On january 3, 2009, acme corp. owned a machine that had cost $300,000. the accumulated depreciation was $180,000, estimated salvage value was $18,000, and fair market value was $480,000. on january 4, 2009, this machine was irreparably damaged by reed corp. and became worthless. in october 2009, a court awarded damages of $480,000 against reed in favor of acme. at december 31, 2009, the final outcome of this case was awaiting appeal and was, therefore, uncertain. however, in the opinion of acme's attorney, reed's appeal will be denied. as of december 31, 2009, do we have a loss contingency, a gain contingency, or both? how should this be accounted for in the financial statements? be sure to use the requirements of codification section 450 (fasb 5) to explain your answer.

Intronix uses copy editors, computer graphics specialists, and java programmers to produce ads for magazines and the internet. the average new ad for magazines typically requires 180 hours of a copy editor's time and 135 hours of a computer graphics specialist's time, whereas ads produced for the internet require 35 hours of copy editor time, 195 hours of computer graphics time, and 60 hours of a java programmer's time. lassie food, a dog food manufacturer, has hired intronix to produce ads in the next four week. although currently it considers magazine ads 3 times more valuable than internet ads, it still wishes to have at least 2 of each produced within the next four weeks. intronix has assigned up to 3 copy editors, 4 computer graphics specialists, and 1 java programmer, each committed to work up to 70 hours per week on the project. how many of each type of ad should be produced to maximize the overall value to lassie foods

After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.

If a hotel has 100 rooms, and each room takes 25 minutes to clean, how many housekeepers working 8-hour shifts does the hotel need at 50 percent occupancy?