On April 1, 20Y8, Maria Adams established Custom Realty. Maria completed the following transactions during the month of April:
a. Opened a business bank account with a deposit of $25,000 in exchange for common stock.
b. Purchased supplies on account, $2,520.
c. Paid creditor on account, $1,590.
d. Earned sales commissions, receiving cash, $25,700.
e. Paid rent on office and equipment for the month, $5,040.
f. Paid dividends, $8,000.
g. Paid automobile expenses for month, $2,420, and miscellaneous expenses, $1,160.
h. Paid office salaries, $3,030.
i. Determined that the cost of supplies on hand was $850; therefore, the cost of supplies used was $1,670.
Required:
Indicate the effect of each transaction and the balances after each transaction.
Answers
Answer:
Cash + Supplies = Accounts Payable + common stock - dividends + sales commission - Rent expense.
$20,000 + 2,520 = $2,520 - $1,590 + 25,700 - $5,040 - $8,000 - $2,420 - $1,160 - $3,030 - $850
Explanation:
The effect of transaction is listed above. The effect will be on the balance sheet. These transaction have impacts on various accounts assets side is impacted and liability side is impacted. Equity is affected when there is payment of dividends and stock capital issuance.
Related Questions
If the dean of your faculty asked you to serve on a committee to develop a performance appraisal system for evaluating the faculty, what performance criteria would you identify? Of these criteria, which ones do you think are most likely to determine the faculty members' success at your school? What standards would you recommend to the dean, regardless of the specific evaluation instrument selected?
Answers
Answer and Explanation:
The following shall be the performance criteria for assessing the success of faculty members in the school.
1. The first criterion is the attendance of faculty and the number of lectures that the faculty is supposed to take as compared with the number of lectures the faculty actually takes during an academic year.
2. The second criterion is to assessing of faculty based on student engagement i.e student attendance how much he or she is present in a school
3. The third criterion deals with faculty involvement with respect to mentoring and motivating them for curricular activities.
4. The fourth criterion is faculty behavior. How he or she is behaving with the management, colleagues, and students.
5. The fifth criterion is based on student performance.
By the above explanation, we can conclude that the success of faculty could be determined mainly with the faculty attendance, his or her behavior students performance, etc
Now for the standard, we recommend we have to consider the ten point scale so that we can analyze each faculty performance based on the criterion as discussed above.
And for the success of each lecture, we need to do the rating that should be a minimum of 5 out of 10 for all standards, etc
in the short run, which of the following firms should attempt to produce where average costs are at a minimum in order to maximize profits or minimize losses?
a. perfectly competitive firm
b. a monopolistically competitive firm
c. an oligopoly
d. a monopoly
e. none of the above
Answers
Answer: A perfectly competitive firm
Explanation:
Help this attached question
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In economics, goods are items that satisfy human wants and provide utility, for example, to a consumer purchasing a satisfying product.
What is the meaning of Goods?
In economics, goods are things that satisfy human needs and have value, like a buyer purchasing a nice product. Differentiating between transferable goods and non-transferable services is standard procedure.
Services are tasks carried out for the benefit of the recipients, whereas goods are physical commodities offered to clients. Products are materials and goods that meet the requirements and desires of consumers. A "good" may be a tangible item, a service rendered, or a mix of the two.
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When transporting food items off site the label should include?
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Organizations working in the food business face a significant test: food transport. For this strategic move toward be done proficiently and without misfortunes, there are a progression of precautionary measures to be noticed.
On account of transport, it should be broke down whether the item is moved at the ideal temperature, whether the vehicle is perfect, without any vectors and vermin.
Hence, while shipping food off-site, the mark should incorporate the name of the food, termination date and time and guidelines for lead and conveyance.
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the wildlife department has been feeding special food to rainbow trout finger lings in a pond. A sample of weight of 40 trout revealed that the mean weight is 402.7 grams and the standard deviation 8.8 grams .
what is estimated mean wight of population? what is 99% confidence interval?,what degree of confidence is being used? interparet the result
Answers
We estimate the mean weight of the population to be 402.7 grams, with a 99% confidence interval of (398.77, 406.63) grams. The degree of confidence used is 99%.
To estimate the mean weight of the population of rainbow trout fingerlings, we can use the sample mean as an estimate. In this case, the sample mean weight is 402.7 grams.
Since the sample is a good representation of the population, we can consider this as our estimate for the population mean weight.
