Journalize the following sales transactions for Luna's Boutique. Explanations are not required. The company estimates sales retums at the end of each month. (Assume the company uses a perpetual inventory system and records sales at the net amount) (Click the icon to view the transactions.) Journalize the sales transactions. Explanations are not required. (Record debits first, then credits, Exclude explanations from journal entries.) Mar. 3. Luna sold $62,000 of women's clothes on account, credit terms aro 3/10, 1/30, to Marcia's Dresses Cost of goods is $30,000, Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step Debit Credit Mar 3 Accounts Receivable-Marcia's Dresses 62000 Sales Revenue Date Accounts 62000 Now joumalize the expense related to the March 3 sale Cost of goods, $30,000 Credit Date Debit 30000 Mar. 3 Accounts Cost of Goods Sold Merchandise Inventory 30000 Mar. 7: Luna granted a sales allowance of $400 for the clothes sold on March 3, Marcia's Dresses did not return the inventory Debit Credit Date Accounts Estimated Returns Inventory 400 Mar. 7 Alev Х More info Mar. 3 Luna sold $62,000 of women's clothes on account, credit terms are 3/10, n/30, to Marcia's Dresses. Cost of goods is $30,000. Mar. 7 Luna granted a sales allowance of $400 for the clothes sold on March 3. Maria's Dresses did not return the inventory. Mar. 10 Luna receives payment from Marcia's Dresses on the amount due, less sales allowance and discount" Print Done

True. In determining the cost of debt, a firm can use its yields and prices of outstanding bonds.

Yields measure the return on bonds, while prices of outstanding bonds measure the market's valuation of the firm. The cost of debt is the effective rate a firm pays on its current debt obligations. To calculate the cost of debt, a firm can use either the yield to maturity of its bonds or the current market price of the outstanding bonds. The yield to maturity is calculated by taking into account the bond's coupon rate, length of time until maturity, and current market price. The current market price of the bonds is based on the current market yield and the bond's face value.

By comparing the yield to maturity or market price of the outstanding bonds to the coupon rate, the firm can determine its cost of debt.

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The total variable cost for the month is ($72,490): $6,908 + $72,490 = $69,028.

Pearls, Pearls, Pearls manufactures and sells jewelry. The total variable cost of goods sold this month is $72,490. Variable selling and administrative cost is $22 per unit sold. If 350 units are produced and 314 units are sold this month.

To calculate this, you would first multiply the variable cost per unit ($22) by the total units sold (314 units): 22 x 314 = $6,908.

Then, you would add this to the total variable cost of goods sold ($72,490): $6,908 + $72,490 = $69,028.

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Strong divergence will result when the left exit of jet streak is co-located with the eastern branch of a trough.

A jet streak is a small region of high wind speeds embedded in a jet stream that frequently occurs on the polar front. Jet streams are regions of rapid, high-altitude westerly winds that are caused by atmospheric pressure differences. The polar front jet stream, which is found in the mid-latitudes, is the most powerful and constant type of jet stream.

A trough is a region of low atmospheric pressure where the atmosphere slopes upward from east to west and air converges into the area at low altitudes. Divergence is the process of air spreading out horizontally from a central region of high pressure in the atmosphere, similar to how spokes radiate outward from a hub. Divergence is associated with the upward motion of air in the atmosphere. Strong divergence results in more updrafts, which are crucial to the formation of thunderstorms, cyclones, and other extreme weather phenomena.

Hence, strong divergence will occur when the left exit of jet streak is situated with the eastern branch of a trough.

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This is an example of a boycotting policy. As natural groceries is sending a strong message against deforestation and damage which is caused to the environment

Natural groceries are food items that are sold in stores that specialize in natural and organic foods. These foods are not manufactured with harmful chemicals or preservatives, but rather they are grown and harvested using sustainable methods. The company's policy of not buying paper products from certain companies if they are made with rainforest wood is an example of a boycotting policy. This policy protests deforestation because of the severe damage it can cause to the environment.

By not buying paper products from companies that use rainforest wood, Natural Groceries is sending a strong economic message that it protests deforestation and the severe damage it does to the environment.

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Acid deposition can be considered as a rival bad because it can cause several harmful effects on the environment and living organisms.

