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
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).

You might be interested in
Lolita and Larry are thinking about adding to their family next year. If Larry and Lolita do have a child, Lolita plans to be a
Diano4ka-milaya [45]

Answer:

Check the explanation

Explanation:

Going by the question, the best recommendation is that they should sell the stock this year even as they are in the 25% marginal tax category since this will lead to a larger overall income tax savings than waiting and selling it at the point when they will be in a lower marginal income tax bracket.

By doing so, a better profit from the stock will be guaranteed.

7 0
3 years ago
If you were applying for an upper-level management job at Pizza Hut in the Public Relations and Social Media department, working
garik1379 [7]

Answer: Honesty , relationship building skill and social media savvy

Explanation: other important competence requirements include; knowledge and research, multi tasking,attention to details, adaptation to change, strategic thinking, writing well, presentation skill and international mind set.

This above mention skills and requirements are important in considering a candidate for a public relationship and social media officer for Pizza Hut working under Chris Fuller.

4 0
3 years ago
John is an entrepreneur who plans to enter a franchise contract with a hotel business. which of these is an advantage that John
umka2103 [35]

Answer:

The correct answer would be option C, He will be able to gain knowledge and support from the hotel business to run the franchise.

Explanation:

Franchise is basically a contract between two parties in which one of the party who is owning the business is ready to sell his business rights to use its name and products to the other party. The other party can open the same business with the same name and products or services and run that business. In this type of contract, a continuous help and support is given to the franchisee to run the business. So if John being an entrepreneur wants to enter into the franchise contract, then he will surly be able to gain knowledge and support from the hotel business to run the franchise.

3 0
3 years ago
Read 2 more answers
Monetarists believe that changes in the supply of money Question 24 options: do not affect aggregate demand. affect aggregate de
s344n2d4d5 [400]

Answer: affect aggregate demand directly.

Explanation:

Monetarists believe that money supply is very important in determining the economic growth of an economy and this is why they advocate for monetary authorities to get involved in the monetary system in order to guide the growth of the economy.

To monetarists, the supply of money influences consumption as well as investment and so directly affects aggregate demand because both consumption and investment are components of aggregate demand. For instance, an increase in money supply increases both consumption and investment and so increases aggregate demand.

5 0
3 years ago
Frankie's Chocolate Co. reports the following information from its sales budget: Expected Sales: July $ 90,000 August 110,000 Se
Cerrena [4.2K]

Answer:

$112,500

Explanation:

                                                 July       August         September  October

Credit Sales(90000*75%)       67,500  

                   (110,000*75%)                       82,500

                   (120,000*75%)                                          90,000

Cash Sales (120,000*25%                                            30,000

<em>Total Cash expected to be collected in September will be;</em>

Credit Sales of August      $82,500

Cash  Sales of September $30,000

Total cash expected to be collected in September =$112,500

4 0
3 years ago
Read 2 more answers
Other questions:
  • Warrick Boards calculated pension expense for its underfunded pension plan as follows:
    15·1 answer
  • Brazen Inc. sells bonds with a face value of $1,000,000 and a contractual interest rate of 10% for $1,200,000. The bonds will ma
    6·1 answer
  • Mumbai Grocery in India buys produce directly from farmers. It provides the farmers with information: It tells them the amount i
    8·1 answer
  • Hoping to increase the chances of reaching a performance goal, the director of a research project has assigned three separate re
    11·1 answer
  • Cycle counting A. involves shutting down production once per year to perform the annual inventory count. B. is a process by whic
    5·1 answer
  • In order to provide more security, many companies have begun relying on _____ methods, such as fingerprint scanners, to prevent
    15·1 answer
  • Complete the sentence. As _____ increases, specialization increases as well
    15·2 answers
  • Transactions for Ivanhoe Company for the month of June are presented below. June 1 Issues common stock to investors in exchange
    11·1 answer
  • Mr. Smith is hired as a consultant to a firm evaluating entry into a perfectly competitive industry. Mr. Smith determined that a
    5·1 answer
  • QUESTION 19<br> Name 2 different types of pricng. What has the internet caused in terms of pricing?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!