geese company utilizes the dollar-value lifo retail inventory method. its cost-to-retail percentage is 60% based on beginning inventory and 64% based on current-period purchases. the company determined that beginning inventory at retail was $200,000 and that ending inventory at current-year retail prices was $250,000. the current-year price index is

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Answer 1

The current-year price index is $152000.

Why do companies enter into purchase commitment agreements?

Companies enter into purchase agreements to secure a specific price and, in some cases, the supplier's capacity. This can be used as a defensive tool to prevent competitors from using your production capacity. Commitments can cover orders placed over an extended period of time (known as bulk orders), or they can apply to a single purchase only. Commitments are generally made according to a fixed price or a sliding price scale, depending on the number of units purchased. Any promise to purchase shall be deemed binding on both parties and may be used by either party as a basis for litigation. Litigation is most likely to occur when the price agreed between the parties deviates from the market price over time, putting one party at a disadvantage and wishing to terminate the contract. Legal disputes are especially likely if one party anticipates a price disadvantage over an extended period of time.

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Related Questions

from the perspective of a bank, the objectives of and are at odds with one another. a. liquidity; profitability b. profitability; cost minimization c. accepting deposits; providing loans d. asset liquidity; holding of bank reserves

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From the perspective of a bank, the objectives of (A) liquidity and profitability are at odds with one another.

What are banks?A bank is a type of financial entity that lends money while both taking deposits from the general public and generating demand deposits. The bank may engage in lending activities directly or indirectly through the capital markets.Because banks are crucial to the financial stability and economic health of a nation, they are subject to intense regulation in most jurisdictions. The majority of nations have institutionalized the fractional reserve banking system, in which banks keep liquid assets that are only partially equivalent to their current liabilities. The goals of liquidity and profitability are incompatible from a bank's point of view.

Therefore, from the perspective of a bank, the objectives of (A) liquidity and profitability are at odds with one another.

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joaquin is an appraiser. what purpose do joaquin and other appraisers serve?

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Joaquin and other appraisers serve to determine a property's value.

A broker fee opinion, normally known as a BPO, is an actual estate expert's opinion of a belongings' cost. BPOs are most usually used when putting the list rate of assets, just like a comparative market analysis, and in the case of a foreclosure or brief sale.

Appraiser Independence necessities (AIR) are fixed of standards designed to replace the house Valuation Code of conduct (HVCC). The principle goal become to maintain the intent of HVCC even as persevering to enhance safety for loan investors, creditors, real property brokers, domestic buyers, and the general housing enterprise.

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what is the tool used to reduce the number of bidders on a public project and to increase the quality of the contractor pool?

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The tool used to limit the number of contractors bidding on a public project is the requirement for a prequaliﬁcation statement.

What is a prequalification statement?In order to respond to a request for bids for a design-build contract, a bidder must first be prequalified by the contracting unit.Prequalification is the process of assessing potential bidders to see if they possess the knowledge, integrity, and financial resources required to faithfully carry out a construction or repair contract.A Constructor's past projects, experience, ongoing projects, organizational structure, bonding capacity, safety program, and people are all covered in the qualifications.Potential Constructors have the chance to build a rapport with the Owner through this contract form. The way of acquiring building works that is still most frequently utilized is traditional procurement.It consists of a three-way contract between a client, consultants, and contractor.Traditionally, design and construction are separated during the procurement process.

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Monopolistic markets and their high prices and profits violate capitalist justice because the seller charges more than the goods are worth. Thus, the prices the buyer must pay are unjust. True or False

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"Monopolistic markets and their high prices and profits violate capitalist justice because the seller charges more than the goods are worth. Thus, the prices the buyer must pay are unjust." This statement is True.

Monopolistic competition is a type of competition in which many producers compete with each other but sell different products and therefore are not perfect substitutes.

To have or gain complete control over anything, especially in the business sphere. To prevent others from having a share, she did not feel that the fine was a sufficient deterrent against monopoly practices by large producers. The company has been accused of monopoly conduct. see. monopoly. Monopolistic competition exists between monopoly and perfect competition and involves companies combining the elements of each and offering similar but not identical product offerings.

