Answer:
d. Disclosed because of their usefulness to financial statements.
Explanation:
A <em>liability</em> is a present obligation (Legal or Constructive) of an Entity that arises as a result of a past event and the settlement of which will result from an out flow of cash from the entity.
One class of Liability that relate to the case is a <em>Provision</em>.A provision is a liability whose amount can be determined with certainty.
A liability whose amount can not be determined with certainty is known as a <em>Contingent liability</em>.A contingent liability is not presented in the financial statements but is only disclosed in the Financial Statements.
Explanation:
The products and services offered today through economic systems exist to satisfy human needs. The higher the level of satisfaction of needs met, the greater the positioning of a product or service that can make an individual millionaire.
To create or invent something that does not yet exist and be extremely profitable, it is necessary to think about human priorities, such as health and technology. An invention that could be successful would be the development of a cure for diseases such as drugs that destroy cancer cells and create other healthy cells without side effects to humans, or in the current world context, an inexpensive and easily developed anti-coronavirus drug.
Total cost per week = $3600
The correct option is <u>C.$3,600</u>.
<u>Explanation</u>:
<em><u>Given</u></em>:
Cost for constructing and purchasing the equipment for restaurant = $520,000
Minimum return = 10% of investment
Restaurant is opened = 52 weeks per year
No. of meals = 900 meals/per week
Cost of meal = $5
Expense for material and electricity= $600
Expense for weekly wages = $1000
Fixed cost per week = ([520,000(.10)]/52) + 1000 = 2000
Variable cost = 1000 + 600 = 1600
Total cost = Fixed cost per week + Variable cost
= 2000+1600 = 3600.
Total cost per week = $3600
Answer:
Governance
Explanation:
Governance is a systematic way of how power is exercised for effective management of state/country economy and social resources for development of the state. Governance involved establishing policies and complete monitoring of the policies by the government using all legal tools permitted by the constitution of the state/country to seek accurate information and management control of resources in other to deliver good governance for the betterment of the people.
