Answer:
A judgement rating is an insurance rate that an underwriter assigns to a particular risk based on their subjective evaluation of that risk. Judgement ratings are frequently done on an individual basis and rely heavily on the experience, perception, and talent of the underwriter who makes the final evaluation.
Answer:1. Fixed Cost
...2. Variable cost
3. Farmland.
Explanation:
Fixed cost remains fixed no matter the change in output eg cost of building, whereas a variable cost change as the level of output increase e.g raw material cost.
The land is example of fixed cost to a famer which does not vary with the level of output.
Answer:
Cone Corporation
Partial Balance Sheet
As of December 31, 2018
Assets:
Current Assets:
Prepaid Rent $22,000
Investment in marketable securities $60,000
Long-term Assets:
Prepaid Rent (long-term) $22,000
Restricted Funds for Bonds $70,000
Investment in marketable securities $60,000
Liabilities:
Current liabilities:
Notes Payable $40,000
Accrued Interest Payable $32,000
Long-term Liabilities:
Notes Payable $200,000
Explanation:
Cone's assets and liabilities are re-classified according to whether they are short-term or long-term in order to present more accurately the elements of the financial statements.
Answer:
a.retained earnings.
Explanation:
All of the below mentioned accounts are acquired at historical cost and cash benefits do not change for them, as because they are acquired on cost, that is there carrying value is cost and related to amount for which it was acquired, further retained earnings includes the balance of current earnings added, therefore as per rules retained earnings are not converted, on historical conversion rate, and will be converted using current conversion rates of currency.
Final Answer
a.retained earnings.
Answer:
B. Intangible resources
Explanation:
A resource refers to something capable of yielding current or future benefit to an individual or an organization.
Those resources which cannot be perceived or which do not have any physical substance, are referred to as intangible resources.
Intangible resources are valued based upon the expected future economic benefits that they yield.
Examples of intangible assets would be, copyrights, patents, trademarks, brand etc.
As per the given case, culture, knowledge, brand equity, reputation and trade secrets can all be classified as tangible resources since these cannot be felt or perceived, devoid of physical existence and would yield future economic benefits to the ones who possess them.
