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4 years ago

Cancelling a dance class after several students hurt themselves is an example of which risk management strategy?

1 answer:

8 0

Avoid - switch the plans to circumvent problem
Mitigate - Reduces impact or likelihood 
Accept - Take the chance of bad impact 
Transfer - Outsource Risk (Insurance etc) 

In this case, the risk was avoided since the classes were cancelled.

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The ____ is an email address used to send messages for distribution to list subscribers.

Serjik [45]

The list address is an email address used to send messages for distribution to list subscribers.

5 0

3 years ago

Seminoles Corporation’s fiscal year-end is December 31, 2021. The following is a partial adjusted trial balance as of December 3

Nana76 [90]

Answer:

Explanation:

The closing entries for the following accounts are shown below:

1. Service Revenue A/c Dr $30,00

Interest Revenue A/c Dr $4,000

To Income Summary $34,000

(Being revenue account closed)

2. Income summary A/c Dr $30,000

To Advertising Expense $1,000

To Salaries Expense $13,000

To Depreciation Expense $9,000

To Rent Expense $4,000

To Interest Expense $3,000

(Being expenses accounts are closed)

3. Retained earnings A/c Dr $1,000

To Dividend A/c $1,000

(Being dividend account is closed)

Since there is no loss or profit as both debit side and the credit side is equal so no entry is passed

5 0

3 years ago

An equation for aggregate expenditure is: ae = $3600 0.8y, in equilibrium, income 'y' = aggregate expenditure 'ae'. solve for y.

lys-0071 [83]

In equilibrium : Y = AE

Y = $3,600 - 0.8Y
Y + 0.8Y = $3600
1.8Y = $3,600
Y = $3,600/1.8
Y = $2,000

8 0

4 years ago

Read 2 more answers

Your investment has a 20% chance of earning a 30% rate of return, a 50% chance of earning a 10% rate of return, and a 30% chance

stellarik [79]

Answer:

9.2%

Explanation:

expected return of the investment = potential return x chance of each return happening

Expected return of the investment:

20% chance of occurring x 30% potential return = 0.2 x 30% = 6%
50% chance of occurring x 10% potential return = 0.5 x 10% = 5%

30% chance of occurring x -6% potential return = 0.3 x -6% = -1.8%
total expected return = 9.2%

6 0

3 years ago

A. Conchita Cosmetics acquired 10% of the 200,000 shares of common stock of Martinez Fashion at a total cost of $13 per share on

erastovalidia [21]

Answer:

A. 18-03

Dr Investment in AFS $260,000

Cr Cash $260,000

30-06

Dr Cash $7,500

Cr Dividend Revenue $7,500

31-12

Dr Securities Fair value Adjustment $40,000

Cr Unrealized Holding Gain $40,000

B. 01/01

Dr Investment in S Corp $81,000

Cr Cash $81,000

15/06

Dr Cash $10,800

Cr Investment in S Corp $10,800

31/12

Dr Investment in S Corp $25,500

Cr Revenue from Investment

Explanation:

Preparation of all necessary journal entries in 2017 for both situations.

A. Journal entries

18-03

Dr Investment in AFS $260,000

(200000*10%*13)

Cr Cash $260,000

(To Record investment made)

30-06

Dr Cash (75000*10%) $7,500

Cr Dividend Revenue $7,500

(To Record Dividend Earned)

31-12

Dr Securities Fair value Adjustment $40,000

Cr Unrealized Holding Gain $40,000

( 20000*2)

(To Record Investment at Fair Value(

B. Journal Entries

01/01

Dr Investment in S Corp $81,000

(30000*30%*9)

Cr Cash $81,000

(To Record investment made)

15/06

Dr Cash $10,800

(36000*30%)

Cr Investment in S Corp $10,800

(To Record Dividend Earned)

31/12

Dr Investment in S Corp $25,500

(85000*30%)

Cr Revenue from Investment $25,500

(To Record Income earned)

3 0

3 years ago