To determine the 99% confidence interval, we need to calculate the margin of error. The margin of error is given by multiplying the critical value (z*) with the standard deviation of the sample mean.
For a 99% confidence level, the critical value is 2.576 (obtained from a standard normal distribution table).
The margin of error is then calculated as 2.576 * (8.8 / sqrt(40)), which equals 3.932 grams. Therefore, the 99% confidence interval for the mean weight of the population is 402.7 ± 3.932, or approximately (398.77, 406.63) grams.
The degree of confidence used is 99%, meaning that if we repeated the sampling process multiple times, approximately 99% of the resulting confidence intervals would contain the true population mean weight.
In conclusion, we estimate the mean weight of the population to be 402.7 grams, with a 99% confidence interval of (398.77, 406.63) grams. This means we are 99% confident that the true population mean weight falls within this range.
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What is the definition of minimum wage?
Answers
Answer:
Minimum wage i sthe lowest amoun that an employer can pay you per hour and they can not go lower than this number
Explanation:
Brainliest please
the lowest hourly pay that workers can receive
Which of the following are true about cover letters? Select all that apply.
A cover letter should be tailored to meet the objectives of the job you are seeking
A cover letter should explain skills you don't possess
A cover letter should be informal and talkative to make the best impression
A cover letter should highlight your skills and experiences
A cover letter should describe why you left your former job
Answers
Answer:
A cover letter should highlight your skills and experience.
Explanation:
Your cover letter is a marketing tool you'll use to promote your background and highlight skills when applying to jobs through STARS. A well-crafted cover letter distinguishes you from others and will entice the reader to want to learn more about you.
top level management essay
Answers
Based on the business and administrative concept, top-level management is the level of management that consists of an organization's board of directors and the chief executive or managing director.
Essay on Top-Level ManagementTop-level management is a term that is used to describe the highest level of executive management.
Generally, this management level is considered the ultimate source of power and authority since it oversees the goals, policies, and procedures of a company.
Examples of Top-level Management include the following:Chief Executive Officer (CEO)Chief Financial Officer (CFO)Chief Operating Officer (COO)Company President.Company Vice President.Hence, in this case, it is finally concluded that Top Level Management is crucial to any company's success.
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Magnificent Blooms is a florist specializing in floral arrangements for weddings, bo graduations, and other events. Magnificent Blooms has a fixed cost associated with space and equipment of $100 per day. Each worker is paid $50 per day. The daily production § function for Magnificent Blooms is shown in the accompanying table. © Macmil Submit All Quantity of labor (workers) 0 1 2 3 4 5 a. Calculate the marginal product of each worker. Quantity of floral arrangements 0 5 9 12 14 15 Marginal product Quantity of labor (workers) 1 2
Answers
The marginal product of each worker for Magnificent Blooms is as follows: Worker 0: N/A: Worker 1: 5: Worker 2: 4: Worker 3: 3: Worker 4: 2: Worker 5: 1
To calculate the marginal product of each worker for Magnificent Blooms, we need to determine the change in the quantity of floral arrangements resulting from each additional worker.
Here's how to calculate the marginal product for each worker:
Worker 0: Since there are no workers (0 workers), the quantity of floral arrangements is 0. Therefore, the marginal product for worker 0 cannot be calculated.
Worker 1: The quantity of floral arrangements with 1 worker is 5. To calculate the marginal product for worker 1, we subtract the quantity of floral arrangements with 0 workers from the quantity with 1 worker: 5 - 0 = 5.
Worker 2: The quantity of floral arrangements with 2 workers is 9. To calculate the marginal product for worker 2, we subtract the quantity of floral arrangements with 1 worker from the quantity with 2 workers: 9 - 5 = 4.
Worker 3: The quantity of floral arrangements with 3 workers is 12. To calculate the marginal product for worker 3, we subtract the quantity of floral arrangements with 2 workers from the quantity with 3 workers: 12 - 9 = 3.
Worker 4: The quantity of floral arrangements with 4 workers is 14. To calculate the marginal product for worker 4, we subtract the quantity of floral arrangements with 3 workers from the quantity with 4 workers: 14 - 12 = 2.
Worker 5: The quantity of floral arrangements with 5 workers is 15. To calculate the marginal product for worker 5, we subtract the quantity of floral arrangements with 4 workers from the quantity with 5 workers: 15 - 14 = 1.
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Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online
Answers
To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.
The more productive a company can be, the greater its return on that investment and the higher the profit.
