Answer:
The answer is option A) John's injuries will not be covered under workers' compensation because of his negligence.
Explanation:
Employers are usually required to carry workers' compensation insurance, which helps employees who have sustained a work-related injury recover monies spent to treat the injury.
The types of injuries covered by workers' compensation are those which can be connected in some way to an employment requirement or condition.
John's injuries will not be covered under workers' compensation since there is a standing order to avoid using the forklifts.
John's injury which happened as a result of holding forklift races during their lunch hour at the warehouse where they work will not be covered by the company.
Answer:
$238,600
Explanation:
Firstly, we need to compute the amount of bad debt
= Credit sale × Bad debt expense
= $2,000,000 × 2%
= $40,000
The adjusted balance of allowance will be the addition of unadjusted balance of allowance account and the bad debt expense
= $21,400 + $40,000
= $61,400
The , the balance will be :
Accounts receivables = $300,000
Less: Allowance for doubtful account = ($61,400)
Net realizable value of account receivable = $238,600
Answer:
It is not necessary a decline in quantity of money for deflation to occur.
The quantity theory of money states that if money supply and velocity of circulation don't change economic growth (positive change in GDP) will result in declining price levels
Explanation:
The quantity of money theory states that
where M is the money supply, V is the velocity of circulation, P is the price level and Y is the GDP
We can put this equation in terms of percentage changes, which gives
where the 
denotes the percentage change in the money supply, and similarly for the other variables.
Then for the percentage change in prices to be negative we have that
since
So if the there's no change in circulation velocity or gdp, then inflation can occur if there's a decline in money supply (percentual change in M is negative).
But it also could be other scenarios:
1. money supply or output did not change and velocity of circulation decreased
2. money supply and velocity remained constant but GDP grew
Answer:
The condition which states that the domestic interest rate equals the foreign interest rate minus the expected appreciation of the domestic currency is called <u>Interest Rate parity</u>
Explanation:
The interest rate parity condition explains the relationship between domestic and foreign interest rates, and also factoring in alongside the appreciation of the home or domestic currency.
Interest rate parity condition states that the difference in interest rate between two countries will be equal to the difference between their forward exchange rate and their spot exchange rate.
Therefore in very simple terms, interest rates are linked to exchange rates
Answer: Insurance agent who represents only one insurance company.
Explanation:
A captive agent is an insurance agent that works for a lone insurance company, either as full time or per time. They are paid their salary and commission or just commission depending on the contract agreed between employer and employee.
They can't do more than one insurance job at a time.
