Answer:
Option D
Explanation:
In simple words, moral hazard refers to the situation when an individual do not act with full responsibility due to the fact that any loss from their behavior will be borne by some third party.
Thus, by assessing the employees before employment by a test will help to decide the employer if the individual is worthy of the job or not. Thus, efficient employees will be selected and less mistakes will occur.
Answer:
True
Explanation:
A person has comparative advantage in production if he produces at a lower opportunity cost when compared with other people.
A person has absolute advantage in the production of a good or service If he produces more quantity of the good when compared with other people
To calculate comparative advantage, first find the opportunity cost:
Opportunity cost of timmy editing = 80/2=40 words
Opportunity cost of timmy typing = 2 / 80 = 0.025
Opportunity cost of oliva editing = 100/1= 100
Opportunity cost of oliva typing = 1/100=0.01
Olivia has a comparative advantage in typing while timmy has a comparative advantage in editing.
Olivia types more words than timmy, therefore she has an absolute advantage in typing.
Timmy edits more pages than oliva, Therefore, he has am absolute advantage in editing.
I hope my answer helps you
Answer:
Future value is $14,944.22
Interest earned is $7444.22
Explanation:
The amount to earn from Second City Bank is the interest that would have been received at the end of the eight years,
In order to determine the amount of interest,it would be nice to first of all compute the future value-the worth of the savings at the end of eight year using the below formula:
FV=PV*(1+r)^N
PV is the $7,500 invested
r is the compound rate of return is 9%
N is the number of years the amount was invested which is eight years
FV=$7,500*(1+9%)^8
FV=$ 14,944.22
Hence Interest =FV-PV
=$ 14,944.22 -$7,500
=$7444.22
Answer:
B) DR Cash 128,000 CR Treasury stock 96,000 CR Paid-in capital from treasury stock 32,000
Explanation:
Based on the information given the correct journal entry to record the resale of treasury stock is to Debit Cash $128,000 Credit Treasury stock $96,000 and Credit Paid-in capital from treasury stock $32,000
DR Cash $128,000
(4000*$32)
CR Treasury stock $96,000
(4000*$24)
CR Paid in capital in excess of par $32,000
(4000*$8)
Offering temporary coverage to an insured through oral or written contracts is known as A cover note.
<h3>What is a temporary insurance contract?</h3>
A life insurance term is used to represent the amount of insurance supplied by the insurer between the period when the application is taken and the first mode of compensation.
If an insurance contract delivers coverage against the insured's loss of life, it is called a life insurance contract. All additional insurance contracts that deliver coverage for objects other than life are called non-life or general insurance arrangements.
A cover note is a temporary paper issued by an insurance company that delivers proof of insurance coverage until a final insurance policy can be given.
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