Answer:1. Make provision for warranty claims.
2. Disclosure of contingent liability
3. No cost should be recorded.
Explanation:
Warranty is an assurance made by firms to make good any agreed loss that is incurred by the customers in usage of goods and services whiting the period of the warranty. Since an estimation can be made based on firms history of sales a provision has to be made for possible warranty.
Since it's only probably that a loss will be Incurred by the firm by going into the contract and the financial statement has not been issue the firm should made a contingent liability disclosure in the report.
The self insurance is not a contract with a third party, in this vein no cost will be accrued until the loss is actually suffered.
History raise a person wage on average by about 8.50
Answer:
1.which of the following is a type of business structure?
a. sole proprietorship
b. partnership
c. corporation
<em>d. all of the above </em>
2.location, utilities, employees and suppliers are all examples of costs.
<em>true</em> or false
3.revenue is the money that flows into your company.
<em>true </em>or false
4. how can you determine if a company is profitable?
<em>a. by subtracting it’s expensive from its revenue </em>
b. by looking at its revenue only
c. by asking the employees
d. by looking at expenses only
5. define ethics
<em>a. The discipline dealing with what is good and bad and with moral duty and obligation </em>
b. always being good
c. following the rules
d. what country you are from
7. consumers have no responsibility related to their right
true or <em>false</em>
Answer:
Life is hard because life needs to know if you're willing to fight. Willing to be strong when life is 'hard'. The second that you prove yourself with one challenge, another challenge show's up. Don't let life get you down. Be grateful for all you have. Live as if it's your last day. :>
Explanation: