TRUE/FALSE southern industries:a realistic simulation of substantive testing for accounts receivablea step-by-step student guide to auditing accounts receivable

Answers

Answer 1

The statement is true. A Simulated Substantive Test for Receivables in Real Life A Student's Step-by-Step Guide to Accounts Receivable Auditing

What is a substantive test ?The auditor's substantive procedures are the actions taken to find serious fraud or misstatement at the assertion level. Existence, rights and obligations, validity, and completeness are the various balanced assertions.The two types of substantive processes are tests of detail and analytical procedures. In general, analytical procedures offer less trustworthy evidence than the tests of detail. While tests of detail are only used in the substantive testing stage, analytical procedures are employed during multiple distinct audit phases.Management implies that the account balances and underlying classes of transactions are materially complete, valid, and accurate and do not contain any material misstatements. Auditors conduct what are known as substantive procedures to gather proof for these claims.

To learn more about substantive test refer :

https://brainly.com/question/28348083

#SPJ4


Related Questions

in order to avoid gain or loss on the contribution of property to form an entity, which entity type does not require control immediately after the contribution?

Answers

Partnership is the entity  does not require control immediately after the contribution, in order to avoid gain or loss on the contribution of property to form an entity.

What is Partnership so important?

You can have access to more knowledge, abilities, and resources through partnerships, which will enable you to produce better products and appeal to a larger market. All of these, when used in tandem with 360-degree feedback, can help your company grow. Your company's ideology will be strengthened by the ideal business partnership.

What is the purpose of a partnership?

A partnership is an arrangement between two or more people to oversee a company's operations and distribute its assets and responsibilities. In a general partnership corporation, the assets and liabilities are divided equally among all of the partners. Limited liability partnerships are regularly formed by lawyers and other professionals.

To know more about Partnership visit:

https://brainly.com/question/19988417

#SPJ4

an election is coming up and the majority political party wants to increase its chances of retaining majority control of congress. policy makers decide the best way to ensure reelection is to force the central bank to enact expansionary monetary policy. in the accompanying graph, shift the curve(s) to depict the impact this will have on the macroeconomy.

Answers

Given the decision of the policymakers to force the Central Bank to execute an expansionary monetary policy, the above will lowers the cost of borrowing. As a result, individuals prefer to spend more, while firms are motivated to invest more resources. In essence, the aggregate demand curve will move rightward.

How is this depicted in the Graph?

When an expansionary monetary policy is triggered, it facilitates an increase in the money supply. This pulls the entire demand curve to the right hence altering the equilibrium GDP (that is Aggregate quantity demanded) and price to higher points.

Note that in the graph above, the old Aggregate Demand curve is represented by AD while the new Aggregate Demand is depicted by AD'.

Note that while this is good in the short run, creating employment, and investments, it can also lead to inflation.

Learn more about Expansionary Monetary Policy:
https://brainly.com/question/28038989
#SPJ1

An organization is divided into functions such as operations and maintenance, each of which is headed by a manager. In small organizations, which of the following is most likely to be the title of such managers?a.Directorb.Executivec.Analystd.Coordinator

Answers

Director is most likely to be the title of such manager.

Every enterprise is managed via 3 foremost capabilities: finance, marketing, and operations control.

Making plans feature of control takes into account defining desires, establishing techniques and growing plans to coordinate activities of a business unit. The characteristic carries selection-making to outline desires for destiny organizational performance and drafting plans of movement to acquire them.

Learn more about Director here: https://brainly.com/question/24553900

#SPJ4

at the store, they pick out a leather sofa and two ottomans. the sofa is $1,499 and each ottoman is $299. are they eligible for the promotion?

Answers

For instance, "To be eligible for promotion, an employee must be rated at or above the expected level of performance, or, if you're looking at a longer time period, "the employee didn't get a rating of "under expectations" in the past two years."

How come you are qualified for promotion?

Because they are typically required to resolve issues that are more complex in the industry or organization, people who receive promotions typically possess excellent problem-solving and critical thinking skills. By coming up with creative solutions to any issues posed by your managers or your team, you can demonstrate that you are prepared for this.

What is the procedure for promotion?

A process by which an employee of a company receives a higher share of responsibilities, a higher pay scale, or both, is known as promotion or career advancement. A promotion is essential not only for the employer or business owners but also for the employees.

