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OleMash [197]
3 years ago
13

You purchase fire insurance a. Reduction b. Transfer

Business
1 answer:
34kurt3 years ago
5 0

Answer:

Transfer

Explanation:

Risk transfer is a risk management and control strategy that involves the contractual shifting of a pure risk from one party to another. One example is the purchase of an insurance policy, by which a specified risk of loss is passed from the policyholder to the insurer

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Bufford Corporation had reported the following amounts at December 31, 2022: sales revenue $184,000, ending inventory $11,600, b
Ronch [10]

Answer:

Option (b) $74,100

Explanation:

Data provided in the question:

Sales revenue = $184,000

Ending inventory = $11,600

Beginning inventory = $17,200

Purchases = $60,400

Purchase discounts = $3,000

Purchase returns and allowances = $1,100

Freight-in = $600

Freight-out = $900

Now,

Cost of goods available for sale

= Beginning inventory + Purchases + Freight-in - Purchases discounts - Purchase returns and allowances

= $17,200  + $60,400 + $600 - $3,000 - $1,100

= $74,100

Hence,

Option (b) $74,100

5 0
3 years ago
Stephen plans to purchase a car 5 years from now. The car will cost $43,011 at that time. Assume that Stephen can earn 7.11 perc
olga nikolaevna [1]

Answer:

$30,174.74

Explanation:

The computation of present value is shown below:-

Future value = Present value × (1 + Rate of interest ÷ 1200)^12 × time period

$43,011 = Present value × (1 + 7.11 ÷ (12 × 100)^(12 × 5)

$43,011 = Present value × (1 + 7.11 ÷ 1,200)^60

$43,011 = Present value × (1 + 0.005925 )^60

Present value = $43,011 ÷ (1 + 0.005925 )^60

= $43,011 ÷ (1.005925 )^60

= $43,011 ÷ 1.425397857

= $30,174.73317

or

= $30,174.74

Therefore for computing the present value we simply applied the above formula.

We also attached the spreadsheet for better understanding

In compounded monthly, the interest rate is divided by 12 months and the time period is multiplied by 12 months and the same is to be considered

8 0
3 years ago
Which of the following statements about credit scores is TRUE?
Bad White [126]
I believe the answer is: All of the above

<span>- Credit scores reflect how likely individuals are to repay their debts.
(for example, your credit scores would get lower if you miss your credit card payments or always maxing your credit card limit)

- Credit scores range from the low 300’s to the mid 800’s.
( this standard is used by all credit companies across united states, as the scores got higher, The more likely the credit card holder will pay their due)

- Each person has three credit scores.
(one from equifax, one from transunion, one from Experian)</span>
5 0
3 years ago
Read 2 more answers
During the year, Kiner Company made an entry to write off a $16,000 uncollectible account. Before this entry was made, the balan
Eduardwww [97]

Answer:

The correct option is B,$198,000

Explanation:

The balance in allowance for uncollectible accounts was standing at $18,000 and it was decided to write-off $16,000 off  the this existing balance,which implies that the balance left in the allowance for uncollectible  account to set off against accounts receivable is $2,000($18,000-$16,000).

Invariably,the net realizable value of accounts receivable is $198,000($200,000- $2,000).

The correct option hence is B, $198,000

7 0
4 years ago
Jeff, the owner of the toy box (a toy store), has chosen his products carefully. they are all handmade of wood; none are cheap g
AlladinOne [14]
All of Jeff's activities are aimed at giving Jeff a sustainable competitive advantage through Strategic Positioning. Strategic positioning attempts to achieve a sustainable competitive advantage by preserving what is distinctive about a company.  A company has a sustainable competitive advantage when it acquires some qualities or attributes which are different from other competitors in the market and which makes it outstanding in the market, and when these advantages last for many years, then they are known as sustainable competitive advantages.
6 0
4 years ago
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