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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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Money market refers to:
Ivanshal [37]

Answer:

Dealing in debt of less than one year.

Used by governments / corporations to keep their cash flow coming in.

Explanation:

3 0
3 years ago
Bakery A uses 60 bags of flour each month. The flour is purchased from a supplier for a price of $80 per bag and an ordering cos
jasenka [17]

I don't what the answer is but I will look for it

3 0
3 years ago
Skysong, Inc. reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 250 $5 $ 1,250 12 Purchas
ziro4ka [17]

Answer:

Weighted average unit cost =  $8.78

Explanation:

<em>The weighted average method of inventory determines the average cost per unit of inventory each time a new batch is received. or every new batch received the average cost per unit is re-computed by dividing the total value of stock by the outstanding number of units.</em>

The explanation is completed using calculation below:

Total value of stock = (250× $5)   +  (500×$9) + (375 × 11)  = $9,875

Total units of stock = 250 + 500 + 375 = 1,125  units

Weighted average unit cost = Total value of stock / total units of stock

                                        =  $9875 / 1125 units = $8.78

Weighted average unit cost =  $8.78

5 0
3 years ago
Supply chain management refers to A. how the firm compensates the employees who work on the​ firm's internal stages of productio
scoundrel [369]

Answer:

B. the decisions around which stages of production to handle internally and which to buy from others.

Explanation:

Supply chain management is fundamentally concerning with the management of a firm's reception of inputs in order to produce output, and with a firm's delivery of those outputs to the final customer.

For example, some firms can have the capability to supply their own raw materials internally, transform them into a finished product, and send the products to the customer.

Other firms have more complicated supply chains: they may buy the raw materials, produce a part of the good in a place, another part in another place, and hire another company to make the deliveries.

3 0
3 years ago
Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 52 units at $79 10 Sale 35 u
andrezito [222]

Answer:

November 1 Inventory 52 units at $79

November 10 Sale 35 units

  • COGS = 35 x $79 = $2,765
  • Inventory balance = 17 x $79 = $1,343

November 15 Purchase 27 units at $83

November 20 Sale 25 units

  • COGS = (17 x $79) + (3 x $83) = $1,592
  • Inventory balance = (24 x $83) = $1,992

November 24 Sale 13 units

  • COGS = 13 x $83 = $1,079
  • Inventory balance = 11 x $83 = $913

November 30 Purchase 39 units at $86

  • Inventory balance = $913 + (39 x $86) = $4,267
6 0
3 years ago
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