the correct answer would be : Exchange Traded Fund
The Exchange traded fund is a marketable security that trades commodity, bonds, or a basket of assets, which also trade the ownership of those securities (like the usual stock market but for bonds, commodity, or assets)
Answer:
b.$7,172.16 favorable
Explanation:
std rate $ 13.13
actual rate $ 12.20
actual hours 7,712
difference between actual and standart rate $0.93
As it is positive the variance is favorable as we spend less per hour than standard.
Now, we multiply by the actual hours to get the rate variance:
7,712 hours x $0.93 = $7,172.16
The statement "<span>Independent risks can be diversified by holding a large number of uncorrelated assets with independent risks." is true.
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Answer:
$2,200
Explanation:
The computation of the adjusted balance of prepaid insurance is shown below:
= Expired amount of prepaid insurance
= $2,200
Insurance expense A/c Dr $2,200
To Prepaid insurance Cr $2,200
(Being the insurance expense is recorded)
At the time of insurance expired, the amount is transferred from current asset to the insurance expense account in the income statement
