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Naddik [55]
3 years ago
6

A contingent liability:

Business
1 answer:
Pepsi [2]3 years ago
3 0

Answer:

d. is a potential liability that has arisen because of a past event or transaction.

Explanation:

A contingent liability refers to an obligation which arises owing to past events or transactions, whose happening is improbable i.e it may or may not arise in the near future.

If the effect of such a liability can be reasonably estimated, then these should be provided for as a footnote in the financial statements.

An example of a contingent liability would be a legal suit filed against the company, if lost would lead to an obligation for damages which the company may have to pay.

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Which of the following is NOT a form of countertrade?a. Barterb. Offsetc. Counterpurchased. Kaizen blitz
AVprozaik [17]

Answer:

d. Kaizen blitz

Explanation:

Counter trade refers to a kind of international trade wherein goods and services are exchanged in return for goods and services instead of payment via a currency.

There are three types of countertrades namely,

  • Barter
  • Offset
  • Counterpurchase

Barter is the oldest form of trade wherein goods were exchanged for goods. Offset is a countertrade wherein transactions are set off in future or off set. In counter purchase both parties agree to purchase and sell goods to one another under different contracts.

Kaizen Blitz isn't a form of counter trade.

5 0
3 years ago
Read 2 more answers
What is the difference between Absolute Advantage and Compartive Advantage?
Kitty [74]

Answer: See explanation

Explanation:

Absolute advantage simply means when an economic entity such as individuals or the firms can produce a particular good more efficiently than others who produce similar good. In this case, a larger quantity is produced when compared to others.

Comparative advantage is when an economic agent can actually produce goods at an opportunity cost that's lower than the opportunity cost of its competitors. Due to this, such economic agent can sell its good at a cheaper price than others and therefore make more revenue.

3 0
3 years ago
Economics: a. studies human behavior when scarcity exists and choices must be made. b. does not accurately explain any human beh
kari74 [83]

Answer: Economics studies the behaviour of human beings when there is scarcity and choices have to be made.

Explanation:

Economics is a social science i.e study of human behavior in relation to the manufacturing, distribution and consumption of products. Economics focal point is the interaction and behaviour of economic agents (households, firms and governments) and how economies work. 

Economics is divided into microeconomics and macroeconomics. Microeconomics deals with the small elements in the economy such as interaction of markets and prices of certain products. Macroeconomics deals with the whole economy and issues discussed include unemployment, economic growth, inflation etc.

6 0
3 years ago
Define agency costs, and describe agency costs of financial distress and agency benefits of leverage
Aleks04 [339]

Answer:

In accounting, agency costs are the costs of hiring an agent in order for him/her to act on behalf of a principal. In finance, agency costs are much broader since they imply costs that may appear due to conflicts of interests between the agent and the principal. E.g. a manager who seeks to accomplish short term goals in order to collect a bonus but hurts the long term objectives and goals of the stockholders.

Agency costs of financial distress refers to the costs associated with conflicts of interest that may result in a company being insolvent, specially in the long run. This type of costs are not necessarily related to operating costs, instead they result from management decisions and strategies, e.g. higher cost of capital or debt, or even excessive spending.

Agency benefits of leverage result from stockholders benefiting from the agent's decision to keep equity low, and if needed, obtain financing from debt sources.

5 0
4 years ago
Explicate the irrelevance of learning styles<br>​
Leokris [45]

Learning styles are the best way to learn for a student has been debunked. However, learning styles are accepted in education as a way to promote the idea that student learns differently. Below is a further explanation.

<h3>The VARK Model</h3>

Education continues to promote learning styles as a way for teachers to support students and differentiate lessons. The multiple models related to learning styles, the VARK model is among the most widely used since it sufficiently addresses learner diversity and needs.

The VARK model stands for:

  1. Visual
  2. Auditory
  3. Reading/Writing
  4. Kinesthetic

Therefore, anything devoid of the above will be irrelevant.

learn more about learning styles: brainly.com/question/3274282

8 0
2 years ago
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