Answers
Near money is certain highly liquid financial assets that do not function directly or fully as a medium of exchange, but are readily convertible into currency.
What is near money?Near money is a financial industry term for highly liquid assets that can be easily converted into cash. Near money is sometimes referred to as quasi-currency or cash equivalents. Near money proximity is important in determining the level of liquidity.
Cash on hand is the most liquid asset, followed by funds that can be withdrawn from bank accounts.
What are near money assets?Examples of near-money assets include savings accounts, certificates of deposit (CDs), foreign currencies, money market accounts, marketable securities, and treasury bills (T-bills). In general, the cash assets included in a cash analysis depend on the type of analysis.
To learn more about financial assets visit:
https://brainly.com/question/28170993
#SPJ4
Related Questions
identify 5 businesses and conduct research on the CSI projects and in ways business can contribute time and effort into improving the wellbeing of employees
Answers
The five groups business that CSI tasks have to be studied on are:
education enterprise sectorhealth business zonefood safety and agriculture enterprise sectors.safety businessskill development enterpriseCommercial enterprise improves schools in my communities through the useful resource of helping them with better educational facilities. Enterprise also gives a few task opportunities for the unemployed individuals inside the groups. Agencies do contribute to the community via employee volunteering (EV).
A business is described as an employer or enterprising entity engaged in business, industrial, or expert sports. corporations may be for-earnings entities or non-earnings businesses. business kinds vary from restricted liability organizations to sole proprietorships, agencies, and partnerships.
Learn more about businesses here:- https://brainly.com/question/24553900
#SPJ9
The following transactions were completed by the company.
a. The company completed consulting work for a client and immediately collected $5,500 cash earned.
b. The company completed commission work for a client and sent a bill for $4,000 to be received within 30 days.
c. The company paid an assistant $1,400 cash as wages for the period.
d. The company collected $1,000 cash as a partial payment for the amount owed by the client in transaction b.
e. The company paid $700 cash for this period's cleaning services.
Required:
Write the impact of each transaction on individual items of the accounting equation.
Answers
Therefore we can conclude that the attachment i.e. attached represent the impact of the given transactions on the accounting equation.
Learn more about the accounting equation here: brainly.com/question/14689492
Answer:
OFOFORORIEIEJEJEJEE OFORORIEIEJEJEJEE DE CE EȘTI TU EȘTI ÎN CĂUTAREA DE FURNIZORI ȘI PARTENERI DE LA DE UN MILION BUNĂ ZIUA ÎN AMIAZA BUNĂ ZIUA ÎN AMIAZA
In text parentical citations do not direct the reader to the publication information on sources cited in a report
Answers
This is not true. In text parenetical citations do not direct the reader to the publication information on sources cited in a report
What happens In text parenetical citationsIn-text parenthetical citations do supply readers with the requisite publication data on sources used in an article, though not every bit of detail may be included.
As a rule, these kinds of citations comprise the author's name and any page numbers found in the source being referred to, thereby helping readers pinpoint precisely the full bibliographic information in the References or Works Cited section of the report. An illustration of this kind of parenthetical citation might be given as follows: (Smith 42).
Read more on citations here:https://brainly.com/question/8130130
#SPJ1
a consumer has $100 to spend on two goods X and Y with prices $3 and $5 respectively. drive the equation of the budget line
Answers
Answer:
3X + 5Y = 100
Explanation:
Given that a consumer has $ 100 to spend on two goods X and Y with prices $ 3 and $ 5 respectively, the equation that represents this distribution is the following:
3X + 5Y = 100
Thus, the consumer may consume different combinations of products, as long as the sum of both amounts is $100 as a final result. For instance:
3x20 + 5X8 = 100
60 + 40 = 100
3x5 + 5x17 = 100
15 + 85 = 100
Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of all hamburgers sold): 23 percent, 22 percent, 18 percent, 12 percent, 11 percent, 8 percent, and 6 percent. Instructions: Enter your answers as a whole number. a. What is the four-firm concentration ratio of the hamburger industry in this town? percent b. What is the Herfindahl index for the hamburger industry in this town? c. If the top three sellers combine to form a single firm, what would happen to the four-firm concentration ratio and to the Herfindahl index? Four-firm concentration ratio = percent Herfindahl index =
Answers
Answer:
a= 75%
b= 1702
c= 94% , 4334
Some people commit illegal and unethical acts when shopping, such as switching tags and shoplifting. How do these practices impact the prices that retailers must charge for clothing?