This phenomenon is mainly caused by the emission of sulfur dioxide and nitrogen oxides from human activities like burning fossil fuels, industrial processes, transportation, and agricultural practices. These gases combine with atmospheric moisture to form sulfuric acid and nitric acid which then falls to the ground as acid deposition.Acid deposition can be harmful to the environment in various ways. Some of the effects are described below:

1. Damage to soil quality: Acid deposition can make the soil acidic which can lead to the loss of important nutrients and minerals in the soil. This can lead to a decrease in soil fertility which can negatively impact the growth of plants and crops.                                                                                                                                                                                                           2. Impact on water bodies: When acid deposition falls on water bodies like lakes, rivers, and oceans, it can cause the water to become acidic. This can have adverse effects on aquatic life by killing fish and other aquatic organisms.                           3. Damage to vegetation: Acid deposition can harm trees and other plants by damaging their leaves and interfering with their ability to absorb nutrients. This can lead to stunted growth and even death of the plant.                                                             4. Impact on human health: Acid deposition can cause respiratory problems in humans by leading to the formation of tiny particles that can be inhaled. It can also lead to the formation of acid rain which can cause skin irritation and other health problems.Therefore, acid deposition can be considered a rival bad because it can have a negative impact on the environment and human health. It is important to reduce the emission of gases like sulfur dioxide and nitrogen oxides to minimize the effects of acid deposition.

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The correct option is b) structured notes. Structured notes are used by financial advisors to create a tailored investment product for their clients based on the client's risk preferences and investment objectives.

Structured notes are debt securities that combine a bond with an embedded derivative to offer a product with customized risk-return characteristics. These are debt securities that contain a bond component and an option component.

The underlying bond is the issuer's debt obligation, whereas the derivative component provides a varying payoff depending on the performance of an underlying asset or index, such as stocks, commodities, or currencies.

When firms issue structured notes, the amount of interest and principal to be paid is based on specified market conditions. The quantity of the reimbursement can be tied to a treasury bond fee index or maybe to a inventory index.

These notes have become more popular with retail investors due to their flexibility and potential to offer higher returns than traditional fixed-income securities.

The option b) structured notes is correct.

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A tippee is a person who learns of non-public information from an insider, and is generally viewed as a temporary insider.

A tippee is a person who learns of non-public information from an insider, and is generally viewed as a temporary insider.

In contrast to a controlling person, a tippee is somebody who gets confidential information from someone who is already an insider. A controlling person, as we know, is someone who is in charge of or oversees the activities of another person or group of people.

In finance, the term "issuer" refers to a company or government entity that sells securities to the public.

Dealers are businesses or individuals who purchase securities and then resell them for a profit.

An underwriter is a company or investment bank that assists in the issuance of securities to the public.

Insider trading refers to the buying or selling of securities by an insider who has access to material, non-public information about a company.

Insider trading is unethical, dishonest, and illegal, and it undermines confidence in the fairness and transparency of the capital markets.

Insiders, on the other hand, must follow specific rules and regulations when buying or selling securities in order to ensure that the playing field is level for all market participants. Insider trading can lead to hefty fines, legal penalties, and even imprisonment.

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None of the above is the correct format for the decision variable of a transportation problem.

The correct format of definition for the decision variable of 'Transportation Problem with 3 warehouses (whole sail stores or storages named as '1', '2', '3') and 4 stores (retail stores named as 'A', 'B', 'C', 'D') is as follows:

None of the above is the correct format for the decision variable of a transportation problem.

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An expatriate is a person who lives outside of their home country. So, an expatriate is a person born in Germany but currently a US citizen working in the United States. Thus, option B is correct.

An expatriate is a person who lives outside their native country. Expatriates are also known as ex-pats.

They are individuals who are not originally from a specific country, but who have migrated to that country for a certain period. An expatriate can be of any nationality, gender, or age.

According to the definition provided in the given question, an example of an expatriate is a person born in Germany but currently a US citizen working in the United States.

Therefore, option B is the correct choice of answer for this question.

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The correct answer is C, Congress decides to undertake an infrastructure repair project. Autonomous changes to planned aggregate expenditure are changes in spending that occur regardless of the level of income.

