The level of risk or responsibility that an individual or business has via the use of insurance services is known as insurance coverage.
The insurance policy, which establishes the claims that the insurer is legally obligated to pay, is a contract between the insurer and the policyholder. The insurer guarantees to reimburse losses brought on by risks covered by the policy wording in return for an upfront payment known as the premium.
Insurance seeks to lessen financial uncertainties and handle unexpected loss. This is accomplished by exchanging the payment of a modest, predetermined fee—an insurance premium—to a reputable insurer for the assumption of the risk of a significant loss and a guarantee to make payments in the case of such a loss.
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The question may be:
Awareness of the purposes of insurance coverage and how to best use the types of insurance available is called as ________________
Awareness of the purposes of insurance coverage and how to make the best use of the many types of insurance available is partly called risk Management.
Risk management is the identity, assessment, and prioritization of dangers (described in ISO 31000 because of the effect of uncertainty on targets) observed by coordinated and within the your-budget utility of resources to reduce, monitor, and control the probability or effect of unfortunate events or to maximize the realization of possibilities.
Dangers can come from diverse sources which include uncertainty in global markets, threats from task disasters (at any section in layout, improvement, manufacturing, or maintaining of lifestyles cycles), felony liabilities, credit risk, injuries, natural reasons, and screw-ups, planned attack from an adversary, or occasions of unsure or unpredictable root-reason. chance control standards were evolved via numerous institutions, such as the mission management Institute, the national Institute of requirements and era, actuarial societies, and ISO standards (first-rate management standards to help work extra efficaciously and reduce product failures).
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which of the following statements are true about the assets of a firm? multiple select question. accounts receivable are not assets because the cash has not yet been received by a firm. assets must be tangible to be recorded on the balance sheet of a firm. assets represent the amount of resources controlled by the firm. assets result from past transactions or events of the firm. assets are probable future economic benefits to the firm. the economic benefits associated with assets must be obtained or controlled by the firm.
The following statements are true about the assets of a firm
- the economic benefits associated with assets must be obtained or controlled by the firm- assets are probable future economic benefits to the firm- assets represent the amount of resources controlled by the firm- assets result from past transactions or events of the firmWhat is an asset?A company's balance sheet contains a list of its assets. They are divided into four categories: present, fixed, financial, and tangible.
They are acquired or produced in an effort to raise a company's value or improve its operations.
Assets that a company plans to use to generate revenue and believes will be useful for more than a year are capital assets, which are tangible and frequently illiquid assets.
An asset is a thing from which the economic owner has benefited in the past and is still benefiting in the present, or from which the economic owner can benefit in the future accounting periods by holding or using the thing over time.
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the world trade organization, the international monetary fund and its sister institution the world bank, and the united nations were all created by voluntary agreement between individual nation-states. group of answer choices true false
The world trade organization, the international monetary fund and its sister institution the world bank, and the united nations were all created by voluntary agreement between individual nation-states is true.
The World Trade Organization, the International Monetary Fund, the World Bank, and the United Nations were all established via voluntary agreements between separate nation-states. These sister organizations were all created via voluntary agreement between several nations. They all serve distinct purposes for the member nations, but they are all concerned with the welfare and security of every member state within their particular authority. The World Bank Group works with developing nations to eliminate poverty and create shared prosperity, whereas the International Monetary Fund helps to stabilize the international monetary system and operates as a currency watchdog. The World Bank Group offers governments with money, policy advice, and technical help, as well as working to enhance the private sector in developing nations. The IMF monitors the global and national economies, loans to nations experiencing balance-of-payments challenges, and provides practical assistance to members.
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(e) a farmer wanting to decrease the ecological footprint of the operation decides to shift from growing soybeans with traditional tillage to no-till methods. explain how this change in business practice will affect the ecological footprint of the farm.
Polyculture crops will work together to balance the soil's nutrients. Some crops add nitrogen to the soil while others remove nitrogen from the soil. This means the farmer won't need to use as much fertiliser on the land, lowering the environmental impact.