True
False
Answers
Answer: true
Explanation:
Which Airlines lounges are the best ?
Answers
Reason:
Air France’s first class is the whole package. Not only does Air France offer one of the world’s best first class inflight products, but the carrier’s ground experience in Paris is equally impressive.
If you’re connecting in Paris, you’ll be picked up at your plane and driven to the first class lounge, and then later on will be driven from the first class lounge to your connecting flight.
There’s so much to love about the Air France first class lounge, though my favorite thing is probably the restaurant, which has an Alain Ducasse menu. In my experience it’s the best food offered in any airline lounge in the world. It’s not just that the food quality is excellent, but the service and presentation are equally good.
Hopefully this helps!
Answer:
Air France La Première Lounge, Paris is the first best Airline lounge in the World.
Explanation:
The Air France La Première Lounge gives its customer one of the fashionable flying experiences in the world, as it includes freshening up the cozy cocktail bar to be brighter and more inviting, adding semi-private relaxation areas and installing new pieces of art.
In addition to having one of the best first class inflight experiences available, Air France also provides an outstanding ground experience in Paris. Best food is also offered at the restaurant there.
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Which secondary effect of advertising refers to a change in the customer’s opinion of the product over a period of time?
Answers
Which of the following skills are important for job interviews?
Answers
QUESTION 8 of 10: You are counting your competitors in town. This number is a(n):
a) Irrational number
b) Integer
c)Imaginary number
d) None of the above
Answers
Answer:B; Integer
Explanation:Integer is like a whole number(1,2,3,4, etc) it cannot be decimals. Since there can’t be 2.5 people, the answer is B- Integers
While counting the competitors in town, integers will be used. This number is an integer because the counting of people can never be done in an irrational or integer form. Therefore, B is the correct option.
What is an integer?An integer is a whole number in itself. An integer can be zero, a negative digit, or a positive digit as well. The examples of integers are 1,2,3,4,5,0, -1,-2, -3, -4, -5 and so on.
The irrational numbers or integers cant be used for counting or measuring human beings whether the integers can be used to so. Integers are used in various ways in our daily life. Such as measuring temperatures and our money on debit cards and credit cards.
Integers will be utilized to count the local rivals. Since counting persons can never be done in an irrational or integer form, this quantity is an integer. B is therefore the best choice.
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Consider two neighboring island countries called Euphoria and Contente. They each have 4 million labor hours available per week that they can use to produce rye, jeans, or a combination of both. The following table shows the amount of rye or jeans that can be produced using 1 hour of labor.Country Rye Jeans(Bushels per hour of labor)(Pairs per hour of labor)Euphoria 5 20Contente 8 16 Initially, suppose Contente uses 1 million hours of labor per week to produce rye and 3 million hours per week to produce jeans, while Euphoria uses 3 million hours of labor per week to produce rye and 1 million hours per week to produce jeans. Consequently, Euphoria produces 15 million bushels of rye and 20 million pairs of jeans, and Contente produces 8 million bushels of rye and 48 million pairs of jeans. Assume there are no other countries willing to trade goods, so, in the absence of trade between these two countries, each country consumes the amount of rye and jeans it produces.Euphoria's opportunity cost of producing 1 bushel of rye is ________ of jeans, and Contente's opportunity cost of producing 1 bushel of rye is ____________ of jeans. Therefore, __________ has a comparative advantage in the production of rye, and___________ has a comparative advantage in the production of jeans.Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. In this case, the country that produces rye will produce ________million bushels per week, and the country that produces jeans will produce_________million pairs per week.
Answers
Explanation:
here is an explanation and solution to your question
For Euphoria:
The opportunity cost of producing a unit of rye in terms of jeans =20/5 = 4
for contente:
The opportunity cost of producing a unit of rye in terms of jeans = 16/8 = 2
opportunity cost of producing 1 unit of jean in terms of unit of rye:
for euphoria = 5/20 = 1/4
for contente = 8/16 = 1/2
1.
Euphoria's opportunity cost of producing a a bushel of rye is 4 pairs of jeans.
contentes opportunity cost of producing a bushel of rye is 2 pairs of jeans.