Learn more about eligible for promotion here:

https://brainly.com/question/28102478

#SPJ4

gasbuddy is a company started to help consumers save money on gas. which environmental trend is most likely to have provided the impetus for the creation of this company?

Answers

Gas buddy is a company started to help consumers save money on gas. The environmental trend is most likely to have provided the impetus for the creation of this company is economic forces impact the opportunities available to entrepreneurs.

The type and direction of the economy in which the company operates are hinted at by economic factors. Business organizations are greatly impacted by economic issues. The general state of the economy (such as depression, subsidence, recovery, or thriving), loan interest rates, stage of the financial cycle, parity of installments, money management strategy and financial arrangement are important considerations in the corporate venture, business decisions, and valuation decisions.

The impact of growth or decline in the net national product, as well as increases or decreases in loan fees, swelling, and the dollar's estimate, are regarded as the primary models of crucial impact on company tasks.

To know more about Economic Forces here

https://brainly.com/question/11075330

#SPJ4

In good economic times, a surge in lending exaggerates the episode of economic growth. Which of the following adaptations of monetary policy can moderate these exaggerated effects?

Answers

Monitoring asset prices and leverage are important for these aspects.

What do you mean by Economic growth?

Economic growth can be defined as an increase in the production of economic goods and services, compared from one period of time to another. For good economic growth  better tools and equipment, namely capital goods, and greater specialization of laborers are needed. Leverage helps to increase asset prices.

The four main factors of economic growth are

LandLaborCapitalEntrepreneurship.

Hence, Asset price and leverage play an important in these aspects.

To know more about Economic Growth from the given link

https://brainly.com/question/1690575

#SPJ4

Which of the following are product costs for a manufacturer? (Check all that apply.) Check all that apply. Store rent Depreciation on the factory equipment Depreciation on the office equipment Sales commissions to

Answers

Depreciation on the factory equipment are product costs for a manufacturer. Thus, option (b) is correct.

What is product?

The thing being sold is called a “product.” A product and service market foundation. Items are divided into two categories: industrial products and consumer products.

According to the depreciation on the factory equipment are the add-on the product costs to the manufacturer. There was the different in the expenses are the add-on the manufacturer production.

Therefore, option (c) is correct.

Learn more about on product, here:

https://brainly.com/question/22852400

#SPJ1

which of the following is true about the loanable funds market? responses the demand for loanable funds shows a positive relationship between real interest rates and the quantity demanded of loanable funds. the demand for loanable funds shows a positive relationship between real interest rates and the quantity demanded of loanable funds. the supply of loanable funds shows an inverse relationship between real interest rates and the quantity supplied of loanable funds. the supply of loanable funds shows an inverse relationship between real interest rates and the quantity supplied of loanable funds. investment is financed by national savings in a closed economy. investment is financed by national savings in a closed economy. investment is financed by government borrowing in an open economy. investment is financed by government borrowing in an open economy. public savings is the sum of national savings and private savings.

Answers

The demand for loanable funds will increase and the real interest rate will increase.

The interest rate is the price and money is the exchanged item in the loanable funds market. Households function as money suppliers by saving, and when the interest rate rises, they will supply a significant amount of money (i.e., they will save more). The interest rate is the return (or incentive) you receive for saving your money; the greater the interest rate, the more likely you are to save. This should be obvious.

In turn, businesses are the market's demanders of loanable capital. In this case, businesses are borrowing the money that families save so that they may make significant investments, like purchasing a new fleet of delivery vehicles or updating the software on the office computers.

To know more about loanable funds :
https://brainly.com/question/15851247

#SPJ4

the use of power or influence to engage followers in a full range of activities that serve to accomplish the leader's vision and goals for a work unit (a team or department or business unit) or organization is referred to as

Answers

Leadership is use of power or influence to engage the followers in full range of activities that serve to accomplish leader's vision and goals for work unit or organization.

What is Leadership?

A individual, group, or organization's capacity to "lead," persuade, or guide others includes both the leadership research area and the real leadership talent. "Leadership" is frequently portrayed as a divisive concept. Diverse viewpoints on the matter are examined in specialized literature, sometimes contrasting Eastern and Western as well as North American and European approaches to leadership. Leadership is fundamentally a strong partnership in which the influence of one side motivates the behavior of the other. Some people now accept the complex nature of leadership that can be found in both formal and informal roles at all levels of institutions, challenging the more traditional management ideas of leadership that have been challenged.

