Panama shirt designs is a defendant in litigation involving an employee accident in its manufacturing plant.

for each of the following scenarios, determine the appropriate way to report the situation and record any necessary entry.

- the likelihood of a loss occurring is probable and the estimated loss is $650,000. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.
- the likelihood of a loss occurring is probable and the loss is estimated to be in the range of $600,000 to $900,000. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)
- the likelihood of a loss occurring is reasonably possible and the estimated loss is $650,000.
the likelihood of a loss occurring is remote, while the estimated potential loss is $650,000

What are the main advantages and disadvantages of organizing a firm as a c corporation? the advantages are: (select all the choices that apply.) a. there is no limit on the number of owners a c corporation may have, thus allowing the corporation to raise substantial amounts of capital. b. the life of the business can continue beyond the death of any of the owners. c. the corporation can use the assets of the owners to pay for corporate liabilities. this attracts smaller investors to the corporation. d. the liability of the owners is limited to the amount of their investment in the firm. the disadvantages are: (select all the choices that apply.) a. income to a c corporation is subject to double taxation, once at the corporate level and again when received by the owners in the form of a dividend. b. the life of the business usually ends with the death of any of the owners. c. the c corporation is more complicated and more expensive to set up than other business entities. d. corporate liabilities can be passed on to the share

10. which of the following is true regarding preretirement inflation? a. defined-benefit plans provide more inflation protection than defined-contribution plans. b. because of preretirement inflation, possible investment-related growth is increased for defined-contribution plans. c. all types of benefits are designed to cope with preretirement inflation. d. preretirement inflation is generally reflected in the increase in an employee's compensation level over a working career.

In each of the following cases, find the unknown variable. ignore taxes. (do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) accounting unit price unit variable cost fixed costs depreciation break-even 20,500 $ 44 $ 24 $ 275,000 $ 133,500 44 4,400,000 940,000 8,000 75 320,000 80,000