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If the market price is $10, how many widgets should this profit-maximizing firm produce?.

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16,000 widgets should be produced by this business to maximize profits if the market price is $10.

So answer is 16,000.

Just what is profit?

Profit is the amount of money you have after covering business expenses. Gross, operational, and net profits are the three basic categories of profit. The largest is gross profit. It displays the amount of money that was left over after paying for the sold goods and services. Following is operating profit. It demonstrates how much money is left over after running expenses like rent, power, phone bills, and occasionally workers are covered. The last is net profit. It displays your income after all expenses and taxes have been paid. Net profit is yours to keep.

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Are you planning to buy something next Black Friday?

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Black Friday is a special day after Thanksgiving and before Christmas, which is celebrated by shopping and big discounts. So I plan to buy books, school supplies, and clothes when black Friday comes.

Black Friday is only valid for 24 hours, or on celebration days only. On this day, shops usually open earlier, starting at midnight. Since 2005, this day has become the busiest day because almost all people in the United States shop at various centers around the world. Black Friday is celebrated every Friday in the 4th week of November, one day after Thanksgiving. In 2022, Black Friday falls on November 25, 2022

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Regarding the tax treatment of payments to securities holders, it is true that ________.

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Regarding the tax treatment of payments to securities holders, it is true that common stock dividends and preferred stock dividends are not tax-deductible; interest.

What do you mean by tax deductible interest?

Tax deductible interest can be defined as a borrowing expense that a taxpayer can claim on a state tax return in order to reduce taxable income. It lowers your taxable income and thus reduces your tax liability. It can be calculated by Mortgage Interest Deduction Calculator. It can be even applied on interest

home loans student loansinvestment property

Hence, Regarding the tax treatment of payments to securities holders, it is true that common stock dividends and preferred stock dividends are not tax-deductible; interest.

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what happens to cost of sales when trading stock is donated

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The cost basis of your shares may be impacted by stock dividends or non-dividend distributions, so keep track of them.

Do distributions of capital gains alter cost basis?

Some investors think that reinvesting dividends or capital gains, which involves using the money to buy more shares of the investment, counts as an increase in the return on their investment. But here's what actually takes place: The distribution is applied to your cost basis when it is reinvested.

Unlike gifting shares, inherited stock is not valued at its original cost basis, which is what tax accountants refer to as an asset's initial value. A stock's cost basis is raised to reflect the security's value on the date of death when it is inherited by a person.

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On average, how much time and money is spent per person resolving identity theft?.

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On an average, 60 hours and $1800 money is spent per person resolving the identity theft.

The act of obtaining another person's personal or financial information with the intent to employ it to perpetrate fraud, including such taking out unlawful transactions or purchases, is known as identity theft. Identity theft can be performed in a variety of ways, and the victims often face repercussions to their reputation, wealth, and credit. Identity theft is the deliberate use of another person's identity to acquire financial benefits, borrow money, as well as other benefits. It may also result in losses or downsides for other people. In particular, when they are wrongfully blamed for the perpetrator's conduct, the victim of identity theft may experience adverse consequences.

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Select all of the voter eligibility requirements put into place by states during the nineteenth and early twentieth centuries.
a. gender restrictions
b. literacy tests
c. racial restrictions
d. property ownership
e. ability to pay poll taxes

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Select all of the voter eligibility requirements put into place by states during the nineteenth and early twentieth centuries. d. property ownership

e. ability to pay poll taxes

Voting is a way for a collection, which include a assembly or an citizens, so that you can make a collective choice or specific an opinion generally following discussions, debates or election campaigns. Democracies elect holders of high workplaces through voting.

Residents of an area represented by way of an elected reputable are referred to as "components", and people components who forged a ballot for their selected candidate are known as "voters".

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how much authority and span of control should we give our local managers in each country facility

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We delegate authority and jurisdiction to our regional managers in each nation Facility organizing.

The division of work and assignment of decision-making authority to a person who answers to a leader or manager is referred to as delegation of authority. It is an organizational technique in which a management assigns each employee a portion of their own workload.