This means that the change in spending is not caused by a change in income or production. An infrastructure repair project is an example of an autonomous change because it is a decision made by Congress that would cause an increase in planned aggregate expenditure, regardless of changes in income or production.

In contrast, option A, current income in an economy increases, is an example of an induced change in planned aggregate expenditure. An increase in current income will cause an increase in planned aggregate expenditure, so it is an induced change.

Option B, domestic goods become more expensive relative to foreign goods, is also an induced change in planned aggregate expenditure. If domestic goods become more expensive relative to foreign goods, households will spend more on domestic goods, resulting in an increase in planned aggregate expenditure.

Finally, option D, interest rates in an economy decrease, is also an induced change in planned aggregate expenditure. A decrease in interest rates will make it cheaper for households and businesses to borrow, leading to an increase in planned aggregate expenditure.

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C: AP subsidiary ledger can be updated solely from the receiving report.

The AP subsidiary ledger is a record of all outstanding accounts payable for a company. It is a subsidiary ledger to the general ledger and is used to keep track of the amounts owed to each vendor or supplier.

The receiving report is a document that is prepared when goods or services are received from a supplier. It contains details such as the date of receipt, the quantity and description of the goods or services received, and the name of the supplier.

Based on the information contained in the receiving report, the AP subsidiary ledger can be updated to reflect the amount owed to the supplier. This is because the receiving report provides proof that the goods or services have been received and that the supplier is owed payment.

The correct answer is "C: AP subsidiary ledger".

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The sales dollars to break even rounded to the nearest dollar equals $244,068. Thus, option b is correct.

The break-even point is that sales amount that will generate a profit of $0, and to calculate the sales amount, one should equate the total cost to the total revenue, given as:

= Or, Fixed costs + Variable costs = Total sales

Let, ‘x’ be the total sales amount, then the contribution margin will be 59% of the total sales:

Contribution margin = 59/100 × x= 0.59x

Therefore, the equation for total cost will be as follows:

Total Cost = Fixed Cost + Variable Cost = $144,000 + 0.41x

At the break-even point, the total cost equals the total sales. Hence, we can equate them:

Total sales = Total cost

x = $144,000 + 0.41xx - 0.41x = $144,0000.59

x = $144,000x = $144,000 / 0.59x

= $244,067.80 ≈ $244,068.

Hence, the sales dollars to break even rounded to the nearest dollar equals $244,068. Thus, option b is correct.

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In the early 1990s, banks began offering check-writing privileges on money market mutual funds. This caused an increase in the competition between banks and money market mutual funds for customers.

Money Market Mutual Fund (MMMF) is a mutual fund that invests in high-quality, low-risk, short-term money markets instruments such as government securities, certificates of deposit, and commercial paper. MMFS has check-writing privileges that are similar to those of checking accounts. They may, for example, enable you to write checks or make withdrawals up to a certain limit per month. MMMFs pay interest on your account balances, but it is significantly lower than that of savings accounts.

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In the following question, among the conditions given, The inequality-adjusted human development index (HDI) of the US is 0.862, as of 2019.

The IHDI measures human development based on standards of health, education, and income.

The Human Development Index (HDI) is a summary measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable and having a decent standard of living.

The HDI is the geometric mean of normalized indices for each of the three dimensions. It is calculated as the geometric mean of a country’s life expectancy, education, and income indices. The inequality-adjusted human development index (IHDI) of the US is 0.862, as of 2019.

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The cost of goods available for sale is $12,450, cost of goods sold is $5,400 and ending inventory under the FIFO method is $8,100.

The total cost of goods available for sale can be calculated as:

300 units × $7 = $2,100

450 units × $8 = $3,600

750 units × $9 = $6,750

Total cost of goods available for sale = $2,100 + $3,600 + $6,750 = $12,450.

Cost of goods sold can be calculated by subtracting the cost of ending inventory from the total cost of goods available for sale. Therefore, we need to find the cost of ending inventory first.

Calculation of ending inventory:

Ending inventory is the number of units left in stock after sales have been made. We are told that 900 units are left in stock at the end of the month. Therefore, the cost of the ending inventory can be calculated as follows:

300 units × $7 = $2,100 (Sold between January 1 and January 8)

450 units × $8 = $3,600 (Sold between January 8 and January 29)

150 units × $9 = $1,350 (Leftover)

Total cost of the ending inventory = $2,100 + $3,600 + $1,350 = $7,050.

