If we can determine using statistical analysis that two different sets of events are aligned, we can call those events as correlated. The event correlation is a method for creation of sense of a large number of events and identifying the few events that are certainly significant in that mass of data. This is able by observing for and evaluating relations among events.
Answer:
Moral hazard is type of situation in where on person or party gets involved in a very risky event when knowing that it is protected against and the person or party, which will incur the cost. This can arise when both people or parties have a incomplete information about on another or each other.
Answer:
a.less than $500,000
Explanation:
For computing the amount we need to applied the present value which is to be shown in the attachment below:
Data provided in the question
Future value = $500,000
Rate of interest = 7% ÷ 2 = 3.5%
NPER = 2
PMT = $500,000 × 6% ÷ 2 = $15,000
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
After applying the formula, the present value amount is $495,250.76
Answer:
November 1
Explanation:
As per generally accepted accounting principles (GAAP), when the goods or services are delivered the revenue should be recorded and the transaction done in all respects.
The principle of revenue recognition occurs when the revenue is realized or earned, whether cash is obtained or not and it also meets the accounting accrual basis. Realizable here means that the consumer receives the product but the payment is made later.
Therefore, the revenue should be recorded on November 1
Answer: Deciding
Explanation:
The normative decision model is one of the type of theory that helps in explain the various types of optimal decisions that specifically helps calculating the accuracy of the given decision outcome.
It basically provide the various types of prescriptive function and also the various types of rules that helps in maximizing the total outcome of the decision making concept.
According to the given question, the Kevin is basically demonstrating the deciding process based on the normative decision model as he announces that the 25% of the employees salaries is basically depending upon their specific performance in an organization.
Therefore, Deciding is the correct answer.