Answers
Answer:
Illegal and unethical shopping practices like switching tags and shoplifting can significantly impact the prices that retailers charge for clothing. When a retailer suffers losses due to shoplifting, they pass on those losses to honest customers by increasing prices. Additionally, switching tags with a lower-priced item can result in the customer paying less than what the product is actually worth, leading to the retailer losing money. This, in turn, may lead to higher prices for other items in the store to compensate for the lost revenue. Therefore, illegal and unethical shopping practices not only hurt the retailer but also impact the honest customers who end up paying more.
I’ll pay somebody 50$ if somebody do this now.
Instructions: Watch this 40 minute video called “Small Business Revolution - Nyce and clean auto detailing” Season 5, Episode 1 then answer the following questions in the picture I’ll need this by 6:00 or 6:30 please help
Answers
Answer:
suck 2 be u
Explanation:
i aint doin it
Middlesex manufacturing uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. Last year, the company's estimated manufacturing overhead was $1,200,000 and its estimated level of activity was 50,000 direct labor-hours. The company's direct labor wage rate is $12 per hour. Actual manufacturing overhead amounted to $1,340,000, with actual direct labor cost of $650,000. For the year, manufacturing overhead was:
Answers
Answer:
Under applied = - 40000
Explanation:
Given the estimated manufacturing overhead = $1200000
The direct labor hour = 50000
Direct labor wage rate = $12 per hour
Actual overhead value = $1340000
Now first find the pre-determined overhead rate.
Pre-determined Overhead Rate = 1200000/50000 = 24
Now find the applied overhead.
Now the Applied Overhead = 650000/12 × 24 = 1300000
Given Actual Overhead = 1340000
Under applied = 1300000 - 1340000 =- 40000
The City of Houghton enacted an ordinance that forbids religious groups from distributing religious materials within the city limits of Houghton unless the distributor is granted a permit. Other types of materials can be distributed without a permit. What concerns do you have about the constitutionality of this ordinance?
Answers
The concerns that have about the constitutionality of this ordinance are Freedom of Religion, Content-Based Restrictions, Prior Restraint, Equal Protection and Unfettered Discretion.
Here are a few major concerns:
Religious Freedom: The First Amendment to the United States Constitution provides religious freedom, which includes the right to practise and express one's religious views. Content-Based limitation: By treating religious materials differently from other types of materials, the ordinance appears to impose a content-based limitation on communication. Prior constraint: Requiring religious organisations to seek a licence before disseminating religious materials is a type of prior constraint on speech. Equal Protection: If the ordinance treats religious groups differently than other groups or items, it may raise questions regarding legal equality. Unrestricted Discretion: If local officials have unrestricted discretion in choosing who gets a permit, there is a possibility of viewpoint discrimination or bias.For such more question on Restrictions:
https://brainly.com/question/30667577
#SPJ8
Why is it important to check your credit history?
Answers
For much of the 1990s, the U.S. economy was experiencing long-run economic growth, low unemployment, and a stable inflation rate. Which of the following would give rise to these outcomes?
A. an increase in aggregate demand and short-run aggregate supply
B. a decrease in aggregate demand and short-run aggregate supply
C. a decrease in aggregate demand and an increase in short-run aggregate supply
D. an increase in aggregate demand and a decrease in short-run ag
Answers
Answer: . an increase in aggregate demand and short-run aggregate supply
Explanation:
From the question, we are informed that during the 1990s, the economy of the United States was experiencing long-run economic growth, low unemployment, and a stable inflation rate.
