Answer: d. provide disclosure in the footnotes to the financial statements.
Explanation:
A contingent liability is an obligation that a company might owe in future depending on the outcome of an event such as a law suit.
To record a contingent liability in the books, two conditions must be satisfied;
- Loss must be probable
- Amount must be estimable
If these two conditions are not satisfied then the contingent liability may simply be disclosed as a footnote in the financial statement. The amount here is not estimable so can be disclosed as a footnote.
(.) Technological
<h3>What is the technological environment?</h3>
The company's external environment that is related to technological advancements and changes includes the technological environment. Furthermore, the term "technology" is typically connected to method and apparatus. Their transformation presents the organization with both risks and opportunities.
It has an impact on a number of business factors. That might present a chance or a danger. Companies must adapt to technological variables since they are beyond their control. Companies must therefore be able to change with new technology advancements.
Early adopters of new technologies frequently increase their market share and profit margins. As a result, businesses need to monitor trends and developments. Utilizing opportunities while reducing dangers is the goal. The business can remain competitive in this way.
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Answer:
the correct answer is $150
Explanation:
TC=500 + 150q - 20q^2 + q^3
AVC=(150Q-20Q^2+Q^3)/Q
=150-20Q+Q^2
When AVC is at its minimum means that the marginal cost( CM) is igual to AVC, so we could consider this analysis:
CM= d(TC)/dq =150-40Q+3Q^2
CM=AVC
150-40Q+3Q^2=150-20Q+Q^2
Join similar terms:
150-150-40Q+20Q+3Q^2-Q^2=0
0-20Q+2Q^2=0
Q(-20+2Q)=0
Q_1=0 y Q_2=20/2=10
with q_1 with q_2
150-40*0+3*0=150-20*0+0 150-40*10+3*10^2=150-20*10+10^2
$150=$150 150-400+300 =150-200+100
$50= $ 50
We have two solution if we assume that q=0 like the minimum then the results is $150.
f we assume that q=10 like the minimum then the results is $50.
When the demand for bikes has considerably increased with a rise in price by $10, then the profit also increases by $10 on every bike sold.
<h3>What is meant by profit?</h3>
Profit is an incentive earned by a company by selling its products at a price higher than the original cost.
From the provided situation, it has been analyzed that there is a direct relationship between price and demand, which means an increase in demand leads to a rise in prices also. This will ultimately raise the profits of a company in respect of goods sold.
Therefore, the profits are also raised by $10 in a similar way as the rise in price by $10 due to an increase in demand for bikes.
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Answer:
Given:
Allowance for Doubtful Accounts is a credit of $760
Written off accounts = $120
Accounts totaling = $740
The end-of-year balance (before adjustment) in Allowance for Doubtful Accounts will be computed as:
<em>Allowance for Doubtful Accounts - Accounts totaling + Written off accounts</em>
<em>⇒ $760 - $740 + $120</em>
<em>⇒ $140</em>
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<u><em>therefore, the correct option is (c).</em></u>
