This amount would have to be recorded as not accrued in the circumstance that he is defending against a lawsuit.
<h3>What is a lawsuit?</h3>
A lawsuit is an action brought by one or more parties in a civil court of law against another party. Only a limited number of laws from long ago that are still in force include the phrase "suit in law."
The most frequent reasons to "sue" an employer are discrimination, harassment, wrongful termination, and workplace injuries, whether accusations are made or a lawsuit is filed directly. More information about each sort of claim is provided below.
Read more on lawsuits here:brainly.com/question/25389760
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required: Indicate the amount Erismus would record as an asset, liability, or not accrued in the following circumstances
Erismus is defending against a lawsuit. Erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000.
Answer:
B. 200
Explanation:
At Break even point:
Total costs= Total revenue
In the given question
Total costs=Total variable costs+total fixed costs
=$1 *number of cards to be sold+$400
Total revenue=$3*number of cards to be sold
$1 *number of cards to be sold+$400=$3*number of cards to be sold
$3*number of cards to be sold-$1 *number of cards to be sold=$400
$2*number of cards to be sold-=$400
Number of units to be sold=$400/$2=200
So based on the above calculations, the answer shall be B. 200
Answer:
A. $26,400
Explanation:
Prepaid insurance beginning balance $3,000
Add: Insurance paid during year <u>$25,800</u>
$28,800
Less: Prepaid insurance Ending balance <u>$2,400 </u>
Insurance expense <u>$26,400</u>
Answer:
$2.38
Explanation:
Note : I have uploaded the full question below as an image
Step 1
<em>Calculate the Equivalent units of production with respect to conversion costs</em>
Units Completed and Transferred (81,000 x 100%) = 81,000
Plus Units in Ending Work In Process (9,000 x 20%) = 1,800
Total Equivalent Units = 82,800
Step 2
<em>Calculate the Total Conversion Costs during the period</em>
Total Conversion Costs = $197,380 (given)
Step 3
<em>Calculate Cost per Equivalent Unit</em>
Cost per Equivalent Unit = Total Cost ÷ Equivalent Units
= $197,380 ÷ 82,800
= $2.38
Answer:
The French measure success by how much time they got to spend with their family
Explanation:
while someone in the US bragging about work 100 hours a week making tons of money but never seeing their family or having outside of work hobbies could consider him/herself a success, a French person would probably not call that person a failure but would also not envy him/her at all.