The reason for this is due to an increase in aggregate demand and short-run aggregate supply. This two factors will lead to the long run economic growth which the United States experienced.
On march 1 mike joined christmas Club His bank automatically deduct a $210 from his cheaser account of the end of each month, and deposit it into his christmas Club account is when will earn 0.0525 animit interst The account comes to term on December 1. Total interest earned in account
Answers
Mike will have a total of $2100 in his Christmas Club as his bank deduct $210 a month from March till December. Hence he may get $110.25 in interest if the interest rate is 5.25% on December 1.
Describe the Christmas Club.An account specifically intended for holiday spending is a Christmas club account. It typically only lasts for a year or less. A savings account of this type, often known as a Christmas club or holiday club account, is one in which regular deposits are made by customers all year long. In order to pay for holiday shopping and other expenses, such as travel, the accrued savings are then withdrawn just before the holiday season.
Regular direct transfers from your paycheck may be permitted by the account in Christmas club, and those funds would be preserved and transferred to them in time for the holiday buying season. Based on the balance in the account, the yearly percentage yield will fluctuate between 0.05% and 5.00%.
To learn more about Christmas club, visit:
https://brainly.com/question/947468
#SPJ1
The complete question is:
On March 1 Mike joined Christmas Club His bank automatically deduct a $210 from his Chaser account of the end of each month, and deposit it into his Christmas Club account. What will he earn at 5.25% APR simple interest for the year, as the account comes to term on December 1.
How are payday lenders different from a bank or credit union?
A. Payday lenders usually offer loans at a much lower rate than
banks and credit unions.
B. Payday lenders usually don't require collateral, unlike banks and
credit unions.
C. Payday lenders often offer loans to people who are unable to get a
loan from a bank or credit union.
D. Payday lenders often offer loans for a longer term than banks or
credit unions.
Answers
The difference between payday lenders and a bank or credit union is B. Payday lenders usually don't require collateral, unlike banks and credit unions.
What is payday lending?Payday lending is a type of short-term borrowing where a borrower receives a high-interest credit based on personal income.
The characteristics of payday lending include:
Small-term loansSmall amounts of money are involvedAvailable at short noticeInterest rates are high.Thus, the difference between payday lenders and a bank or credit union is B. Payday lenders usually don't require collateral, unlike banks and credit unions.
Learn more about payday lenders at https://brainly.com/question/25239160
#SPJ1
Answer: the answer is C (PAYDAY LENDERS OFTEN OFFER LOANS TO PEOPLE WHO ARE UNABLE TO GET A LOAN FROM A BANK OR CREDIT UNION!!!)
Explanation: I just took the test!
Pros and Cons of Adjustable-Rate Mortgages
An adjustable-rate mortgage (ARM) is another common type of mortgage. Determine whether each factor is a pro or
a con of an ARM, and place it in the correct category.
Pros of Adjustable-Rate Mortgages
Cons of Adjustable-Rate Mortgages
lower interest rates possible
riskier than fixed-rate mortgages
low beginning interest rate
interest rates can be raised
higher payments possible
Correct!
Answers
The pros and cons of the Adjustable-Rate Mortgages are consistent payments and lower interest rates possible.
What is Mortgage?Mortgage refers to the agreement between the lender and the buyer which involves the exchange of the money.
When person and a lender enter into a mortgage, the lender is granted the power to seize your property if person are unable to pay back the loan amount plus interest. Mortgage loans are used to either purchase a home or borrow against an existing home's worth.
Adjustable-Rate Mortgages is the loan which is granted for the homes which depends on the market as it does not has the fixed rate of interest.
The ARS mortgage type offers comfortable consistent payments, and over time, reduced interest rates may be feasible. However, there is a chance that interest will grow, which could be a drawback.
