Liz baylor has a $100,000 ring and keeps $100,000 cash in a checking account that pays no interest. if the ring is stolen, liz will be forced to replace it at a cost of $100,000. the chance of this happening is 1/100. she can, however, get insurance that would completely reimburse to her the $100,000 if her ring was stolen. what is the largest premium she would be willing to pay if her u-function is : (i) u = y1/4 (ii) u = y4 (iii) u = y? where y denotes the amount of cash she has. (note that her utility function does not include the value of the ring, since she always has the ring.)
Answers: 3
Business, 22.06.2019 03:00, jayzeptor
For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c. prepaidrent. onseptember1ofthecurrentyear, thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.
Answers: 3
Business, 22.06.2019 06:00, milak23
Select the correct answer a research organization conducts certain chemical tests on samples. they have data available on the standard results. some of the samples give results outside the boundary of the standard results. which data mining method follows a similar approach? o a. data cleansing ob. network intrusion o c. fraud detection od. customer classification o e. deviation detection
Answers: 1
Business, 22.06.2019 11:00, PanjiUR9220
What is the correct percentage of texas teachers charged with ethics violations each year?
Answers: 2
Liz baylor has a $100,000 ring and keeps $100,000 cash in a checking account that pays no interest....
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