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2 years ago

You purchase fire insurance a. Reduction b. Transfer

Business

1 answer:

34kurt2 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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Several years ago a city established a sinking fund to retire an issue of general obligation bonds. This year the city made a 55

Amanda [17]

Answer: c. Debt Service Fund and General Fund

Explanation:

The Sinking fund is a Debt Service Fund as it was created to retire some general obligation bonds. Every transaction that had to do with the retirement of debt as well as contribution to the retirement of debt would go in this account.

The General fund is also needed because this is the main fund of a Government entity. Everything that does not go through special funds is recorded here. This Fund therefore would show that the city made a $550,000 contribution to the sinking fund.

4 0

3 years ago

Mellon Corporation The data presented below is Mellon Corporation for the year ended December 31, 2015: Sales (100% on credit) $

kaheart [24]

Answer:

The bad debts expense for 2015 would be $ 28,000

Explanation:

The balance of the allowance for doubtful account should be equal to the amount estimated to be uncollectible based on the ageing analysis

Estimated uncollectible account $ 31,000

Allowance for doubtful accounts prior to adjustment $ 3,000

Bad debts expense for the year to be recorded $ 28,000

The accounting entry to record this is as follows:

Bad debts expense Debit $ 28,000

Allowance for uncollectible accounts Credit $ 28,000

4 0

3 years ago

The way the bank determines the balance on which to calculate your interest is known as _____.

neonofarm [45]

The way a bank determines the balance on which you calculate your interest is known as an annual percentage rate. In reality, the banks take the annual percentage rate and charge a person on their daily interest rate. You can find out the daily rate by taking the APR, annual percentage rate, and divide it by the number of days in a year. The correct answer is D.

4 0

3 years ago

Read 2 more answers

Malaya Ramirez is organizing marketing research in Central American countries for a large American corporation that is intereste

nydimaria [60]

Answer:

The correct answer is letter "D": have the questionnaire translated back into English to check for accuracy.

Explanation:

Translating is the activity by which the message given in a language is provided written in a different language. However, all languages are not the same and during the translation, meaning can be lost. Besides, specific terminology could make the translation difficult for the translator.

Thus, for accuracy purposes Malaya Ramirez should have the English-Spanish translation checked, making it be translated back into English.

6 0

3 years ago

g Marlboro Construction enters into a contract with a customer to build a warehouse for $725,000 on April 15, 2021 with a comple

Nookie1986 [14]

Answer:

B. $725,000

Explanation:

The expected value for the contract will be :

10% ($725,000 + 12,000 + 12,000 ) + 30% ($725,000 + 12,000 ) + 25% ($725,000 ) + 20% ($725,000 - 12,000 ) + 15% ($725,000 - 12,000 - 12,000 )

= $ 74,900 + $221,100 +$181,250 + $142,600 + $105,150 = $725,000

Marlboro constructions expected value of the contract is 725,000 based on the given probability estimates of contract completion.

8 0

2 years ago