Answer:
because it's will Ganna give you a business
<span>In dermining how much life insurance coverage
is needed for an individual , you have to consider first, to determine annual
income needs of your family if you were to die today. Because you have to
consider any lifestyle changes that might happen after te death and include
current expenses such as mortgage, rent, groceries, clothing, utility bills,
entainment, travel, transportation and child care. Next, you have to subtract
available income from annual income needs. Then, determine the principal needed
to generate income to be replaced (annual income to be replaced) devided by
(rate of return) = amount of principal needed. Next, Add one-time expenses of
your survivors will have to pay including funeral expenses. Lastly you have to subtract
one-time gains such as the total amount of money or profit that is made from
other life insurance policies, assets from selling a business or other payouts.</span>
Answer:
A. Unaffected
B. Unaffected
C. Understated
D. Overstated
Explanation:
C. Understated.
Understated balance is one that is reported as having a lesser balance than it actually does. example of what could cause the situation in which cash is understated is that when check is written on the disbursing bank on the last day of December with a credit to cash, and an associated debit to some expense account so as to decrease reported profits and taxes be it (direct or indirect tjaxes) for the year.
Another example is when a utility bill that is suppose to be paid by the last day of the month but failed to record the expenses, under the accrual basis of accounting, the company should recognize the expenses now even though the bill is not yet due. Until the bill is recorded, the utilities payable is understated
d. Overstated.
An overstated balance is an account balance that is reported as having a greater balance than it actually does, example of such situation is that in which an employee has misappropriated funds during the year, and draw a check transferring funds to the account with the shortage so as to cover the shortage. As of December 31, the shortage is replaced, with no reduction as yet recorded in the account on which it is drawn.
In second example of understated, expense account is understated and because of this net income is overstated.
Answer: D. Derek assumed the risk of a bear attack by joining the tour group, so he cannot hold the tour company liable
Explanation:
Derek has to accept that by joining the tour group, he assumed some the risk of some elements of danger amongst them the bear attack.
Even though there had been no prior attack by bears in the mountain, a mountain hike still has some inherent danger in it and this includes bears. He cannot hold the tour company liable using this reason alone.