Answer: By creating risk pools, insurance companies help spread the risk and avoid the type of massive payout required after a catastrophic loss. It is a form of risk management for insurance companies. If a claim is made for reimbursement due to that catastrophic loss, the participating insurance companies spread the loss among themselves.
Explanation:
Answer:
A. reliable secondary data is both scarce and difficult to
Explanation:
Primary data are data collected or retrieved from the source. These data are obtained directly by researchers from the source where the data emanate from. Examples of primary data are survey, interview, group discussion.
Secondary data are data collected by other people other than the source or user. Examples are reports, news paper articles, journals etc.
Most international researchers collects their own primary data because of the difficulty and scarcity of collecting reliable secondary data. Both types of data are important though but the difficulties in obtaining those reliable secondary data prompts the collection of primary data.
These researchers goes to the root or source of the data to be collected because their findings will eventually be relied upon by users like individuals, government, corporate organizations, schools etc. Relying on secondary data might be hard because they might have be tampered with or altered which may not reflect the true nature of the data.
Renewable is: like a dish we can wash it and use it again and i know what is renewable energy: it is when you ride in a car and your fuel is low you just fill it up and it can go again.
Nonrenewable is like: when u broke a box in half there is no way u can pick it up together or glue its not gona work!
Answer:
here are all the characteristics of flow manufacturing
Explanation:
"The main features of flow production are: Large quantities are produced. Simplified or standard product. Semi-skilled workforce specialising in one task only."
Answer:
The Journal entries are as follows:
(i) Sales revenue A/c Dr. $900
To Cash $900
(To record the correction in sales revenue)
(ii) Merchandise Inventory A/c Dr. $200
To Cost of Goods sold $200
(To record the merchandise returned)
Note:
(1) At the time of sale, the cash would have been debited with the amount of $900 and the sales revenue would have been credited with the amount of $900. Now, the cash of $900 should be credited as it was debited earlier.
(2) The inventory account also credited at the time sale, so it should be debited and the cost of goods sold debited at the time of original sale, so it need to be credited.
