Homeland Security Systems experienced an event that had the following effects on its financial statements. Balance SheetIncome StatementStatement of Cash FlowsAssets=Liab.+EquityRev.−Exp.=N et Inc. NA + −NA + −NA Which of the following events would have caused these effects?

a. Recognizing a contingent liability that has a remote chance of occurring
b. Recognizing a contingent liability that has a probable chance of occurring and is estimable
c. Recognizing a contingent liability that has a reasonably possible chance of occurrth but is not estimable
d. All of the answers describe events that could have caused the effects shown in the financial statements model

Henry crouch's law office has traditionally ordered ink refills 7070 units at a time. the firm estimates that carrying cost is 4545% of the $1212 unit cost and that annual demand is about 245245 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal? its action would be optimal given an ordering cost of $nothing per order (round your response to two decimal place

Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?