Business
Business, 31.10.2019 07:31, charlie3051

The park company is affected by the following contingencies at the end of 2016: 1. expropriation of park’s foreign assets, valued at $3,000,000, appears reasonably possible. 2. parks' legal counsel has concluded that it is probable that the company will be required to pay damages of $500,000 in a lawsuit. 3. it appears remotely possible that a major customer will be unable to repay parks on a note receivable for $100,000. 4. parks' controller estimates that $250,000 of the company's pledged receivables are likely to be uncollectible, and the lender will require parks to honor the amounts. what total amount should parks accrue for loss contingencies in 2016? $3,850,000
$3,500,000
$850,000
$750,000

answer
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 15:00, mariahgriego4126
Which energy career pathways work with renewable energy? check all that apply.
Answers: 1
image
Business, 22.06.2019 21:00, TH3L0N3W0LF
The purpose of the transportation approach for location analysis is to minimize which of the following? a. total costsb. total fixed costsc. the number of shipmentsd. total shipping costse. total variable costs
Answers: 1
image
Business, 22.06.2019 21:10, dooboose15
Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.
Answers: 3
image
Business, 22.06.2019 22:40, jonlandis6
The year is 2278, and the starship enterprise is running low on dilithium crystals, which are used to regulate the matter-antimatter reactions that propel the ship across the universe. without the crystals, space-time travel is not possible. if there is only one known source of dilithium crystals, the necessary conditions for a monopoly are met. part 2 (1 point)see hint if the crystals are government owned or government regulated, and the government wants to create the greatest welfare for society, then it should set the price choose one or more: a. so only the rich can afford space-time travel. b. at the profit-maximizing price. c. at the efficient price. d. using the marginal-cost pricing rule. e. so everyone can afford space-time travel. f. at the monopoly price.
Answers: 1
Do you know the correct answer?
The park company is affected by the following contingencies at the end of 2016: 1. expropriation of...

Questions in other subjects:

Konu
Chemistry, 25.07.2019 14:00