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Nady [450]
3 years ago
9

Marigold Corp. self-insures its property for fire and storm damage. If the company were to obtain insurance on the property, it

would cost them $1920000 per year. The company estimates that on average it will incur losses of $1610000 per year. During 2021, $710000 worth of losses were sustained. How much total expense and/or loss should be recognized by Marigold Corp. for 2021?
Business
1 answer:
DENIUS [597]3 years ago
8 0

Answer:

loss on fire and storms 710,000

insurance expense zero as the firm didn't acquire any

Explanation:

Notice it state <u><em>"if the company were to obtain insurance"</em></u> Which means it currently has none insurance.

If the firm had an insurance the amount of losses would be deducted from the insurance policy but there is none so we disclosure the entire loss as a result of the period.

Hence, we should recognize the entire loss on fire and storm damage of 710,000 during the year and no insurance expense.

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vovikov84 [41]

Answer:

that there's a need for an improved poverty measure.

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It is interesting to note that poverty has a defined measurement which helps Governments understand how taxes and government programs affect those who are poor.

However, due to changing housing costs and the fact that indoor plumbing was not common for rural families in the middle of the twentieth century it was necessary to modify the measures that defines a poor person.

3 0
4 years ago
identify the characteristics of a successful workplace culture. select all that apply. employees want to do a good job. employee
PIT_PIT [208]

The characteristics of a successful workplace culture. select all that apply employees like the goals of the organization.

Culture is the character and personality of your organization. it is what makes your business unique and is the sum of its values, traditions, beliefs, interactions, behaviors, and attitudes. Fantastic place of business way of life attracts skills, drives engagement, influences happiness and pleasure, and impacts performance. The character of your business is inspired by everything. Leadership, management, workplace practices, regulations, people, and extra impact culture significantly. The most important mistake groups make is letting their workplace tradition form naturally without first defining what they need it to be.The way your leaders speak and engage with employees, what they talk and emphasize, their vision for the future, what they celebrate and recognize, what they expect, the stories they tell, how they make decisions, the volume to which they're relied on, and the ideals and perceptions they reinforce.

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7 0
1 year ago
In a bill-and-hold arrangement, revenue only can be recognized after the sale of the goods to the end user.
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The correct answer is True. When ownership of the items passes to the customer, revenue is realised. In addition to the requirements for determining when control transfers, a reporting entity must also satisfy certain additional requirements for a customer to have achieved control in a bill-and-hold arrangement.

A bill and hold sales arrangement allows for payment in advance of the item's delivery. This is a sales agreement when a product seller invoices a consumer up front but doesn't actually ship the thing until later.

In a bill and hold transaction, the vendor does not deliver the purchased goods to the customer, but the associated income is still recorded. Under this structure, revenue cannot be recognised until a number of severe requirements have been satisfied. The possibility of falsely recognising revenue too early exists otherwise.

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8 0
1 year ago
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Gennadij [26K]

Answer:

The correct option is fundamental analysis

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Industry analysis centers on the competitive nature of the market where a business operates,hence it is a just a component of what makes fundamental analysis.

Operational analysis can be likened to performance measurement where the performance of a business is measured viz-a-viz the expected performance with to aligning actual performance with plan

Fundamental analysis is the correct option as it encompasses determining the value of stock by conducting both internal and external analysis of a business concern.

7 0
3 years ago
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