Learn more about Adjustable-Rate Mortgages here:
https://brainly.com/question/12345275
#SPJ1
If the amount of gasoline purchased per car at a large service station has a population of $15 and a population standard deviation of$4 then 99.73% of all cars will purchase between $3 and $27
Answers
The range between $3 and $27 is three standard deviations away from the mean.
Since we know that 99.73% of the data falls within three standard deviations of the mean, we can estimate that 99.73% of all cars will purchase gasoline between $3 and $27.
According to the given information, the population mean is $15, and the population standard deviation is $4.
This means that 99.73% of all cars will purchase gasoline within three standard deviations of the mean, using the empirical rule.
Therefore, we can use the empirical rule to estimate the percentage of cars that will purchase gasoline between $3 and $27.
The empirical rule is also known as the 68-95-99.7 rule, which states that:Approximately 68% of the data falls within one standard deviation of the meanApproximately 95% of the data falls within two standard deviations of the meanApproximately 99.7% of the data falls within three standard deviations of the mean.
To find the number of standard deviations that correspond to $3 and $27, we need to calculate the z-scores.
The z-score formula is given as:z = (x - μ) / σwhere z is the standard score, x is the value of the variable, μ is the population mean, and σ is the population standard deviation.
To find the z-score for $3, we plug in the values:z = (3 - 15) / 4z = -3To find the z-score for $27, we plug in the values:z = (27 - 15) / 4z = 3.
For more such questions on standard deviation
https://brainly.com/question/29435572
#SPJ8
& Co. owns vast amounts of corporate bonds. Suppose buys of bonds at face value on January 2, . The bonds pay interest at the annual rate of % on June 30 and December 31 and mature on December 31, . intends to hold the investment until maturity. Read the requirementsLOADING.... Requirement 1. How would the bond investment be classified on December 31, , balance sheet? The bond investment will be classified as a ▼ as of December 31, .
Answers
Answer:
Bonds held to maturity are recorded at the net carrying value (after any premium or discount amortization is made), but since these bonds were purchased at face value, there is no premium or discount to be amortized. The bonds should be reported at face value as non-current assets since they mature in more than 1 year.
Explanation:
all the numbers are missing, so I looked for a similar question:
Otter Creek & Co. Owns vast amount of corporate bonds. Suppose Otter Creek buys $1,200,000 of RoastCo bonds at face value on January 2, 2016. The RoastCo bond spay interest at an annual rate of 3% on June 30 and December 31, and mature on December 31, 2020. Otter Creek intends to hold the investment until maturity.
How would the bond investment be classified on December 31, 2016, balance sheet?
Jeannie plans to deposit $6,000 in a money market sinking fund at the end of each year for the next four years. What is the amount that will accumulate by the end of the fourth and final payment if the sinking fund earns 9% interest
Answers
Answer:
$27,439
Explanation:
Calculation for the amount that will accumulate by the end of the fourth and final payment
First step is to find the FV of an ordinary annuity of $1 using the table
FV=?
Number of years= 4
interest= 9%
Hence,
FV of of an ordinary annuity of $1 =4.5731
Now let calculate the that will accumulate by the end of the fourth and final payment
End of the fourth and final payment Accumulated amount = $6,000 × 4.5731
End of the fourth and final payment Accumulated amount = $27,439
Therefore the amount that will accumulate by the end of the fourth and final payment will be $27,439
Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)
Note: Round your answer to the nearest cent.
Answers
If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is : $3071.
What is monthly payment?Monthly payment can be defined as the amount a person received on a monthly basis.
First step is to convert the month to year
Month to year = 24 / 12
Month to year = 2 years
Second step is to find the interest using this formula
I = P × R×T
Where:
I = Interest
P = Principal
R = rate
T = time
Hence
I = 63,000 × 2 × 8.5%
I = 10,710
So,
P+ I = 63,000 + 10,710
P+I = 73,710
Now let find the monthly payment:
Monthly payment = 73,710 / 24 months
Monthly payment = $3,071.25.
