Jake applied for loans from the bank to purchase a truck. After that Jake leased this
truck to Mike. To run his business, Mike uses this rented truck to deliver products
and collect the payments for his delivery service. In this description, there are two
types of properties: truck and products. Discuss and explain which party(ies)
has(have) insurable interest in these properties (the relevant parties include Jake,
Mike, and the bank, and try to use your own words to explain why insurable
interest is satisfied in addition to referring to the textbook). (15 points)
The following questions are relevant to SASB insurance standard. Don't just write
down the articles of SASB accounting standard. Try to provide your own explanations
(use graphs to explain your ideas if necessary).

With a organizational structure groups that are performing similar tasks may be at risk of duplicating their work and they may also compete for shared resources is in the divisional structure.

In a divisional structure, many teams work alongside each other toward a single, common goal. Each of these divisions has an executive manager  who manages how that branch operates, controls its budgets and allocates its resources.

Large companies do generally employ divisional structure because they have different divisions.

One example of the divisional structure is a car company which separates its company into SUV or sedan vehicle branches. While each branch has its own function, they all work toward the same goal of making a sale. This is known as the multi-divisional structure.

To know more about divisional structure here:

https://brainly.com/question/27337527

#SPJ4

Answer:

2 4

Explanation:

The balance in the Work in Progress account at the end of September relative to job A3B  is $10500.

During September month material amounting to $1500 and direct labor amounting to $3000 was introduced in the process and Overheads at the end of each month is 200% of direct labor.

Cost incurred = 200% of $3000

                       = $6000.

As specified by the question that the job is not finished at month end and additional material and labor amounting to $2000 and $4500 respectively is required in October month . So the whole cost incurred in September month that is $1500+$3000+$6000=$10500.

$10500  is transferred to Work in progress account . When Job gets finished that is in month of October the whole cost amounting to 10500+2000+4500+(4500*200%) =$ 26000 transferred to Finished Goods Account.

Know more about Work in Progress account refer to:

https://brainly.com/question/14815709

#SPJ4

Answer:

1. An increase in the cost of some goods such as escalating gasoline prices.

Explanation:

The standard of living refer to a comfort level, the goods, and the material, necessities and wants that are available to a person

In case when there is a decline in standard of living so it is due to the increased in price as it reduced the purchasing power of the consumer

If the price of the goods increased, then the quantity demanded decreased as per the law of demand

Therefore in the given case, the option A is correct

As in the ADM case, all that companies have to do to fix the price is to agree on the price for which the companies will sell the product. This statement is False.

A price is the amount of payment or compensation given by one party to a {different} reciprocally for a product or service. In some situations, the value of production incorporates a different name. If the merchandise could be a "good" within the industrial exchange, the payment for this product can possibly be known as its "price".or every man has his price. aforesaid to mean that everyone may be persuaded to try to do one thing dishonest or immoral if they're offered an outsized enough quantity of money. whereas it should not be true that each man has his price, there are continually people who have. simple Learning Idioms Dictionary.

Learn more about price here

https://brainly.com/question/14286952

#SPJ4

In the given case, to avoid as many false negatives as possible, the most suitable metric would be Recall (Option C).

In machine learning, recall refers to the ability of a model to accurately identify all relevant instances, i.e., it tells us what proportion of actual positives was identified correctly by the model. Mathematically, recall can be defined as follows:

Recall = True Positive / (True Positive + False Negative)

Here, True Positive refers to the number of instances that are actually positive and are identified correctly by the model, while False Negative refers to the number of instances that are actually positive but are identified as negative by the model.

So, in this case, we want to avoid as many false negatives as possible because a false negative means that a rotten fruit that is actually unsafe for human consumption is identified as safe, which can be dangerous. Therefore, we need to focus on improving recall because it tells us how many actual rotten fruits have been correctly identified as unsafe, and avoiding false negatives is our primary objective in this case. Hence, C is the correct option.

You can learn more about metrics at: brainly.com/question/32738513

#SPJ11

$232,500 of December's credit sales would be collected in January.

To determine how much of December's revenue was collected in January, we need to calculate the portion of the credit sales that falls within the average collection period. Here's the calculation:

Average Collection Period = 40 days

December Credit Sales = $300,000

Since the average collection period is 40 days, we can assume that the revenue collected in January corresponds to the credit sales made in December that have not yet exceeded the average collection period.

To find the portion of credit sales within the average collection period, we calculate:

Portion of December Credit Sales = (Days in January) / (Average Collection Period) * December Credit Sales

Days in January = 31 (assuming a standard 31-day month)

Portion of December Credit Sales = (31 days) / (40 days) * $300,000

Portion of December Credit Sales = 0.775 * $300,000

Portion of December Credit Sales = $232,500

Therefore, $232,500 of December's credit sales would be collected in January.

It's important to note that this calculation assumes that all credit sales made in December will be collected within the average collection period of 40 days. However, this might not always be the case, as some customers may take longer to pay their invoices or might default on their payments.

for more such question on sales visit

https://brainly.com/question/25743891

#SPJ8

Answer:

Directive Decision making

Analytical Decision Making

Explanation:

There are various types of Standard decision making. Directive decision making is more on past experiences and there is very low tolerance for ambiguity. Analytical decision making is the decision which is based on facts and figures. The decisions are made based on reliable information only.