Cost of goods sold can now be calculated as:

Total cost of goods available for sale = $12,450

Cost of ending inventory = $7,050

Cost of goods sold = $12,450 - $7,050 = $5,400.

Calculation of the weighted average cost per unit:

We can find the weighted average cost per unit by dividing the cost of goods available for sale by the total number of units available for sale. This will give us the average cost of a unit.

$12,450 / (300 + 450 + 750 + 900) = $12,450 / 2,400 = $5.19

Cost of goods sold using FIFO:

We can calculate the cost of goods sold using the FIFO method by multiplying the number of units sold by the cost of the oldest inventory. We can then subtract the cost of the inventory from the total cost of goods sold.

600 units were sold between January 9 and January 28, and the remaining 300 units were sold after January 28.

Cost of goods sold for 600 units sold between January 9 and January 28 = 300 units × $7 + 300 units × $8 = $2,100 + $2,400 = $4,500.

Cost of goods sold for 300 units sold after January 28 = 300 units × $9 = $2,700.

Total cost of goods sold = $4,500 + $2,700 = $7,200.

Ending inventory using FIFO:

Using the FIFO method, the cost of the ending inventory is the number of units left in stock multiplied by the cost of the newest inventory, which is $9.

Therefore, the ending inventory can be calculated as follows:900 units × $9 = $8,100.

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The GDP account that will be affected is "Government Purchases." Thus, C is the correct answer.

GDP, or Gross Domestic Product, is the total value of all goods and services produced within a country's borders in a given period. It is the most frequently used measur
e of a country's economy. The term "domestic" refers to the fact that GDP includes only economic activity within a country's borders.

There are four GDP accounts that are measured. They are as follows:

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Economic theory is often a mixture of numerous subfields that address specific economic questions. Option d. all of the above is the correct answer.

What is an economic theory?

Economic theory surrounds the production, distribution, and consumption of goods and services. This study uses models to examine how economic agents, such as consumers and producers, interact in the marketplace. They utilize empirical data to test and refine the models' hypotheses.

They use theories and concepts to address complex economic issues that impact millions of people worldwide. They are attempting to answer fundamental questions about the distribution of income, wealth, and opportunities through economic research.

The economic theory encompasses a wide range of fields, including microeconomics, macroeconomics, international economics, behavioral economics, and econometrics. These fields use several methodologies to analyze and make sense of the world's economic activity.

As a result, economic theory is often a mixture of numerous subfields that address specific economic questions.

Therefore, option d. all of the above is the correct answer.

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The journal entry required in the capital projects fund at the inception of a lease for equipment includes "a credit to Other Financing Sources-Lease Agreement". D is correct.

When a capital projects fund enters into a lease agreement for equipment, the journal entry should credit the fund's Other Financing Sources account and debit the asset account for the equipment. Additionally, the fund should credit the Obligations under Leases account to reflect the future lease payments due. However, at the inception of the lease, no lease expense has been incurred yet.

Therefore, a debit to Lease Expense is not required in the journal entry. The credit to Other Financing Sources-Lease Agreement represents the source of financing for the equipment lease, while the credit to Obligations under Leases reflects the fund's liability for the lease payments.

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The statement describes Corley as a manager who encourages and motivates her employees while also promoting teamwork, indicating a higher level of moral development. The correct naswer is E.

At the second level of moral development, individuals have an interpersonal perspective and are focused on meeting the expectations of others while conforming to social norms and values. They are interested in maintaining relationships and showing concern for others. Corley's behavior suggests that she is beyond the conventional level and operates at the post-conventional level, where individuals have a personal moral code and are guided by universal ethical principles.

Therefore, option E is the correct naswer.

"

Complete question

Corley, a successful store manager leads her employees by encouraging them and showing that she genuinely believes in them. She also encourages group and team efforts. Carley manages at Kohlberg's level of personal moral development Multiple Choice

A: second

B: acceptable

C: nonconventional

D: conventional

E: higher

"

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When a​ $10 check written on the First National Bank of Chicago is deposited in an account at​ Citibank then the assets of Citibank decrease by​ $10. The answer is OPTION A.

