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ryzh [129]
3 years ago
6

Newman Company has both a contingent gain and a contingent loss that it judges to be highly probable to result in future cash fl

ows, which it is able to reasonably estimate. Which of the following should the company accrue for the current accounting period
Business
1 answer:
mihalych1998 [28]3 years ago
5 0

Contingent loss only should the company accrue for the current accounting period.

Explanation:

A potential failure that may or may not depend on a future occurrence. If the loss is probable and the estimation of the cost is realistic, a journal report documents the damage and liabilities.

Laws state that potential liabilities are reported in the records when a probable occurrence is potentially expected and a fair calculation may be made of the sum of liability. That will mean that in advance of the settlement, a deficit (debit) and obligation would be reported (credit).

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Karson, the managing director of a multinational corporation, punishes his employees for coming late to work by deducting their
emmainna [20.7K]

Karson os using his authorities

7 0
3 years ago
Consider three bonds with 5.50% coupon rates, all making annual coupon payments and all selling at face value. The short-term bo
Liono4ka [1.6K]

Answer:

a. $965.74

b. $939.11

Explanation:

In this question we use the Present value formula i.e shown in the attachment below:

1. Given that,  

Future value = $1,000

Rate of interest = 6.5%

NPER = 4 years

PMT = $1,000 × 5.5% = $55

The formula is shown below:

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

So, after solving this, the price would be $965.74

2. Given that,  

Future value = $1,000

Rate of interest = 6.5%

NPER = 8 years

PMT = $1,000 × 5.5% = $55

The formula is shown below:

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

So, after solving this, the price would be $939.11

6 0
2 years ago
Sam has contracted with Dave to purchase Dave's racing bike, with payment and delivery of the bicycle to be made 10 days after t
bonufazy [111]

Answer: Immediately seek injunctive relief.

Explanation:

An injunctive relief is an order by the court stopping an action from taking place. From the question, we are told that Sam has contracted with Dave to buy Dave's racing bike, with payment and delivery of the bicycle to be made 10 days after the contract was made.

We are further told that three days later Sam hears that Dave is going to sell the bike to Gene in three days at a higher price. If Sam really wants the bike, he should seek injunctive relief. By doing so, the court will stop Dave from selling the bike to Gene.

3 0
3 years ago
Barbara got a flat tire and does not have a spare. She needs her car for work, so she goes to a business that offers payday loan
yKpoI14uk [10]

Answer:

Ans. c) The annual percentage rate of the loan is approximately 913%

Explanation:

Hi, well, she borrowed $75 and paid $90 ($75 + $15 fee) in 8 days. So we need to use the following formula to check what 8 days percentage rate was applied to this loan.

r=\frac{FinalValue}{InitialValue} -1

That is:

r=\frac{90}{75} -1=0.20

So she pays 20% for 8 days, to know the annual rate (approx.) we need to do the following operation.

r(Annual)=\frac{0.20}{8Days} *\frac{365Days}{1Year} =\frac{9.13}{1Year}

That is 913% per year.

Best of luck.

6 0
2 years ago
Read 2 more answers
Study the entries in Lupe’s records in the CloseReader.
Oxana [17]

Answer:

11/15 paycheck

Explanation: The amount should of been in the deposit section

6 0
2 years ago
Read 2 more answers
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