Answer:
Insurance $4,800 (debit)
prepaid insurance $4,800 (credit)
Explanation:
In order to find out adjusting entries. firstly, we need to calculate the difference between prepaid insurance account and Insurance account.
That could be done by subtracting $3,550 from $8,350.
Difference = 8350-3550= 4800
Answer:
The correct answer would be, Stereotyping is the likely basis for Adam's decision.
Explanation:
Adam is a young adult of age 25. He is a successful manager in a technology firm. He is asked to hire a team of IT specialists. When reviewing the stack of applications for the desired post, he notices only one candidate who has an experience of over 20 years. He realizes that this person is almost the age of his father. And because he considers his father's IT and other learning skills as slow and outdated, he applies the same thinking and concept to that person and decides not to interview that person, just on the basis of his age and his thinking about old people. His thinking that old people are slow in learning and are not aware of the new IT trends and are outdated is called as Stereotyping, which means the image of someone or something based upon some own's assumption.
Answer:
1. Commercial banks
2. Life insurance companies
3. Mutual funds
Explanation:
commercial banks
The commercial bank is a financial institution that accepts deposits and offer other services such as giving loans and other basic financial services to both individuals and organisations.
Life insurance companies
The life insurance companies are financial institutions that provide lump sums otherwise known as death benefits to beneficiaries of their policy holders upon their demise, provided that premium is paid on regular basis.
Mutual fund
A Mutual Fund is an investment vehicle made up of a pool of funds collected from numerous investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. Mutual Funds are operated by professional fund managers, who invest the fund's capital and attempt to produce capital gains and income for the investors.
One of the main advantages of Mutual Funds is they give small investors access to professionally managed, diversified portfolios of equities, bonds and other securities. Each shareholder, therefore, participates proportionally in the gain or loss of the fund.
Answer:
The correct answer is letter "D": They give a guaranteed rate of return.
Explanation:
Certificates of Deposit (CD) are investment vehicles that individuals can purchase with the condition of not withdrawing the money pooled after an agreed period so they can obtain the returns of the investment with a higher interest rate.
U.S. bonds, Treasury Bonds or T-bonds are investment vehicles issued by the U.S. government that offers repayment to the principal plus interest after maturity which tends to be from 10 to 30 years.
<em>Both CD and T-bonds offer a rate of return after a specific period agreed with the investment issuer. That return is guaranteed compared to other riskier investments like stocks.</em>
Answer:
b. 16% defectives
Explanation:
Let the number of units shipped be N
Let the defect rate be y%
Cost of replacing defectives once shipped = (y/100)×N× 2.5 ........equation (1)
Cost of 100% inspection = N × 0.4 .........equation (2)
At the indifference point, both costs, that is the replacement cost and inspection cost are equal. Therefore, we make both equations (1) and (2) equal.
N × 0.4 = (y/100)×N× 2.5
100 × 0.4 = y ×2.5
y = 40/2.5 = 16
She is indifferent at 16% defectives