The liabilities of a bank grow by $1,000,00 when a deposit of $1,000,000 is made at a bank where the required reserve ratio is 20% and the bank decides not to maintain any surplus reserves but instead provides loans.

The bank will lose checkable deposits and gain reserves when a check is cleared against it. The basic deposit multiplier increases as the necessary reserve ratio is reduced. The deposit multiplier states that if the reserve requirement is 10%, banks must hold 10% of all deposits in reserve but can generate money and boost the economy by lending out the remaining 90%. The answer is OPTION A.

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Answer:

the answer is B

Explanation:

The effort to plan the coordination of demand forecasts with functional areas of the firm and its supply chain involves a number of steps.

First, the firm must analyze internal data to develop accurate demand forecasts. This includes examining past trends, customer feedback, competitor insights, and other internal data sources.

Second, the firm must develop a demand forecasting system that can integrate with the firm’s functional areas and its supply chain. This system should be able to capture external data such as customer surveys and market trends and combine it with internal data sources to develop an accurate and reliable forecast.

Third, the firm must create a communication and coordination system between its functional areas and the supply chain. This communication and coordination should focus on aligning demand forecasts and supply chain resources, which will enable the firm to be better prepared to meet customer demands.

Fourth, the firm must use the demand forecasting system to create projections for the future and make sure that its supply chain is able to meet those projections. This includes making sure that the firm has enough supplies and personnel to meet customer demands and that its products are in stock and delivered on time.

Finally, the firm must regularly review and evaluate the demand forecasting system and make adjustments if necessary. This includes examining past data, customer feedback, and any other relevant data sources to ensure that the firm is accurately forecasting customer demands.

By taking these steps, the firm can plan the coordination of demand forecasts with functional areas of the firm and its supply chain, enabling the firm to better meet customer demands and remain competitive in the market.

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When determining how large to make a visual, the main consideration is "how important and complex the information in the visual is." Thus, Option B is correct.

Additionally, factors such as how much room you will need for borders, whether the visual will be in color or black and white, and how many pages you need your report to be can also be taken into account.

Visual communication is defined as the process of exchanging information and ideas through visual aids. It involves combining text, images, and other graphics to communicate effectively. Visual communication is a crucial aspect of communication because it allows the receiver to get a better understanding of the message being conveyed.

Determine the size of your visual by considering how important and complex the information in the visual is. If the information is complex, the visual should be larger to allow for more details to be included. If the information is less complex, the visual can be smaller.

The size of a visual is not determined by the number of pages you need your report to be, how much room you will need for borders, whether the visual's content is negative or positive, or whether the visual will be in color or black and white.

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If the level of interest rates, which is currently 8.4%, goes down by 10 basis points, the expected change in the price of the asset is an increase of 0.7%.

Duration is a measure of the sensitivity of the price of a fixed-income asset to a change in interest rates. It measures the weighted average time to maturity of the bond's cash flows, taking into account the present value of each cash flow.

When interest rates decrease, the price of fixed-income assets tends to increase, and when interest rates increase, the price of fixed-income assets tends to decrease.

Using the modified duration formula:

% Change in Price = - Duration x % Change in Yield

Given that the duration is seven years and the yield decreases by 0.1%:

% Change in Price = -7 x (-0.1%) = 0.7%

Therefore, the expected change in the price of the asset is an increase of 0.7%.

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The expected rate of return on the stock has decreased from 18.1% to 14.4% due to the "surprises" in the macro factors.

a) Expected Rate of Return = RFR + beta1*(RPM1) + beta2*(RPM2) + beta3*(RPM3)
Where RFR stands for the risk-free rate of return, and RPM stands for risk premium. The beta values used in the formula can be taken from the table provided, and the risk premiums can also be calculated using the given data. The expected rate of return will be as follows:

Expected Rate of Return = 6% + 1.2*(6%) + 0.5*(8%) + 0.3*(3%)
Expected Rate of Return = 6% + 7.2% + 4% + 0.9%
Expected Rate of Return = 18.1%

b) Calculation of the revised expectations for the rate of return on the stock once the "surprises" become known. The actual values for the macro factors are different from the expected values, and therefore, the expected rate of return will also change. The new expected rate of return can be calculated using the formula provided in part (a), but with the actual values of the risk premiums.

