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The full "accounting cycle" which culminates in closing the books and producing financial statements. Discuss the differences between Permanent "real" accounts and Temporary ¨nominal¨ accounts:
· What type of information is contained in nominal accounts, and what type of information is contained in real accounts?
· Which financial statement contains the information from nominal accounts and which contains the information from real accounts?
· Provide an example of real accounts and an example of nominal accounts.
A. Calculate each average cost function and show it graphically
B. What isthe leveloutput at the minimum level of average variable cost?
c. What is the level of output a1 the minimum point of average total cost and
what is trend or average variable cost at this poinr?
D. WhatIs the fixed cost andwhat does it mean?
1. An Individual consumes products X and Y and spends 500birr per time period. The prices of the two goods are 60birr per unit for X and 40blrr per unit for Y.The consumer in this case has a utility function expressed as: U(X,Y) = 10XY
A. Express the budget equation mathematically.
B. Determine the values of X and Y that will maximize utility in the consumption of X and Y.
C. Determine the total utility that will be generated per unit of time for this individual.
To this effect, most customers have either cancelled their policies during insurance period or have simply not renewed at end of underwriting period. A one Mr Amukena got a household insurance together with office equipment like printers and laptops kept at home following the covid Pandemic. Amukena was told to install fire sensors and sprinklers to make his house insurable. Six (6) months later, thieves broke into Amukena’s home stealing office quipment kept at home and cash money valued at K10,000. Other valuables stolen were two car spare wheels left outside on the veranda not fixed to the car, wheelbarrow and some clothes left on the line.
Upon inspection by the joint team of the insurer loss adjuster and Police, it was discovered that the lock to the main gate was defective.
Required
Amukena has approached you as the product development actuary of ABC for advice on whether his claim is payable and if so how much is he liable to be paid?
One of the roles of a manager is to act as a spokesperson for the company, both internally and externally. This is an example of __________________.
- A. the leading process
- B. maintaining good relations
- C. the informational role
- D. acting as a representative figure
Gund is a company producing plush stuffed animals, based in New Jersey, United States. It has recently signed a contract to deliver 100,000 Itty Bitty Boo stuffed unicorns, at €11 apiece, which represents 5% profit for the company.The whole sum of €1,100,000 will be paid at the time of delivery in 6 months. But Gund’s CFO, Chris Jasko, is worried. USD/EUR exchange rate has been very volatile lately, and if the U.S. dollar straightens more than 5%, the whole deal will produce a loss. Help Chris with this problem and design a hedging strategy.
Westchester City is constructing a new city hall. The building will cost $40 million and is estimated to have a useful life of 40 years. Based on the experience of similar cities and the best estimates of the city’s engineers, Westchester’s planners expect that at the end of 40 years the building will have to be torn down and rebuilt, so it is not expected to have any value at the end of 40 years. It will cost $6 million to acquire equipment for the new center. Equipment is assumed to last for 10 years. The city estimates that the equipment can be sold for 20 percent of its cost at the end of its useful life. If the city undertakes this project, what will the building and equipment expense be in the first year after the center is opened?