2.
contente has comparative advantage in producing rye
euphoria has comparative advantage in jeans production
3
contente produces 8 bushels of rye so with 4 million hours of labor = 8x4 = 32 million bushels in a week.
euphoria 20 pairs of jean in a week, using 4 million hours of labor. 20x4 = 80 pairs of jean a week
According to the video, what are some qualities needed by Municipal Clerks? Check all that apply. confidence college degree patience high school diploma leadership skills organizational skills multitasking skills
Answers
Answer:
C, patience
D, high school diploma
F, organizational skills
G, multitasking skills
Explanation:
ed2022
Answer:
C, D, F, G
Explanation:
FILL IN THE BLANK. ___ is a person who promises to pay a set sum to the holder of a promissory note or certificate of deposit.
Answers
A creditor is a person who promises to pay a set sum to the holder of a promissory note or certificate of deposit.
A promissory note is an unconditional promise in writing made by one party (the issuer or debtor) to pay a fixed amount of money to the other party (the creditor) at a specified future date or on demand. A certificate of deposit is a type of promissory note issued by a bank, which is a written commitment by the bank to repay the original deposit to the specified owner on a specified maturity date.
Creditors are usually banks or other financial institutions, but they can also be individuals or corporations. creditor is responsible for the repayment of the debt that they owe, and they must ensure that they adhere to the terms of the loan agreement. Creditors may also be required to provide collateral to secure the loan in case of default, such as a house or a car. In some cases, creditors may be required to provide additional documentation, such as a credit report or other financial information, to ensure that the borrower is capable of repaying the debt.
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Job, Career, Lifestyle, Economy, Global Economy, Job Market,
Team, Outsourcing, Telecommuting all use in a paragraph
Answers
Answer:
The answer to this question is given below in the explanation section.
Explanation:
Corona pandemic impacted all the businesses and the global economy negatively. As corona pandemic begin and spread all over the world, people lost their jobs and this pandemic impacted their career such as some airline business closes their offices and services. Businesses have started working remotely and outsourcing their services online. People and businesses shifted toward the online job market and hired from freelancing websites to make team to run business. People that are working online, they communicate virtually with the business owner/manager through telecommuting services and discuss business deliverables, etc. This pandemic also affected the lifestyle of people all over the world.
John and Paul are brothers and both are United States citizen. Paul works in Mexico and maintains two (2) bank accounts in Mexico. The accounts are held in Paul's name but both John and Paul are allowed to write checks from the account. The combined account balances are $50,000. The accounts generate $100 of interest income. Paul pays taxes in Mexico and claim a foreign tax credit on his US Income Tax Return. Which of the following statements are most accurate?
a. Only John has a financial interest in the Mexican bank accounts and must file a FBAR. Paul is exempt from filing the FBAR as he paid taxes to Mexico on the accounts.
b. Both Paul & John have a financial interest in the Mexican bank accounts and are required to file a FBAR.
c. Neither John or Paul have a requirement to file an FBAR as the income generated from the account does not exceed $100.
d. None of the above.
Answers
Answer:
I think B
Explanation:
Sally saves her work and is ready to print her document. She wants to add the Print Preview and Print command to the Quick Access Toolbar. Which series of steps would help her do this? Navigate to the Quick Access Toolbar, then click on the Quick Print icon. Go to the Quick Access Toolbar, then click the Print Preview and Print icon. Click on the down arrow on the Quick Access Toolbar, then click on the Print Preview and Print command. Type Print Preview and Print in Quick Access Toolbar, then click on the Print Preview and Print command.
Answers
Answer:
Adding the Print Preview and Print command to the Quick Access Toolbar
Steps:
Click on the down arrow on the Quick Access Toolbar, then click on the Print Preview and Print command.
Explanation:
The above steps yield the quickest means to add the Print Preview and Print command to the Quick Access Toolbar. This is preferred to Navigating to the Quick Access Toolbar and following some other steps. The Print Preview and Print command added to the Quick Access Toolbar helps Sally to easily preview her document before finally printing it as required.
Answer:
Click on the down arrow on the Quick Access Toolbar, then click on the Print Preview and Print command.
Explanation:
I just took It
The supply and demand curves reflect the availability and cost of a new gaming system. If the gaming system market is currently at Demand and Supply 1, which change to the graph would have to occur to increase equilibrium price while lowering equilibrium quantity? (5 points)
Group of answer choices
Add Demand 1 to left of Demand.
Add Demand 1 to right of Demand.
Add Supply 2 to left of Supply 1.
Add Supply 2 to right of Supply 1.
Answers
Answer:
Add Demand 1 to right of Demand.
Explanation:
The supply and demand curves reflect the availability and cost of a new gaming system. The change to the graph would have to occur is to Add demand 1 to the right of demand for increasing equilibrium price while lowering equilibrium quantity.