Where RFR stands for the risk-free rate of return, and RPM stands for risk premium. The beta values used in the formula can be taken from the table provided, and the actual risk premiums can also be calculated using the given data. The revised expectations for the rate of return on the stock are given below:

Expected Rate of Return = 6% + 1.2*(4%) + 0.5*(6%) + 0.3*(2%)
Expected Rate of Return = 6% + 4.8% + 3% + 0.6%
Expected Rate of Return = 14.4%

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The appropriate journal entry at year end would be:

Dr. Supplies Expense $3230, Cr. Supplies $3230

A supplies account is an accounting account used to track the cost of supplies, materials, and other consumables used in a business or organization.

It is used to record the initial balance of supplies, purchases of supplies during the year, and any adjustments made for ending inventory of supplies.

The supplies account was opened with a balance of $2740 and $3420 was purchased during the year. Therefore, the total amount of supplies available during the year was $6160 ($2740 + $3420).

However, the year-end physical count shows only $3190 in supplies inventory. This means that $2970 ($6160 - $3190) of supplies were used during the year.

Therefore, the appropriate journal entry at year end would be to debit Supplies Expense for $2970 and credit Supplies for $2970.

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The cash flows of a project should (B) "include all incremental and opportunity costs".

Incremental costs are the additional costs that arise as a result of undertaking the project. Opportunity costs are the benefits that will be foregone if the project is undertaken, such as the returns that could have been generated from investing the funds elsewhere. By including both incremental and opportunity costs, the cash flows of a project will be a more accurate representation of the true economic impact of the project. This is important for making informed investment decisions and evaluating the profitability of a project.

Thus, the correct answer is option B.

"

Complete question

The cash flows of a project should: group of answer choices

A: be computed on a pretax basis.

B: include all incremental and opportunity costs.

C: include all sunk costs and opportunity costs.

D: include all financing costs related to new debt acquired to finance the project.

E: be applied to the year when the related expense or income is recognized by gaap.

"

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When considering risk response development, passing the risk to another party instead of changing it is known as transferring the risk. Option D is the correct answer.

The main objective of the risk response is to get the risk to an acceptable level or to eliminate the risk. The identified risk is then evaluated using a qualitative or quantitative approach, and risk response planning takes place. The response plan outlines how the risk will be addressed. The purpose of the plan is to identify the actions that will be taken to mitigate, eliminate, transfer, or accept the risk. Risk transfer is one of the strategies employed in the risk response plan.

Risk transfer is a risk mitigation technique in which the risk is shifted from one entity to another. The ownership of the risk is shifted to a third party or a contractual arrangement. An insurance policy is one of the most prevalent examples of transferring risk. An organization can obtain insurance coverage to transfer risk. If a company is concerned about the financial impact of losing a key staff member, for example, it might buy key person insurance to offset the financial loss in the event of a death or disability.

Option D is the correct answer.

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The amount of interest expense appearing on West's year 1 Income statement would be: $1,020.

Here's how we can calculate it:

we need to find out the interest on the principal amount of $34,000 for a year. We can do that by multiplying the principal amount with the interest rate per year.

Given,

Amount borrowed by west company from valley bank = $34,000

Interest paid = 9% per year

Time =  1st Sept to 31st Dec  = 4 months

The note issued by West carried an 18-month term.

Interest expense = Principal amount × Rate × Time period

                            = $34,000 × 9% × (4 ÷ 12)

                            = $34,000 × 0.09 × (1 ÷ 3)

                             = $1,019.898.

After rounding off =$1,020

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The concept of probability used to make this estimate is relative frequency. Relative frequency is the probability of an event occurring based on its frequency relative to the total number of events. In this case, the relative frequency of a management major out of the 35 students is 9/35, or 0.257.

This means that there is a 25.7% chance that a randomly selected student is a management major. This type of probability is based on the law of large numbers, which states that if the number of trials is large enough, the relative frequency of an event will approach its true probability.

Thus, in this case, the relative frequency of a management major out of the 35 students can be used to estimate the true probability of a student being a management major.

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