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3 years ago

What is one cost of avoiding insurance?

Business

2 answers:

Illusion [34]3 years ago

8 0

Answer:

falling into debt if faced with a serious problem

Brainliest?

pychu [463]3 years ago

4 0

Answer:

Explanation:

Edge

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Determining Net Cash Flow from Operating Activities: Burch Company reported the following items in its balance sheet and income

Tanya [424]

Answer:

$9,000

Explanation:

The cash flow statement is the financial statement where the cash flows from the various activities of a business are recorded. These activities include Operating, Investing and Financing. The statement may be shown using gthe direct or indirect method.

The operating activities include the changes to current assets and liabilities. Increases in assets (apart from cash) represents an out flow of cash while increases in liability represents and in flow of cash and vice versa.

The net cash flows from operating activities using the indirect method

= -5000 - 20,000 + 10,000 + 25,000 - 1,000 (all amounts in $)

= $9,000

This represents a net inflow.

3 0

3 years ago

Raspberry Company's actuary has computed its prior service cost to be $8,000,000. Raspberry amortizes the prior service cost by

Andrews [41]

Answer: $910,000

Explanation:

Pension expense is calculated by the formula:

= Prior Service cost for the year+ Service cost + Interest cost - Expected return on plant assets

Prior Service cost = Prior service cost / Service life of active employees

= 8,000,000 / 20

= $400,000

Expected return on plan assets = Plan assets * Interest rate

= 1,500,000 * 10%

= $150,000

Pension expense = 400,000 + 560,000 + 100,000 - 150,000

= $910,000

3 0

3 years ago

Indigo Company invests $11,700,000 in 4% fixed rate corporate bonds on January 1, 2020. All the bonds are classified as availabl

IceJOKER [234]

Answer:

a. Indigo do not elect fair value option

Journal entries

Date Description DR CR

2020

Jan 1 Bonds-available for sale asset $11,700,000

Cash book 11,700,000

Being the amount paid on acquisition

Dec 31

Interest receivable (4%*11,700,000) 468,000

Income statement 468,000

Being the interest due on the bond at the year end

b. Indigo elect the fair value option

Date Description DR CR

2020

Jan 1 Bond-available for sale asset 11,700,000

cash book 11,700,000

Being the amount paid on acquisition

Dec 31 Interest receivable 468,000

Income statement 468,000

Being the interest due on the bond at the year end

Dec 31 Bond 687,000

Revaluation surplus 687,000

Being the excess of fair value over the book value

Explanation:

3 0

3 years ago

On January 12, 2021, Jefferson Corporation purchased bonds of Rose Corporation for $77 million at par and classified the securit

olga2289 [7]

Answer:

Explanation:

4 0

2 years ago

____ ensure that goods produced in one country will meet the requirements of buyers in another country.

riadik2000 [5.3K]

ISO standards ensure that goods produced in one country will meet the requirements of buyers in another country.

The International Organization for Standardization (ISO), is a non-governmental organization which comprises standards bodies from more than 160 countries, with one standards body representing each member country.

ISO standards provide a strong basis for the development of national and international regulation, helps in saving time and reduce barriers to international trade. International Standards mean that consumers can have confidence that the products are reliable and of good quality.

Hence, through the ISO standards the requirements of buyers are met in another country.

To learn more about ISO standards here:

brainly.com/question/7181318

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3 0

1 year ago