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2 years ago

Planning for the possiblity that your home might get struck by lightning and catch on fire is part of a plan for _____.

Business

2 answers:

olasank [31]2 years ago

7 0

The correct answer is D !!!!!!!!!!!!!!!!

AysviL [449]2 years ago

5 0

Planning for the possibility that your home might get struck by lightning and catch on fire is part of a plan for protecting assets. This planning falls under protecting your assets because you are taking initiative by making sure your home is protected in the event it is struck by lighting or catches on fire. The plan you develop will make sure your assets are protected and allows you to have steps in place to make sure that you do not lose everything without protection.

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The primary difference between the capital adequacy ratio (car) and the leverage ratio (lr) is?

Ainat [17]

The capital adequacy ratio (CAR) calculates a bank's available capital as a proportion of its risk-weighted credit exposures. The capital adequacy ratio, is commonly known as the capital-to-risk weighted assets ratio (CRAR). A leverage ratio is any of a number of financial metrics that examine the amount of capital that is borrowed (loans).

Learn more about capital adequacy Ratio (CAR ) And leverage Ratio (LR) here:

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1 year ago

when setting up a product/service item in quick books which box do I check to assign a preferred vendor

sasho [114]

To create service items in QuickBooks Desktop, click the “Item” button in the lower-left corner of the list window. Then select the “New” command from the pop-up menu. In the “New Item” window, select “Service” from the “Type” drop-down. Enter a name for the service into the “Item Name/Number” box.

6 0

2 years ago

After all revenue and expense accounts have been closed at the end of the fiscal year, Income Summary has a debit of $2,450,000

murzikaleks [220]

Answer:

income summary 550 debit

retained earnings 550 credit

--to close income sumary against RE--

Explanation:

To complete the closing entries we should determinate the balance of the Income Summary account and then, transfer into Retained Earnings.

Income Summary

Debit Credit

2,450

3,000

Balance 550

We will debit income summary so his blanace ends in zero and credit retained earnings so net income is accumualted and added into equity to represent it in the balance sheet.

7 0

3 years ago

A firm has a capital structure with $3 in equity and $3 of debt. The cost of equity capital is 0.17 and the pretax cost of debt

vampirchik [111]

Answer:10.06 %

Explanation:

WACC = (Cost of equity × weight of equity ) + (Cost of debt × weight of debt)

Cost of equity = 0.17

Cost of debt = pretax cost of debt × (1 - tax rate )

0.06 × 0.52 = 0.0312

Weight of debt and equity = $3 / $6 = $0.5

WACC = ( 0.17 × 0.5 ) + (0.52×0.06 × 0.5) = 0.085 + 0.0156 = 0.1006 = 10.06%

4 0

2 years ago

Prepare Hertog Company’s journal entries to reflect the following transactions for the current year. May 7 Purchases 200 shares

Mrrafil [7]

Answer:

Explanation:

Prepare Hertog Company’s journal entries to reflect the following transactions for the current year.

1. May 7 Purchases 200 shares of Kraft stock as a short-term investment in trading securities at a cost of $50 per share plus $300 in broker fees.

Dr Short Term Investments..............................10,000

Dr Broker Fess..........................................................300

Cr. Cash.................................................................................10,300

Being purchase of 200 shares of Kraft stock as a short-term investment in trading securities at a cost of $50 per share plus $300 in broker fees

2. June 6 Sells 200 shares of its investment in Kraft stock at $56 per share. The broker’s commission on this sale is $150.

Dr Cash................................................................11,050

Dr Broker Fess........................................................150

Cr. Cash............................................................................10,000

Cr. Gain on Sale of Short-term investments..............1,200

Being Sale of 200 shares of its investment in Kraft stock at $56 per share. The broker’s commission on this sale is $150

4 0

2 years ago