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Tom [10]
1 year ago
9

Funds that are identified for specific work packages and cover risks that have a low probability of occurring are called _______

__ reserves.
Business
1 answer:
Lostsunrise [7]1 year ago
6 0

Funds that are identified for specific work packages and cover risks that have a low probability of occurring are called Contingency reserves.

<h3>What is Contingency Reserve?</h3>

A contingency reserve is retained earnings that have been set aside to guard against possible future losses. A contingency reserve is needed in situations where a business occasionally suffers significant losses, and needs reserves to offset those losses.

In other word, Contingency reserve is defined as an amount set aside to cater for unforeseen circumstances by a firm. It is a surplus amount taken from profit of an organization. Here, certain funds are earmarked out of the profit made by a firm, indicating a reservation against a specific or general contingency.

Hence, funds that are for identified risks that have a low probability of occurring and that decrease as the project progresses are called contingency reserves.

Therefore, we can conclude that the correct option is A.

Your question is incomplete, but most probably your full question was:

Funds that are for identified for specific work packages and cover risks that have a low probability of occurring and that decrease as the project progresses are called ______ reserves.

A. Contingency

B. Management

C. Unidentified Risk

D. Just in Case

E. Padded

Learn more about Contingency Reserves on:

brainly.com/question/14531831

#SPJ4

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3 0
3 years ago
Larkspur University sells 4,800 season basketball tickets at $60 each for the entire 15-game home schedule. (a) Give the entry t
snow_tiger [21]

Answer:

The Journal entry is as follows:

Cash A/c                    Dr. $288,000

To Unearned basketball ticket revenue A/c     $288,000

(To record the sale of the season tickets)

Workings:

Given that,

Total number of tickets sold = 4,800

Selling price of ticket = $60 each

Cash = season basketball tickets sold × Selling price of each ticket

        =  4,800 tickets × $60 per ticket

        = $288,000

5 0
3 years ago
Why does my dad stick his weener up my dog
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What the heck uhmmmm
6 0
2 years ago
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The manager of a computer software company wishes to study the number of hours senior executives by type of industry spend at th
miskamm [114]

Answer:

Since the calculated value of F= 5.733 falls in the critical region we reject the null hypothesis  and conclude all three means are not equal.

Explanation:

The given data is

Banking          Retail            Insurance

12                      8                        10

10                     8                          8

10                     6                          6

12                     8                           8

<u>10                    10                          10</u>

The results of excel are:            

<u><em>Anova: Single Factor  </em></u>    

     

SUMMARY      

Groups    Count Sum Average         Variance  

Column 1 5 54            10.8              1.2  

Column 2 5 40               8               2  

Column 3 5 42              8.4                 2.8  

         

1) Let the null and alternate hypotheses be

H0: u1=u2=u3  i.e all the three means are equal and

Ha: Not all three means are equal

2) The significance level is set at ∝ =0.05

3)The test statistic to use is

F= sb²/ sw²

which has F distribution with v1= k-1 →3-1=2 and v2= n-k →15-3=12 degrees of freedom

After calculations the following table is obtained.

<u><em>ANOVA  </em></u>    

Source              SS            df         MS            F        P-value        F crit

of Variation

B/w Groups        22.93         2     11.467      5.733    0.01788        3.885

<u>Within Groups       24           12           2                                                       </u>      

<u>Total                     46.93      14                                                                </u>

4) The critical region is F ≥ F(0.05, 2,12) = 3.885

5) Since the calculated value of F= 5.733 falls in the critical region we reject the null hypothesis  and conclude all three means are not equal.

4 0
3 years ago
​Morgan, a​ widow, recently passed away. The value of her assets at the time of death was ​$9 comma 647 comma 000. The cost of h
Bezzdna [24]

Answer:

Check the explanation

Explanation:

          Particulars                                                  Amount in $

A.  Gross Estate                                                      8600000

Less: deductions (funeral & administrative tax)    70000

B.  Taxable estate                                                   8530000

 

c.  Gift-Adjustable Taxable estate value:  

       Taxable estate                                                 8530000

Charities will be deucted from tax calculation      1000000

         gift-adjusted taxable estate value                  7530000

D.  estate would be subject to tax                         7530000

E.  estate tax liability Calculated below                 876000

 

For estate more than 53400000 tax will be charged at 40%  

So, same is 40% of excess on                       53400000  

Taxable estate before threshold after deducting 53400000 from estate that would be subject to Tax  2190000

Tax at 40% of excess value                           876000

 

8 0
3 years ago
Read 2 more answers
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