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3 years ago

What are things you can do to manage the risks in your life to reduce any financial losses?

2 answers:

6 0

at first, if you want do any get invest with anything that have risk such as stocks, you better research a lot of it before you actually invest it. so when you losses money, you won't loss a hole lot of money. if you are not sure with anything or you are afraid of losing money with the thing that you wanna do, the do hard research on it. :D

meriva3 years ago

5 0

Spend carefully use discounts monitor your spending create list on how much you spend etc.

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Anne Mullens is the bookkeeper for DWG Refrigeration Repair. One afternoon while she was preparing the bank deposit, a customer

vesna_86 [32]

Answer:

Anne Mullens committed embezzlement.

Explanation:

Embezzlement is defined as misappropriation of funds by someone with whom funds have been entrusted.

It is a theft as the money does not belong to the perpetrator. The perpetrator is only entrusted with funds.

One of the conditions for embezzlement is an existence of a fiduciary (trust) relationship between parties.

In the given case, Anne Mullens pocketed $57 cash from recorded amount instead of recording 57$ customer's payment via check. Instead she included the customer's check in the money to be taken to bank.

This is embezzlement of funds by Anne.

7 0

3 years ago

In agriculture, a "bumper crop" refers to a particularly productive harvest. if there is a bumper crop for wheat at the same tim

WINSTONCH [101]

<span>The equilibrium price will go down and equilibrium quantity will be indeterminate.
Bumper crop refers to a situation when a certain type of crop exeprience sudden bump in productivity. If at that exact time more people become allergic to this crop, the crop would be overly stocked in the warehouse and the owner would most likely sell it at lower price.</span>

7 0

3 years ago

Toys, Trinkets and More requires a minimum rate of return of 12% on its average operating assets. The toy department currently h

Serggg [28]

Answer:

Residual Income = $6,000

Explanation:

Residual income is the excess income of a firm leftover the opportunity cost of capital or over the desired income.

Given,

The minimum rate of return 12%

Average operating assets = $300,000

Net operating income = $42,000

We know,

Residual Income = Net Operating Income - (Average operating assets x the minimum rate of return)

Residual Income = $42,000 - ($300,000 x 12%)

Residual Income = $42,000 - $36,000

Residual Income = $6,000

6 0

3 years ago

Bob operates Bob's Pizza, a small pizzeria that sells about 50 pizzas a day. Bob's daily total fixed costs are $100, and his dai

Sonja [21]

Available options are:

A. All of the choices are correct.

B. Average fixed costs would increase.

C. Marginal costs would increase.

D. Average variable costs would increase

Answer:

Option B. Average fixed costs would increase.

Explanation:

As the variable cost is the same which means that the marginal cost (All variable costs) would neither increase nor the average variable cost (Average variable cost due to fluctuating variable cost) would increase. Hence both Option C and D are incorrect.

Option B is correct because:

Average Fixed cost = (Initial Value + Value Now) / 2

Average Fixed cost = ($100 + $150) / 2 = $125

This means that the average cost has been increased.

6 0

3 years ago

Equipment was acquired on January 1, 2019 at a cost of $190,000. The equipment was originally estimated to have a salvage value

Sophie [7]

Answer:

Journal:

Dec. 31, 2022:

Debit Depreciation Expense $18,600

Credit Accumulated Depreciation $18,600

To record depreciation expense for the year.

Explanation:

a) Depreciation charge for each of the 3 years, calculated as ($190,000 - $22,000)/10 = $16,800

2019: $16,800

2020: $16,800

2021: $16,800

Accumulated Depreciation to date = $50,400 ($16,800*3)

b) Book Value on January 1, 2022 = $139,600 ($190,000 - $50,400)

c) New Depreciation charge from 2022 = $18,600 ($139,600 - $28,000) /6 years, the remaining useful life based on the revised estimate.

d) There is adjusting journal entry. Depreciation is an estimate based on judgement and past events. Judgement can change to address current events. So, there is no need adjusting the entries for the previous three years.

6 0

3 years ago