Polyculture is a farming system that involves growing multiple crops in the same field, rather than a single crop. This method of farming can have a number of benefits, including:
BiodiversityIncreased yieldsReduced inputsResilienceEconomic benefitsYou can learn more about Polyculture crops at
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which type of skills refers to the abilities of managers to visualize the most appropriate response to a situation?
Diagnostic skills refers to the abilities of managers to visualize the most appropriate response to a situation .
The capacity of an individual to recognise and define a specific issue is referred to as diagnostic skills. Through formal instruction, practise, and experimenting, these abilities are developed. These abilities aid in forming and enhancing the patient-health care provider relationship, which is positively connected with greater patient satisfaction and better health outcomes. The individual clinician can pursue feedback, deliberate practise, and metacognition as at least three separate strategies to enhance diagnostic performance. Detail-orientedness, self-awareness, respect for others' viewpoints, and a tendency to base decisions more on facts are a few examples of diagnostic abilities. The improvement of diagnostic abilities is a crucial and historically important driving force in medical education. What has been at the centre of medical education is teaching future doctors how to think critically and make an accurate diagnosis, in addition to teaching them procedural skills.
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the surf shop owner receives notice that the property value has increased by $20,000. what is the net worth of the surf shop?
Using the information you supplied, I am unable to estimate the surf shop's net worth. There is insufficient detail concerning the shop's assets, obligations, or revenue in the notice of an increase in property value. A company's net worth is not exclusively based on the worth of its assets, as well.
What is net worth?The holdings less liabilities of a person or an entity are referred to as their personal fortune in financial terms. In other words, it is a measure of how well a person's or business's finances work with their hardware. It is calculated by totaling all of a person's or business's assets (such as cash, investments, and property) and then subtracting all of their liabilities (such as loans, credit card debt, and mortgages). The market value is what transpires as a result.
A person's assets can be used to track their advancement over time and as a powerful predictor of their overall money woes. It can serve as an effective gauge of a company's financial stability and capacity for generating income. Personal fortune is a number that lenders, dealers, and other parties use to gauge a company's or a person's liquidity position and prestige.
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cheng and luli are planning a family vacation. because he has to ask for time off work, cheng selects the week they will travel. luli however decides their travel destination, what activities they will participate in while on vacation, and also books the airline and hotel rooms. this exemplifies which decision-making process?
The decision-making process for a low-involvement purchase is typically shortened. The buyer typically gathers very little information in these circumstances, if any, and any evaluation of alternatives is relatively straightforward.
Which of these psychological influences the decision-making process of consumers?
Perception, motives, learning, attitudes, personality, self-concept, and lifestyle are the primary psychological influences on consumer behavior.
Which two features are fundamental to the definition of culture?
In the past, a society's culture was defined as its symbols, language, beliefs, values, and artifacts. According to this definition, culture is made up of two fundamental components: artifacts (material objects) and ideas and symbols on the one hand.
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blankenship company has $88,000 in total assets, $32,000 in total liabilities, and a $16,800 credit balance in retained earnings. what is the balance in the contributed capital accounts?
The contributed capital account has a balance of 37400 The balance sheet is a company's financial report that details the assets, liabilities, and owner's equity for a specific accounting period.
The formula for the accounting equation is used to create the balance sheet. Equity and liabilities provide funding for assets. Equity is the financing attributable to the business's owners, while liabilities represent debts owed to other entities. The profit made during a particular accounting period is referred to as retained earnings, and they are reported in the equity section. These earnings can be used to pay dividends or invest in other projects.
37,400 The sum of all assets and liabilities is $86,000, and the balance of the retained earnings credit is $15,600.
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Fishing versus Boat Building. Half the members of a fishing tribe catch 2 fish per day and half catch 8 fish per day. A group of 10 members could build a boat for another tribe in 1 day and receive a payment of 45 fish for the boat. A. Suppose the boat builders are drawn at random from the tribe. From the tribe's perspective, what is the expected cost of building the boat? nothing fish. (Enter your response as an integer. ) b. Now supposing that members are selected based on opportunity cost, the minimum cost that the boat could be built for is nothing fish. (Enter your response as an integer. )
The answer is 55,30 in integer form.
