Answer:
The correct answer is B
Explanation:
The contingency is the plan, which is course of action for the business that would take if an unexpected situation occur. So, the contingency plan is the plan or method which ensures that the business is prepared for what may come.
Accrual for contingency, it is the information which is available previously to issuance of the financial statements that indicates the assets has been impaired and the loss amount could be reasonably estimated.
The one which is most likely need the accrual is the customer premium offers as it is the technique of sales promotion where the customers are provided two or more products and they pay the price lower of the combined products.
A global recession might limit the benefits of diversifying your investments because most investments may perform poorly if all countries are in a recession
A prolonged period of worldwide economic contraction is referred to as a global recession. As a result of trade links and international financial systems, economic shocks and the effects of recession spread from one nation to the next, causing more or less synchronized recessions in many national economies.
A decline in global per capita gross domestic product (GDP) is one of the factors the International Monetary Fund (IMF) employs to identify global recessions. The IMF defines this decline in global output as having to occur at the same time as a deterioration of other macroeconomic indices, such as trade, capital flows, and employment.
Learn more about global recession here
brainly.com/question/12483358
#SPJ4
Answer:
debit to supplies and credit to accounts payable.
Explanation:
On accrual accounting when an expense is incurred and revenue is earned it is recorded. The business does not have to give out cash or recieve cash to recognise the revenue or expense.
In this instance Tamarisk Inc recieved supplies worth $520. Although they had not paid cash for it the liability needs to be recorded.
When one buys on account it means product is bought on credit and is payable later.
The entry passed is a debit to supply account (asset account) to recognise increase in supplies, and a credit to accounts payable (liability account) to show an increase in money owed to the supplier.
Answer:
a. mutual fund
Explanation:
Mutual fund is the company whose sole purpose is to buy stocks or bonds of other companies and has a professional manager.
The correct answer to this question is that:
In a monopoly, “the monopolist
must lower the price on all units to sell one more unit of output”.
This means that in a monopoly market,
if we increase the amount of output without lowering the price, the marginal
revenue decreases. Therefore marginal revenue is indirectly proportional to
number of outputs.
In a perfect competition however, the
marginal revenue is constant to any amount of output.
<span> </span>
