Car Company Question: Must show EVERY step, I must know exactly how you got every number. Everything in the solution and work should be clear and easy to understand on how you got each and every number. Any formulas used should be included, Excel spread sheet would be preferred (I have this table in an excel spread sheet that you can work from ,and I would just have to email it to you since I can't seem to add the file on this question) make sure I can see every formula, and know where you got every number from). If you have any question please let me know -This assignment has different numbers from other questions like it listed elsewhere, so please pay attention to only the numbers provided below. Thank you.

The Problem

Some car companies currently face numerous lawsuits due to reported cases of failed brakes, which could negatively impact image of those companies. Such lawsuits are prime examples of contingent losses because the loss is contingent upon an adverse settlement or verdict in the case. The litigation loss contingency should be accrued if a loss is probable and can be estimated. Probable and estimable are difficult concepts that offer managers a fair degree of discretion.

A) List two reasons why the managers in this case might resist quantification and accrual of a loss liability.

B) In 2 paragraphs, describe a circumstance when managers might be willing to accrue a contingent loss that they had earlier resisted accruing. please list the website of all references used