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3 years ago

All but one of the following features characterizes desirable aspects of insurance arrangements.

Business

1 answer:

prohojiy [21]3 years ago

5 0

Answer:

The answer is: The insurer should be guaranteed positive economic profits.

Explanation:

The insurer (or insurance company) like any other company in the world, is not 100% sure they will make a profit from a business transaction.

For example, a person that takes a life insurance policy for $1 million might die due to an accident, and the insurance company will lose money with that specific client.

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When you are considering changing careers, it is important to manage the process to achieve your desired outcome.

Svetach [21]

Im fairly certain its True

8 0

3 years ago

Read 2 more answers

If the beginning balance of the Accumulated Depreciation—Equipment account is $10,000 and an adjusting journal entry is recorded

kari74 [83]

Answer:

B. $12,500

Explanation:

Accumulated depreciation is the cumulative depreciation of an asset up to a single point or current point in its life.

Each period, the depreciation expense recorded in that period is added to the beginning accumulated depreciation balance. Therefore when there's an entry of depreciation of an equipment, the current value is added to the previous total of the old entry. Therefore the balance of the the depreciation after current entry is the beginning balance of the depreciation plus the balance entered into the record.

In this case, the beginning balance was $10,000 and the entry was $2,500

Hence, balance of accumulated depreciation account after entry is 10000 + 2500 = $12,500

6 0

3 years ago

How do objectives make it more likely that you will reach your goals?

Bad White [126]

Answer:

C seems the most reasonable

3 0

2 years ago

Read 2 more answers

At Haddon, Inc., the office workers are employed for a 40-hour workweek and are paid on either an annual, monthly, or hourly bas

levacccp [35]

Answer:

Employee Salary Hrs. Worked Cumulative Taxable

Wages as of Last Pay Period

King, M. $135,200 (year) 40 $132,600.00

Manera, E. $6,500 (month) 40 $76,500.00

Tate, S. $3,900 (month) 48 $45,900.00

Yee, L. $12.50 (hour) 44.5 $27,675.13

Diaz, R. $12.50 (hour) 48 $14,778.96

Zagst, J. $14.50 (hour) 52 $24,703.02

(a) regular earnings,

King, M. $135,200 / 52 weeks = $2,600

Manera, E. $1,500 weekly salary

Tate, S. $900

Yee, L. $12.50 x 40 = $500

Diaz, R. $12.50 x 40 = $500

Zagst, J. $14.50 x 40 = $580

(b) overtime earnings,

King, M. $0

Manera, E. $0

Tate, S. [($900 / 40) x 8 x 1.5] = $270

Yee, L. $12.50 x 4.5 x 1.5 = $84.38

Diaz, R. $12.50 x 8 x 1.5 = $150

Zagst, J. $14.50 x 12 x 1.5 = $261

King, M. $2,600

Manera, E. $1,500

Tate, S. $1,170

Yee, L. $584.38

Diaz, R. $650

Zagst, J. $841

(d) FICA taxable wages (the FICA taxes limit for 2020 is $137,700, so everyone will be taxed)

King, M. $2,600

Manera, E. $1,500

Tate, S. $1,170

Yee, L. $584.38

Diaz, R. $650

Zagst, J. $841

(e) FICA taxes to be withheld

King, M. $2,600 x 7.65% = $198.90

Manera, E. $1,500 x 7.65% = $114.75

Tate, S. $1,170 x 7.65% = $89.51

Yee, L. $584.38 x 7.65% = $44.71

Diaz, R. $650 x 7.65% = $49.73

Zagst, J. $841 x 7.65% = $64.34

(f) net pay for the week ended

King, M. $2,600 - $198.90 = $2,401.10

Manera, E. $1,500 - $114.75 = $1,385.25

Tate, S. $1,170 - $89.51 = $1,080.49

Yee, L. $584.38 - $44.71 = $539.67

Diaz, R. $650 - $49.73 = $600.27

Zagst, J. $841 - $64.34 = $776.66

3 0

3 years ago

The accountant for Mandarin Company is preparing the company's statement of cash flows for the fiscal year just ended. The follo

Inessa05 [86]

Answer:

The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500

Explanation:

The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500

<u>Dividends payable a/c</u>

<u>Particulars Amount Particulars Amount</u>

Balance b/d $ 13,000

Dividend paid (Cash) $ 54,500 Dividend declared $57,000

Balance c/d $ 15,500

$ 70,000 $ 70,000

Therfore, The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500

8 0

3 years ago