What are the integers' rules?Rule 1: A positive integer as well as a negative integer cannot be added together. RULE 2: A positive number is the result of two positive integers. Rule three states that the total of two integer arithmetic is positive. Rule 1: A using and a negatives integer cannot be multiplied together.
How are integers divided?Remember that you may read "divided by" in the fraction bar. So 8/2 can be understood as "8 split by 2." Division of Two Integers Rule: Split the relative values of both numbers in order to divide them with the same sign. The ratio is favourable.
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Investor presentations of ________ provide an opportunity for discussions to take place regarding the continuing corporate performance on ________ value creation story and a ________ value creation plan.
Investor presentations of long-term plans provide an opportunity for discussions to take place regarding the continuing corporate performance on a long term value creation story and a long term value creation plan.
how to create a presentation that will attract investment?
Describe your team and yourself,
Put good design first,
Describe the differentiator for your business,
Describe your sales and advertising plan in brief,
Give a high-level summary of the finances.
Which four persuasive elements are there?
Slides and content. Words said by the presenter and their body language make up the presentation's content. One of the main instruments we utilize for presentations and communication in general is our bodies. Voice, authenticity, etc.
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d owes c a debt the amount of which is subject to a good faith dispute. the parties agree to settle the debt, with d promising to pay c $15,000 and c promising to release d on the $25,000 debt. the settlement agreement:
B owes C money, the amount of which is being disputed in good faith. The debt is settled, with D offering to pay C $15,000 and C committing to free D from the $25,000 obligation. Even though there is no consideration, the settlement agreement is legally enforceable under UCC section 2-209.
What exactly does UCC stand for?The Uniform Commercial Code (UCC), first published in 1952, is one of several Uniform Acts that have become law with the goal of harmonizing the laws of sales and other commercial transactions across the United States through UCC adoption by all 50 states, the District of Columbia, and the Territories of the United States. While mainly successful in meeting this ambitious aim, certain US jurisdictions have not embraced all of the UCC's articles, while others have not adopted any of the UCC's articles.
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which of the following is true of contingency factors? a. they provide labels to describe the internal characteristics of an organization. b. they create a basis for measuring and comparing organizations. c. they describe who reports to whom and the span of control for each manager. d. they describe the organizational setting that influences and shapes the structural dimensions.
They offer names for the traits that make up an organisation internally. d. They outline who reports to whom and each manager's area of authority.
What is does organisation mean?
the World Health Organization, a group of people who collaborate in an organised manner for a common goal. The topic of the piece was international aid agencies. extra instances Functional, departmental, and matrix are three types of organisations that characterise the organisational structures utilised by the majority of businesses today. Before selecting one of them to use for their firm, owners must weigh the benefits and drawbacks of each of these forms.
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if a consumer's income decreases and she now consumes less of good x and more of good y, then the consumer considers x and y to be what type of goods? multiple choice question. x is inferior; y is normal both x and y are normal both x and y are inferior x is normal; y is inferior
X is normal, Y is inferior good when the consumer's income falls, consumption of good x decreases, and good y increases.
In economics, when income increases or the economy improves, demand for inferior goods decreases. When this happens, consumers are more willing to pay for more expensive alternatives.Some of the reasons for this shift may be changes in quality or the socioeconomic status of consumers. .For example, if the demand for "jaggery" decreases with an increase in income, then "jaggery" is an inferior good.
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according to the theory of comparative advantage, a good should be produced where according to the theory of comparative advantage, a good should be produced where its opportunity costs are least. the cost of real resources used is least. production can occur with the greatest increase in employment. its explicit costs are least.
The capacity of an economy to produce a certain item or service at a lower opportunity cost than its trade counterparts is known as comparative advantage.
