1. The building or the work place and it's called Property insurance
2. the works health and it's called Workers’ compensation insurance
3. Vehicle insurance (the business's vehicles)
4. Professional liability insurance (covers a business against negligence claims due to harm that results from mistakes or failure to perform)
5. Product liability insurance (if the business manufactures a product can have damage ones but with coverage available to be tailored specifically to a specific type of product)
6. Business interruption insurance (like if a flood happen then the business won't be able to operate for a while so they'll lose in income so business interruption insurance compensates a business for its lost income during these events)
The answer is 1764, I’m pretty sure but I’m no teacher
Answer:
c.$52,671
Explanation:
The computation of the cash proceeds to chang co is shown below;
But before that, we have to find the interest which is
= Issued amount × discount rate × number of days ÷ total number of days in a year
= $54,300 × 9% × 120 days ÷ 360 days
= $1,629
Now the cash proceeds are
= Issued amount - interest amount
= $54,300 - $1,629
= $52,671
hence, the correct option is c.
Answer:
True
Explanation:
A flexible budget is a budget in which you modify the activity levels to reflect changes in sales to help the company adjusts to different circumstances that may occcur. Also, in this budget the fixed costs remain constant and the variable costs change with the activity levels. According to this, the answer is that the statement that says that a flexible budget reporting sales volumes at three different levels will have the same fixed costs is true.
Answer:
Financial accounting refer to the financial statement while, managerial is more focus into internal reports
In details, the most difference are as follows:
Aggregation.
Financing reports on the complete firm. While Managerial; at product, division or customer level.
Proven information.
Financing require certain criteria to ensure precision. It need to prove correct to third parties. While Managerial uses budget, forecast and estimated values.
Reporting focus.
Financial accounting is oriented toward outside
Managerial accounting analysis stays within a company.
Legislation:
Financial accounting faces the GAAP, IFRS and heavy legislation.
Managerial accounting doesn't
Time period.
Financial accounting has a historical orientation their reports are resumes of past transactions and operations.
Managerial accounting has a future orientation.
Timing.
Financial Statement are done at end of an accounting period.
Managerial accounting issues on demand of the board or supervisor.
