How does a mechanic's lien assist creditors?

Several years ago, Grant County was sued by a former County employee for wrongful discharge. Although it was to be contested by

vovangra [49]

Answer:

d) Debit Expenses $50,000 and Claims payable $100,000; Credit Cash $150,000.

Explanation:

As for the information provided,

There was this law suit against the company from past several years. Where the lawyers already estimated that liability on the company will arise amounting $100,000.

Thus, on the provisional basis such claims of $100,000 would have been provided ideally.

Now, after final judgement the court had cleared about the claim which is $150,000.

Thus, entry to record such claim of $150,000 will be:

Expenses A/c Dr. $50,000

Claims Payable A/c Dr. $100,000

To Cash A/c $150,000

7 0

3 years ago

SWOT analysis is useful in part because it obliges the firm to act proactively by putting an emphasis on identifying opportuniti

S_A_V [24]

Answer: True

Explanation:

SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis is very popular because even though it appears simple, it can have such a massive impact on a company because it alerts Management to opportunities that exist to take the firm forward.

It also speaks to the company on ways to converge strategies that aim to harness the strengths or weaknesses in a Firm's INTERNAL and EXTERNAL environment with the aformentioned OPPORTUNITIES and THREATS thereby leading to a COMPLETE decision making process and result that can serve to push the company to be Proactive in taking strides that will grow the company.

SWOT analysis is a pure example of, "Simplicity is the ultimate Sophistication".

4 0

3 years ago

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planning is conducted at the highest levels of management and deals with products, capital, research, and the long- and short-te

Alborosie

Strategic planning is conducted at the highest levels of management and deals with products, capital, research, and the long- and short-term goals of a company.

A corporation, abbreviated as co., is a legal entity representing an association of persons, whether entity, legal or a mixture of the two, with a particular objective. The members of the company share a common goal and together achieve the stated specific goals.

A society may be established as an agency that gives society limited liability when its members perform or fail to perform their obligations under a publicly disclosed constitution or policy. to be announced. When a business closes, it may need to be liquidated to avoid other legal obligations.

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8 0

1 year ago

Economic theory defines specialization as the production of one or just a few goods and services. Specialization refers to how a

Delvig [45]

Answer:

Both countries can benefit from trade through specialization.

Explanation:

Specialization refers to the situation when an individual, organization or country focuses on available resources and instead of producing a lot of products, they produce what they may need.

A country achieves specialization by producing a greater quantity of the goods it can produce at lower opportunity cost.

Through specialization, both countries involved in trade can produce well in a larger quantities than they need to consume. They trade the excess goods and are able to consume at a point beyond their production possibility curve.

3 0

3 years ago

how do polling firms respond to the difficulties of obtaining a body of respondents that truly reflects the population at large?

SSSSS [86.1K]

By weighing the responses of diverse groups, polling companies attempt to overcome the challenges of assembling a sample of respondents that accurately reflects the entire population.

<h3>What is a survey research ?</h3>

The definition of survey research is "the gathering of data from a sample of people through their responses to questions". A variety of techniques can be used to find participants, gather data, and instrument the study in this type of research. Both quantitative and qualitative research methods can be applied to surveys.

Historically, large-scale population-based data gathering has been a component of survey research. This kind of survey research's main goal was to quickly gather information on the features of a wide sample of interesting people. Consumer feedback surveys and large census surveys that gather data on demographic and personal characteristics are two prominent examples. These questionnaires, which were frequently mailed out, were designed to gather information for programs or products aimed at a specific population or group or to describe the demographic characteristics of individuals.

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The complete question is mentioned below :

Polling firms respond to the difficulties of obtaining a body of respondents that truly reflects the population at large by:

a. sampling the responses of the target group.

b. weighting the responses of various groups.

c. randomly selecting the best responses.

d. counting the number of positive responses.

e. counting the number of negative responses.

8 0

1 year ago