Comparative advantage, as it relates to international commerce, refers to the goods that a nation can manufacture more readily or at a lower cost than other nations. Even while this often shows the advantages of trade, some modern economists now recognise that relying solely on comparative advantages can lead to resource exploitation and depletion in a nation. Although it's more probable that James Mill, David Ricardo's mentor, developed the theory first, the law of comparative advantage is most often associated with English political economist David Ricardo and his book On the Principles of Political Economy and Taxation, published in 1817.
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in 1971, president richard nixon responded to mounting economic problems by select one: a. lowering interest rates to spur consumption. b. lowering corporate taxes to spur investment. c. sharply reducing the rate of inflation. d. expanding the money supply. e. imposing a ninety-day freeze on all wages and prices.
In 1971, president Richard Nixon responded to mounting economic problems by select one: imposing a ninety-day freeze on all wages and prices.
President Richard Nixon's activities in 1971 to end dollar convertibility to gold and execute wage/cost controls were expected to address the international predicament of an approaching gold run and the homegrown issue of expansion. The new financial approach denoted the start of the finish of the Bretton Woods international monetary system and briefly ended expansion.
The international monetary system after World War II was named the Bretton Woods system after the gathering of 44 nations in Bretton Woods, New Hampshire, in 1944. The nations consented to keep their monetary forms fixed (yet customizable in excellent circumstances) to the dollar, and the dollar was fixed to gold. Beginning around 1958, when the Bretton Woods system became functional, nations settled their international totals in dollars, and U.S. dollars were convertible to gold at a proper conversion scale of $35 an ounce.
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communist countries worked on the premise that government officials were in the best position to allocate the economy’s scarce resources. True/False ?
It is true that communist countries worked on the premise that government officials were in the best position to allocate the economy's scarce resources
What is economy's scarce resources?When there is a disconnect between the demand for a specific resource and its restricted supply, economic scarcity, also known as paucity, takes place. There will always be some degree of scarcity despite the fact that, in theory, human demands are limitless and there is a finite supply of material resources. When a natural resource is under scarcity, the stock of that resource is declining because there is a greater demand for it than there is room to meet that need. As prices rise and the resource becomes less cheap for those who are least well-off, this can result in unsustainable growth and a rise in inequality.Water, biodiversity and air, rare earth and metals, agriculture, waste management, processing power, youth, health and wellbeing, skills and education, and time are the resources that the research predicts will be most in short supply in the future.To learn more about economy's scarce resources refer to:
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henry has established a revocable living trust, which he has only partially funded. which of the following statements regarding this trust is correct? any assets that have been transferred to the trust before henry's death will be subject to probate. any income from the trust assets is taxable to the trust at trust income tax rates. any assets that are not transferred to the trust before henry's death will be subject to probate. a) ii only b) iii only c) i only d) ii and iii
A revocable trust ensures the continued management and preservation of your assets in the event that you die or become incapacitated, and it allows you to avoid a probate court proceeding after your death.
What is revocable trust?A revocable trust is a will substitute in that the title to the assets in the trust is transferred during the donor's lifetime even though the benefits of the assets are not enjoyed by the beneficiary until after the donor's death.A revocable trust ensures the continued management and preservation of your assets in the event that you die or become incapacitated, and it allows you to avoid a probate court proceeding after your death.Transferring assets to a revocable trust will not save you income or estate taxes. There is no asset protection. Although assets held in an irrevocable trust are generally beyond the reach of creditors, the same cannot be said for assets held in a revocable trust.To learn more about revocable trust refer to :
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Henry has established a revocable living trust, which he has only partially funded. Any assets that have been transferred to the trust before henry's death will be subject to probate. Hence, option (c) is correct.
Give a brief account on revocable trust.According to the preferences of the grantor or the person who created the trust, a revocable trust is one in which provisions may be changed or revoked. Income earned during the term of the trust is paid to the grantor, and property transfers to the trust's beneficiaries only after the grantor dies. Since it gives the living grantor flexibility and income, a revocable trust is beneficial (also called the trustor). When the trustor passes away, the estate will be distributed to the beneficiaries according to the trust's terms, which are subject to change. A revocable trust is a component of estate planning that controls the grantor's assets as the grantor aged. The property held by the trust is subject to estate taxes, and the grantor has the right to change or revoke it as they see fit. To manage the assets or property contained in the trust, a trustee may be appointed in accordance with the terms of the trust. The trustee is also responsible for allocating the resources to the beneficiaries. After the grantor's passing, the trust is still private but becomes irrevocable.