What do you mean by the demand curve?A demand curve refers to the graph showing the relationship between the price and quantity of that commodity.
The supply and demand curve reflects the availability and cost of a new gaming system. Add demand 1 to the right of demand as a change to the graph to increase equilibrium price while lowering equilibrium quantity.
Therefore, B is the correct option.
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The marks obtained by 50 of 200 level Class of ABU-DLC students in Introduction to Statistics exams are given in a frequency distribution table as below:
Class 30-34 35-39 40 -44 45-49 50-54 55-59
Frequency 12 16 10 6 4 2 Use the information in the table to compute: 1- Mean Mark
2- Median Mark
3- Standard Deviation
4- First Quartile (Q1)
5-Semi-inter-quartile range
6- 6th Decile (D6)
7- 70th percentile (P70)
Answers
Answer:
1
Explanation:
Can some one paste the lyrics for never gonna give you up here
Answers
Answer: it says the words are innapropriate
Annie would get $8 marginal benefit from buying one box of cereal and $3.50 marginal benefit from buying a second box. If the grocery store is selling boxes of cereal for $4 each, Annie will buy If the store sells boxes of cereal for $6 but with a "buy one, get one 50% off deal," Annie will buy one; one two; one two, two one; two
Answers
Answer:
12
Explanation:
Because of the fifty percent of
HELP! what is the closing balance of the accumulated depreciation account?
Answers
Answer:
Accumulated Depreciation
Explanation:
Material costs of $200,000 and conversion costs of $214,200 were charged to a processing department in the month of September. Materials are added to the beginning of the process while conversion costs are incurred uniformly throughout the process. There were no unit in the beginning working process, 100,000 units were started into production in September and there were 8,000 units in ending working process that were 40% complete at the end of September. What was the total amount of manufacturing costs assigned to the 8,000 units in the ending work in process?
Answers
Answer:
ending WIP : 320,000
transferred out : 1,500,000
Explanation:
QS 9-2 (Algo) Reporting current portion of long-term debt LO C1 The liabilities of Organic Foods are made up of $79,000 in notes payable as of its December 31 year-end. For those notes payable, $4,900 is due within the next year. Prepare the liabilities section of Organic Foods’s December 31 year-end balance sheet.
Answers
The amount of an obligation's principal that has to be paid off within a year after the balance sheet date. For instance, if a business has a $50,000 bank loan that needs monthly interest and principle payments, the following 12 months' worth of principal payments will represent the remaining balance on the loan.
What is long term portion of debt?
Debt with a maturity of more than a year is considered long-term debt. The duration of this might range from two to five to ten to even thirty years. The amount of principle and interest of the total debt that is required to be paid within one year is the current share of long-term debt.
A long-term debt has a maturity date that is more than a year out from the balance sheet date. Yet, under the current liabilities part of the balance sheet, any sum that is due within the next 12 months is categorized as the current portion of long-term debt.
Some of the most popular long-term debt instruments utilized by businesses are credit lines, bank loans, and bonds with obligations and maturities longer than one year. A corporation receives cash from all debt instruments, which is classified as a current asset.
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Answer:
Explanation:
The liabilities of Organic Foods are made up of $60,000 in notes payable as of its December 31 year-end. For those notes payable, $3,000 is due within the next yearPrepare the liabilities section of Organic Foods's December 31 year-end balance sheet .
FDI is one way of starting a business in another country. explain the ways enough which it can be done
Answers
The ways in which FDI can be done is:
Horizontal FDIVertical FDIConglomerate FDIForeign direct investment(FDI) is an interest in a foreign company or project by an investor, company or government of another country.
In horizontal FDI, the company initiates the same type of economic activity in a foreign country as it does in its own country. An example is a US-based wireless carrier that buys a network of phone shops in China.In vertical foreign direct investment, a company acquires a complementary company in another country . For example, a US manufacturer can buy shares in a foreign company that supplies it with the raw materials it needs.In an FDI conglomerate, a company invests in foreign assets unrelated to its core business. Since the investing company has no prior experience in the foreign company's specialty, this often takes the form of a joint venture.To know more about FDI:
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Insurance companies create a pool of funds to handle
Orisk
O gain
Oloss
O safety
10
Answers
Answer:
A) risk
Explanation:
An insurance company creates a pool of funds to handle risk. This helps to protect the company financially if there are more claims than expected.