You can't—and shouldn't—do everything yourself as a leader, therefore delegation is crucial. Your staff will be more empowered by delegation, and it will also foster trust and professional growth. Additionally, it teaches leaders how to choose those who are most qualified to take on particular jobs or projects.

Giving people the reins on decision-making encourages their capacity development and increases their sense of worth to the company.

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The common attributes of the group of stakeholder that are the basis for an effective coalition of support for the project are: power, legitimacy, as well as urgency.

What does successful stakeholder involvement entail?

Understanding your problems and industry best practices can help projects take shape through stakeholder involvement. It is more probable that your stakeholders will support you if you involve them in your business if you understand them, know how to communicate with them, and do it early. They will believe they have contributed and participated.

Therefore, Three stakeholder characteristics—power, urgency, and proximity—as well as four stakeholder behavior categories—cooperative potential, competitive threat, opposite position, and neutral attitude—are all thought to be significant by practitioners when handling stakeholder claims, according to empirical studies.

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Research has shown that if you invest in which of the following activities, you will end up with an attitude of continuous and constant improvement.
a. Create Value for the customer
b. Assure quality at the source
c. Stick to the rules
d. Look out for your own team
e. All of the above
f. Only a and b

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Research has shown that if you invest in which of the following activities, you will end up with an attitude of continuous and constant improvement. f. Only a and b

Research is "creative and systematic work undertaken to growth the inventory of expertise". It involves the impartial collection, business enterprise and evaluation of records to increase understanding of a topic or difficulty. A studies assignment may be a diffusion on past paintings within the discipline

Research is a system of systematic inquiry that involves series of information; documentation of critical information; and evaluation and interpretation of that facts/data, according with appropriate methodologies set through unique professional fields and academic disciplines.

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hakim owns a beauty supply retail store that specializes in natural hair care products. which of the following is true regarding the role of retail operations in the united states economy?

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Is true regarding the role of retail operations in the united states economy A majority of retail operations are small businesses like Hakims.

A retail store is the activities, systems, and processes that enable the efficient operation of an online or physical store. Retail operations include: Supply chain management. cash transaction. Store layout (both online and in-store)

The importance of a retail store typically includes supply chain, cash operations, human resources management, inventory, store layout, promotions, pricing, and data management within the retail store. Includes sides. There are many things to balance, but getting it right can help retailers differentiate themselves.

So it's more important than ever for retailers to ensure that their stores are performing at their best. Retail business is a term used to describe all the activities that make a business work well.

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Which of the following occurs in the resource market:
a. businesses buy resources from households because they are necessary for producing goods and services
b. households own economic resources indirectly through their ownership of business corporations
c. households own economic resources directly as workers or entrepreneurs
d. households sell resources and businesses buy them

Answers

Households own economic resources indirectly through their ownership of business corporations occurs in the resource market. So, the correct answer is option b.

What is Resource market?

A resource market is a place where companies may go and buy the materials they need to make goods and provide services. Product markets, where finished goods and services are offered to customers, and financial markets, where financial assets are traded, can be distinguished from resource markets. A market for resources, also known as a factor market, is the term economists use to collectively refer to all the resources that companies use to lawfully obtain the inputs they require to carry out the production of goods and services. It is also known as the market for inputs. Labor, capital, and land are examples of factors of production that can be purchased on the concept or resource/factor markets. A market that offers businesses the resources they require is a crude definition of a resource market.

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Luc, a vehicle dealer, offers to sell mel a truck and trailer, which luc claims can haul a certain weight. He knows nothing about the capability of the truck, but it is not as he asserts. Mel buys the truck. On learning the truth, mel confronts luc, who says he was not trying to fool mel—he was only trying to make a sale. This is.

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Mel confronts Luc after knowing the truth about the capability of the truck as not a asset, and he claims he wasn't trying to trick her—just get a sale. "Fraudulent misrepresentation" is what this is.

What is meant by fraudulent misrepresentation?

