Answer:
March 12 Medical waste expense 9100 Dr
Accounts Payable 9100 Cr
March 31 Accounts Payable 9100 Dr
Cash 9100 Cr
Explanation:
To record the services we received and have not paid for, we simply charge the service received as an expense and debit it and credit the Accounts Payable against it.
We use the relevant name for the service that we have created in our books. In this case, I have used the name Medical waste Expense.
The terms 2/10 n/30 means a 2% discount can be enjoyed by Grace Hospital if it pays the creditor within 10 days of receiving the service while n/30 means that the payment is to be made within the next 30 days from the day when service is received.
Grace doesn't pay for the services in the first 10 days there by missing on the discount and the whole amount is paid on 31 march. We debit the Accounts Payable as the liability has been settled and credit the cash through which payment is made.
Answer:The major advantage of avoidance technique in risk management is that it is cheaper than every other method of risk management.
It is possible to avoid all potential loss by company
Explanation:The technique of avoidance save the company deploying it in risk management the stress of paying fines ,loss of funds , reputational damages that may arise among other things should a potential risk crystallized into full blown loss.it involves setting up method or safeguard that protects the institution from a certain level of risk ,it might involves abstaining from certain trasaction as a whole or setting risk limits for certain amount of trasaction,above this limits,it's no deal.
It is possible to avoid potential loss to a barest minimum by adopting the best risk management techniques as applicable,this include hedging in case of currency exchange ,taking insurance against unforseen circumstances, adopting industry best practices,avoiding illegal or overly risky ventures,having a proper risk management team in place.etc
Answer:
Explanation:
Face Value=1000
Remaining term=15years
coupon rate=8.5% =YTM
purchased 5 years ago
Purchase price=1000
Current required rate of return=8.5%+1.5%=10%
Current price of bond = Coupon amount*PVIFA(RR,N)+Maturity value*PVIF(RR;N)=1000*8.5%*PVIFA(10%;15)+1000*PVIF(10%;15)=85*7.6061+1000*0.2394=885.9185
Decrease in the bond=1000-885.9185=114.0815
Answer:
Speed Wheels and the Insurance Company
The insurance company will pay Speed Wheels $14,200.
Explanation:
a) Data:
Insurance cover = $150,000
Insurance premium = $7,500
Insurance Claim = $14,200
b) The insurance company is expected to restore the insured, Speed Wheels, to its former position before the damage. It can do this by issuing a check to the value of the claim after some verifications. The insurance company will most likely not reject the claim as the amount of damage suffered is within the insurance coverage.
I believe it is A
a monopoly is when a company owns all the companies in that buisnesses
