Answer:
the holding period return is 3.77%
Explanation:
The computation of the holding period return is shown below:
Holding period return is
= (Income + (Selling price - Purchase price)) ÷ Purchase price
= ($3 + ($52 - $53)) ÷ 53
= 3.77%
Hence, the holding period return is 3.77%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Considering the available options, the coverage that makes the most sense to eliminate is the "<u>Collision</u><u> coverage, because their car is quite old and the </u><u>deductible</u><u> is relatively high."</u>
<h3>What is Insurance Premium?</h3>
The insurance premium is the money by an individual or company to insure some specific properties. Insurance premium usually covers healthcare, auto, home, and life insurance.
However, one of the ways to reduce the mount paid on insurance premiums is to <em><u>reduce coverage on older cars.</u></em>
It is believed that if the car is worth less than 10 times the premium, paying for the coverage is not cost-effective.
Hence, in this case, it is concluded that the correct answer is option A. <u>"</u><u>Collision</u><u> coverage because their car is quite old and the </u><u>deductible</u><u> is relatively </u><u>high</u><u>."</u>
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Learn more about Insurance premiums here: brainly.com/question/24441770
Answer: C. $150,000 credit
Explanation:
In the financial statements for year 2, it should be noted that the year 1 retained earnings balance, should be adjusted by $150,000 credit.
The corrections of errors should be treated as the period adjustments before. In this case, the $150,000 overstatement for the cost of goods that was sold in the previous year, will then be credited to the beginning balance of the retained earnings.
Therefore, the correct option is C.
Answer:
A) send an acknowledgment that the order has been received.
Explanation:
Under UCC rules, contracts for the sale of products or services worth $500 or more have to be in writing and signed. Instead of a signed contract, a company can accept a written offer (e.g. by email), but it should send a written acknowledgment that the order has been received and accepted (or rejected). This way, both parties have a duty to perform.