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4 years ago

In Q1 2018, CNA Companies reports the following transactions:

Business

1 answer:

kotegsom [21]4 years ago

4 0

Answer: B. ($11 million)

Explanation:

Out of the listed transactions there, these are the ones that can be taken out of Retained Earnings.

Loss on sale of equipment of $6 million

Preferred dividend of $2 million

Common dividend of $3 million

So calculating would be,

= - 6 - 2 - 3

= -$11 million

This means that Retained Earnings will reduce by -$11 million making option B correct.

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To minimize the invasion of privacy, _____.

astraxan [27]

Answer:

A. users should be able to review their records and correct any inaccuracies .

Explanation:

Once a transaction is noted and recorded in the software, there shall be access to the user only who had recorded the same, as this will provide for security and accuracy both.

If any third party is allowed to have the access to alter the records in the books then that can ruin the principle of maintaining privacy. Also in that case the responsibilities shall not stand to be completed as this calls for sharing responsibilities, and people will blame each other.

Thus, the user shall be alone to make any changes in the data already recorded by him.

8 0

3 years ago

When both parties to a contract are mistaken as to the same material fact either paarty can rescind the contract?

crimeas [40]

I took this question already, so if it was
<span>
Often, when both parties to a contract are mistaken as to the same material fact, either party can rescind the contract.

It would be "True"

</span>

6 0

3 years ago

. If you still donate the $100,000 from Problem 16 today, but ask the college to delay the scholarship payment so that the first

motikmotik

Answer:

The annual scholarship payment = $5,693.25

Explanation:

Data Given:

In this question, we are required to calculate the future value up till 9th year and then

Donating Amount = $100,000

Time period = 9 years

Note: Here in this question, interest rate is not given without which this question is incomplete. However, I have found similar question on the internet and will be using its interest rate to solve this question for the sake of understanding and concept.

So, the interest we use will be = 4%

Formula for the future value:

FV = Present Value $(1 + r)^{n}$

Present value = $100,000

n = 9 years

r = 4% = 0.04

FV = 100,000 $(1 + 0.04)^{9}$

FV = 100,000 x 1.4233118

FV = Future Value = $142,331.18

The annual scholarship payment = FV * r

The annual scholarship payment = 142,331.18 * 0.04

The annual scholarship payment = 5,693.247

The annual scholarship payment = $5,693.25

8 0

3 years ago

Who receives the good or service from first come, first served. for econmics

Jlenok [28]

Answer:

This method of allocation, called first come, first served, is often used to distribute cheap tickets to rock concerts, sporting events, movies, and many other events. The first come, first served method does a fairly good job of allocating tickets to the people who want to see the show the most.

7 0

3 years ago

1. A manufacturer of industrial motors has identified ten new prospective customers for its products and estimated each customer

Bess [88]

Answer:

a. the assigned sales potential to each person is 210

d. the total minimum over/above potential is 20

Explanation:

took it out from Spreadsheet Modeling and Decisions Analysis. hope this helps.

4 0

3 years ago