The coverage became effective on 3rd June on the day collection of first premium .The start of the time frame that the subject(s) of the record group, collection, or archive materials cover.
<h3>How Does Health Insurance Work?</h3>
Simply put, health insurance is a means of financing your medical care. When you are ill or wounded, your health insurance prevents you from having to pay the full cost of medical treatments. It functions similarly to how your house or auto insurance does: either you or your employer choose a plan and agrees to pay a predetermined rate, or premium, each month. Your health insurance consents to cover a portion of your covered medical expenses in exchange.
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Answer:
d. Assets, Liabilities, Stockholders's Equity [$157,700, $66,200, $91,500]
Explanation:
<u>Accounting equation</u>
<em> Assets = Liabilities + Equity
</em>
Beginning Balance $153,000 $61,500 $91,500
1. -$11,500 -$11,500
2. $10,500
-$10,500
3. -$5,300 -$5,300
4. $26,800 $21,500
<u>-$5,300 </u> <u> </u> <u> </u>
Total <u>$157,700</u> <u>$66,200</u> <u>$91,500</u>
Answer and Explanation:
The journal entry to record the given cost is shown below:
Land Dr ($357,000 + $44,900 + $66,374) $468,274
Building Dr $1,616,200
Land improvement Dr $102,019
To Cash $2,186,493
(being the cash paid is recorded)
Here land, building & land improvement is debited as it increased the assets and credited the cash as it decreased the assets
Answer:
The expected return on security with a beta of 0.8 is closest to 7.2%.
Explanation:
This can be determined as follows:
Since the return of security Z remains at 4% despite the change in the market, security Z is the risk-free asset.
Note that a risk free asset is an asset which its returns does not change with change in the market.
Using the Capital Asset Pricing Model (CAPM) formula, we have:
Er = Rf + (B * MPR) ............................................ (1)
Where;
ER = Expected return = ?
Rf = Risk-free rate = Rate of return of security z = 4%
B = Beta = 0.8
MPR = Market risk premium = Expected return on the market rate - Risk-free rate
Expected return on the market rate = (50% * 24%) + (50% *(-8%)) = 8%
Therefore, we have:
MPR = 8% - 4% = 4%
Substituting the values into equation (1), we have
Er = 4% + (0.8 * 4%)
Er = 0.072, or 7.2%
Therefore, the expected return on security with a beta of 0.8 is closest to 7.2%.
