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3 years ago

A potential obligation that depends on the future outcome of past events is a contingent liability. true false

Business

1 answer:

stiks02 [169]3 years ago

3 0

Answer:

TRUE

Explanation:

A potential obligation that depends on the future outcome of past events is a contingent liability!

- An obligation is something that is to be done

- A potential obligation is a thing or activity that is among the options of stuff that can be done

- When something depends on the future outcome of past events, it introduces or carries with it, the cost of waiting (for future outcomes)

- A contingent liability is something that poses probability of loss instead of gain. The opposite of liability is asset.

So in business, a potential obligation or action that depends on the future outcome of past events is a contingent loss rather than gain.

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Fairfield company's raw materials inventory transactions for the most recent month are summarized here: beginning raw materials

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Calculation of raw materials cost added to the work in process inventory account during the period:

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Add: Raw materials issued using materials requisition 1446 for Job 102 = $35,000

Add: Materials requisition 1447 used on multiple jobs 1= $30,000

Total raw materials cost added to the work in process inventory account during the period = $90,000

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3 years ago

Over the past several decades: A. international investment has become more one-sided, consisting almost entirely of foreign dire

valentina_108 [34]

Answer:

International investment has become more one-sided, consisting almost entirely of foreign direct investment.

Explanation:

This is because now internationally opportunities are being seized to have a better return on investment , to invest where opportunity cost is better and scope of foreign direct investment includes purchase of assets and shares.

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3 years ago

First, find if a country's RGDP grows on average at 3% per year, how long will it take for this country to double its RGDP. If,

sasho [114]

Answer:

At the growth rate of 3% per year

Number of years taken to double the GDP = 23.33 years

The the GDP will double ( 23.33 - 20 ) 3.33 years earlier at 3.5% growth rate

Explanation:

According to the rule of 70

Number of years taken to double the GDP = 70 ÷ [ Growth rate ]

Thus,

At the growth rate of 3% per year

Number of years taken to double the GDP = 70 ÷ 3

= 23.33 years

Further

if the growth rate is 3.5% per year

Number of years taken to double the GDP = 70 ÷ 3.5

= 20 years

Hence,

The the GDP will double ( 23.33 - 20 ) 3.33 years earlier at 3.5% growth rate

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3 years ago

Glaston Company manufactures a single product using a JIT inventory system. The production budget indicates that the number of u

dezoksy [38]

Answer:

$ 317,000

Explanation:

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Fixed Overhead: $ 157,000

Total Overhead: $ 317,000 ( $ 160,000 + $ 157,000 )

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3 years ago

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Answer:

Garry

Explanation:

Brainliest please! :)

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3 years ago

Read 2 more answers