The pros and cons for directive decision making is managers can not make quick decisions when they face new problems where they have to apply their analytical skills.

Answer:

True

Explanation:

A free market, in normal terms does not permit the formation of monopolies seen as competition, and is also one of the characteristics of market that is free that are not obstructed, pure, by any involvement or interference from the government.

Therefore there is a possibility  for predator multinationals to create or form monopolies.

a) The method used to calculate GDP should be the expenditure approach, which adds up total consumption (C), investment (I), government spending (G), and net exports (X-M).

b) Using the expenditure approach, the GDP can be calculated as follows:

GDP = C + I + G + (X - M) = 30 + 15 + 20 + (50 - 70) = 25.

c) The value of net exports can be calculated as:

Net exports = Exports - Imports = 50 - 70 = -20

d) The method that cannot be used with the given data is the income approach.

e) The data is incomplete because the information provided only covers some of the components of GDP, such as consumption, exports, rent, investment, government spending, and wages. Information on other components, such as net taxes, subsidies, and depreciation, is not provided, making the data incomplete for calculating GDP using the income approach.

Learn more on the income approach approach of calculating GDP here https://brainly.com/question/24940005

#SPJ1

Answer:

c. She should pay with a credit card.

Explanation:

Credit cards are basically loans that the banks give to the customer to use and pay back before the due date.

Now if Sean's mother does not know how much money she has, she must use the credit card because to be financially responsible and pay the type services their due amount.

Later she can check her account details and make payments to the bank as per requirement.

Explanation:

The most financially responsible option for Sean's mother would be to pay with a debit card. The correct option is B.

You can carry out purchases using a debit card rather than scrambling for cash, looking through your pockets or handbag for exact change, writing a check, or visiting an ATM. It's also more convenient than ever thanks to the increase in companies accepting debit card payments.

This is because a debit card transaction deducts the payment directly from her checking account, so she can only spend the money she actually has available. This can help her avoid overspending or going into debt.

Paying by telephone is also a convenient option, but it is important for Sean's mother to make sure she is using a secure and trusted payment system to protect her personal and financial information.

Using a credit card or writing a check are also options, but they may not be as financially responsible in this situation. With a credit card, Sean's mother would be borrowing money and may incur interest charges if she doesn't pay the balance in full. Writing a check may take longer to process and may not be accepted by all tire shops.

Thus, the ideal selection is option B.

Learn more about Debit Card here:

https://brainly.com/question/27934503

#SPJ7

The procedure through which a real estate evaluator attempts to discover the fair market value of a home is called a home appraisal. They are frequently used to calculate property taxes, appraisals are typically required in regions.

Additional expenses and charges that must be paid at the end of a transaction in real estate that is not included in the property's purchase price is referred to as Closing cost.

A home appraisal is employed to determine a property's worth. Lenders impose these fees in exchange for approving your loan.

Prior to comparing a home to actually acquired properties in the local housing market, licensed real estate evaluators to look at its features and state.

Learn more about Closing costs, here:

brainly.com/question/1084194

#SPJ1

Answer:

yes

Explanation:

You, as the account owner, can also withdraw or remove funds from the account. You can withdraw by automatic electronic transfer, check, ATM card or debit card. There are many ways these days to withdraw money from your accounts.

Answer:

D

Explanation:

Explanation:

{All Fiction}

Drama

Stories composed in verse or prose, usually for theatrical performance, where conflicts and emotion are expressed through dialogue and action.

Fable

Narration demonstrating a useful truth, especially in which animals speak as humans; legendary, supernatural tale.

Fairy Tale

Story about fairies or other magical creatures, usually for children.

Fantasy

Fiction with strange or other worldly settings or characters; fiction which invites suspension of reality.

Fiction

Narrative literary works whose content is produced by the imagination and is not necessarily based on fact.

Fiction in Verse

Full-length novels with plot, subplot(s), theme(s), major and minor characters, in which the narrative is presented in (usually blank) verse form.

Folklore

The songs, stories, myths, and proverbs of a people or "folk" as handed down by word of mouth.

Historical Fiction

Story with fictional characters and events in a historical setting.

Horror

Fiction in which events evoke a feeling of dread in both the characters and the reader.

Humor

Fiction full of fun, fancy, and excitement, meant to entertain; but can be contained in all genres

Legend

Story, sometimes of a national or folk hero, which has a basis in fact but also includes imaginative material.

Mystery

Fiction dealing with the solution of a crime or the unraveling of secrets.

Mythology

Legend or traditional narrative, often based in part on historical events, that reveals human behavior and natural phenomena by its symbolism; often pertaining to the actions of the gods.

Poetry

Verse and rhythmic writing with imagery that creates emotional responses.

Realistic Fiction

Story that can actually happen and is true to life.

Science Fiction

Story based on impact of actual, imagined, or potential science, usually set in the future or on other planets.

Short Story

Fiction of such brevity that it supports no subplots.

Tall Tale

Humorous story with blatant exaggerations, swaggering heroes who do the impossible with nonchalance.