Fraudulent misrepresentation is defined under business law as a statement that the defendant made negligently or knowing it to be untrue in order to persuade the other party to engage into a contract.

The other corporation may be sued for fraudulent misrepresentation if it later learns that a statement used to win their cooperation was untrue.The law therefore assumes that the statement was made in an effort to persuade the other party to enter into the contract.Giving someone the impression that an item is "just like new" when it is actually many years old and used-weary is a classic example of deception in contract terms.

For the given case-

Luc, a vehicle dealer, proposes to sale Mel a trailer and a truck that, according to Luc, can tow a particular amount of weight.

He has no knowledge of the truck's capabilities, but they are not what he claims. Mel purchases the pickup.

Mel confronts him after knowing the truth, and he claims he wasn't trying to trick her—just get a sale. This showed the Fraudulent misrepresentation.

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draiman guitars is offering 190,000 shares of stock in an ipo by a general cash offer. the offer price is $28 per share and the underwriter's spread is 8.5 percent. the administrative costs are $430,000. what are the net proceeds to the company?

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The net proceeds to the company are $4,437,800.

In a transaction involving the sale of an asset, the net proceeds are the sums received by the seller after deducting all charges and expenses from the gross proceeds (goods, property, or securities).

We have given in the question,

Number of shares of stock = 190,000

Offer price = $28

Administrative cost = $430,000

Underwriter spread percent = 8.5%

The computation of net proceeds to the company is shown below:-

Net proceeds = Number of shares of stock × Offer price × (1 - Underwriter spread percent) - Administrative cost

= 190,000 × $28 × (1- 0.085) - $430,000

= 190,000 × $28 × 0.915 - $430,000

= $4,867,800 - $430,000

= $4,437,800

Therefore, the net proceeds to the company are $4,437,800.

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Elements of a country's infrastructure that can contribute to factor conditions include:
- transportation
- rival suppliers
- buyer prefferences
- communication
- banking systems

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Elements of a country's infrastructure that can contribute to factor conditions include transportation, communication, and banking systems.

In class principle, the idea of an element, or a point, generalizes the more normal set-theoretic idea of a detail of a hard and fast to an item of any category. This idea frequently permits restating of definitions or residences of morphisms (inclusive of monomorphism or product) given through ordinary belongings in extra familiar terms, by using point out their relation to elements. Some very trendy theorems, along with Yoneda's lemma and the Mitchell embedding theorem, are of great application for this, by means of allowing one to paintings in a context wherein those translations are valid. This technique to class principle – especially the usage of the Yoneda lemma on this manner – is because of Grothendieck, and is often known as the method of the functor of points.

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the first thing you need to do is perform readiness assessments, which can help you understand the level of readiness within your organization. True or False

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To know and answer if the first thing you need to do is perform readiness assessments, which can help you understand if the level of readiness within your organization is true or false we need to learn a bit about Why Organizational Readiness Assessments are Important?

Are important because allows you to know if your team or company has the knowledge or resources to afford goals and challenges.

Very similar to an audit, the readiness assessment allows you to know the situation and environment before big changes or new projects.

In a Readiness Assessment the focus is aimed at:

Goals and objectivesExpectations and concernsIf the leader supports the projectResiliencyHow to minimize potential failureGovernance and decision makingOther critical needs

Smart leadership in an organization should use all this data to take management measures to sharpen teams and goals.

So we can say that is TRUE.

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your project team has identified some potential project risks, but in the process of creating a risk mitigation plan, more new risks emerge for each possible response, which frustrates the team. you are the project manager: how would you handle this situation?

Answers

A project risk is a hazard that could happen or not during the project.

What is project risk?Project risk is a potential issue that could come up during project management. Although it's impossible to account for every risk, planning for them in advance can prevent your project from failing. Contrary to what we typically associate with the word "risk," a project risk could either have a positive or negative impact on the progress of the project's goals.It could have a favorable or unfavorable impact on the project.A prospective risk is an uncontrollable unfavorable event that is likely to occur. These risks can take many different shapes and forms, such as terrorism, earthquakes, vandalism, storms, floods, and civil unrest. When such things happen, a project might stagnate or end.

