The disadvantage of a personal professional liability policy is that it is expensive.
Option - a.
<u>Explanation:</u>
Proficient risk protection (PLI), additionally called proficient repayment protection (PII) yet more normally known as mistakes and oversights (E&O) in the US, is a type of obligation protection which ensures proficient guidance and administration giving people and organizations from bearing the full cost of shielding against a carelessness guarantee made by a customer, and harms granted in such a common claim.
The inclusion centers on supposed inability to perform with respect to, budgetary misfortune brought about by, and mistake or oversight in the administration or item sold by the policyholder. These are foundations for lawful activity that would not be secured by a progressively broad risk protection arrangement which tends to more straightforward types of damage.
Proficient risk protection may take on various structures and names relying upon the calling, particularly medicinal and lawful, and is once in a while required under agreement by different organizations that are the recipients of the exhortation or administration.
Inclusion now and then accommodates the safeguard costs, including when lawful activity ends up being unfounded. Inclusion does exclude criminal arraignment, nor a wide scope of potential liabilities under common law that are not identified in the arrangement, yet which might be dependent upon different types of protection. Proficient risk protection is legally necessary in certain zones for particular sorts of expert practice.
Answer:
The correct answer was supposed to be $36,000 which is not in the given choices.
Explanation:
correct balance in the bank account
= As per bank statement balance - outstanding checks + deposit in transit + check erroneously charged
= $72,000 - $54,000 + $15,000 + $3,000
= $36,000
Answer:
The correct answer is letter "C": Justifies ignoring the matching principle or the realization principle in certain circumstances.
Explanation:
The materiality accounting principle states that some of the Generally Accepted Accounting Principles can be omitted in the entry of an item while record-keeping a company's transactions only in the case the entry does not have any influence on the Financial Statements. Those principles could imply matching or realization principles.
1) Moral hazard occurs when the individual does not tell the others all the risks associated with their actions, so the correct answer is:
D. an individual knows more about his or her actions than other people do.
for the second one:
the money lent will be x
so we have :
x+10%x=1000
(the money lent and the interest are 1000 together)
so: 110%x=1000
11x=1000
x=1000\11
x=909.09 - so they correct answer is A!
x=
Answer:
Ans. The equilibrium rate of return on a 1-year Treasury bond is 6.65% (please check the explanation)
Explanation:
Hi, well, this type of bonds exist so people can avoid the time value of money risk, in other words, to keep money save from inflation and provide a risk free return at the same time. From a part of the text I can tell that the person who wrote it wanted to add up the risk free rate and the inflation rate, that is 3.05%+3.60% =6.65%.
This is why I wrote this answer, but the truth is that since they are both effective rates (risk free rate and inflation), they need to be add as effective rates, that is:
Therefore
So the real equilibrium rate of return is 6.76%, but for the sake of the question, I wrote 6.65%.
Best of luck.
