answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Fujitsu Siemens Computers is a legally independent company of which Fujitsu and Siemens each own 50 percent. This collaboration
Ierofanga [76]

Answer: Fujitsu Siemens Computers is a legally independent company of which Fujitsu and Siemens each own 50 percent. This collaboration is an example of a(n) JOINT VENTURE, which is effective at transferring KEY KNOWLEDGE.

Explanation: A joint venture is a kind of business formation which involves the coming together of two or more independent companies retaining their individual identities but functioning in some areas as one.

The companies involved in a joint venture come together to share key ideas used to improve each other and also funding.

7 0
2 years ago
If the substitution effect of the real interest rate on saving is larger than the income effect of the real interest rate on sav
Kay [80]

Answer:

rise, fall

Explanation:

In the case when the subsitution effect with respect to the real rate of interest should be saved and more than the income effect on the real rate of interest so if there is an increased in the real rate of interest so there is an increase in the consumption also there is the fall in the savings

Also, if there is a more income effect, the consumption should rise and the savings would decline

Therefore the rise and fall should be considered to fill the blanks

3 0
2 years ago
High Brow Express deals strictly with two customers. The payment from Customer A averages $537,400 and has a collection delay of
Marizza181 [45]

Answer:

The answer is E.

Explanation:

Total payment from customers is:

$537,400 + $737,500

= $1,274,900

Weighted average delay from customer A is:

($537,400/$1,274,900) x 3

=1.26 days

Weighted average delay from customer B is:

($737,500/$1,274,900) x 1

=0.58 day

Therefore, total weighted average delay is:

1.26 days + 0.58 day

=1.84days

5 0
2 years ago
Leo received $7,500 today and will receive another $5,000 two years from today. He will invest these funds when he receives them
alekssr [168]

Answer:

Value of Investment= Principal (1+Rate of return)^Number of periods

For the first investment the principal is 7,500, the rate of return is 11.5% and the number of periods are 5 so the value of the investment will be

7,500 (1+0.115)^5=12,925

For the second investment the principal is 5,000, the rate of return is 11.5 and the number of periods are 3 as the 5,000 is invested two years from today.

5,000*(1+0.115)^3=6,931

Total value of investments = 12,925 +6,931 = $19,856

8 0
1 year ago
Which of the following is not associated with firms following the global standardization strategy? A. Low pressures for local re
zvonat [6]

Answer:

The correct option is D. Customize product offering and marketing strategy to local conditions

Explanation:

Global standardization strategy refers to the ability to use a particular standard of marketing internationally. In other words, it's the ability for an organization to use the same marketing strategy from one country to another country, and across various cultures.

What this means is that an organisation using the global standardization strategy will treat the world as largely one market and one source of supply with little local variation.

Therefore, the firms following the global standardization strategy will not Customize product offering and marketing strategy to local conditions .

4 0
2 years ago
Read 2 more answers
Other questions:
  • A high school basketball team won 40% of its first 15 games. beginning with the 16th game, how many games in a row does the team
    13·1 answer
  • to what degree do you think the creativity of the firm is a function of the creativity of individuals, versus the structure, rou
    13·1 answer
  • A department store has budgeted sales of 12,800 men's coats in September. Management wants to have 6,800 coats in inventory at t
    5·1 answer
  • Assume that Fan-Tastic Sports Gear Inc. will be using the allowance method this year. Select any items(s) from the following lis
    8·1 answer
  • Given a normal market demand curve for airline travel, if airline pilots get a raise in pay, then there is a/an? (1 points)
    11·1 answer
  • Black Horse Corporation manufactures a product with the following full unit costs at a volume of 2000 units:
    12·1 answer
  • To raise operating funds, National Distribution Center sold its office building to an insurance company on January 1, 2018, for
    8·1 answer
  • Greta loses her two dogs. She puts signs all over town that offer a $50 reward for the return of her dogs. Al and Ben see the po
    11·1 answer
  • Hugo has been working on his company’s new marketing campaign for the past few weeks. He is now looking at the target market and
    14·1 answer
  • Perine Company has 5,220 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!