Answer:
A decrease of $7,200 in the cash account and an increase of the same amount in the prepaid insurance account occurred.
Explanation:
In this case, there are only two accounts available;
1. Prepaid insurance account
2. Cash account
When Smart decided to pay $7,200 for an insurance premium on a three-year policy, he used $7,200 in cash to purchase a prepaid insurance premium at the same cost. This can be illustrated in the table below;
Account type Credit Debit
Cash account $7,200
Prepaid insurance account $7,200
Total $7,200 $7,200
From the above illustration, we can conclude that when Smart made a decision to purchase the insurance premium, he debited $7,200 from his cash account and credited $7,200 in his prepaid insurance account.
We can conclude that a decrease of $7,200 in the cash account and an increase of the same amount in the prepaid insurance account occurred.
Answer:
The answer is: the Catholic Church
Explanation:
The Catholic Church is not the only religion that opposes loaning money at interest: Muslims, Jews and other Christians also oppose it. It is considered a sin by many, the term they use is usury.
Probably if you think about it in a religious way, you might believe that interest is bad. I agree that businesses that charge higher interest rates than usual to certain groups of people are doing wrong (e.g. payday loans), but what banks do is not.
It is also a matter of personal belief, because it's easier to criticize someone else, but banks sometimes do good things. They help people buy their houses or pay for expensive medical care.
The world has changed, and will keep changing. Many things that we consider normal now will probably be considered outrageous in 50 or 100 years.
Stop-loss insurance plan (also known as excess insurance) is a product that provides protection against catastrophic or unpredictable losses.
It is bought via employers who have decided to self-fund their employee gain plans, but do not want to expect 100% of the legal responsibility for losses arising from the plans.
Essentially, stop-loss insurance plan is a tool used by employers to mitigate towards the risk of catastrophic economic loss. Losses are capped at a positive amount, and any expenses in excess of gotten smaller limits are included by way of the stop-loss insurer.
The stop-loss characteristic in foremost medical contracts serves to assist reduce these costs. The stop-loss feature places a restriction on the maximum out-of-pocket charges an insured ought to incur for health care, above which the policy pays a hundred percent of the final eligible expenses.
Learn more about Stop-loss insurance here:
Answer:
True.
Explanation:
Design of experiments can be defined as a systematic approach used to determine the relationship between factors (variables) affecting a process and its overall outcome or end result.
Generally, design of experiments involves the process of planning, conducting, evaluating and interpretation of controlled data to yield valid and objective outcomes.
Hence, design of experiments is a technique that helps identify which variables have the most influence on the overall outcome of a process.
This ultimately implies that, in order to achieve greater success and optimum level of output in an organization; design of experiments can be used to find cause-and-effect relationships of a process.
In conclusion, understanding which variables affect outcome is a very important part of quality planning.
B. too much socializing is going on.
C. there's an imaginary risk.
D. there's a hidden attitude.