool are 24 feet wide by 36 feet long.
    8·2 answers
  • A good marketing plan helps managers make strategic planning decisions and provides a framework for effective implementation and
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!