Explanation:
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For the advertising expense, the expense shall be calculated for three months of the third quarter. The total amount of advertising expense $40,000 is paid for 12 months hence expense for three months shall be (40000*3/12) = $10,000
The amount of $430,000 is prepaid repair and it shall be adjusted as Repair expense only when the actual repair is incurred. Hence according to the information given, there shall be no repair expense recognized for the third quarter.
Hence total expense in the third quarter interim financial statements shall be <u>$10,000</u>
Answer and Explanation:
The Securities Investor Protection Corporation enhance security for the registered broker and distributor customers and national securities exchanges members
In the given situation, it is mentioned that a customer has 4 accounts i.e person cash account, person margin account, cash account jointly with his wife and custodial account for two children
Now if the firm liquidates, the (Securities Investor Protection Corporation) SIPC covers all accounts but separately i.e both person accounts are count as one by adding them, the joint account as an individual and the custodial account as an individual
Answer:
Hi, you haven't provided the options to the questions, but I'll just explain in my own words and you can check with the options.
Answer: conflict resolution or conflict management
Explanation:
Conflict or disagreement is a normal part of any healthy relationship. Two people cannot be expected to agree on everything, all the time. The key is not to avoid conflict but to learn how to resolve it in a healthy way.
Conflict arises from differences (like; ideas, motivation, values, perceptions, or desires) both large and small.
Conflict resolution also known as conflict management is referred to as the methods and processes involved in facilitating the peaceful ending of conflict or disagreement and retribution.
Therefore, after assessing the situation, I'll use my skill in CONFLICT RESOLUTION OR MANAGEMENT to end the disagreement.