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Vitek1552 [10]
2 years ago
11

Sound Audio manufactures and sells audio equipment for automobiles. Engineers notified management in December2018 of a circuit fla

w in an amplifierthat poses a potential fire hazard. An intense investigation indicated that a productrecall is virtually certain, estimated to cost the company 52 million. The fiscal year ends on December 31.Required:1. Should this loss contingency be accrued, only disclosed, or neither? Explain.2. What loss, if any, should Sound Audio report in its 2018 income statement?3. What liability, if any, should Sound Audio report in its 2018 balance sheet?4. Prepare any journal entry needed.
Business
1 answer:
julsineya [31]2 years ago
4 0

Answer:

Please see attachment .

Explanation:

Please see attachment .

Download pdf
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the pure expectations theory holds, which of the following statements is CORRECT? a. The maturity risk premium would be zero. b.
Anastasy [175]

Answer: The Maturity Risk Premium would be zero.

Explanation:

The Pure Expectations Theory believes that forward rates are just a representation of what people expect Future rates to be.

For this reason therefore, it believed that the Maturity Premium is Zero amongst Long Term Treasury Securities and that the difference in interest rates attached to Treasury bonds of different maturities is simply a result of what people perceive future interest rates to look like but as for Maturity Premiums, it doesn't exist in long term Treasury Securities.

7 0
3 years ago
A company purchased equipment and signed a 7-year installment loan at 9% annual interest. The annual payments equal $9,000. The
Ksivusya [100]

Answer:

$45,297

Explanation:

Data provided as per the question

Installment = $9,000

Present value factor = 5.0330

The calculation of present value is shown below:-

Present value = Installment × Present value factor

= $9,000 × 5.0330

= $45,297

Therefore for computing the present value of the loan we simply multiply the installment with present value factor.

5 0
3 years ago
SHORT-ANSWER QUESTION
aivan3 [116]

An advantage for making socially responsible business decisions is that it improves public image.

  • Corporate social responsibility is the concept whereby organizations integrate environmental and social concerns into their operations. An example of corporate social responsibility is an organization that gives scholarships to students.

  • Corporate social responsibility helps in the improvement of the public image of the company. It also makes an organization more sustainable. Also, it can help in the attraction and the retention of employees.

In conclusion, corporate social responsibility also gives an organization a competitive advantage over its competitors and enhances its reputation.

Read related link on:

brainly.com/question/22395337

3 0
2 years ago
Why do I have pay for answers when I'm going to school to be able to earn money? Yes, I'm 16, almost 17 and don't have a job bec
sammy [17]

Explanation:

Thank you for this brilliant question, the truth is that you do not have to pay the fee yourself, you parents are meant to pay the fee for you, think of it, when you are asked for school fee in school, who is expected to pay? your mom i guess right, same thing with paying for answers, which is still part of your education, now paying for answers so that you keep learning is the obligation of your parents (mom or dad).

Thank you if you need for clarification do not hesitate to ask more questions

3 0
3 years ago
Use the following to answer questions 3-8: ​ Number of Workers Total Cost 0 1000 1 2200 2 3200 3 4000 4 4600 5 5000 6 5200 7 560
Firlakuza [10]

Answer:

Firm should hire the 4th worker as MR > MC.

Explanation:

Here, we are comparing the marginal cost of hiring 4th worker with the revenue generated by the 4th worker.

Marginal cost of hiring 4th worker:

= Total cost with 4 workers - Total cost with 3 workers

= $4,600 - $4,000

= $600

Total revenue generated by the 4th worker:

= Number of units produced by 4th worker × Price of each unit

= 50 × $15

= $750

Therefore, the firm should hire the 4th worker as the marginal revenue of 4th worker is greater than its marginal cost.

3 0
3 years ago
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