Answer:
The correct answer to the following question will be Option B (Moral hazard).
Explanation:
Moral hazard happens whenever one individual takes further chances as the responsibility of such consequences rests with somebody else.
- Fred suffered from some kind of blockage of the nasal tissues that could have been resolved for around 2 months either by a procedure and via medical attention. Fred's doc warned him plainly the problem wasn't serious so he doesn't need an operation.
- However, Fred concentrated on either the blockage becoming surgically removed, becoming mindful that his private policy would fund the full cost of this operation.
The other given options are not related to the given scenario. So that the condition outlined here could be related to the "Moral hazard" issue.
Answer:
The requirement of the question is below:
Post the transactions to T accounts. (Post entries in the order displayed in the problem statement.)
The postings of the transactions to t accounts are found in the attached
Explanation:
In doing the post , I have observed strictly the rule of double that the giving account be credited and the receiving account be debited.
Also,this could be done understanding that assets ,expenses and drawings should be debited when they increase and the reverse when there is reduction.
Besides, liabilities,capital and income should be credited when they increase and the reverse for the opposite.
Check the highlighted balances as well and note that the balances are named after the side with balance brought down.
Answer:
Gretchen is behaving in an unprofessional as well as in unethical manner in computing the cost of lumber by choosing the lowest purchase price of the invoice in whole last year. She should used the inventory costing method follow by the company which could be either FIFO ( First in First out ) or LIFO ( Last in First Out or Weighted average Cost.
Which ever
Explanation:
Answer:
$2,171,762
Explanation:
since there is not enough room here I used an excel spreadsheet
A testamentary trust could be established to oversee the charitable asset distribution in accordance with the decedent's desires.
A Testamentary Trust: What Is It?
A trust that is created in line with the directions in a last will and testament is known as a testamentary trust. A trust is a fiduciary arrangement that enables a trustee—a third party—to manage resources on behalf of the trust's beneficiaries.
A person's instructions for creating a testamentary trust may be included in their will, allowing the trustee to disperse their assets to the designated beneficiaries. A testamentary trust, however, is not established until the person has gone away. Additionally, a testamentary trust may appear more than once in a will.
Learn more about Testamentary Trust here:
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