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4 years ago

11

Moral hazard and adverse selection have different timing with respect to the purchase of insurance. in other words, one is of in

terest before the purchase of insurance and one occurs after the purchase. explain.

1 answer:

tatuchka [14]4 years ago

7 0

Y buy a thing if u brake it it will be replaced by money that is what insurance is

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At the beginning of 2021, Artichoke Academy reported a balance in common stock of $164,000 and a balance in retained earnings of

daser333 [38]

Answer:

Artichoke Academy

Statement of Stockholders’ Equity

For the Year Ended December 31, 2021

Beginning balance Common Stock $164,000

<u>Beginning balance retained earnings $64,000</u>

Subtotal $228,000

Common Stock issued $54,000

Earned net income $44,000

<u>Distributed dividends ($11,400)</u>

Ending balance Common Stock $218,000

<u>Ending balance retained earnings $96.600</u>

Total Stockholders' Equity December 31, 2021: $314,600

Artichoke Academy

Balance Sheet

For the Year Ended December 31, 2021

Assets:

Cash $54,000

Prepaid rent $31,000

Supplies $12,300

Land $270,000

Total assets: $367,300

Liabilities and stockholders' equity:

Accounts payable $13,600

Utilities payable $5,200

Salaries payable $4,900

Notes payable $29,000

Common stock $218,000

Retained earnings $96,600

Total liabilities and stockholders' equity: $367,300

7 0

3 years ago

Why did the framers of the u.s. constitution separate powers and provide for a system of checks and balances?

Scorpion4ik [409]

The framers of the US constitution separate powers and provide for a system of checks and balances in order to guard against a tyrannical government where one particular branch would have too much power.

<h3>What are the functions of the 3 branches of government.</h3>

Apart from the delegate duties that these three branches have in the government, the way that the framers created them was to ensure that they were able to check each other. They provided checks and balance for each other.

The executive had the power to call the other two to other and so also doe the judiciary and the legislative arm of the government so that the people would not experience a dictatorship.

Read more on the constitution framers here: brainly.com/question/1087677

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2 years ago

The approach used when overhead is applied to jobs by multiplying a predetermined overhead rate by the actual amount of the allo

Sati [7]

A method of costing whereby overhead costs are allocated to a job by multiplying the actual cost of the allocation base incurred by the job by a specified overhead rate is known as Normal Costing.

<h3>What is predetermined overhead rate?</h3>

An allocation rate known as the predetermined overhead rate allocates a specific amount of manufacturing overhead to job orders or goods.

Predetermined overhead is frequently calculated at the start of each reporting period by dividing the anticipated manufacturing overhead expenses by an allocation base.

The allocation base refers to the time taken to perform an activity such as the machine hours, direct labor hours etc.

Normal Costing also known as the product costing method in which the several cost such as the direct cost, material cost, manufacturing overhead cost as well as the work in progress is added.

Learn more about Predetermined overhead here:

brainly.com/question/15059078

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6 0

2 years ago

A World Trade Organization publication calls comparative advantage "arguably the single most powerful insight in economics." Sou

zimovet [89]

Answer:

The ability of an individual, a firm, or a country to produce a good or service at a lower opportunity cost than competitors is known as <u>COMPARATIVE ADVANTAGE</u>, what makes it such a powerful insight?

D) It explains why if individuals, firms, and countries specialize and trade they will be better off

Explanation:

The Heckscher Ohlin theory of comparative advantage states that a country must produce the goods for which they have an abundance of factors of production, e.g. countries with a lot of land can produce agricultural products. When a country is able to produce goods at a comparatively lower price than other countries, they will be able to trade and benefit from it.

Benefits from trade are obtained not by absolute advantages in the production of goods, but by producing goods with a comparative advantage, i.e. lower opportunity cost.

For example, country A can produce 100 bushels of corn and 50 bushels of wheat. Country B can produce 50 bushels of corn and 35 bushels of wheat.

country A's opportunity cost of producing 1 bushel of corn = 50/100 = <u>0.5</u> bushels of wheat
country A's opportunity cost of producing 1 bushel of wheat = 100/50 = 2 bushels of corn

country B's opportunity cost of producing 1 bushel of corn = 35/50 = 0.7 bushels of wheat
country B's opportunity cost of producing 1 bushel of wheat = 50/35 = <u>1.43</u> bushels of corn

Even though country A has an absolute advantage in the production of corn and wheat, it will benefit from trade only if it specializes in the production of corn and imports wheat. On the other hand, country B will benefit from trade if it specializes in the production of wheat and imports corn.

7 0

3 years ago

M-commerce is defined as any electronic transaction or information interaction conducted using a wireless, mobile device and mob

NeTakaya

Answer:

The correct answer is True.

Explanation:

M-commerce is about electronic commerce using the mobile phone, either through a browser or an application as a means of purchase.

Although it is not as developed as e-commerce, it is growing significantly. You only need a web browser to be able to make the purchase on the same website as you would with a computer.

Within the m-commerce you can group the sale of products and services using tablets, not just mobile phones

7 0

3 years ago