Answer:
Premium is likely to be $180.00
Explanation:
Two players have 40% chance of slipping
Equally,two players have 20% chance of slipping
bruise cost per slip is $150
Premium=40% chance of slipping*bruise cost*2 players +20% chance of slipping*bruise cost*2 players
Premium=40%*$150*2+20%*$150*2
Premium=0.4*$150*2+0.2*$150*2
premium=$60*2+$30*2
premium=$120+$60
premium=$180.00
If the insurance company offers bruise insurance to the players ,the premium is likely to be in the region of $180.00
Answer:
Failing to match the communication medium (or channel) with the intended outcome.
Explanation:
Communication can be defined as the process of sending information. It involves sending of clear and concise messages from one person to another or from one group to another, messages could be represented in the form of signs or symbols.
Communication medium can be described as a means of transmitting information to the receiver. Some communication channels include:
1) Through the use of documents passed by series of reports and presentation.
2) Through the use of messages passed by emails and letters.
3) Through the use of images passed by graphical representation.
In the scenario above, Mike failed to use the right communication channel to inform the employees about their new benefit offering.
Answer:
Part a
Debit : Cash $9,000
Credit : Service Revenue $9,000
Part b
Debit : Prepaid Insurance $3,240
Credit : Cash $3,240
Part c
Debit : Equipment $12,000
Credit : Cash $12,000
Part d
Debit : Cash $14,000
Credit : Loan Payable $14,000
Explanation:
Step 1 : Identify the Accounts affected in each and every transaction.
Step 2: Then determine if this Account is increasing or decreasing.
Step 3 :The journal entries have been prepared above.
