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RSB [31]
3 years ago
10

One aspect of financial planning is to make sure you maintain adequate insurance coverage for your needs. Which aspect of financ

ial planning does this deal with? A. Retirement and Estate Planning
B. Spending
C. Managing Risk
D. Investing
Business
2 answers:
LekaFEV [45]3 years ago
8 0
It is <span>C. Managing Risk 
</span>
Hatshy [7]3 years ago
4 0

Answer:

C. Managing Risk

Explanation:

Insurance is a way for citizens to protect themselves from situations that put their assets at risk. There are several types of insurance, such as fire insurance, car theft, life insurance, among others. Joining insurance is a way to handle the risks your assets may incur in unexpected situations.

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Mae and Joe form a partnership. Mae contributes $3,000 in cash, and Joe contributes his services. Throughout the life of the par
Vedmedyk [2.9K]

Answer:

The partnership assets should be distributed $ 1875 for Joe and $ 625 for Mae.

Explanation:

Since Mae and Joe form a partnership, and Mae contributes $ 3,000 in cash, and Joe contributes his services, and throughout the life of the partnership, Mae also lends the partnership $ 1,000, and upon dissolution of the partnership, $ 2,500 is left in the partnership. assets after all outside creditors have been paid, absent a partnership agreement to the contrary, to determine how the partnership assets should be distributed the following calculation must be performed:

Joe = 3000

Mae = 1000

Joe 3: 1 Mae

2500/4 x 3 = Joe = 1875

2500/4 = Mae = 625

Therefore, the partnership assets should be distributed $ 1875 for Joe and $ 625 for Mae.

6 0
2 years ago
3. Which of the following is not one of the pitfalls of a low-cost provider strategy? A. Overly aggressive price-cutting that co
swat32

Answer:

<em>B. Trying to set the industry's price ceiling.</em>

Explanation:

8 0
3 years ago
The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. No. Account
vichka [17]

Answer:

Services revenue 44,000 debit

       Income Summary        44,000 credit

--to close revenues accounts--

Income Summary       33,100 debit

Depreciation expense—Equipment 3,000 credit

Salaries expense                             22,000 credit

Insurance expense                            2,500 credit

Rent expense                                     3,400 credit

Supplies expense                              2,200 credit

--to close expenses account--

Income Summary           7,000 debit

     A. Cruz, Withdrawals            7,000 credit

--to close withdrawals account--

Income summary     3,900 debit

      A. Cruz, Capital Account      3,900 credit

--to close Income Summary against Cruz, capital account--

 

Cash                     19,000

Supplies                13,000

Prepaid insurance 3,000

Equipment           24,000

Accumulated depreciation—Equipment 7,500

A. Cruz, Capital                                        51,500

Totals                   59,000                         59,000

Explanation:

To close the accounting period we will use income summary to write off expenses, revenues and withdrawals account. Then, the balance of this account will be transfer into Cruz Capital Account

income summary balance: 44,000 -33,100 - 7,000 = 44,000 - 40,100 = 3,900

Then we post the trial balance considering assets has debit balance while liabilities and equity credit.

We check if everything is okay and it does. Debit = Credit

7 0
3 years ago
Swagged out, for Milly we bringing them gats out
Karolina [17]

Answer:

ok

Explanation:

4 0
3 years ago
Nancy Lerner is trying to decide how to allocate her time in studying for her economics course. There are two examinations in th
Elenna [48]

Answer:

x=400, y=800

Explanation:

In order to maximize the minimum score of the two exams.

overall score = min [exam 1, exam 2]

score exam 1= 0.1x; where x is the number of minutes spent

studying on exam 1

score exam 2= 0.5y; where y is the number of minutes spentstudying on exam 2

We find the  first derivative shows that the marginal benefit of time spent on exam 1 is two times that of exam two, she will then  spend twice as much time studying for exam 2 as for exam 1 to  secure  same score on both.

The budget equation : 1200 = x + y

x=time spent for exam 1

y=time spent for exam 2

substitute y into the above equation

1200= x + 2x

1200= 3x

x=400

y=2x

y=400*2

y=800

So she should spend 400 minutes studying for exam one and 800minutes studying for exam 2.

which gives score 40 in both score and exam.

5 0
3 years ago
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