{All Nonfiction}

Biography/Autobiography

Narrative of a person's life, a true story about a real person.

Essay

A short literary composition that reflects the author's outlook or point.

Narrative Nonfiction

Factual information presented in a format which tells a story.

Nonfiction

Informational text dealing with an actual, real-life subject.

Speech

Public address or discourse.

One characteristic of incremental budgeting is that it builds upon the previous budget by making small adjustments or changes.

Incremental budgeting is a budgeting approach that involves making incremental adjustments to the previous budget instead of starting from scratch. It follows the principle of building upon existing budget figures by making small changes or adjustments based on factors such as inflation, anticipated growth, or new initiatives. This characteristic allows for a more straightforward and efficient budgeting process as it takes into account historical budgetary allocations and spending patterns. Incremental budgeting assumes that the previous budget was effective and reliable, and thus focuses on making incremental modifications rather than reevaluating the entire budget. However, this characteristic can sometimes lead to a lack of innovation or consideration of alternative allocation options, as it primarily focuses on maintaining the status quo rather than exploring new approaches to resource allocation.

learn more about budget here:

https://brainly.com/question/31952035

#SPJ11

To examine the weekly payroll of all employees, one would look at the: d. payroll register.

The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.

A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.

Options:

a. W-4

b. employee earnings record

c. W-2

d. payroll register.

Learn more about the payroll register here:

https://brainly.com/question/24265652

#SPJ1

The main objective of investing in equity REITs is to generate long-term income and capital appreciation.

Equity Real Estate Investment Trusts (REITs) are companies that own and operate income-generating properties such as residential, commercial, or industrial real estate. By investing in equity REITs, investors have the opportunity to earn a steady stream of rental income from the properties held by the REIT. Additionally, as the value of the properties appreciates over time, investors may also benefit from capital appreciation. The primary goal is to generate a favorable return on investment through a combination of rental income and the potential increase in property values. It is important to note that equity REITs offer the advantage of diversification, as they typically hold a portfolio of different properties in various locations. This diversification can help reduce risk and provide stability to an investment portfolio.

To learn more about capital appreciation

https://brainly.com/question/3000043

#SPJ11

A business executive feels the need to win in everything he does, from his business deals, to his golf, and even with his romantic partners. The executive's behavior illustrates a(n):need for achievement.

Need for achievement can be defined as the way in which a person is determine to achieve their goals or when a person is always eager to achieve their set goals and objectives.

Hence, the personalities display by the business executives is called  need for achievement as the executives feels the need to win in everything he does,.

Learn more about Need for achievement here:https://brainly.com/question/27283395

#SPJ1

Two companies report the same cost of goods available for sale but each employs a different inventory costing method.

If the price of goods has increased during the period, then the company using the LIFO (Last-In, First-Out) inventory method will report lower net income compared to the company using the FIFO (First-In, First-Out) method.

This is because under the LIFO method, the most recent, and likely more expensive inventory items are assumed to be sold first, leaving the older and cheaper items in inventory.

As a result, the cost of goods sold is higher, and gross profit and net income are lower. In contrast, under the FIFO method, the older and cheaper inventory items are assumed to be sold first, leaving the more recent and expensive items in inventory. This results in a lower cost of goods sold, higher gross profit, and higher net income.

To know more about inventory costing method refer to-

https://brainly.com/question/17097250

#SPJ11

Answer: B. Using spreadsheets to plan budgets

Explanation: yes

The senior management of the company is in responsible of establishing the organization's policies, regulations, and strategic objectives as well as providing leadership and direction for quality management.

1. Top level of management, whether administrative, managerial, or both.The chief executive and managing director of an organization and the board of directors make up this level of management.Given that it is in charge of a company's objectives, rules, and practices, it is the final source of authority and authority.

Planning, organizing, staffing, leading, and managing are the five general responsibilities that make up management at its most basic level.

To know more about company visit:

https://brainly.com/question/29354835

#SPJ4

The Chinese place a lot of emphasis on indirect communication as a result of the requirement to keep good ties. In order to convey meaning, they use less words and pay more attention to posture, expression, and tone of voice.

They frequently speak informally and may understate their points. Be nice and polite, and steer clear of anything that makes you communication uncomfortable, or you might find that you have the freedom to discuss topics that are taboo at home. Find topics that everyone can agree on, such as sports, cuisine, and family. While Americans value the individual, Chinese civilization is centered around the group.

To learn more about communication, click here.

https://brainly.com/question/22558440

#SPJ1

Because of the large number of resumes that a hiring manager may have to review one wants his resume to be easy to read and contain the information necessary for the hiring manager to make an informed decision about you.

The most effective resumes are neat, professional, and devoid of grammatical and spelling mistakes. contains true and current data regarding you. makes it clear to the prospective employers why you are a suitable candidate for the role you are applying for. You shouldn't refer to oneself by a nickname on your CV. any talk about compensation or vacation time. unnecessary personal information You should just say that connections are available to your prospective employers if they should require them whenever providing references on your resume. Do not list references in their entirety.

To learn more about resume refer here:

https://brainly.com/question/862477

#SPJ4