Pacific Cruise Lines is a defendant in litigation involving a swimming accident on one of its three cruise ships. Required:
For each of the following scenarios, determine the appropriate way to report the situation. Explain your reasoning and record any necessary entry.

a. The likelihood of a payment occurring is probable, and the estimated amount is $1.2 million.
b. The likelihood of a payment occurring is probable, and the amount is estimated to be in the range of $1 to $l.5 million.
c. The likelihood of a payment occurring is reasonably possible, and the estimated amount is $1.2 million.
d. The likelihood of a payment occurring is remote, while the estimated potential amount is.$1.2 million.

Why should you not sign the tenant landlord agreement quickly and immediately

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

The demand curve determines equilibrium price in a market. is a graphical representation of the relationship between price and quantity demanded. depicts the relationship between production costs and output. is a graphical representation of the relationship between price and quantity supplied.