To learn more about Leadership, visit:

https://brainly.com/question/28965758

#SPJ4

TRUE/FALSE. starbucks would use demographic data in its decision not to place a location next to an office building that is mostly empty of tenants.

Answers

It's accurate to say that Starbucks would consider demographic information when deciding not to locate a location next to an office building with few occupied tenants.

Information on groups of individuals based on characteristics like age, gender, and place of residence, as well as socioeconomic criteria like occupation, family status, or income, is known as demographic data. In online analysis, consumer analysis, and targeting, demographic information and interests are among the most crucial facts. The focus of Starbucks demographic data gathering in marketing is less on data relating fertility and mortality demographic data and more on age, gender, and interests, in contrast to data collection in the academic subject of demography.

It's accurate to say that Starbucks would consider demographic information when deciding not to locate a location next to an office Starbucks building with few occupied tenants.

Learn more about demographic data here

https://brainly.com/question/7212745

#SPJ4

the market risk premium equals the question 37 options: risk-free rate of return plus the inflation rate market rate of return minus the risk-free rate of return inflation rate minus the risk-free rate of return risk-free rate of return plus the market rate of return risk-free rate of return multiplied by the market beta

Answers

The Market Risk Premium (MRP) is the difference between the market portfolio's expected return  and the risk-free rate.

What is market ?A market is a place where buyers and sellers come together to facilitate the exchange and trading of goods and services. A market place can be physical, like a retail store, or virtual, like an e-merchant.Many of the other  examples include illegal markets, auction markets, and financial markets. The structure of the economic market  can be divided into four categories: Perfect competition, monopoly competition, oligopoly,  monopoly. Categories differ in the following characteristics: The number of producers is large in monopoly competition, few in oligopoly, and he is one in monopoly.Markets matter. Markets are the mechanisms through which shares of a company  are bought and sold, providing companies with access to cash. Markets are very important for pricing, liquidity transformation, and enabling businesses to meet customer needs.

To learn more about market from the given link :

https://brainly.com/question/25754149

#SPJ4

a check or note that requires an endorsement to obtain money is an example of a . a. chattel real b. chose in action c. situs in action d. transfer of property

Answers

Option (b), A chose in action would be a check or note that needs to be endorsed in order to be paid.

What does it mean when a check is required to be endorsed?

The act of endorsing a check with your signature on the back enables the bank to conduct the transaction and helps to verify that you are the authorized recipient of the funds.

What does it mean when "chose in action"?

A chose in action or an object in action is a right to sue. Since Torkington v. Magee, it has become established law that any personal property rights that can only be asserted or upheld through legal action are referred to as "choices in action."

Is a chose in action a strength?

An asset that may only be claimed or enforced through legal or equitable proceedings rather than by physically taking control of the asset is known as a choice in action.

Learn more about act of endorsing: https://brainly.com/question/2853486

#SPJ4

savings institutions must have at least 65 percent of their assets in mortgage-related areas in order to maintain their thrift charter. group starts

Answers

8 In addition, to qualify for Federal Home Loan Bank lending, S&Ls should show that 65% of their belongings are invested in residential mortgages and other consumer-related assets.

What are savings institutions most important belongings and liabilities?

Unlike banks, financial savings institutions hold the considerable majority of their belongings in the structure of mortgages and mortgage backed securities. Like banks, the liabilities of financial savings establishments consist mainly of demand and time deposits.

What kind of monetary establishments does the Office of thrift?

Thrifts also refer to credit score unions and mutual savings banks that supply a variety of saving and loans services. Thrifts vary from business banks in that they can borrow cash from the Federal Home Loan Bank System, which permits them to pay individuals greater interest.

Learn more about financial institutions here:

https://brainly.com/question/11318364#SPJ4

at a world price of $5 with free and open trade, country b must import calculators. if country a has a domestic quantity demanded of 55 calculators and a domestic supply of 60 calculators, then how many calculators will country b likely import?

Answers

In the given case, when if country b has a domestic quantity demand of 55 calculators and a domestic supply of 60 calculators country b is likely to import 5 calculators.

What are import and export?

