Answer:
it is an easiest type of business to set up because it requires small capital to start but has many disadvantages such as bearing all the risks alone.etc
Answer:
B. Exposure.
Explanation:
The act exhibited by the highway crew can easily be explained to be exposure because of his stance from a mountain end and their reaction.
Measurement of exposure is generally defined as some form of
the amount of travel, either by vehicle or on foot. Once the amount of travel
is known for certain activities, or road users, and if we know the number of
crashes that are associated with that activity or population, the associated
risk can be calculated. Also the various ways of measuring the amount of travel are referred to collectively as exposure
data because they measure traveller’s exposure to the risk of death or
injury.
Answer:
The adjustment at month-end is :
Supplies Expense $400 (debit)
Supplies $400 (credit)
Explanation:
The Supplies Account is an asset Account that decreases as the supplies are used in the business.
The use of supplies prompts the recognition of an <em>expense</em> and de-recognition of an <em>asset</em> as follows :
<em>Supplies Expense $400 (debit)</em>
<em>Supplies $400 (credit)</em>
Answer:
price variance $(22,800.00) UNFAVORABLE
Explanation:
std cost $6.00
actual cost $9.00
quantity 7,600
difference $(3.00)
price variance $(22,800.00)
We calculate the actual cost by dividing total cost by the lbs purchased:
68,400/7,600 = 9
Because the diference is negative, the variance is unfavorable.
Each pound cost more than it was planned.
