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3 years ago

What is Fictitious assets ???what is contingent liability???

Business

1 answer:

iragen [17]3 years ago

6 0

Explanation:

<h3>•Fictitious assets are the expenses or losses which are not fully written off (not offset in the Profit and Loss A/c) during particular accounting period. These expenses or losses are spread over more than one years</h3>

<h3>A contingent liability is a liability that may </h3><h3>occur depending on the outcome of an uncertain future event. A contingent liability is recorded if the</h3><h3> contingency is likely and the amount of the liability can be reasonably estimated.</h3>

<h3>Contingent liabilities are liabilities </h3><h3>that may or may not arise, depending on a certain event.</h3>

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What are corporate bonds

mixer [17]

A corporate bond is a bond issued by a corporation in order to raise financing for a variety of reasons such as to ongoing operations, M&A, or to expand business. The term is usually applied to longer-term debt instruments, with maturity of at least one year.

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3 years ago

Read 2 more answers

Mauro Products distributes a single product, a woven basket whose selling price is $21 per unit and whose variable expense is $1

Grace [21]

Answer:

1. Break even points in units will be = 2,700 units

2. Break-even point in dollar sales = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales = 2,900 units

Explanation:

Break even point = $\frac{Fixed Cost}{Contribution per unit}$

Fixed Cost = $8,100

Contribution per unit = Sale Price - Variable Cost = $21 - $18 = $3

1. Break even points in units will be

= $\frac{8,100}{3} = 2,700 units.$

2. Break-even point in dollar sales

= Break even point in units X Sale price per unit

= 2,700 units X $21 = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales

= $\frac{8,100 + 600}{3}$ = 2,900 units

Final Answer

1. Break even points in units will be = 2,700 units

2. Break-even point in dollar sales = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales = 2,900 units

3 0

3 years ago

"The acquisition of land: "

lesantik [10]

Answer:

The correct answer is the second option: is reported in the investing section of a statement of cash flows.

Explanation:

To begin with, a <em>statement of cash flows</em> is the name given in the business world to refer to the financial statement that shows how changes are made in the balance sheet accounts and how income affect cash and cash equivalents. Moreover, the main purpose of this financial tool is to show the company its ability to pay bills regarding the topics of how much cash and cash equivalents actual are in the company's possession.

Secondly, the cash flow statement is partitioned into three different segments: cash flow resulting from operating activites, from investing activities and from financing activities. <u>The second one, cash flow resulting from investing activities implies the situation of land acquisition</u>.

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3 years ago

Match the following characteristics with their relevant project team organizational structures. The project is housed within a f

Rasek [7]

Answer:

A. Pure project A project manager leads personnel from different functional areas = Team members can work on several projects. Duplication of resources is minimized.

B. Functional project Personnel work on a dedicated project team = Team pride, motivation, and commitment are high.

C. Matrix project A team member reports to two bosses = The project is housed within a functional division of the firm.

Explanation:

For A answer, this kind of project management conducts the people, to work on a multitasking way, because they have to accomplish the responsibilities on their functional area as the same that they must accomplished their responsibilities on the project areas. This can minimized the resources for the project but could impact negatively on the compliment of responsibilities because is the same person for two work fronts.

For B answer, if the people can focus their efforts only in the project, that creates more interest on reach the goals efficiently than if the team were distributed on functional and projects departments

For C answer, when the project is developed in a functional division of the firm, you, as a team project member, must report to the project manager and your functional area boss.

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3 years ago

If a monopolist is able to increase the amount of product she sells from 400 to 420 units by lowering the price of that product

elixir [45]

Answer:

-$55

Explanation:

The computation of the marginal revenue is shown below:

As we know that

Total revenue = Price × Quantity

For 400 units, the total revenue is

= 400 × $50

= $20,000

And for 420, the total revenue is

= 420 × $45

= $18,900

Now the marginal revenue is

= ($18,900 - $20,000) ÷ (420 units - 400 units)

= -$55

4 0

3 years ago

What is Fictitious assets ???what is contingent liability???​

What is Fictitious assets ???what is contingent liability???