Exports are items that are sent to be sold in other nations, whereas imports are things that are bought from other nations owing to a lack of resources or lack of understanding of how they were made.

In the given case, if country a has a domestic quantity demanded of 55 calculators and a domestic supply of 60 calculators, they have the remaining 5 calculators which they are most likely to import after fulfilling domestic needs.

Learn more about import  and export, here:

https://brainly.com/question/26428996

#SPJ1

if at 500 units of output, total fixed cost is equal to $10,000 and total variable cost is equal to $15,000. total cost is equal to .

Answers

The total cost will equal to $25000.

What is total cost?

Total cost is the sum of all expenditures made to generate a certain level of production; when this total cost is divided by the amount produced, average or unit cost is discovered.

What is the formula for total cost?

As a result, total cost (TC) is the sum of fixed cost (FC) and variable cost (VC), or Kr + Lw = TC = FC + VC.

What are the overall expenses and earnings?

Total revenue less all costs, both explicit and implicit, equals economic profit. Even though a corporation pays income taxes based on its accounting profit, its economic profit determines whether or not it will be financially successful.

To know more about cost, checkout this link:

https://brainly.com/question/25109150

#SPJ4

Which factors can affect a stock's price check all that apply Brainly?.

Answers

Market performance, the company’s financial health and the economy can affect a stock's price.

Stock prices may increase if it appears that the economy will grow. Investors may purchase more stocks with the belief that future gains and greater stock prices are on the horizon. Investors may start selling or cut their buying if the economic picture is unsure.

The stock prices of businesses in the same sector frequently move in lockstep with one another. This is due to the fact that businesses within the same industry are typically impacted similarly by market conditions.

However, if two businesses are vying for the same market, occasionally bad news for one will boost the stock price of the other. A company's market capitalization and, by extension, its market value are impacted by changes in share prices. A company's market value increases with higher share prices, and vice versa.

To know more about stock price:

https://brainly.com/question/19644649

#SPJ4

Correct question:

Which factors can affect a stock's price? Check all that apply.

market performance

the company's financial health

the quantity products produced

location of the company

the economy

A study of trading behavior of individual investors at a discount brokerage found that individual investorstrade very actively, despite the fact that their performance is actually worse because of trading costs. trade very conservatively partly because their performance is better than the professionals' because of low trading costs. trade very conservatively, despite the fact that their performance is actually worse because of trading costs. trade very actively, because they avoid the costs associated with hiring a professional. trade very actively, partly because their performance is better than the professionals because of low trading costs

Answers

A study of the trading behavior of individual investors at a discount brokerage found that individual investors trade very actively, option a, even though their performance is worse because of trading costs.

An individual investor is also known as a retail investor who invests money in mutual funds or banks. They invest for personal goals like education goals and retirement plans. Since they invest for smaller amounts, the investment is very frequent with institutional investors.

Individual investors are more prone to emotional trading decisions due to their own money invested in the trade. Due to their frequent investment, they are prone to increased trading costs.

Learn more about individual investors here https://brainly.com/question/28526032

#SPJ4

you know the payment amount for a loan, and you want to know how much was borrowed. do you compute a present value or a future value?

Answers

You are curious about how much was borrowed because you are aware of the loan's payment amount. We'll figure out present value.

Future and current values: What are they?

The present value is the sum of money that must be invested today in order to realize a specific future aim. The amount of money that would increase in value over time if it were invested is called future value. The present value is the sum that has to be invested in order to receive the future value.

What is important about current value?

Due to its ability to compare values over time, present value is crucial. The benefits of PV can be realized by investors who are thinking about potential financial advantages from present assets or obligations. Investors can calculate a security's present value based on expected future returns; this information is used, among other things, in financial modeling, stock valuation, and bond pricing.

Learn more about present value: https://brainly.com/question/17322936

#SPJ4

true or false: if bob's fire engines were a competitive firm instead and $80,000 were the market price for an engine, increasing its production would not affect the price at which he can sell engines.

Answers

True, if bob's fire engines were a competitive firm instead and $80,000 were the market price for an engine, increasing its production would not affect the price at which he can sell engines.

A fully competitive firm's total revenue grows smoothly at a constant pace dictated by the current market price as it consistently generates more output.

For a perfectly competitive firm, profits will be highest—or losses will be lowest—at the output quantity where total revenues surpass total costs by the greatest margin, or where total revenues fall short of total costs by the narrowest margin.

