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3 years ago

Insurance is a financial service that allows a:________

Business

2 answers:

Amiraneli [1.4K]3 years ago

6 0

Answer: Consumer share risk with company.

Explanation:

Insurance involves the sharing of risk between a client and his insurer. In insurance the insurer takes a large portion of the risk while the client covers the rest of risk payment.

Mumz [18]3 years ago

6 0

Answer:

Explanation:

i took the quiz in edg

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XYZ Company leased equipment to West Corporation under a lease agreement that qualifies as a finance lease to West but not as a

melomori [17]

Answer:

132,000$ will be recorded by west as amortization expense for the year.

Explanation:

Depreciation/amortization is systematic allocation of cost of asset over its useful life. In this case asset cost is not given so we assume that PV of lease payment is equal to market value (660,000 dollars) of asset.

In case of leased asset the useful life taken for calculation of depreciation is lower of 1) Useful life 2) Lease term as per applicable accounting standards.

So we have taken 5 years to charge depreciation on Straight line method.

Hence by dividing 660000 by five we get our answer.

7 0

2 years ago

Which of the following is an example of unearned income?

BaLLatris [955]

Answer:

Explanation:

8 0

2 years ago

Yan Yan Corp. has a $5,000 par value bond outstanding with a coupon rate of 4.6 percent paid semiannually and 21 years to maturi

Aleonysh [2.5K]

Answer:

Price of the bond = $4,122.36

Explanation:

The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).

Value of Bond = PV of interest + PV of RV

The value of bond for Yan Yan Corp. be worked out as follows:

Step 1

PV of interest payments

Semi annul interest payment

= 4.6% × 5,000 × 1/2 = 115

Semi-annual yield = 4.1%/2 = 2.05 % per six months

Total period to maturity (in months) = (2 × 21) = 41 periods

PV of interest =

115 × (1- (1+0.0205)^(-21)/0.0205)=1,946.47

Step 2

PV of Redemption Value

= 5000 × (1.0205^(-41) = 2,175.89

Step 3:Price of the bond

Total present Value = 1,946.47 + 2,175.89 = 4,122.36

Price of the bond = $4,122.36

5 0

3 years ago

Prepare journal entries for Buffalo to record (1) the sale on March 10, 2020, (2) the return on March 25, 2020, and (3) any adju

Nataly_w [17]

Answer:

1) Debit Account Receivable/Bank Account - Sales Amount

Credit Sales Account - Sales amount

Credit Inventory Account - Cost of the product

Debit Cost of Sales - Cost of the product

2) Debit Sales Account - Sales Amount

Credit Cost of Sales - cost of the product

Credit Account Receivable/ Bank - Refund Amount

Debit Inventory Account- Cost of the product

a)Any increase in returns over estimate

Debit Sales Account - Difference in sales Value

Credit Cost of Sales - Difference in cost of the product

Credit Account Receivable/ Bank - Difference Refund Amount

Debit Inventory Account- Difference in Cost of the product

b) Any Decrease in returns over estimate

Debit Sales Account - Decrease in Sales Amount

Credit Cost of Sales - Decrease in cost of the product

Credit Account Receivable/ Bank - Decrease in refund Amount

Debit Inventory Account- Decrease Cost of the product

Explanation:

8 0

3 years ago

Read 2 more answers

paul was a district manager in san francisco. when a district manager position opened up in boston, he was approached about taki

mylen [45]

*internal recruitment

Internal recruiting is the process of hiring someone from your existing workforce for a new or vacant position

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1 year ago