Monthly payment = $3,071 (Approximately)
Therefore the monthly payment is the amount of $3071
Learn more about monthly payment here: https://brainly.com/question/25599836
#SPJ1
The graphs illustrate an initial equilibrium for the economy. Suppose that the stock market broadly increases.
Use the graphs to show the new positions of aggregate demand (AD), short-run aggregate supply (SRAS), and long-run
aggregate supply (LRAS) in both the short run and the long run, as well as the short-run and long-run equilibriums resulting
from this change. Then, indicate what happens to the price level and real GDP (or aggregate output) in the short run and in the
long run.
Answers
Since the stock market increases broadly, this has the effect of expanding the aggregate demand thus, shifting it rightwards. This consequently leads to an increase in price level and real GDP. See the Short Run Effect Graph.
In the Long Run, given that demand shifted to the right, this created an imbalance between demand and expected price levels.
All things being, equal the laws of demand and supply as it affects price trigger an upward adjustment in price hence creating a new equilibrium point. See the Long Run Effect Graph.
What is aggregate demand?Aggregate demand, also known as domestic final demand in macroeconomics, is the entire demand for final products and services in an economy at any particular time.
It is frequently referred to as effective demand, albeit this phrase is differentiated at times. This is a country's demand for its gross domestic output.
Aggregate demand is estimated by combining consumer expenditure, government and business investment spending, and net imports and exports. AD = C + I + G + Nx is the equation that represents it.
Learn more about Short Run and Long Run in Economics:
https://brainly.com/question/13029724
#SPJ1
Bugle's Bagel Bakery is investigating the purchase of a new bagel making machine. This machine would provide an annual operating cost savings of $3,650 for each of the next 4 years. In addition, this new machine would allow the production of one new type of bagel which would result in selling 1,500 dozen more bagels each year. The company earns a contribution margin of $0.90 on each dozen bagels sold. The purchase price of this machine is $13,450 and it will have a 4 year useful life. Bugle's discount rate is 14%. (Ignore income taxes.)
The total annual cash inflow from this machine for capital budgeting purposes is:
a. $4,750
b. $5,150
c. $5,000
d. $3,650
Answers
Answer:
Total annual cash inflow= $5,000
Explanation:
The total annual cash inflow will be the sum of the savings in operating costs and the incremental contribution from the sale of the bagels.
Annual contribution from Bagel = 1,500×$0.90=1350
Operating cost savings = 3,650
Total annual cash inflow = 1,350 + 3,650 =5,000
Total annual cash inflow= $5,000
the gap between 'where we are now' and 'where we want to be' is known as the.....
Answers
Answer:
Planning gap.
Explanation:
Planning can be defined as the process of developing organizational objectives and translating them into action plans or courses of action.
This ultimately implies that, planning is a strategic technique used by organizations to make an aggregate plan for its manufacturing (production) process typically ahead of time, in order to have an idea of the level of goods that are to be produced and what resources are required so as to reduce the total cost of production to its barest minimum.
The planning gap can be defined as the gap between "where we are now?" and "where we want to be?"
Basically, "where are we now?" describe the current situation of things or financial and non-financial activities that a business firm currently holds.
On the other hand, "where we want to be?" is a vision and mission statement that focuses on achieving the goals and objectives set for a business firm.
The CEO is interested in learning more about probability and how it works. The CEO is also asking about how probability and analytics can be integrated into the business model. In the process of looking for information on probability, you find that it is important to understand optimization and forecasting and how they can be applied to benefit the business. Do some research and present the results for the CEO. The following is the necessary information to complete this lab assignment. Deliverables Step 2: Probability Research • Considering the CEO's request, you determine that some research needs to take place. • Define the following terms for the CEO and locate some chart examples of each type of analysis. o Probability o Optimization o Forecasting Step 3: Integrating Data Research for Business • In one to two paragraphs, discuss what role probability and statistics play in business decisions. • In one to two paragraphs, discuss any ethical considerations when doing probability. • Summarize by explaining why probability is a good method for the CEO to consider.
