I believe the correct answer to this is:
“Property Damage Liability”
<span>This type of coverage protects the insurer from paying out
the pocket fees especially when found at guilt of the damage. Actually this
does not cover damage to your own property but only kicks in when you are found
to be at fault of the accident.</span>
Answer with its Explanation:
Journal entries required:
(a). To record establishment of the fund
When the petty cash fund was set up the entry was increase in petty cash and decrease in cash balance of the company which is increase in one asset (Petty cash asset) and decrease in other asset (cash asset).
Dr Petty cash $150
Cr Cash $150
(b). Reimbursement of the fund at the end of the current period.
The entry of spending of money on entertainment $70, postage $30 and printing $22 are all expenses incurred which is increase in expense and increase in the expenses are debited. The cash is paid here which means that the cash asset is decreased which must be credited.
Dr Entertainment expenses $70
Dr Postage expense $30
Dr Printing Expense $22
Cr Petty cash $122
An expansionary monetary policy will move the supply of dollar assets to one side from the first inventory bend to the new supply bend and to another harmony of lessening the financing cost from to .
<h3>What is
monetary policy?</h3>
Monetary policy is the policy adopted by a country's monetary authority to control either the interest rate due on very short-term borrowing or the money supply, frequently in an effort to reduce inflation.
The central bank's macroeconomic policy is known as monetary policy. It is the demand side economic strategy employed by a country's government to achieve macroeconomic objectives such as inflation, consumption, growth, and liquidity by managing the money supply and interest rates.
Price stability is the basic goal of monetary policy. The price stability goal is met when the domestic economy's overall price level remains as low and stable as possible in order to encourage long-term economic growth.
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Answer: 87.5%
Explanation:
Value of a Customer = Margin * Retention rate / (1 + Annual discount rate - Retention rate)
We shall assume a margin of 1 so no need to include it:
= 75% / ( 1 + 5% - 75%)
= 2.5
This value needs to double so assume the retention rate to double this is x and use the formula above to find it:
5 = x / (1 + 5% - x)
5 * (1 + 5% - x) = x
5 + 0.25 - 5x = x
5.25 = 5x+ x
6x = 5.25
x = 5.25 / 6
x = 87.5%
Answer: Option D
Explanation: In simple words, contingent liability refers to those liabilities the arise of which depends on some event that may or may not happen in the future. Potential lawsuits and warranties on products sold are some of the many examples of contingent liabilities.
These liabilities are recorded so that the firm can make suitable reserves and funds in advance to tackle thee liabilities but they are only recorded when the amount of loss can be reasonably estimated and it is probable that liability will arise.