Homework Answers
As per rules I am answering the first 4 sub parts of the question
25: True
Insurance is compensation for probable loss in return for a fee known as premium.
26: True
This is a major defect which increases the risk of a fire in the house.
27: True
Peril is a risk of loss for example falling objects, thunder,fire, etc. Robbery is another peril which may cause losses.
28: True
Risk management involves identifying the risk, analyzing it, evaluating/ranking the risk, treating and monitoring the risk as some steps. Thereby it is a well laid plan for reducing the risks involved.
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TRUE/FALSE. Write T if the statement is true and if the statement is false. 25) Insurance...
TRUE FALSE Write T if the statement is true and F if the statement is false...
TRUE FALSE Write T if the statement is true and F if the statement is false 33) Long-term debt is a liability that is payable beyond one year from the date of the financial statements. 33) 34) The basic component of paid-in capital is common stock. 34) 35) Accounting is often called the language of business. 35) 36) If a company performs services an account, the revenue is not eamed until the cash is collected. 37) The amount of prepaid...
38) - JULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the...
38) - JULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the quest 38) An individual who purchases an insurance policy is called A) The insurance company. B) A policyholder. C) A victim. D) An employer. E) An insurer. 39) 39) What is the fee that a policyholder pays when an insurance company agrees to take on the risk? A) Coverage B) Insured C) Peril D) Risk E) Premium 40) 40) The most common risks are...
TRUE/FALSE, Write T if the statement is true and 'F' if the statement is false. 1)...
TRUE/FALSE, Write T if the statement is true and 'F' if the statement is false. 1) The Real Estate Settlement Procedures Act (RESPA) requires that loan applicants be given an estimate of the closing costs after the actual closing. 1) - 2) A disadvantage of home ownership is the deductibility of mortgage interest and real estate tax payments. 2) 3) When interest rates are high and the demand for homes is low, prices of homes will likely be higher 4)...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a covered peril. This is an example of: an aggregate dollar limit an open perils dollar limit C. a specific dollar limit a mixed dollar limit none of the above e. You purchase an annuity for which you will make one payment of $15,000 on your 50 birthday. The annuity will start paying you $400 a month on your 67" birthday until you die. What...
Unfortunately this is my second time uploading this because instructions were not read properly. I need...
Unfortunately this is my second time uploading this because
instructions were not read properly. I need full excel formulas for
each answer. for example: PV(.085,5000,8,1000.0) this is required
for each answer. There are 6 in this one multi part question. Thank
you...
We were unable to transcribe this imageExcel File Edit View Insert Format Tools Data Window Hel 0书20% Tue 11:31 PM a 385excel project.xlsx fou A 100% QSearch in Sheet A Home Layout Tables Charts SmartArt Formulas Data Review...
Complete the Budgeted Income Statements below based on the information given - Check figures are given...
Complete the Budgeted Income Statements below based on the
information given - Check figures are given below
6 7 Check figures are: January Budgeted Gross Margin = $62,650; February Budgeted 8 Operating Income = $23,442; March Budgeted Net Income = $13,353. 9 10 Solution: Get Laughy Taffy, Inc. BUDGETED INCOME STATEMENTS For the Month Ending, Jan 31, 2020 Feb 29, 2020 Mar 31, 2020 16 Sales 17 Cost of Sales 18 Gross Margin 20 Other Operating Expenses 21 Commission Expense...
INSTRUCTIONS: Based on the information available below, complete the Cash Budget, Income Statement, and Budgeted Balance...
INSTRUCTIONS:
Based on the information available below, complete the
Cash Budget, Income Statement, and Budgeted Balance Sheet
worksheet
4 A relatively new company, Get Laughy Taffy, Inc., has determined they need to engage in a budgeting 5 process as part of their new strategic plan. The Company has asked you to provide the following items 6 for the months of January, February, and March of 2020: A) a Purchases Budget; B) a Cash Budget; C) a 7 Budgeted Income Statement;...
TRUE OR FALSE/ MULTIPLE CHOICE and word response questions. C. a more permanent government involvement in the ba...
TRUE OR FALSE/ MULTIPLE CHOICE and word response
questions.
C. a more permanent government involvement in the banking system, even creating a pational banking system that owns and operates most of the global and regional banks. Deshort-term increases in government spending to stimulate the economy. 20. When describing the state of the U.S. economy, reporters often refer to the nation's GDP, its unemployment rate, and the CPI. Explain what each of these terms means and why each measure is significant....
G 5 6 Check figures are: January Budgeted Purchase for Next Month Sales = $118,365; March...
G 5 6 Check figures are: January Budgeted Purchase for Next Month Sales = $118,365; March Inventory Needed to be 7 Available during Current Month = $176,878. 8 Get Laughy Taffy, Inc. PURCHASES BUDGET 11 PLANNING FOR 2020 12 13 Solution: Actual Budgeted Budgeted Budgeted Dec 2019 January February March 15 Desired Ending Inventory Balance for Current Month $ 72,137 16 Current Month's Cost of Sales 172,900 17 Inventory Needed to be Available during Current Month 245,037 18 Less: Beginning...
