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3 years ago

The viability of insurance products sold to businesses

1 answer:

4 0

Your question is not clear enough. Anyway the viability of insurance products is a very important thing. It used to protect your business if you are focused on manufacturing specific products. If something goes wrong it's a good thing.

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IM JUST GIVING AWAY POINTS!!!!!!

katrin2010 [14]

Answer:

I DONT NEED IT I DONT NEED IT I NEEEED ITTTTTTTT

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3 years ago

Read 2 more answers

Suppose you deposit $2000 in currency into your checking account at a branch of Bank of America, which we will assume has no r

Finger [1]

Answer: Please see answer in the explanation column

Explanation: A T- account resembles a tshape that shows a representation for financial records using double-entry bookkeeping, when it involves different accounts like asserts and liabilities, debits to liabilities decrease the account while credits increase the account. The contrary is true for assets

first T-account

.a) Assets | Liabilities

Reserve: +$2000 Deposit: +$2000

Assets | Liabilities

Reserve $400 Deposit=+$2000

Loans: .+$1600

Where required reserve ratio is 20% ie 0.02 x 2000= $400

The bank will keep $400 as reserve and can only loan out $1600

Deposited in another bank as

Assets | Liabilities

Reserve $1600 Deposit=$1600

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3 years ago

ABC purchases inventory for $2,000 and incurs shipping costs of $100 for the goods to be delivered. To record this transaction,

Rus_ich [418]

Answer: 1. D) Assets are understated

2. D) Car dealers

Explanation:

1. The shipping costs to bring Inventory into a business are known as Carriage Inwards. This amount is to be debited with the Inventory as it is considered to be part of the cost of acquiring the inventory. By not putting this cost with the inventory, ABC is undervaluing the inventory account which is an Asset account. The Assets are therefore understated.

2. The Specific Identification Method of inventory valuation is based on each individual unit purchased or sold. It does not group items and tracks each item from the moment it is purchased to the moment it is sold so the cost of the specific inventory is known. This method is used more often by businesses that deal with easily identifiable items such as Jewellers and Car dealers because each car is big enough to be tracked individually.

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3 years ago

g The Federal Reserve can lower short-run output by Group of answer choices lowering the real interest rate. increasing the mone

Viktor [21]

Answer: Decreasing the money supply

Explanation:

When the Fed reduces money supply, it will remove the amount of excess money that people have to spend in the economy. This will lead to prices reducing because people no longer have a lot of money to spend on products therefore they will demand less goods. This will lead to the Aggregate demand curve shifting to the left. The new intersection with the Aggregate Supply curve will be at a point where prices will be lower and less quantity will be demanded which will signify a drop in the short-run output of the economy.

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3 years ago

5. The Bureau of Economic Analysis reported that, in real terms, overall consumer spending increased by $345.8 billion in 2015.

ikadub [295]

Answer & Explanation:

a. MPC = 0.50; Change in consumption spending = $345.8 billion

According to multiplier formula,

Change in real GDP/ Change in consumption spending = 1/(1-MPC) = 1/(1-0.5) = 1/0.5 = 2

So, Change in GDP = Change in consumption spending*2 = (345.8)*2 = $691.6 billion

Change in GDP = $691.6 billion

b. Change in investment = -$100

According to multiplier formula,

Change in real GDP/ Change in investment = 1/(1-MPC) = 1/(1-0.5) = 1/0.5 = 2

So, Change in GDP = Change in investment*2 = (-100)*2 = -200

So, total change in GDP = 691.6 - 200 = $491.6 billion

Change in real GDP = $491.6 billion

c. Percentage change in real GDP = (Change in Real GDP/GDP at the end of 2014)*100 = (491.6/15,982.3)*100 = 3.08%

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3 years ago