Answers
Step 2: Probability Research Probability, Optimization, Forecasting.
Step 3: Integrating Data Research for Business.
Probability:
Probability is a branch of mathematics that deals with the likelihood of events occurring. It is a measure of uncertainty and is expressed as a number between 0 and 1, where 0 represents impossibility and 1 represents certainty.
Optimization:
Optimization involves finding the best possible solution from a set of alternatives. It aims to maximize desired outcomes or minimize undesirable ones, considering constraints and objectives.
Forecasting:
Forecasting is the process of predicting future events or outcomes based on historical data and statistical models. It helps businesses anticipate demand patterns, market trends, and other factors that can influence decision-making.
Step 3: Integrating Data Research for Business
Probability and statistics play a crucial role in business decisions. They provide a framework for analyzing and interpreting data, assessing risks, making predictions, and supporting evidence-based decision-making.
When working with probability, ethical considerations are important. It is essential to ensure that data used in probability analysis is collected ethically, respects privacy and confidentiality, and adheres to relevant legal and regulatory requirements.
Probability is a valuable method for the CEO to consider because it provides a systematic and quantitative approach to analyzing uncertainty and making informed decisions.
By integrating probability into the business model, the CEO can better understand risks, optimize resource allocation, improve forecasting accuracy, and ultimately enhance strategic decision-making and business performance.
For more such questiosn on Optimization visit:
https://brainly.com/question/28166893
#SPJ8
In Infosys BPM ltd, during the client audit,the external auditor seeks for your credentials.what would be your response
Answers
I would respond to the external auditor's request for credentials by providing my employee ID card, relevant certifications, and references to establish my qualifications and expertise.
During a client audit at Infosys BPM Ltd, if the external auditor seeks my credentials, I would respond in a professional and transparent manner. I would provide them with the necessary information to establish my credentials and assure them of my qualifications and expertise.
I would begin by presenting my identification, such as my employee ID card, which clearly displays my name and position within the company. I would also provide any relevant certifications or degrees that validate my qualifications in the specific area being audited. Additionally, I would offer references or contact information of supervisors or colleagues who can vouch for my work and knowledge.
It is crucial to maintain open communication and build trust with the external auditor. I would address any concerns they may have and be prepared to answer any questions regarding my role, responsibilities, and experience in the relevant field.
Ultimately, my aim would be to demonstrate that I possess the necessary credentials and expertise to fulfill my responsibilities effectively and contribute to a successful audit process.
To learn more about auditors
https://brainly.com/question/26048609
#SPJ8
What would you add to Maslow's pyramid.Why?
Answers
Answer:
status/esteem
affiliation
self-protection
Explanation:
NewTech purchases computer equipment for $255,000 to use in
operating activities for the next four years. It estimates the equipment's
salvage value at $20,000. What’s the year end hook value formula ?
Answers
The year-end book value formula for the computer equipment is given as
Year-End Book Value = Cost of Equipment - Accumulated Depreciation
At the end of the fourth year, the year-end book value will be 0
How to calculate Year-end book valueThe year-end book value formula for the computer equipment as
Year-End Book Value = Cost of Equipment - Accumulated Depreciation
To know the accumulated depreciation for each year, use the following formula:
Annual Depreciation = (Cost of Equipment - Salvage Value) / Useful Life
Where the useful life is the estimated number of years the equipment will be used in the business before it is sold or retired.
With 4 years of use, we can calculate the annual depreciation as follows:
Annual Depreciation = ($255,000 - $20,000) / 4
Annual Depreciation = $63,750
Therefore, the year-end book value formula for the computer equipment at the end of each year would be:
Year 1: $255,000 - $63,750 = $191,250
Year 2: $255,000 - ($63,750 x 2) = $127,500
Year 3: $255,000 - ($63,750 x 3) = $63,750
Year 4: $255,000 - ($63,750 x 4) = $0
At the end of the fourth year, the accumulated depreciation will equal the cost of the equipment minus its estimated salvage value, so the year-end book value will be zero.
