When the economy enters a recession, your employer is ___________ to reduce your wages because ______

What consequences do borrowers face if they miss many payments?

Oksi-84 [34.3K]

Depends on who they are owing money. But the party that lent the money can take legal action against the borrower and can get the state involved to seize property from him/her. Also depends on state and local law.

6 0

3 years ago

The question of when revenue should be recognized on the income statement according to GAAP is addressed by the:

sleet_krkn [62]

Answer:

a. Revenue recognition principle

Explanation:

The revenue recognition principle refers to the principle in which the revenues are recorded when it is realized or earned. It follows the accrual basis of accounting

It is not recorded when the cash is actually received.

When the sale is made, the same is to be shown in the books of accounts

Therefore as per the GAAP, the revenue should be addressed by revenue recognition

hence, the correct option is a.

4 0

3 years ago

Christie and Jergens formed a partnership with capital contributions of $390,000 and $490,000, respectively. Their partnership a

xxMikexx [17]

Answer:

Christie 's share = $ 37759.09

Jergens Share = $ 47,441

Explanation:

Partner's Profit share are calculated after the deduction of salary or any other interest incomes.

Profit for the current year = $ 163,000

Christie' s Salary $ 69,000

Christie Interest Income $ 3900

10 % 0f $ 390,000

Jergens Interest Income $ 4900

10 % 0f $ 490,000

Profit Balance $ 85,200

Profit Sharing Ratio

Christie : Jergens

390,000: 490,000

39: 49

Christie 's share = $ 85,200 * 39/88= $ 37759.09

Jergens Share = $ 85,200 * 49/88= 47440.9= $ 47,441

6 0

4 years ago

For a recent year L’Oreal reported operating profit of €3,385 (in millions) for its Cosmetics division. Total assets were €12,88

aivan3 [116]

Answer:

The correct answer is 26.05%.

Explanation:

According to the scenario, the given data are as follows:

Beginning Assets = 12,888 ( million)

Ending Assets = 13,099 (million)

Operating profit = 3,385 (million)

So, Average Assets for the year = (12,888 + 13,099) ÷ 2 = 12,993.5 (million)

So, we can calculate the return on investment by using following formula:

Return on investment = Operating profit ÷ Average assets for the year

By putting the value, we get

Return on investment = 3,385 ÷ 12,993.5 (million)

= 0.2605 or 26.05%

8 0

3 years ago

Select all examples of non-market distribution methods.

Lelu [443]

°first-come/first-served (i.e., vaccines)

°sharing equally (i.e., food distribution)

°weight (i.e. based on percentage of population)

°merit (i.e., contests)

°random (i.e., contests)

3 0

3 years ago

When the economy enters a​ recession, your employer is​ ___________ to reduce your wages because​ _______.

When the economy enters a recession, your employer is _____ to reduce your wages because _.