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if output grows by 42.6% over 4 years, what is the annualized (or annual) growth rate? write the answer in percent terms with up to two decimals
The annualized growth rate is 10.65%.The annualized growth rate is a way to measure the average rate of growth over a specific period of time, usually in terms of years.
It helps to compare the growth rate of different investments or financial products. To calculate the annualized growth rate, you first need to determine the total growth of an investment or product over a specific period of time, and then divide that number by the number of years.
Finally, you multiply the result by 100 to express it as a percentage. In this case, the output grew by 42.6% over 4 years, so to find the annualized growth rate, we divided 42.6 by 4, which equals 10.65%.
Therefore, the annualized growth rate is 10.65%.
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how much did the printer that came with the first univac system cost?
The UNIVAC I was originally priced at US$159,000 but later increased in price to between $1,250,000 and $1,500,000. In the end, 46 systems were built and delivered.
Was UNIVAC a success?
It weighed 16,000 pounds, contained 5,000 vacuum tubes, and was capable of performing 1,000 calculations per second. On November 4, 1952, the UNIVAC gained national attention when it correctly predicted Dwight D. Eisenhower's death. The UNIVAC I was the first American computer designed from the beginning for business and administrative use, with fast execution of relatively simple arithmetic and data transport operations, rather than the complex numerical calculations required of scientific computers. As such, the UNIVAC competed directly with punch-card machines, despite the fact that the UNIVAC could neither read nor punch cards at first. This limitation hampered sales to businesses concerned about the high cost of manually converting large amounts of existing data stored on cards. This was remedied by the addition of offline card processing equipment, such as the UNIVAC Tape to Card converter, which transferred data between cards and UNIVAC magnetic tapes. However, the UNIVAC I's early market share was lower than the Remington Rand Company had hoped. [Citation required]
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question 2 which quality management concept must be well-defined at the beginning of the project to help avoid rework and schedule delay
Scope management is the process of clearly defining and controlling the scope of a project throughout its lifecycle. The answer is scope management.
This includes defining the scope, gathering requirements, creating a timeline, and setting expectations. It is important to define the scope of a project at the beginning of the project in order to avoid rework and schedule delays. By setting clear expectations and defining the scope, it can help ensure that each team member understands the project objectives and timeline and can help keep the project on track.
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a firm has common stock of $6,200, capital surplus of $9,100, total liabilities of $8,400, current assets of $5,900, and net fixed assets of $21,200. what is the amount of the total equity?
Current liabilities are subtracted from current assets to determine a company's shareholders' equity. It alludes to the amount that has been given.
What different kinds of liabilities exist?
Liabilities are any money owing by your company to other people, including bank loans, mortgages, unpaid payments, IOUs, and other sums of money. When you owe someone money while promising to pay them later, this is known as a liability.
Liability can also mean that you owe someone money or services. Typically, liability means that you are responsible for anything. The amount of property taxes owed to the city or the amount of income taxes owed to the federal government, for example, may be included in a homeowner's tax obligation.
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why did physicians remain independent of corporate settings even after the medical profession became well recognized
Physicians often remain independent of the corporate environment because of the autonomy and freedom it affords them. Without an enterprise system, doctors are able to make decisions about their own practices without having to follow the protocols and regulations of a larger organization.
Independent practice gives doctors the freedom to decide how to practice medicine and the ability to practice as one sees fit. In addition, some physicians may feel that corporate systems may limit their ability to provide quality care because the corporate structure may not allow for the same level of care that many independent physicians strive to provide.
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name and describe the six basic emergency management audiences and explain whether they would be internal or external customers.
