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Vikentia [17]
4 years ago
11

Lighter Than Air Industries expects that it would lose $10 million if a tornado struck its aircraft operations facility. It expe

cts that a tornado might strike the facility once every 100 years. What is the single loss expectancy for this scenario?
Business
1 answer:
Semenov [28]4 years ago
7 0

Answer:

Single loss expectancy = $10,000,000

Explanation:

Given:

Loss of amount if tornado hit = $10,000,000

Single loss expectancy = ?

Computation of Single loss expectancy:

Single loss expectancy = Assets value × Exposure factor

Single loss expectancy = $10,000,000 × 1

Single loss expectancy = $10,000,000

Annual loss expectancy = Assets value / Expected year

Annual loss expectancy = $10,000,000 / 100

Annual loss expectancy = $100,000

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. Accounts receivable that cannot be collected. (p. 412) 2. Crediting the estimated value of uncollectible accounts to a contra
Arlecino [84]

Answer:

  1. Uncollectible accounts
  2. Allowance method
  3. Book value
  4. Book value of accounts receivable
  5. Net realizable value
  6. Percent of sales method
  7. Percent of accounts receivable method
  8. Aging of accounts receivables
  9. Writing off an account
  10. Direct write off method
5 0
3 years ago
A. M&R Company provided $2,000 in services to customers that are expected to pay the company sometime in January following t
AleksAgata [21]

Answer and Explanation:

The Journal entries are shown below:-

a. Accounts receivable Dr, $2,000  

          To Service revenue $2,000

(Being service revenue is recorded)

b. Wages expenses Dr, $1,000  

          To Wages payable $1,000

(Being wage expenses is recorded)

c. Interest expenses Dr, $400  

    To Interest payable $400

(Being interest expenses is recorded)

d. Lawn service expenses $500  

    To Accounts payable $500

(Being lawn service expenses is recorded)

e. Interest receivable $200  

     To Interest revenue $200

(Being interest revenue is recorded)

f. Salaries expenses $900  

     Salaries payable $900

(Being salary expenses is recorded)

3 0
4 years ago
In 2008, the value of the stocks listed on the New York Stock Exchange decreased tremendously. As a direct result:
frutty [35]

Answer: 2). Neither U.S. GDP nor U.S. GNP were affected.

Explanation: Gross Domestic Product (GDP) is the total monetary value of all the final goods and services produced in a country during its financial year.

Gross National Product (GNP) on the otherhand is broad measure of the value of all finished goods and services produced in a country in one year by its nationals.

Both GDP and GNP measure goods and services and not financial assets such as shares. Hence, financial assets do NOT contribute to the GDP or GNP of any nation.

3 0
3 years ago
As Elisa gets ready to open her new business, she has identified the tasks that need to be accomplished and has assigned employe
Nitella [24]

Answer:

DIVISION OF LABOUR

Explanation:

Division of labour is : allocating different subparts of a task process to different people, to attain better efficiency. Better efficiency is attained by - labourers being specifically specialised in that subsection task, which increases their individual & hence organisation efficiency.

Elisa:  opening her new business & assigning tasks to employees - is an example of the same.

All other options are inapt because: Management departmentalisation is dividing organisation into specialised niche departments. Mass production economies is cost reduction due to bulk quantity production. Specialisation of priorities is developing competitive advantage by research & innovation.

7 0
3 years ago
A concentration of minerals that could now be legally mined at a profit is called a.
lorasvet [3.4K]

Answer:

Reserve. resource

Explanation:

concentration of natural minerals in or on the crust of the Earth with potential to be extracted for profit.

7 0
2 years ago
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