A totally competitive corporation is unable to control the price it charges because it must accept the price for its output that is established by the supply and demand for the product in the market. In other words, since the price is predetermined by the profit formula, a firm that operates in a fully competitive market can sell any quantity of units at the same price.

To know more about  competitive firm :
https://brainly.com/question/14391694

#SPJ4

What must the complement of the supplement of an obtuse angle be

Answers

The complement of the supplement of an obtuse angle is always acute angle.

obtuse angle:

According to the concept of angle, an angle that measures less than 180 degrees but more than 90-degrees is an obtuse angle.

Given,

Here we need to find the complement of the supplement of obtuse angle is what.

As per the definition of the obtuse angle, acute angle is the complement of the obtuse angle.

To know more about business here.

https://brainly.com/question/24317308

#SPJ4

In Hau Lee's uncertainty framework to classify supply chains, a supply chain for innovative products with an evolving supply process is called which of the following?
Agile

Answers

An innovative product supply chain with a changing supply process is referred to as an Agile.

What is a supply chain?A supply chain is the network of all the people, businesses, resources, tasks, and technological advancements involved in the production and distribution of a good. An entire supply chain, from the distribution of raw materials from the supplier to the producer to the final delivery to the customer, is included. The distribution channel refers to the portion of the supply chain that transports the final good from the manufacturer to the consumer.What are the steps in the supply chain?Raw material sourcing.Reducing those materials to their component elements.Putting the components together to make a product.Fulfilling orders and sales.Product shipping.Services for returns and customer assistance.

An innovative product supply chain with a changing supply process is referred to as an Agile.

To know more about supply chain, check out:

https://brainly.com/question/27670727

#SPJ4

Agile refers to an innovative product supply chain with a flexible supply procedure.

What is supply chain?

The network of all the individuals, organizations, businesses, assets, tasks, and technical developments involved in the manufacture and distribution of a good is known as a supply chain. The distribution of raw materials from the supplier to the manufacturer and on to the final delivery to the client make up the entirety of the supply chain. The section of the supply chain that moves the finished product from the manufacturer to the consumer is referred to as the distribution channel. Locating raw materials, reducing those substances to their basic components, assembling the parts to create a product.

To know more about supply chain visit:

brainly.com/question/27670727

#SPJ4

If a market segment looks attractive, and serving that segment fits our corporate abilities, then we should _______.
Go for it!

Answers

If a market segment looks attractive, and serving that segment fits our corporate abilities, then we should Go for it.

Companies that comprehend market segments may demonstrate their marketing prowess while generating higher returns on their efforts.

Market segments are groups of people who are assembled for marketing objectives. Market segments are subdivisions of a larger market that usually combine individuals based on one or more similar characteristics. Companies and their marketing divisions use a range of criteria to determine the target market for their products and services.

Following a comprehensive study of the needs, way of life, demographics, and personality of the target client, marketing specialists apply a specific approach to each market group. Common characteristics of a market segment include its interests, way of life, age, gender, etc. Market segmentation by geography, demographics, psychology, and behavior are common examples.

Learn more about Market Segment here:

https://brainly.com/question/14024869

#SPJ4

assume it takes china 9.5 hours to produce rice and 4 hours to produce beans, and it takes canada 9 hours to produce rice and 9 hours to produce beans. which nation has an absolute advantage in producing rice?

Answers

Answer:

Canada

Explanation:

what kind of innovation do hulu, amazon prime video, and airbnb represent? group of answer choices sustaining disruptive incremental radical

Answers

Disruptive innovation is being represented by Hulu, amazon prime video, and Airbnb.

When a goods or services that was previously exclusive to affluent or highly educated people is converted to one that is more widely available and accessible, this is considered to as disruptive innovation. By displacing experienced, well-established rivals, this transition creates a market disruption.

Instead of improving or upgrading items for a single target market, disruptive innovation concentrates on the methodologies employed to make them accessible to and used by a larger, untargeted market. The emergence of online digital downloads, which have mostly supplanted audio CDs, is an instance of disruptive innovation (CDs).

Learn more about disruptive innovation here:

https://brainly.com/question/23181265

#SPJ4

when a company rejected sara, who would have been a poor performer on the job, which assessment outcome occurred a. true positive b. true negative c. false positive d. false negative

Answers

When a company rejected Sara, who would have been a poor performer on the job, True negative assessment outcome occurred in this case.