Learn more on Salvage value on https://brainly.com/question/32338713
#SPJ1
Medical staff at a small local clinic are exploring key legal considerations and responsibilities related to protecting patients from the spread of viruses. Describe and explain key factors a company would need to consider in relation to business protection, employees, and insurance in the face of a global pandemic.
Answers
The key factors which a company would need to consider in relation to business protection, employees, and insurance in the face of a global pandemic is by extending social protection, and putting health and safety first.
Firstly, key factors which a company would need to conside in the face of a global pandemic is to keep their employees informed of the travel restrictions, government announcements, and offer them work from home options.
Supoose, if this is not feasible and one's business is considered essential. It is necessary for them to take steps to minimize virus transmission risk at their place of work.
Thus, this includes social distancing, frequent sanitization, and splitting shifts.
To learn more about the pandemic here:
https://brainly.com/question/20941156
#SPJ1
In cell D13, use the keyboard to enter a formula that uses the SUM function to calculate the total of the values in range D4:D11
Answers
To add in Excel we must use the following formula =SUM (cell name: cell name).
How to add in Excel?In the Microsoft Excel computer program we have the possibility to add the values of different cells using a formula. To perform a sum we can use the following formulas:
We must put the equal symbol (=), then write "SUM" and put in parentheses the names of the cells that we want to include in the sum, for example:=SUM(A2:A10), with this formula we will add the values of cells A2:10.On the other hand, we have the possibility of adding the cell values of different rows with the following formula:
=SUM(A2:A10, C2:C10) Sums the values in cells A2:10, as well as cells C2:C10.Learn more about Excel in: https://brainly.com/question/23501096
#SPJ1
The adjusted trial balance of Bramble Corp. at December 31, 2019, includes the following accounts:
Common Stock $16,700
Dividends $7,300
Service Revenue $37,900
Salaries and Wages Expense $16,000
Insurance Expense $2,900
Rent Expense $3,400
Supplies Expense $2,500
Depreciation Expense $1,700
Required:
Prepare an income statement for the year.
Answers
Answer:
$11,400
Explanation:
Income Statement
For the year ended December 31, 2019
Particulars Amount
Revenues
Service revenue $37,900
Expense
Salaries & wages expense $16,000
Insurance expense $2,900
Rent expense $3,400
Supplies expense $2,500
Depreciation expense $1,700
Total expenses $26,500
Net income (loss) $11,400
A homeowner bought a homeowner's insurance policy The homeowner pays an annual 5650 premium for property coverage with a deductible is $1,175 for each claim A windstorm causes $42.500 in damages. If a claim for the full amount
of damages is approved, how much will the homeowner's insurance company pay for the damages?
O $42,500
O$41.325
O$41,975
$40.825
Answers
The homeowner's insurance company will pay for the damages an amount of $41,325.
What is an insurance?Insurance is financial product that provides protection against the potential financial losses. It works on the principle of risk-sharing, where a large number of individuals or organizations pool their money together to create a fund that can be used to compensate for losses that might occur to any member of the group. In exchange for a premium, an insurance company promises to pay out a certain amount of money in case of a covered event such as illness, accidents, or property damage. The purpose of insurance is to provide a sense of security and financial stability to individuals and organizations, enabling them to manage risks and protect themselves against unforeseen events.
Insurance company will pay= $42,500 - $1,175 = $41,325
To learn more about insurance, visit:
https://brainly.com/question/24034584
#SPJ1
A banking institution offers different investment programs for young couples, families, and retired individuals. What type of consumer segmentation is
this?
A. psychographic segmentation
B. demographic segmentation
C. behavioral segmentation
D. geographic segmentation
Answers
Answer:
demographic!!!