What is the amount of the liability that the company recognizes in each of the following independent
Question:
a. A plaintiff files a lawsuit against the company.
b. The probability is 90% that the company will lose. If it loses, the amount of the loss will most likely be $100,000.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (15 reviews)
a The expected value of the liability is 90000 in both ca...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
Question Posted:
Students also viewed these Accounting questions
-
What is the amount of service department cost allocated to P1 and P2 using the step method with S1 goingfirst? Percentage Service Provided to: Department Cost S1 S2 P1 P2 Service 1 (S1] Service 2...
-
What is the amount of the standard real estate commission charged by brokerage firms in your community? Assume you own a home in which your equity is $25,000, and that you are about to sell for...
-
What is the amount of the permitted deduction for single and married taxpayers who use Form 1040EZ?
-
For each equation: a) Tell whether the equation describes a parabola, an ellipse, or a hyperbola. b) State whether the directrix is vertical or horizontal and give its location in relation to the...
-
Define competitive advantage. How do companies go about finding their competitive advantage?
-
Find each definite integral. 0 xV5x + 4 dx
-
Identify which business processes need to be reengineered and which changes will make the biggest impact. (pp. 428429)
-
A process has the transfer function, G(s) 2e0.2t/ (s + 1). Compare the PI controller settings for the following design approaches: (a) Direct Synthesis method (c = 0.2) (b) Direct Synthesis method (c...
-
Diane Buswell is preparing the 2022 budget for one of Current Designs rotomolded kayaks. Extensive meetings with members of the sales department and executive team have resulted in the following unit...
-
1. What mistakes do you think John Mitchell made with the way he solved the problem of limited office space? Explain. 2. What approach would you have used if you were Mitchell? Why? 3. What are...
-
For each of the following items, indicate whether the item meets all of the criteria in the definition of a liability. If so, how does the firm value it? a. Interest accrued but not paid on a note....
-
The word probable appears in the definitions of assets and liabilities und in the recognition criteria for liabilities with uncertain amount and/or timing. a. What is the meaning (or the...
-
A current source delivering \(i(t)=120 \cos (500 t) \mathrm{mA}\) is connected across a parallel combination of a \(10-k \Omega\) resistor and a \(0.2-\mu \mathrm{F}\) capacitor. Find the...
-
Implement the nearest neighbor algorithm in the programming language of your choice. The algorithm should work with vectors of up to 10 integer values and allow up to 10 integer classifications. By...
-
Use the operators described in Section 16.2.4 and the STRIPS method to solve the block world planning problem shown in Figure 16.11. The first state shown is the start state and the second state is...
-
Implement a Bayesian belief network in the programming language of your choice to represent a subject in which you are interested (for example, you might use it to diagnose medical conditions from...
-
Researchers have measured the acceleration of racing greyhounds as a function of their speed; a simplified version of their results is shown in Figure P4.67. The acceleration at low speeds is...
-
If the rate at which energy is dissipated by resistor 1 in Figure P31.86 is \(2.5 \mathrm{~W}\), and \(R_{1}=10 \Omega, \mathscr{E}_{1}=12 \mathrm{~V}\), and \(\mathscr{E}_{2}=6 \mathrm{~V},\) (a)...
-
Material delays have routinely limited production of household sinks to 400 units per day. If the plant efficiency is 80%, what is the effective capacity? lop25
-
(a) Find the equation of the tangent line to f(x) = x 3 at the point where x = 2. (b) Graph the tangent line and the function on the same axes. If the tangent line is used to estimate values of the...
-
Name all the functional groups possible for molecules that have the molecular formulas (a) C 4 H 10 O, (b) C 4 H 8 O, (c) C 4 H 8 O 2 . Draw a structural formula for each functionalized hydrocarbon.
-
What is the difference between the current ratio and the acid-test ratio?
-
What is the difference between the current ratio and the acid-test ratio?
-
What is the difference between the current ratio and the acid-test ratio?
-
The cost of partially completed goods at the end of the period would be Ending work in process inventory Cost of goods sold Beginning finished goods inventory Beginning work in process inventory
-
At a 3% (EAR) rate of interest, you will quadruple (increase four folds) your money in approximately ____ years.
-
Smile Company makes baked goods. The budgeted sales are $620,000, budgeted variable costs are $260,400, and budgeted fixed costs are $237,800. What is the budgeted operating income?
Study smarter with the SolutionInn App