When an attack has not occurred and no alert has been sounded, you are in a real bad situation. A genuine negative is an assessment when all of your rules, tools, and signatures have been applied to a data packet or log and have found no conditions that would cause an alert to be raised. True negatives must be taken into consideration while tuning your security systems because doing so may modify their sensitivity and convert true negatives into false positives.

Learn more about assessment here:

https://brainly.com/question/28680021

#SPJ4

What Joseph Stiglitz said about the gap between the rich and the poor?.

Answers

Joseph Stiglitz said- The rich might not completely recognize it, however it's miles of their personal self-hobby to make certain that everyone in our society does well, and that the distance among the wealthy and the negative would not maintain to growth because it has.

The required details for Joseph Stiglitz in given paragraph

Joseph Eugene Stiglitz  is an American New Keynesian economist, a public coverage analyst, and a complete professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979).He is a former senior vp and leader economist of the World Bank. He is likewise a former member and chairman of the (US president's) Council of Economic Advisers. He is thought for his aid of Georgist public finance theory and for his essential view of the control of globalization, of laissez-faire economists (whom he calls "free-marketplace fundamentalists"), and of global establishments which includes the International Monetary Fund and the World Bank. In 2000, Stiglitz based the Initiative for Policy Dialogue (IPD), a suppose tank on global improvement primarily based totally at Columbia University. He has been a member of the Columbia school in view that 2001, and obtained the college's maximum educational rank (college professor) in 2003.

Joseph Stiglitz turned into the founding chair of the college's Committee on Global Thought. He additionally chairs the University of Manchester's Brooks World Poverty Institute.

To know about Joseph Stiglitz click here

https://brainly.com/question/14783362

#SPJ4

jake applied for a job at texco inc. because his friend chad, who is a manager there, told him to do so. in this scenario, jake is a(n)

Answers

Jake applied for a job at texco inc. because his friend chad, who is a manager there, told him to do so. in this scenario, jake is an referral.

Business managers motivate staff members to work hard so that the company can run smoothly and, in the case of for-profit businesses, turn a profit. They should be proficient in the following fields, and they may even be experts in one or more of them: finance, marketing, and public relations.

A corporate manager may also be skilled in the following technical fields: law, science, and computer programming. Business managers may even have control over human resources in some situations. In many firms, the position may be created to release the owner of responsibilities so that they may concentrate on particular elements of business growth.

To know more about Manager here-

https://brainly.com/question/29023210

#SPJ4

in a report on the real estate market in florida, which two of the following charts would be the most useful? (choose every correct answer.)

Answers

-Average Incomes in Florida Metropolitan Areas

-Home Ownership Rates in Florida

PROPERTY. the buying and selling of real estate and structures Reduced home sales have made the real estate market better for buyers, giving them many options at cheaper prices. commercial and residential real estate markets.

Real estate is defined as the land and any affixed permanent structures, such as a house, or improvements, whether created naturally or artificially.

Real property includes real estate. It differs from personal property, which includes things like farm machinery, boats, jewelry, furniture, and cars that are not anchored to the ground.

learn more about real estate here:

https://brainly.com/question/10336196

#SPJ4

in which two of the following scenarios would a buyer be expected to pay a higher premium for a given public target?

Answers

In the given scenarios a buyer would be expected to pay a higher premium for a given public target All-cash deal Target trading at a 52-week low

A target market is a population that has been chosen because of shared traits like age, income, and lifestyle as the most likely candidates to purchase a product. When a business designs, packages, and advertises its product, determining the target market is a crucial step in the decision-making process.

A product development strategy must include planning for manufacturing, distribution, pricing, and promotion in addition to identifying the target market. A lot of important aspects of the product itself are determined by the target market.

Learn more about target trade here:

https://brainly.com/question/17140716

#SPJ4

Which of the following is classified as a nondepository institution? A) Credit union. B) Insurance company. C) Commercial bank. D) Savings and loan.

Answers

Insurance company is classified as a non-depository institution. There are other smaller non-depository institutions like pawn shops and venture capital companies, although their contributions to the economy are significantly less.

Insurance companies, pension funds, securities companies, government-sponsored businesses, and financial institutions are examples of non-depository institutions.