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which of the following best describes a rational consumer? a.) purchases when the cost is greater than the additional benefit b.) wants to make choices that maximize utility c.) has limited wants and needs d.) uses infinite resources to maximize consumption

Answers

Rational consumers analyze costs and benefits when making decisions.

What is rational consumer?

When someone acts in their own self-interest and maximizes their utility in order to benefit the most from their purchases, this is seen as rational consumer behavior. As a result, all choices are motivated by self-interest.

What is an example of a reasonable consumer?

The decision between two cars is an illustration of a sensible customer. Because Car B is less expensive than Car A, the consumer chooses to buy it. Even though the rational choice theory is clear-cut and logical, it frequently conflicts with actual events.

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maximizing the level of output for a given total cost of production group of answer choices is equivalent to minimizing cost for a given level of output. is equivalent to producing the profit maximizing output level. will maximize total revenue. necessitates using only relatively low-priced inputs.

Answers

Maximizing the level of output for a given total cost of production is equivalent to minimizing cost for a given level of output. The Option A is correct.

What is a Cost maximization for a Given Output?

In Economics, the theory of production stipulates that when the profit maximization firm is in equilibrium when, given the cost- price function, it maximizes its profits on the basis of the least cost combination of factors.

Because of this, the firm will choose that combination which minimizes its cost of production for a given output, therefore, his will be the optimal combination for it.

Answers

response (d) will be accurate.

The entire taxable amount will be $7000.

The IRS says "Any disability-related benefit received will only be fully taxed if Employee pays the entire premium for such a policy using pre-tax funds."

Here, the premium amount was paid by the employee herself and is presumed to have been paid with pre-tax money, making it fully taxable at $6500.

For example, a $500 sick pay from the welfare fund is considered earned income and is therefore completely taxable.

the entire amount that is taxable = 500+6500 = $7000.

Therefore, the taxable amount is $7,000

Therefore, the correct response is "D."

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COMPLETE QUESTION:

Shirley received $500 monthly sick pay under a welfare fund and $6,500 monthly under a disability insurance policy offered by her employer on which she paid the premiums. How much, if any, of the $7,000 monthly benefits would be taxable to her?

A) $0.00

B) $500.00

C) $6,500.00

D) $7,000.00

greene corporation does not recognize unrealized holding gains and losses for its bond investments. if the company is properly applying u.s. gaap, its investment must be classified as

Answers

For its bond investments, Greene Corporation does not account for unrealized holding losses and gains. If the business is following U.S. GAAP correctly, the investment must be categorised as held-to-maturity.

What is investment?
A purchase made with the intention of generating income and capital growth is known as an investment. Appreciation is the term for an asset's value rising over time. When a person invests in a good, they do not intend to use it as a source of immediate consumption, but rather as a tool for future wealth creation. An investment always involves the expenditure of some resource presently, effort, money, or a resource the anticipation of a future return greater than the initial investment. For instance, an investor might buy a financial asset right away with the hope that it will generate income later on or that it can be sold for a profit at a higher price.

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if cheri buys a zero coupon bond at $5000 and the face value amount is stated as $10,000, how much will she receive when the bond matures in 10 years?

Answers

She will receive $10000 when the bond matures in 10 years.

Considering the values given in the question,

Price of zero coupon bond = $5000

Face value amount = $10000

When zero coupon bond matures , the bond holder will get an amount equal to the face value of the bond.

So at the time of maturity, she receives amount equal to $10000.

Therefore, In ten years, when the bond matures, she will earn $10000.

An accrual bond, also known as a zero-coupon bond, is a financial instrument that doesn't pay interest but trades at a significant discount, making money when it matures and is redeemed for its full face value.

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true or false, creating a risk assessment worksheet is associated with time critical risk management (tcrm

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False, Creating a risk assessment worksheet is not associated with time-critical risk management (TCRM).

