The money that has been set aside for emergency situations can be ideally used for paying the phone bill at first.
Option C is the correct answer.
<h3>What is an emergency fund?</h3>
An emergency fund is an amount that is kept by an individual out of their earned income which is further to be used in uncertain times.
An emergency fund has been created to meet the contingencies in life that can be in the form of repairs of any equipment, medical problems, loss of job, etc. This fund helps the individual in uncertain times when he/she is in need of funds.
Therefore, the phone bill should be paid first from the emergency fund then the rest of the expenses to be considered.
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Answer:
Answer a.
Explanation:
Negative externalities are a consequence of market activity, whose social cost is not covered by the private cost of such activity, resulting in over-consumption of the product. Resulting tax on such negative consequence can reduce demand and in the case of air polluting factories, for instance, enforce the company to pay social cost for its actions.
Answer:
Retained earnings A/c Dr $500,000 (100,000 shares × $5)
To Dividend payable A/c $500,000
(Being the dividend is declared)
Explanation:
The journal entry is shown below:
Retained earnings A/c Dr $500,000 (100,000 shares × $5)
To Dividend payable A/c $500,000
(Being the dividend is declared)
For recording this we debited the retained earning as it reduced the stockholder equity and at the same time it increased the liabilities so dividend payable is credited
It is true that Enterprise risk management is a valuable approach that can better align security functions with the business mission while offering opportunities to lower costs.
<h3>What is Risk Management?</h3>
In order to limit, monitor, and control the likelihood or impact of unfortunate events or to maximize the realization of possibilities, risk management entails the identification, appraisal, and prioritization of risks (defined by ISO 31000 as the influence of uncertainty on objectives).
Instability in global markets, threats from project failures (at any stage of design, development, production, or maintenance of life cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events with uncertain or unpredictable root causes are just a few examples of the many different types of risks that can arise.
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