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sveta [45]
2 years ago
8

You are auditing Rodgers and Company. You are aware of a potential loss due to noncompliance with environmental regulations. Man

agement has assessed that there is a​ 40% chance that a​ $10M payment could result from the​ non-compliance. The appropriate financial statement treatment is to
A. since there is less than a​ 50% chance of​ occurrence, ignore.
B. since there is greater that a remote chance of​ occurrence, accrue the​ $10 million.
C. accrue a​ $4 million liability.
D. disclose a liability and provide a range of outcomes.
Business
1 answer:
aniked [119]2 years ago
4 0

Answer:

D. disclose a liability and provide a range of outcomes.

Explanation:

As there are 40% chances to the outcome that liability will occur, it is not nominal to be ignored. And therefore, it shall be shown in the balance sheet, as a note, with different possibilities and their expected results.

As the amount attached is huge and that the company shall not ignore such a coming liability, as if it do not happen, it can be reversed, and if it does the company shall be ready to have the liability in case of any default.

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Rundle Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Super Supreme Sale
Basile [38]

Answer:

(a) 5,200 Units

(b) 4,160 Units ; 1,040 Units

Explanation:

Super:

Weighted Contribution Margin Per Unit:

= Contribution margin per unit × Sales Mix

= $33 × 80%

= $26.4

Supreme:

Weighted Contribution Margin Per Unit:

= Contribution margin per unit × Sales Mix

= $37 × 20%

= $7.4

Therefore,

Total Weighted Contribution Margin Per Unit = $26.4 + $7.4

                                                                           = $33.8

a. Total Units to Break Even:

= Fixed Cost ÷ Total Weighted Contribution Margin Per Unit

= $175,760 ÷ $33.8

= 5,200 Units

b. Hence,

Units of Product Super = 5,200 Units  × 80%

                                       = 4,160 Units

Units of Product Supreme = 5,200 Units × 20%

                                             = 1,040 Units

6 0
2 years ago
A more efficient means of processing algae to produce an anticancer drug is discovered. as a result, the supply curve for the dr
Arturiano [62]
<span>A more efficient means of processing algae to produce an anticancer drug is discovered. As a result, the supply curve for the drug will shift to the right, decreasing the price of the drug. Because there was a discovery for a new production method the price drops to reflect the changes. Due the increase of production the price going down will now allow for more people to try the product at a cheaper cost. </span>
7 0
2 years ago
The Korean soap opera example discussed in the video is an example of how Domino’s was successful at educating the South Korean
Slav-nsk [51]

One must employ the Global Communication Strategy.

Let understand that Global communication refers to development & sharing of information in international settings, either in form of verbal and non-verbal measure.

  • Another name for Global communication is international communication.

  • Global Communication Strategy refers to plan of action which companies who participate in international setting, carries out to reach out to audience around the globe.

In conclusion, in order to be successful in the global market, the company like Domino must have a ery effective global communication strategy.

Learn more about Global communication strategy here

<em>brainly.com/question/9058933</em>

5 0
2 years ago
You publish a magazine for calculator collectors. to produce and distribute this magazine, you use a number of inputs: • compute
LekaFEV [45]

Answer: D

Options included in the questions are:

“A. The demand for the magazine shifts to the left, and the supply curve shifts to the right. The equilibrium price falls, with an unknown change in the equilibrium quantity.

<span>B. The demand for the magazine does not change,  supply curve shifts to the left. The equilibrium price rises, while the equilibrium quantity falls. </span>

<span>C. The demand for the magazine shifts to the right, and the supply curve shifts to the left. The equilibrium price rises, with an unknown change in the equilibrium quantity. </span>

D. The demand for the magazine does not change, and the supply curve shifts to the right. The equilibrium price falls, but the equilibrium quantity rises.”

The answer is D.

The demand for the magazine does not change even if the price of the computers goes down. It is the equilibrium price that will fall due to decrease on the price of inputs resulting to increase in quantity of a magazine produced.

<span> </span>

4 0
2 years ago
Read 2 more answers
A customer is looking for a particular brand of sunscreen and has not been able to find it in the store. He approaches you and a
pav-90 [236]

Explanation:

Considering the given situation, I am being a shop keeper and you are being a customer.

Most likely to do:

  • Customers are king. So I don't want to tell any customer "no". So I would support him by saying "Currently the stock has moved, we expect the order to be placed today and will assure to give him tomorrow".
  • So the customer will get hope and would continue to bring business. Building rapport and keeping contacts with customer is the most important.

Least likely to do:

  • Just say to the customer that the stock is not available.
3 0
2 years ago
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