Todrick company is a merchandiser that reported the following information based on 1,000 units sold: sales . . . . . . . . . . . . . . . . . . . . $300,000 beginning merchandise inventory . . . . . . . $20,000 purchases . . . . . . . . . . . . . . . . . $200,000 ending merchandise inventory . . . . . . . . $7,000 fixed selling expense . . . . . . . . . . . . ? fixed administrative expense . . . . . . . . . $12,000 variable selling expense . . . . . . . . . . . $15,000 variable administrative expense . . . . . . . ? contribution margin . . . . . . . . . . . . . $60,000 net operating income . . . . . . . . . . . . $18,000

The following selected circumstances relate to pending lawsuits for erismus, inc. erismus’s fiscal year ends on december 31. financial statements are issued in march 2019. erismus prepares its financial statements according to u.s. gaap. required: indicate the amount erismus would record as an asset, liability, or not accrued in the following circumstances. 1. erismus is defending against a lawsuit. erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000. 2. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages could fall anywhere in the range of $2,000,000 to $4,000,000, with any damage in that range equally likely. 3. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages will eventually be $5,000,000, with a present value of $3,500,000. 4. erismus is a plaintiff in a lawsuit. erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000. 5. erismus is a plaintiff in a lawsuit. erismus’s management believes it is virtually certain that the company eventually will prevail in court, and that if it prevails, the judgment will be $500,000.

Money aggregates identify whether each of the following examples belongs in m1 or m2. if an example belongs in both, be sure to check both boxes. example m1 m2 gilberto has a roll of quarters that he just withdrew from the bank to do laundry. lorenzo has $25,000 in a money market account. neha has $8,000 in a two-year certificate of deposit (cd).

Atrough in the business cycle occurs when