High <u>debt to owner's equity ratio. </u>
This is total liabilities divided by total assets and shows a company's financial leverage, also known as their ability to handle current and future financial obligations.
Answer:
Statement A
Explanation:
The 2 statements are:
A: The firm Delta Insurers typically affirms claims within 120 days after it receives proof of loss statements
B: The firm Delta Insurers typically denies claims within 120 days after it receives proof of loss statements
The explanation for this is:
- The company is an insurance company
- An insurance company holds funds for their customers; to be released when the customer is less privileged or in a bad situation, depending on the type of insurance made
- There is car insurance, house insurance, life assurance, etcetera.
- So if the insurance company receives proof of loss statements from the customer, it will release funds to solve the customer's dire need
- In this case, it takes 120 days to verify, process and then agree (affirm) to release funds (claims) to the affected customer.
So the answer is Statement A.
Answer:
0.0042 is the probability of the stick's weight being 2.33 oz or greater.
Explanation:
We are given the following information in the question:
Mean, μ = 1.75 oz
Standard Deviation, σ = 0.22 oz
We are given that the distribution of drumsticks is a bell shaped distribution that is a normal distribution.
Formula:
P(stick's weight being 2.33 oz or greater)
P(x > 2.33)
Calculation the value from standard normal z table, we have,
0.0042 is the probability of the stick's weight being 2.33 oz or greater.
Answer:
$687,000
Explanation:
Intangible Assets are identifiable assets of a non-monetary asset and without physical substance. Intangible assets include trademarks, copyrights and goodwill that is acquired.
Important to note that Internally generated Goodwill is not defined as an assets. Thus, deposits with advertising agency of $35,000 are not included within tangible assets
<u>Calculation of Total Intangible Assets will be :</u>
Intangible Assets Calculation = (Copyrights) $ 58,000 + (Goodwill Acquired) $560,000 + (Trademarks) $69,000
= $687,000
Therefore,
Sandhill's balance sheet as of December 31, 2021 should report total intangible assets of $687,000
the board of governors of the federal reserve system