The following are the six primary emergency management audiences:
Disaster Victims:General Public:Business Community: Media:Community Officials:First Responders:What do they mean by media?The media are the communication channels or technologies that are used to store and transmit information or data. Print media, publishing, news media, photography, film, broadcasting, digital media, and advertising are all examples of mass media communications business components. Marshall McLuhan, a Canadian communications theorist, originally introduced the term media in its current sense pertaining to communication channels, as described in Counterblast. The term medium is described as "one of the broad communication, information, or entertainment outlets in society, such as newspapers, radio, or television."
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In order to remain competitive in the contemporary business environment, several firms have started training their employees to stop viewing problems as strictly functional - that is, as only a marketing problem, or an accounting problem, for example. What does this trend illustrate about strategic management
This trend illustrate that the need of integrative thinking and cross-functional problem solving has been reemphasized.
What is Integrative Thinking ?Utilizing the conflict between paradigms to produce something new is the goal of integrative thinking. The next stage is to examine the models together while expressly keeping them in tension once the opposing models have been articulated individually.
Graham Douglas created the area of integrative thinking in 1986. In order to create a comprehensive continuum of strategy, tactics, action, review, and assessment, he defines integrative thinking as the process of combining intuition, reason, and imagination in a human mind.
Working cross-functionally, sometimes referred to as working with teams other than your own, will inevitably occur at some point in your career. And doing it successfully may inspire innovative ideas, enhance your ability to interact with others, and improve your workplace's culture, productivity, and happiness.
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christina's bank allows her employer to directly deposit her paycheck into her personal bank account. this service provided by christina's bank is called a(n):
If you have set up direct deposit with your job, they can instantly transfer your paycheck into your bank account. As a result, banks have a reliable source of funds from which to provide loans to consumers.
A checking account, or checking deposit account, is a type of bank account that can be used for both making and receiving financial transactions at a financial institution.
Checking accounts, also known as demand accounts or transactional accounts, are easily accessible through a variety of channels including paper checks, ATM withdrawals, and electronic debits.
When compared to other types of bank accounts, such as savings accounts, checking accounts often permit an unlimited number of withdrawals and deposits.
When you need to access your money frequently, having a checking account is a must. An individual can open a checking account in a matter of minutes, either by applying online or by visiting a local bank branch.
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The right way of asking the question is:
Christina's bank allows her employer to directly deposit her paycheck into her personal bank account. this service provided by Christina's bank is called a(n):
barclay, inc. sold equipment that originally cost $30,000 four years ago for $8,000 cash. the equipment had accumulated depreciation totaling $24,000. how will this transaction be listed in the investing activities section of barclay's statement of cash flows? multiple choice question.
Four years ago, Barclay, Inc. sold equipment for $8,000 in cash that had originally cost $30,000. Depreciation on the equipment had accrued to $24,000.
What is equipment example?
Equipment examples include cars, trucks, and manufacturing machines. They differ from intangible assets (such patents, trademarks, or copyrights), which lack a physical form, in that they are tangible because they do. The term "equipment" most frequently refers to a group of tools or other things that are regularly employed to accomplish a specific goal. Equipment needs vary depending on the job. The plural form of the noun equipment is absent. There is no word "equipments," it is only used in the singular, and it goes with a singular verb. There are about 100 common nouns in this category, which are referred to as "noncount nouns" or "mass nouns."
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if the price of a good rises, then: a. existing sellers will expand but more sellers will not enter a market. b. more sellers will enter a market and existing sellers will expand. c. more sellers will enter a market but existing sellers will not expand. d. more sellers and more buyers will enter a market.
Every product is sold at the optimal price because buyers and sellers come together.
The equilibrium price of an item or service in a market is the result of negotiations between a seller and a buyer. Technology and the social context in which individuals act both influence supply and demand.
At one end of the spectrum, the market may be flooded with nearly identical sellers and customers (for example, the market for ballpoint pens). On the opposite end of the spectrum, there may be only one buyer and one seller (as would be the case if I want to barter my table for your quilt).
Economists have formulated models to explain various types of markets. The most fundamental is perfect competition, in which there are large numbers of identical suppliers and demanders of the same product, buyers and sellers can find one another at no cost, and no barriers prevent new suppliers from entering the market. In perfect competition, no one has the ability to affect prices.
