Answer:
is a potential liability that has arisen because of a past event or transaction.
Explanation:
A contingent liability is a potential liability that has arisen because of a past event or transaction.
Some of the characteristics of contingent liabilities includes being remote, probable, estimable, and reasonably possible.
In order to record a contingent liability as a liability on a company's balance sheet, it must be probable (likely to occur) and subject to estimate.
Hence, companies are advised to record the contingent liabilities so as to meet the Generally Accepted Accounting Principles (GAAP) and IFRS requirements.
Answer:
Like the title of the article states, all economy relayed choices are the results of an incentive or disincentive a potential polluter faces. He gave the example of the Lake Erie, stating that is highly reasonable (although highly unethical) it is polluted, as it is financially efficient to simply dump garbage in the lake, rather than invest in a recycling or waste management system. He also added, that since the lake is a public good, no one will look at the pollution as a serious concern, since it isn't owned by anybody.
All of this implies that a structured, incentive system has to be created in order to curb pollution.
The bank can repossess the car and if anything is used as collateral they can claim that as well. It is best to not get yourself in debt you cannot pay off.
One way to calculate debt is to figure out what your income is per week, and divide that by the weekly payments for the car. Lets say you make 3200, and your debt is 450 a week.
As shown below
<em>Income ÷ Payments </em>
3200 ÷ 450 = 0.14
Now multiply that by 100 to get your percentage,
0.14 x 100 = %14
Financial advisors recommend that you keep your debt-to-income ratio under 30%.
Answer / Explanation:
To properly answer this question, we will first define some key terms which includes:
Surplus: This can be refereed to as an amount exceeding a particular requirement after it has been met.
Demand: This can be refereed to as the quantity of goods and serves a consumer or an individual is willing and pay for per time.
Now that we understand the basic concept above, we now refer back to the narrative of the question to try and answer t hem.
(a) With Provider A, the cost of an extra minute is $0. With Provider B, the cost of an extra minute is $1.
(b) With Provider A, my friend will purchase 150 minutes [= 150 – (50)(0)]. With Provider B, my friend would purchase 100 minutes [= 150 – (50)(1)].
(c) With Provider A, she would pay $120. With Provider B, he would pay $100.
(d) The figure below shows the friend’s demand. With Provider A, she buys 150 minutes and her consumer surplus is equal to (1/2)(3)(150) – 120 = 105. With Provider B, her consumer surplus is equal to (1/2)(2)(100) = 100
(e) I would recommend Provider A because she receives greater consumer surplus when buying from that provider.
Answer:
Sarah Elizabeth Butler is a well known American actress. She is probably best known for her role as Jennifer Hills in the Popular film series: I Spit on Your Grave. Sarah was very interested in the Arts when she was growing up singing in choirs, entering in singing completions, and performed in high school and community theater. She dropped out of college, and decided to focus on finding a talent agent, and began to audition for work in television and film. She found out that she really enjoyed acting and the rest is history!
