This year, port city was sued for injuries sustained when a citizen slipped and broke her hip on the icy city hall steps. the city attorney estimates the city will be held liable by the courts and a judgment of $300,000 will result. because of the nature of the case it will likely be four years before the city makes any payment related to the accident. the present value of the likely future payment is $251,000. in the general fund, at the end of the current fiscal year, port city should recognize a liability of $300,000. $251.000. $75,000

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.

Which of the following best explains why online retail companies have an advantage over regular stores? a. their employees make less money because they mostly perform unskilled tasks. b. they are able to keep distribution costs low by negotiating deals with shipping companies. c. their transactions require expensive state-of-the-art technological devices. d. they have a larger number of potential customers because people anywhere can buy from them.

China white was the black market selling of ivory, in which the profit was redistributed back into the trafficking of heroin.