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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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At December 31, 2013, before any year-end adjustments, Macarty Company's Prepaid Insurance account had a balance of $2,700. It w

gtnhenbr [62]

The adjusting entry would recognise insurance expense of $1,500.

Explanation:

The policy of an insurance company, tax insurance, insurance for business failure, etc. typically lasts a year, with payments charged in full (insurance premiums). Insurance policy is never the same as the financial year of the product. There are also expected to be several consolidated financial statements and some partial financial statements for compensation premiums.

Example of insurance premium payment:

On 31 December, the insurer files an correction report in order to document the expired (extended) cost of insurance and to the the pre-paid number. This is done with an premium fee of $1,000 and a prepayment policy bonus of $1,000.

4 0

3 years ago

The transactions of Spade Company appear below.

s2008m [1.1K]

Answer:

Entries are given

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

DEBIT CREDIT

A. Kacy Spade, owner, invested cash in the company

Common stock 14250

Cash 14250

B. The company purchased office supplies

Office supplies 413

Cash 413

C.The company purchased office equipment on credit

Office equipment 7880

Payables 7880

D.The company received $1,681 in cash

Cash 1681

Fees earned 1681

E. The company paid $7,880 cash to settle the payable

Payables 7880

Cash 7880

F. The company billed a customer $3,021 as fees

Receivable 3021

fees earned 3021

G. The company paid $520 cash for the monthly rent.

Rental expense 520

Cash 520

H. The company collected $1,269 cash as partial payment

Cash 1269

Receivables 1269

I. The company paid a $1,000 cash dividend to the owner

Retained earnings 1000

Cash 1000

5 0

2 years ago

an offer that can only be accepted by an offere's performance creates a(n) __________________________ contract

goldenfox [79]

Answer: unilateral contract

Explanation:

An unilateral contract is a contact that is formed when an individual offers to do a particular thing in return for either money or something else that was agreed on.

Once such individual does that thing, he or she has to be given what was agreed on in the contract. A typical example is the contact regarding an insurance policy.

Therefore, an offer that can only be accepted by an offere's performance will create a unilateral contact.

4 0

3 years ago

Pierre is a foreman in a plant. he has 25 line workers who report to him on the night shift. from what you have read about organ

Airida [17]

Given that <span>Pierre is a foreman in a plant. he has 25 line workers who report to him on the night shift.

From what you have read about organization charts, what you know for sure is that Pierre has a wide span of control.

Span of control refers to the </span><span>number of subordinates that a manager or supervisor can directly control.
</span>

8 0

3 years ago

Mills Corporation acquired as an investment $225 million of 8% bonds, dated July 1, on July 1, 2021. Company management is holdi

Sholpan [36]

Answer:

Please see solution below.

Explanation:

July 1, 2021

Dr Investment in bonds $225,000,000

Dr Premium on investment in bonds $25,000,000

Cr Cash $250,000,000

December 31, 2021

Dr Cash $18,000,000

Cr Interest revenue $15,000,000

Cr Premium on investments in bonds

$3,000,000

Investment in bonds. $225,000,000

Premium on investment in bonds $22,000,000

January 2, 2022

Dr. Cash $266,000,000

Cr Investment in bonds $225,000,000

Cr Premium on investment in bonds $22,000,000

Cr Gain on sale of investments $19,000,000

Workings:

Effective interest rate on first coupon received = [ $225,000,000 × 8%] - [ $250,000,000 × 6%]

= $18,000,000 - $15,000,000

= $3,000,000

Premium on investment in bonds = $25,000,000 - $3,000,000

= $22,000,000

8 0

3 years ago