1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Evgen [1.6K]
4 years ago
15

Select the four statements that are true about insurance.

Business
1 answer:
Sveta_85 [38]4 years ago
8 0

Answer:

true

Explanation:

You might be interested in
g Skysong, Inc. lends Concord industries $40800 on August 1, 2022, accepting a 9-month, 9% interest note. If Skysong, Inc. accru
nirvana33 [79]

Answer:

May 1 2022  Cash                         435540 Dr    

                         Notes Receivable       408000 Cr

                         Interest Revenue          12240 Cr

                        Interest Receivable        15300 Cr

Explanation:

The interest revenue for 5 months was already recorded on 31 december against an interest receivable account that has a balance of 5 months of interest due.

The interest on note for 9 month period is = 408000 * 0.09 * 9/12 = $27540

The 5 month interest recorded on 31 december is 408000 * 0.09 * 5/12 = 15300

Thus, the interest revenue to be recorded on May 1 will be 4 months interest that is 27540 - 15300 = 12240

4 0
3 years ago
Which of the following statements reflect negative outcomes known to result from work teams? Check all that apply.
diamong [38]
Answer: - if our team makes a bad decision, we’d all feel individually accountable for the decision.
I know this because I’m smart like that.
8 0
4 years ago
According to this excerpt, what is one major way in which the world bank differs from a regular bank?
GenaCL600 [577]
The world bank is not a real bank that gives people loans or where you can have a savings account. It is a body or an organization that monitors the work of all banks in the world that agree to join the system. It creates rules and regulations regarding money and fights things like money laundering and similar.
6 0
4 years ago
Read 2 more answers
Carnes Electronics sells consumer electronics that carry a 90-day manufacturer’s warranty. At the time of purchase, customers ar
saw5 [17]

Answer: See explanation

Explanation:

a. This is not a loss contingency. A loss contingency occurs when the value of an asset is reduced because of an occurence on the future. This isn't the case here as a separate sales transaction occured.

b. To account for it, we have to defer the revenue as a liability and then we will use the straight line basis to calculate the warranty expense.

2. Dr Cash $412,000

Cr Unearned revenue - extended warranties $ 412,000

(To record the sale of extended warranty)

Dr Unearned revenue - extended warranties. $57937.50

Cr. Revenue - Extended Warranties $57937.50

(To record revenue earned on extended warranty)

3 0
3 years ago
Suppose your teacher announces that only 1 student in the class will get a good grade. How will your efforts to produce good gra
Kobotan [32]

<u>Explanation</u>:

In the first scenario, because of being the only student in the class my efforts to produce good grades will be low and inefficient since I believe there is no one competing with me for good grades.

However, in the second scenario of a class of 40 students, there  will be great competition to be that 1 student to get a good grade as mentioned by the teacher. Changes will be seen in my efforts at study and paying attention in class, as well as asking questions about the subject in order to get a good grade.

5 0
3 years ago
Other questions:
  • Once the production is in performance mode, who is the most important person in the show? the protagonist the director the stage
    6·1 answer
  • ABC company uses the allowance method to account for uncollectible accounts receivable. At the beginning of the year, the allowa
    5·1 answer
  • A company currently makes a component used in production. The per unit costs incurred to make the component include: Direct mate
    6·1 answer
  • If property is inherited by a taxpayer,
    14·1 answer
  • A​ company's value chain is only as strong as its weakest link. What should a company do to properly gauge the strength of its l
    14·1 answer
  • Whatever, Inc., has a bond outstanding with a coupon rate of 5.76 percent and semiannual payments. The yield to maturity is 6.3
    8·1 answer
  • Margin of Safety Head-First Company plans to sell 5,000 bicycle helmets at $75 each in the coming year. Unit variable cost is $4
    12·1 answer
  • Mandy’s Packaging Inc. is a multibillion-dollar supplier of packaging materials. One of its salespeople rearranged production sc
    9·1 answer
  • On January 1, 2021, Nana Company paid $100,000 for 8,000 shares of Papa Company common stock, which represents 10% ownership. Pa
    11·1 answer
  • Robertson Construction entered into a contract to construct a tunnel for a fixed price of $12,000,000. Robertson recognizes reve
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!