Answer:
- <u><em>option C. 1331.</em></u>
Explanation:
The question asks for an estimate of 11.4³.
To calculate 11.4³ exactly to must multiply 11.4 × 11.4 × 11.4.
But to have an estimate, the easiest way is to round 11.4 to 11 and find 11³ = 11 × 11 × 11.
That is not a difficult operation.
That is equal to 11² × 11.
- 11² is a common square, which you should know that it is 121. Else, you can multiply 11 × 11 easily and obtain 121:
11 × 11 = (10 + 1) × 11 = 110 + 11 = 121
11 × 121 = (10 + 1) × 121 = 10 × 121 + 121 = 1210 + 121 = 1331
There you have your answer: option C. 1331.
The answer for this question is: Conservation
In most cases, conservation action in life insurance will be taken if a premium on a certain policy has been outstanding for a specific period of time.
In this case, to protect the company from any potential loss, they need to replace the insurance policy as soon as possible
Answer:
Bad Debts Expense of $ 15,000 in the income statement and offset of receivables by $ 15,000 in the balance sheet.
Explanation:
The portion of credit sales considered to be uncollectible will be recorded as an expense in the income statement for the period. This is usually classified as bad debts expense and appears in the income statement as a debit or expense.
The corresponding credit shall be either to an Allowance for Uncollectible accounts if a provision is made or directly as a credit to the receivables account.
In either manner the effect is to reduce the receivable in the balance sheet
Answer:
The correct answer is "market risks are uninsurable and in fact, his business policy does not cover those."
Explanation:
When talking about an uninsurable risk, we must bear in mind precisely that the insurance covers defined, individualized and limited risks, but not all risks are insurable.
The insurance company cannot assume abstract risks, which are not contemplated in the policy. To know what coverage to look for and what risk can be insurable, a series of characteristics have been stipulated: the risk must be uncertain and random, possible, future, concrete, fortuitous, lawful and of economic content.
Answer:
0.794
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
Cross price elasticity of demand = percentage change in quantity demanded of good A / percentage change in price of good B
Midpoint change in quantity demanded = change in quantity demanded / average of both demands
change in quantity demanded = 3300 - 3000 = 300
average of both demands = (3300 + 3000 ) / 2 = 3150
300/3150 = 0.095238 = 9.5238%
Cross price elasticity = 9.5238% / 12% = 0.794
If cross price elasticity of demand is positive, it means that the goods are substitute goods.
If the cross-price elasticity is negative, it means that the goods are complementary goods.
