Answer:
i can help but pic not readble
Explanation:
The income statement is prepared first. The income statement i<span>s a financial statement
that reports the company's financial performance (profit and loss) over a specific
accounting period. It describes how the business incurs its revenues and expenses, and it is also referred as </span>profit and loss statement (P&L). With help of this report management knows if the business made money during the period reported.
Answer:
Moral Hazard
Explanation:
Moral hazard is a situation which involves two parties, one party gets involved in a risky event because he knows that it is protected against the risk and that the other party will bear the cost and consequences of his actions if there be any loss. It arises when both the parties have incomplete information about each other.
In the financial market, there is high risk that a borrower may do undesirable things and may not pay back if he knows that when he defaults, his guarantor might will pay. This can make him to act with reckless abandon and in a riskier way.
Because Hamon in the Question got insurance that is worth twice his restaurant, he became careless in the management of his restaurant because he believes that if there be any loss, insurance will pay. This is called Moral Hazard in Business.
<span>If the comp sold for $199,000 but includes a $3000 porch and the subject has no porch, then we subtract the value of the porch to yield a base for the comparable of $196,000. Then, since the comparable has no pool or chimney, we add these values - $8,000 and $2,000, respectively - to that base value to yield an adjusted value of $196,000 + $8,000 + $2,000 = $206,000.</span>
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