I am pretty sure that it’s increased prices on goods
Answer:
B. Personal credit if it is a personal loan
D. If the individual applies to start a business
Explanation:
Typically Financial institutions extend loans based on "credit worthiness" (or credit score) of the individual and can be extended based on whether the individual has an asset to secure the loan. Lack of an asset can have a negative result (dependent upon the amount requested) if the loan request is for a large amount of money.
Answer:
B. Debit Loss $5,000
Explanation:
The following should take place on the Sale of Truck or any PPE item :
- De-recognise the Asset Cost
- De-recognisde the Accumulated Depreciation
- Recognise the Proceeds arising from disposal (if any)
- Recognise the profit or loss arising from such a disposal (if any)
<u>Journal to record the disposal of the truck ;</u>
Cash $95,000 (debit)
Accumulated Depreciation $ 40,000 (debit)
Loss on Sale of Truck $ 5,000 (debit)
Truck $ $140,000 (credit)
<u>Accumulated Depreciation Calculation :</u>
Depreciation = (Cost - Residual Value) / Useful Life
= ( $140,000 - $20,000) / 6 years
= $ 20,000
<em>Accumulated Depreciation</em>
2018 = $ 20,000
2019 = $ 20,000
Total = $ 40,000
Answer:risk control
Explanation:Risk control is a step in the hazard management process. It involves finding a way to neutralize or reduce an identified risk.
Risk control begins with a risk assessment to identify the presence and severity of workplace hazards. Employers must then implement the most effective controls available.
In order of effectiveness (from most effective to least), risk control methods include:
Elimination: removing the risk entirely
Substitution: swapping an item or work process for a safer one (for instance, switching to an industrial cleaner that poses fewer respiratory risks)
Engineering controls: modifications to the environment or equipment that poses the risk (such as installing mirrors in warehouses or machine guards on circular saws)
Administrative controls: modifications to the workflow or work process (for example, rotating employees through several different work tasks to prevent repetitive stress injuries)
Personal protective equipment: safety gear worn by the workers, such as hard hats, safety glasses, and chemical-resistant gloves
Answer: Under economic growth conditions, firms with relatively more financial leverage will have higher expected returns.
Explanation:
Under economic growth conditions, firms and organizations with more financial muscle usually have higher expected returns.
This Growth, is as a result of the change in the company's earnings, revenue, GDP or some other sources over a period of time (usually a year) to the next. This growth are usually not affected by inflation.