Janice Morgan, age 24, is single and has no dependents. She is a freelance writer. In...
Janice Morgan, age 24, is single and has no dependents. She is a
freelance writer. In January 2018, Janice opened her own office
located at 2751 Waldham Road, Pleasant Hill, NM 88135. She called
her business Writers Anonymous. Janice is a cash basis taxpayer.
She lives at 132 Stone Avenue, Pleasant Hill, NM 88135. Her Social
Security number is 123-45-6789. Janice’s parents continue to
provide health insurance for her under their policy. Janice wants
to contribute to the Presidential Election...
TRUE FALSE Write T if the statement is true and F if the statement is false 33) Long-term debt is a liability that is payable beyond one year from the date of the financial statements. 33) 34) The basic component of paid-in capital is common stock. 34) 35) Accounting is often called the language of business. 35) 36) If a company performs services an account, the revenue is not eamed until the cash is collected. 37) The amount of prepaid...
38) - JULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the quest 38) An individual who purchases an insurance policy is called A) The insurance company. B) A policyholder. C) A victim. D) An employer. E) An insurer. 39) 39) What is the fee that a policyholder pays when an insurance company agrees to take on the risk? A) Coverage B) Insured C) Peril D) Risk E) Premium 40) 40) The most common risks are...
TRUE/FALSE, Write T if the statement is true and 'F' if the statement is false. 1) The Real Estate Settlement Procedures Act (RESPA) requires that loan applicants be given an estimate of the closing costs after the actual closing. 1) - 2) A disadvantage of home ownership is the deductibility of mortgage interest and real estate tax payments. 2) 3) When interest rates are high and the demand for homes is low, prices of homes will likely be higher 4)...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a covered peril. This is an example of: an aggregate dollar limit an open perils dollar limit C. a specific dollar limit a mixed dollar limit none of the above e. You purchase an annuity for which you will make one payment of $15,000 on your 50 birthday. The annuity will start paying you $400 a month on your 67" birthday until you die. What...
Unfortunately this is my second time uploading this because
instructions were not read properly. I need full excel formulas for
each answer. for example: PV(.085,5000,8,1000.0) this is required
for each answer. There are 6 in this one multi part question. Thank
you...
We were unable to transcribe this imageExcel File Edit View Insert Format Tools Data Window Hel 0书20% Tue 11:31 PM a 385excel project.xlsx fou A 100% QSearch in Sheet A Home Layout Tables Charts SmartArt Formulas Data Review...
Complete the Budgeted Income Statements below based on the
information given - Check figures are given below
6 7 Check figures are: January Budgeted Gross Margin = $62,650; February Budgeted 8 Operating Income = $23,442; March Budgeted Net Income = $13,353. 9 10 Solution: Get Laughy Taffy, Inc. BUDGETED INCOME STATEMENTS For the Month Ending, Jan 31, 2020 Feb 29, 2020 Mar 31, 2020 16 Sales 17 Cost of Sales 18 Gross Margin 20 Other Operating Expenses 21 Commission Expense...
INSTRUCTIONS:
Based on the information available below, complete the
Cash Budget, Income Statement, and Budgeted Balance Sheet
worksheet
4 A relatively new company, Get Laughy Taffy, Inc., has determined they need to engage in a budgeting 5 process as part of their new strategic plan. The Company has asked you to provide the following items 6 for the months of January, February, and March of 2020: A) a Purchases Budget; B) a Cash Budget; C) a 7 Budgeted Income Statement;...
TRUE OR FALSE/ MULTIPLE CHOICE and word response
questions.
C. a more permanent government involvement in the banking system, even creating a pational banking system that owns and operates most of the global and regional banks. Deshort-term increases in government spending to stimulate the economy. 20. When describing the state of the U.S. economy, reporters often refer to the nation's GDP, its unemployment rate, and the CPI. Explain what each of these terms means and why each measure is significant....
G 5 6 Check figures are: January Budgeted Purchase for Next Month Sales = $118,365; March Inventory Needed to be 7 Available during Current Month = $176,878. 8 Get Laughy Taffy, Inc. PURCHASES BUDGET 11 PLANNING FOR 2020 12 13 Solution: Actual Budgeted Budgeted Budgeted Dec 2019 January February March 15 Desired Ending Inventory Balance for Current Month $ 72,137 16 Current Month's Cost of Sales 172,900 17 Inventory Needed to be Available during Current Month 245,037 18 Less: Beginning...
Janice Morgan, age 24, is single and has no dependents. She is a
freelance writer. In January 2018, Janice opened her own office
located at 2751 Waldham Road, Pleasant Hill, NM 88135. She called
her business Writers Anonymous. Janice is a cash basis taxpayer.
She lives at 132 Stone Avenue, Pleasant Hill, NM 88135. Her Social
Security number is 123-45-6789. Janice’s parents continue to
provide health insurance for her under their policy. Janice wants
to contribute to the Presidential Election...
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