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Alborosie
3 years ago
10

Other than getting laborers to work their land, how did the sharecrop system benefit landowners? a. Government subsidies provide

d them with more income. b. Profits were greater than under the slave labor system. c. It provided employment for immigrants. d. It reduced their risk when cotton prices were low.
Business
1 answer:
LekaFEV [45]3 years ago
8 0
The answer is D. It reduced their risk when cotton prices were low.
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A common tool used by events to reduce the potential for a lawsuit is A. holding parents responsible for their child's involveme
Vikki [24]

Answer:

C

Explanation:

A waiver is a documents that makes clear the related risks to an activity and protects one from liability that might occur as a result of undertaking such activities. The person undertaking the activity will need to sign a form that will release the other party from potential liability that could occur.

Similar to a waiver is the release of liability form which is a legal documents that prevents a party from suing another in the event of an accident for undergoing events that are inherently dangerous in nature.

6 0
3 years ago
Rinker Audio Products wants to adopt the total quality management (TQM) philosophy as developed by, among others, W. Edwards Dem
natta225 [31]

Answer:

Option (a) is correct

Explanation:

Total quality management is a process by which a business aims to minimize errors, with maximizing it's output, laying immense emphasis on product quality and customer satisfaction.

Such an approach was developed by Edwards Deming who emphasized upon efficient production, reduction of defects and wastage and continuous employee learning process that enhances the skills.

The focus of TQM is upon minimizing defects and errors as well as providing quality products to customers.

Such a process calls for, all those individuals who are involved in the production process to assume responsibility for product defects and errors.

TQM lays emphasis upon improving internal practices prevailing within the company which yield desired results.

Thus, one of the facets of such an approach being, improvement of supervision by allowing more time to supervisors to work and coordinate well with employees.

3 0
3 years ago
C Co. reported a retained earnings balance of $200,000 at December 31, 2020. In September 2021, C determined that insurance prem
Jet001 [13]

Answer:

C Co.

Adjusted beginning retained earnings in 2021 Statement of Retained Earnings:

$215,000

Explanation:

Reported Retained Earnings balance at December 31, 2020 = $200,000

Prepaid insurance = $30,000 for three years

Insurance Expense for 2020 = $30,000

Insurance Expense for each of the three years = $10,000 ($30,000/3)

Insurance Expense over-expensed by $20,000 ($30,000 - $10,000)

Deferred Tax Liability = $5,000 ($20,000 * 25%)

Therefore, adjusted Retained Earnings = $215,000 ($200,000 + 20,000 - 5,000)

b) The Retained Earnings should have been $220,000 instead of $200,000 and there must be accounted for the deferred tax liability arising from the deduction of the Insurance expense that should have been accounted for in subsequent years.

3 0
3 years ago
JKL Insurance Company reported the following information on its accounting statements last year:
sdas [7]

Answer:

1. $90, 000, 000/ $100, 000, 000

= 0.9  

2. $5, 000, 000 + $30, 000, 000 / $10, 000, 000

= 3.5

3. = ($90, 000, 000 + $5, 000, 000 + $30, 000, 000) / $100, 000, 000

= 1.25

= $10, 000, 000 / $90, 000, 000

= 0.1111

5.. = ($5, 000, 000 + $30, 000, 000 + $90, 000, 000) / $100, 000, 000 + $10, 000, 000

= 1.136

Explanation:

1. Loss ratio is the losses an insurer incurs due to paid claims as a percentage of premiums earned. A loss ratio is the difference between an insurance company's premiums compared to how much it pays out in claims

This is the formula to calculate the loss ratio:

The ratio is calculated by dividing the amount of premiums by the amount of premiums collected.

A low ratio means the insurance company is profitable. A high ratio means the company is less profitable. If the ratio is 1 or 100%, that means that the company is unprofitable.

JKL’s loss ratio:

Premiums written: $90, 000, 000

Premiums earned: $100, 000, 000

$90, 000, 000/ $100, 000, 000 = 0.9  : 1

2. Expense ratio measures how much of a fund's assets are used for administrative and other operating expenses. An expense ratio is determined by dividing a fund's operating expenses by the average dollar value of it assets (the total market value of the investments that a person or entity manages on behalf of clients.

JKL’s Expenses Ratio:  

            =    Total Fund Expenses / Total Fund Assets

            =     $5, 000, 000 + $30, 000, 000 / $10, 000, 000

            =      3.5  : 1

3. Combined Ratio:  measures an insurer’s profitability. it is merely a combination of the loss ratio and expense ratio. It measures the losses and expenses incurred in relation to the premiums earned.

JKL’s Combined Ratio:  

= ($90, 000, 000 + $5, 000, 000 + $30, 000, 000) / $100, 000, 000

= 1.25  : 1

4. Investment Ratio: is the ratio that an insurer uses in order to measure the company’s net investments to its premiums earned. The ratio compares the income from investments to income from its other activities. This ratio is also a measure of profitability.

= $10, 000, 000 / $90, 000, 000

= 0.1111  : 1

5. Overall Operating Ratio: this is the ratio that a insurer to show his profitability realized before taxation, taking into account investment income.

= ($5, 000, 000 + $30, 000, 000 + $90, 000, 000) / $100, 000, 000 + $10, 000, 000

= 1.136  : 1

7 0
3 years ago
What is allowable self-employment plan contributions.
matrenka [14]
<h3><em>Answer:</em></h3><h3><em>Answer:For a self-employed individual, contributions are limited to 25% of your net earnings from self-employment (not including contributions for yourself), up to $61,000 for 2022 ($58,000 for 2021; $57,000 for 2020). You can calculate your plan contributions using the tables and worksheets in Publication 560</em></h3>
4 0
2 years ago
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