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3 years ago

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An insured purchased an insurance policy 5 years ago. last year, she received a dividend check from the insurance company that w

as not taxable. this year, she did not receive a check from the insurer. from what type of insurer did the insured purchase the policy?

1 answer:

grandymaker [24]3 years ago

7 0

Dang this question is pretty hard

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Prepare journal entries to record the following transactions and events, based on the assumption that the nonprofit uses a singl

stira [4]

Answer:

1. Apple Stocks Dr. $75,000

Deferred Donation Income Cr. $75,000

2. Apple Stocks Dr. $1,500

Gain on Apple Stocks Cr. $1,500

3. Cash Dr. $ 76,000

Gain/Loss on Apple stocks Dr.$1,500

Apple Stocks Cr.$76,500

Explanation:

1. when stocks are received subject to a condition that we can't recognize donation income. therefore it is recorded as liability. please note that deferred income is called as liability.

2. When value of stocks increase, asset stock of apple also increase by differential amount.

3. when asset is sold, the loss is recognized and assets are knocked off from books and cash asset is recorded.

5 0

3 years ago

Give an example of one good or service produced in the United States using the command model. Justify your example using content

Ymorist [56]

What poster are you referring to? There’s nothing there but the question

5 0

2 years ago

Lucci Inc. is a retailing firm specializing in high-end merchandise. Each of Lucci's stores uses the retail inventory method by

ludmilkaskok [199]

Answer:

1 Line item description Cost Retail

2 Beginning inventory 40000 360000

3 Purchases 1000000 10000000

4 Transportation in 50000

5 Purchase returns -20000 -196000

6 Net purchases(3+4+5) 1030000 9804000

7 Net additional markups 800000

8 Cost to retail ratio 1070000 10964000

component(2+6+7)

9 Net markdowns -500000

10 Sales -9800000

11 Ending inventory,retail(8+9+10) 664000

Setup calculation:

Cost to retail ratio = Cost to retail ratio component at cost/Cost to retail ratio component at retail

= 1070000/10964000

= 0.097592

= 9.76%

Ending inventory,cost = Ending inventory,retail*Cost to retail ratio

= 664000*9.76%

= $64806

Cost of goods sold = Sales*Cost to retail ratio

= 9800000*9.76%

= $956480

7 0

2 years ago

The four conditions (mutual exclusion, hold and wait, no preemption and circular wait) are necessary for a resource deadlock to

Evgen [1.6K]

Explanation:

The conditions sufficient for a resource deadlock to occur is when a deadlock will prevail for process A, B, and C when two resources R and S; if only one instance of each resources is allowed.

Solution

Deadlock conditions

A deadlock is a situation where two or more processes request for same critical resource at the same time.

The mutual exclusion applies a restriction to a resource when the resource is used by any process, it should become unavailable for the other resources

The hold and wait allocations explains that any process which is allocate resources must hold them; till all needed resources are nor sure.

In the meantime, if any other processes need a resource which is held by another process, then the latter will release the resource to prevent deadlock.

No pre-emption states that the operating system can grant access to resources to another process while it is in use by another process; depending on the priority , to prevent deadlock.

Circular wait should not be implemented so that resources being requested by process are allocated when they get free.

Now,

Three processes A, B, and C functions on a system, having two distinct resources R and S.

The resource R has one instant active while resource S has two instances available.

The instance of R is allocated to a process A after request. first instance of resource S is allocated to process B, and second instance of resource S is allocated to process C.

When a request is placed by process B for resource R, then the resource is not available for execution. the process A request for resource S which is used by both C and B.

All the four conditions prevail in this situation; yet deadlock does not occur.

The resource S is released by process C and is allocated to process A. when process A finishes, it releases resources and resources R is allocate d to process B.

Hence all three processes end without a deadlock.

However, the deadlock will prevail for process A, B, and C when two resources R and S; if only one instance of each resources is allowed.

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3 years ago

Northeastern cities are important trade centers. Which of the following statements does not correctly describe the economic role

Advocard [28]

Northeastern cities are important trade centers.
T<span>he following statement does not correctly describe the economic role of a northeastern city.
</span>D. Providence is a city not a county where there are farms.

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3 years ago