Answer:
Debit Bank; Credit Accounts Payable
Debit Repair Expense; Credit Accounts Payable
Answer:
Expected payoff from insurance:
$1000*0.20 = $200
0*0.80=0
Expected payoff is $200
He pais $400 for insurance.
He gains only if there is a flood, but he has an expected loss of $200
The Answer to the question is definitely C.
The answer is<u> "C. gift tax".</u>
A gift tax is a government imposed tax to an individual giving anything of significant worth to someone else. For something to be viewed as a gift, the getting party can't pay the supplier full an incentive for the gift, however may pay a sum not as much as its full esteem. It is the provider of the blessing who is required to settle the blessing government expense. The collector of the gift may pay tax on the gift regulatory expense, or a level of it, on the supplier's benefit, if the provider has surpassed his/her yearly personal gift tax deduction limit.
Lessons for the present
- military strategy
- brutal leaders don't last long, less moral societies don't last long
- peasants, slaves need either social mobility or a say in policy to overcome the perceived social injustice.
Classical empires continue to be used as models and inspirations.
1. Mao Zedong compared himself to Shihuangdi
2. Modern Indians pride themselves on Ashoka's nonviolence and tolerance