Time-critical risk management is one of three levels of ORM (Operational Risk management) a technique of using all the available resources effectively with the limited time and resources by the management crew in order to complete the mission or task safely using risk management concepts and learning. This management works when no or little time is there to make a plan for managing risks and also for creating a risk assessment worksheet and the crew is trained to assess and control hazardous and risky tasks within the time limits.

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if a bank has $200 000 of checkable deposits and a required resrve ratio of 20 percent. the bank currently holds 160,000 in reserves. how much of these reserves are excess reserves

Answers

$120,000 reserves are excess reserves.

Excess reserves: what are they?

Capital reserves stored in excess of what is required by regulators, creditors, or internal controls are known as excess reserves by a bank or financial institution. Excess reserves for commercial banks are compared to standard reserve requirement amounts established by central banking regulators.

The total amount of a bank's deposit that is not disbursed as loans is known as reserves.

There are two categories of necessary reserves.

surplus reserves

The amount of deposits that banks must hold as needed reserves is determined by the central bank.

Deposits x Reserve Requirement = Required Reserves

0.2 x $200,000 = $40000

The discrepancy between reserves and necessary reserves is known as excess reserves.

$160,000 - 40000= $120000.

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select the fundamental ideas that make the insurance industry possible. protection from loss will not encourage insured parties to take unnecessary risks. risk is something difficult to assess, but some agents become experts on it. diversification can lower the risk of a total loss. some wealthy individuals are risk-loving. it is possible to transfer risk from one party to another in a mutually beneficial arrangement. insurance companies, unlike people, are completely risk-neutral. lloyd's of london connected which two parties? the more risk-averse with the less risk-averse shipowners with ship crews merchants with shipowners merchants with other merchants merchants with investors

Answers

The underlying concepts that enable the insurance sector are:

Protection from loss will not encourage insured parties to take unnecessary risks. Diversification can lower the risk of a total loss.What are defined as the fundamental ideas of insurance industry?

Companies that provide risk management through insurance contracts make up the insurance industry.

The fundamental idea behind insurance seems to be that one party—the insurer—will make a financial commitment to cover a future catastrophe that is uncertain. In the meantime, another party—the insured or policyholder—pays the insurer a lower premium in compensation for that security against that hazy future event.The sector's main offering is insurance plans. Annuities for retirees and a variety of corporate pension schemes have, however, been introduced in recent decades. As a result, when offering these kinds of products, insurance companies are in direct rivalry with these other financial asset suppliers.

Thus, the correct options are-

Protection from loss will not encourage insured parties to take unnecessary risks. Diversification can lower the risk of a total loss.

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the objective of corporate analysis is to identify the organization s resources, any limitations or constraints, its goals, and how it values shape the way it does business.

Answers

This statement is true.

Each company's ability to successfully position itself in the fiercely competitive market must include a corporate analysis as a critical component.

A realistic examination of the company's strengths, flaws, opportunities, and potential hazards serves as the foundation for assessing its future.

The corporate analysis makes it possible to evaluate every aspect of the business, giving a detailed picture of the situation. We thoroughly identify and analyse the opportunities, threats, vulnerabilities, and strengths.

By ensuring that all necessary measures are done when establishing strategic plans for marketing, controlling, production, purchasing and procurement, human resources planning, and management, the corporate analysis fulfills its function.

Any deviations from the original plan should be able to be discovered and rectified thanks to the targets and the ongoing oversight of all corporate activities.

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David left $300 in an account that earns 5% interest on
the money he originally deposited. When he collected his
interest, he had earned $60 in interest. How long did he
leave the money in the account?

Answers

The amount of time that David did not touch the funds in the account is equal to four years.

Can you explain the concept of earned interest?

A person who invests a certain sum of money for a predetermined length of time is entitled to receive a predetermined amount of money on a regular basis as interest on that investment.

The initial investment is equal to $300 (p).

The time, or T, equals X.

The rate of interest yield, denoted by (R), is equal to 5%.

$ 60 is equivalent to simple interest (SI).

Applying the calculation method;

SI = P×T×R/100

Transform T into the focus of the formula;

T = SI×100/P*R

T= 60×100/300×5

T= 6000/1500

T equals four years.