A person who doesn't lock doors or fix leaks presents morale hazard.
<h3>What is morale hazard?</h3>
It refers to an unconscious attitude of an individual who is indifferent to the loss of their personal property that is covered by insurance, since the insurance could cover the damages that have occurred.
Therefore, morale hazard is the change in behavior that comes from the subconscious, generating indifference about the loss of goods because they are covered by insurance.
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Answer:
$0.5 Million
Explanation:
The computation of change in profits is shown below:-
Rate-sensitive assets $30 million
Rate-sensitive liabilities $20 million
Gap = $30 million - $20 million
= $30 million - $20 million
= $10 million
x rise in percentage points = 5%
Change in profit = Gap × x rise in percentage points
= $10 × 5%
= $0.5 Million
Answer and Explanation:
The journal entries are shown below:
(i) On August 1,
Cash A/c Dr. $12,000
photography equipment A/c Dr. $51,600
To common stock $63,600
(Being the issuance of common stock for cash and photography equipment is recorded)
(ii) On August 2,
Prepaid insurance A/c Dr. $3,900
To cash $3,900
(Being the cash paid in advance for insurance is recorded)
(iii) On August 5,
Office supplies A/c Dr. $2,280
To cash $2,280
(Being the cash paid for office supplies is recorded)
(iv) On August 20,
Cash A/c Dr. $3,700
To photography fees earned $3,700
(Being the photography fees earned is recorded)
(v) On August 31,
Utilities A/c Dr. $878
To cash A/c $878
(Being the cash paid for utilities)
Answer:
<u> c. implies that the national government exerts minimal influence on the exporting and importing decisions of private firms</u>
Explanation:
- Free Trade is a trade policy by the govt of various countries to remove the restriction from the imports and exports of goods and services which is ideal for the international trade.
- Trade-in services without taxes or other trade barriers, Unregulated access to market information, increase economic growth and lower the government spendings and also allows for the technology transfer. It also leads to jobs outsourcing.