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4 years ago

8

LeVon Fashions specializes in imported clothing. During March, LeVon completed a series of transactions. For each of the followi

ng items, give an example of a transaction that has the described effect on the accounting equation of LeVon Fashions.

1 answer:

nadezda [96]4 years ago

8 0

Answer: Increase an asset , increase a liability.

Purchasing asset on account and getting long term Loan

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seth is thinking of a number between 20 and 30. the number is prime and not more than 2 away from a perfect square. what is the

elena-s [515]

23 is the answer because perfect square is between 20 and 30 is 25 and since the number is prime is has to be 23.

8 0

3 years ago

David has just joined a new company. His employer offers a number of different insurance policies as one of its employee benefit

kumpel [21]

Answer:

Health; automobile.

Explanation:

In Insurance, risk tolerance refers to the willingness of an individual or organization to take a risk in business transactions in order to get a potentially positive reward.

Simply stated, risk tolerance in insurance is the willingness of an insured individual to increase his or her Self-Insured Retentions (SIRs) or deductibles by the insurer. For instance, the high risk associated with investments such as stocks, high-yield bonds, is often perceived by investors to be worth the higher reward such investment brings.

Generally, insurance companies across the globe charge millions of their customers (insured) premiums every year. This gives them the privilege of having a pool of cash which can be used to cover the cost of losses and destruction to the asset of a small fraction or percentage of its customers.

This simply means that, since insurance companies collect premium from all of their customers for losses which may or may not occur, so they can easily use this cash to compensate or indemnify for losses incurred by those having high risk.

In this scenario, David has just joined a new company. His employer offers a number of different insurance policies as one of its employee benefits. For example, his employer’s health insurance covers prescription drugs and immunizations. David will also be receiving automobile insurance at no cost from his employer.

8 0

3 years ago

Read 2 more answers

You just purchased a brand new BMW 7-series for $97,600 using a dealer loan at an interest rate of 6.75 percent and zero down pa

Ivenika [448]

To calculate the loan balance after making the third payment, we use the future value concept, which shows the balance as $61,153.54.

<h3>What is the future value concept?</h3>

The future value concept describes the idea that the present value of cash flows today are not worth the same as their future value because of the time value of money.

The future value can be computed using the following future value formula:

FV = PV(1+r)^{n}

FV = future value

PV = present value

r = annual interest rate

{n} = number of periods interest held

Alternatively, we can use an online finance calculator to determine the future value of the loan after the third payment as follows:

<h3>Data and Calculations:</h3>

N (# of periods) = 7 years

I/Y (Interest per year) = $6.75

PV (Present Value) = $97,600

FV (Future Value) = $0

<u>Results:</u>

Annual Payment = $16,817.29

Sum of all periodic payments = $117,721.04 ($16,817.29 x 7)

Total Interest = $20,121.04 ($117,721.04 - $97,600)

Balance after the third payment = $61,153.54

<h3>Schedule of Payment:</h3>

Period PV PMT Interest FV

1 $97,600.00 $16,817.29 $5,452.83 $86,235.54

2 $86,235.54 $16,817.29 $4,685.73 $74,103.98

3 $74,103.98 $16,817.29 $3,866.85 $61,153.54

4 $61,153.54 $16,817.29 $2,992.70 $47,328.95

5 $47,328.95 $16,817.29 $2,059.54 $32,571.19

6 $32,571.19 $16,817.29 $1,063.39 $16,817.29

7 $16,817.29 $16,817.29 $0.00 $0.00

Thus, the loan balance after making the third payment is $61,153.54.

Learn more about determining the loan balance at brainly.com/question/22846480

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3 years ago

After you create a new vhd, it appears as a _________ in the disk management snap-in and in server manager. 70-410

olchik [2.2K]

The answer is, "<span>uninitialized disk".

Try not to initialize the disk, which would delete the greater part of the information on it. Instating is just required when a disk is brand new and hasn't been utilized. After a disk is instated, you can make partitions on it. After a partition is made, you can design the segment to make a document framework.
</span>

7 0

3 years ago

More recent work in the area of strategic management regarding assertions about being stuck in the middle:_________.

ikadub [295]

Answer:

<em>B) contradicts the argument and finds that firms that successfully pursue cost leadership and product differentiation simultaneously can often expect to gain a sustained competitive advantage.</em>

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2 years ago