Insurance firms shield their clients from the financial hardship brought on by unanticipated occurrences like accidents or early demise. To cover the greater claims to those who suffered losses, they aggregate the little premiums of the insured. While the losses are unpredictable in terms of time and magnitude, the premium payments are predictable. An insurance business may make money by utilizing statistics to properly predict the cost of claims over a broad group and by investing its excess funds for higher returns, which helps to keep premiums low and competitive.

Learn more about Insurance here:

https://brainly.com/question/25855858

#SPJ4

Other Questions
What are the 3 plots in Merchant of Venice?. Design a controlled experiment to test the effect of varying pH, temperature, or enzyme concentration. you purchased 320 shares of stock at a price of $47.76 per share. over the last year, you have received total dividend income of $355. what is the dividend yield? between 1975 and 2006, entering college students in the united states have demonstrated self-esteem and optimism. please choose the correct answer from the following choices, and then select the submit answer button. answer choices deceased; increased increased; decreased decreased; decreased increased; increased Why does the US import oil if it exports oil?. in most cases, involuntary turnover should not occur based on one employee offense. an effective discipline program should have a system in place that includes documentation and progressive measures of discipline (called the progressive discipline system) to teach employees what is expected. additionally, many organizations use alternative dispute resolution (adr), employee assistance programs (eap), and possibly outplacement counseling as part of this process. this activity is important because establishing a formal discipline process, called progressive discipline, allows the organization to have a systematic way to handle employee problem behaviors fairly. the primary purpose is to teach employees what is expected of them and create the opportunity in which the employee tries to do what is expected. progressive discipline identifies and communicates unacceptable behaviors and responds to repeated offenses with a series of graduated steps such as spoken and written warnings, temporary suspensions, and termination. the consequences become more serious if the employee repeats the offense. examples that could be addressed include tardiness, absenteeism, performance issues, and cyberslacking. other organizations use impartial outsiders to solve problems using alternative dispute resolution. adr has four stages: open-door policy, peer review, mediation, and arbitration. discipline issues that do not deal with interpersonal or performance elements may be resolved through an employee assistance program (eap). these programs provide professional treatment for various problems, such as drug and alcohol abuse. lastly, if after a series of offenses, the employee is terminated, they may be provided with outplacement services that will help them build skills to manage the transition to find new employment. the goal of this activity is to match the appropriate type of discipline and associated phase of the process the employee is experiencing based on the situation. What are the advantages of oxygen cycle?. Select all the correct statements about the disadvantages of using coal.- Burning coal produces greenhouse gases, which can affect climate- Burning high-sulfur coal can lead to acid rain- Mining coal underground is dangerous- Burning coal produces ash, which can pollute the air Which type of virus can use all host polymerases for transcription and replication?. What is the term for the path that the product follows from the producer to the customer?. (A.2) Please determine whether the following is a equivalence relation.a) [1010001000101000001000001]b) [0001001000001001001000000]c) Domain is {0,1}6. Define relation R: xRy if y can be obtained from x by swapping any two bits. PLEASE HELP ME WITH THIS ASAPin 3-5 sentences, assess how successful Russian imperial methods of political control were. A check-cashing service found that approximately 5% of all checks submitted to the service were bad. After instituting a check-verification system to reduce its losses, the service found that only 45 checks were bad in a random sample of 1124 that were cashed. Does sufficient evidence exist to affirm that the check-verification system reduced the proportion of bad checks? What attained significance level is associated with the test? What would you conclude at the \alpha = .01level? an original sample of a radioisotope had a mass of 50 grams. after 3 days, 6.25 grams of the sample remained. what is the half-life of the radioisotope? What to the Slave is the Fourth of July purpose ?. What is the line segment BC?. Iron particles in basalt on the ocean floor tell scientists select answer. In two adjacent magnetic stripes, the iron particles show select answer alignments. By the time you turn 60, a large percentage of your net worth will likely consist of?. Find the equation of the line that satisfies the conditions given in each of the following: 1. Through (3, 2) and (5, 7) 2. Through (-3, 4), m = 2 3. m = -3, b = 5 4. x-intercept = 3, y-intercept you experience vomiting, intestinal cramps, and bloody diarrhea a day after eating a hamburger at a friend's outdoor barbeque. what type of illness should you suspect?