The ace company is affected by the following contingencies at the end of 2015: 1) ace’s legal counsel has concluded that it is probable that the company will be required to pay damages of $400,000 in a lawsuit. 2) expropriation of ace’s foreign assets, valued at $3,000,000, appears reasonably possible. 3) ace’s controller estimates that $30,000 of the company’s receivables are likely to be uncollectible, and will require ace to honor the amounts. 4) it appears remotely possible that a major customer will be unable to repay a note to ace for $100,000. what total amount should ace accrue for loss contingencies in 2015? a. $430,000 b. $3,400,000 c. $3,430,000 d. $530,000

Captain john's yachts, inc., located in fort lauderdale, florida, rents three types of ocean-going boats: sailboats, cabin cruisers, and captain john's favorite, the luxury yachts. captain john advertises his boats with his famous "you rent"we pilot" slogan, which means that the company supplies the captain and crew for each rented boat. each rented boat has one captain, of course, but the crew sizes (deck hands, galley hands, etc.) differ. the crew requirements, in addition to a captain, are one for sailboats, two for cabin cruisers, and three for yachts. ten employees are captains, and an additional 18 employees fill the various crew positions. currently, captain john has rental requests for all his boats: four sailboats, eight cabin cruisers, and three luxury yachts. if captain john's daily profit contribution is $50 for sailboats, $70 for cruisers, and $100 for luxury yachts, how many boats of each type should he rent?

How will firms solve the problem of an economic surplus a. decrease prices to the market equilibrium price b. decrease prices so they are below the market equilibrium price c.increase prices

What is an example of a good stock to buy during economic expansion? a) cyclical stock b) defensive stock c) income stock d) bond