Both sides take the market price as a given, and the market-clearing price is the one at which there is neither excess supply nor excess demand. Suppliers will keep producing as long as they can sell the good for a price that exceeds their cost of making one more (the marginal cost of production).
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The right way of asking the question is:
If the price of goods rises, then:
A.) more sellers will enter a market but existing sellers will not expand.
B.) more sellers and more buyers will enter a market.
C.) more sellers will enter a market and existing sellers will expand.
D.) existing sellers will expand but more sellers will not enter the market.
this territory was purchase for $20 million and annexed by the u.s. instead of being granted independence
Louisiana Purchase, the western half of Mississippi River basin was purchased by the U.s of France in 1803; as less as 3 cents per acre over an area of 828,000 sq mi (2,144,520 km²), it was the biggest sale in American.
possess bought Meaning?purchased; getting. transitive verb: to receive by the payment of money and its equivalent purchasing real estate through methods other than ancestry, such as through labor, risk, or sacrifice.
Where was the purchase made, exactly?Place of purchase, as defined by European Regulation (EEC) No 2454/93, refers to the nation and name of the production plant where the fuel of energy underwent its most recent significant alteration.
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The macro level of business power resides in a. The Federal government. B. Particular industries. C. Corporate CEOs. D. The entire corporate system
The macro level of business power resides in the overall or entire corporate system.
Option D is correct.
What are business systems?Any system used by more than one organization to create, update, or delete corporate data is considered a corporate system.
What is the purpose of corporate business?Academics refer to the "shareholder primacy norm," and many refer to the task of corporate managers as "shareholder wealth maximization." Today, the standard response is that a corporation exists to benefit its shareholders. Even seemingly selfless corporate actions like charitable contributions .
Why are business systems important?It ensures that you meet your customers' expectations and enhances your brand, two essential aspects of expanding a successful business. Your company will begin to comprehend the unmet needs of customers and will have continuous information on areas that require improvement if you take a systematic approach.
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crane, inc. the lessee leases an asset for a 10-year lease term. crane appropriately accounted for the lease as a finance lease and recorded a right-of-use asset for $600,000. the asset has a useful life of 12 years. how much amortization expense should crane record each year? crane, inc. the lessee leases an asset for a 10-year lease term. crane appropriately accounted for the lease as a finance lease and recorded a right-of-use asset for $600,000. the asset has a useful life of 12 years. how much amortization expense should crane record each year? cannot be determined $60,000 correct $50,000 $54,545
The correct answer is $60,000 i.e. crane amortization expense should record each year.
How much amortization expense should crane record each year?
The amortization expense of a finance lease is the amount of the right-of-use asset divided by the total lease term. In this case, the right-of-use asset is $600,000 and the lease term is 10 years.Therefore, the amortization expense is $600,000 divided by 10, which equals $60,000.
The theory used in this question is the amortization of a finance lease. A finance lease is an agreement in which the lessee obtains the right to use an asset for a specified period of time in return for payments to the lessor.
The amortization of a finance lease is the amount of the right-of-use asset divided by the total lease term.
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after receiving hundreds of complaints about low wages, the owner of a national restaurant chain decides to increase the base salary for hourly workers. this is an example of
This is an example of Corporate Social Responsibility shown by the owner of the restaurant.
This is an example of a business owner responding to customer feedback and taking action to improve the working conditions of their employees. By increasing the base salary for hourly workers, the owner is demonstrating their commitment to providing fair wages and creating a positive work environment. This action is likely to have a positive impact on employee morale and productivity, as well as customer satisfaction. Corporate social responsibility (CSR) is a self-regulatory corporate structure that assists a corporation in becoming transparent and accountable to itself, its stakeholders, and the general public. Companies that practice corporate social responsibility, also known as corporate citizenship, can be aware of the influence they have on all aspects of society, including the commercial, social, and ecological. CSR implies that a firm operates in ways that benefit society and the environment rather than harming them in the usual course of business.
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