Business, 26.02.2020 02:52 imstupid77
Swifty Corporation is being sued for illness caused to local residents as a result of negligence on the company's part in permitting the local residents to be exposed to highly toxic chemicals from its plant. Swifty's lawyer states that it is probable that Swifty will lose the suit and be found liable for a judgment costing Swifty anywhere from $1830000 to $8960000. However, the lawyer states that the most probable cost is $5410000. As a result of the above facts, Swifty should accrue:
a. a loss contingency of $1,800,000 and disclose an additional contingency of up to $7,200,000.
b. a loss contingency of $5,400,000 and disclose an additional contingency of up to $3,600,000.
c. a loss contingency of $5,400,000 but not disclose any additional contingency.
d. no loss contingency but disclose a contingency of $1,800,000 to $9,000,000.
Answers: 3
Business, 22.06.2019 13:00
Dakota products has a production budget as follows: may, 16,000 units; june, 19,000 units; and july, 24,000 units. each unit requires 3 pounds of raw material and 2 direct labor hours. dakota desires to keep an inventory of 10% of the next month’s requirements on hand. on may, 1 there were 4,800 pounds of raw material in inventory. direct labor hours required in may would be:
Answers: 1
Business, 22.06.2019 16:00
What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.
Answers: 1
Business, 22.06.2019 21:00
Reagan corporation is a wholesale distributor of truck replacement parts. initial amounts taken from reagan's records are as follows:
Answers: 1
Swifty Corporation is being sued for illness caused to local residents as a result of negligence on...
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