Lesson 1 (3.0 points) 1. What is a pure risk? (0.5 points) A risk of something negative happening, with no possibility of profit or gain. Either things will remain the same, or something bad will happen 2. Why do people take speculative risks?
What sort of negative outcomes are possible for this type of risk? (1-3 sentences. 1.0 points) You don’t have any money coming into the home. c. Would this risk be likely to create unexpected expenses? Why or why not?
As indicated in the definition of contingency, the term loss is used for convenience to include many charges against income that are commonly referred to as expenses and others that are commonly referred to as losses. The Contingencies Topic uses the terms probable, reasonably possible, and remote to identify three areas within that range.” Moreover, ASC 450-20-25-2 shows that “An estimated loss from a loss contingency shall be accrued by a charge to income if both of the following conditions are met: a. Information available before the financial statements are issued or are available to be issued indicates that it is probable that an asset had been impaired or a liability had been incurred at the date of the financial statements. Date of the financial statements means the end of the most recent accounting period for which financial statements are being presented. It is implicit in this condition that it must be probable that one or more future events will occur confirming the fact of the loss.
(4x + 1)2 6. (3n + 2)2 7. (t − 3)2 8. (7v − 3)2 9. (6p − 5)2 The figures below are squares.
Explain the significance of the St Petersburg Paradox, the Common Ratio effect, and simultaneous gambling and insurance, and their implications for Expected Utility theory The analysis of choice under risk departs from the standard theory of consumer choice, because we have to introduce uncertainty to the model. Uncertainty arises because the consequence of at least one option is not known to the decision maker (Gravelle and Rees 2004), but the probabilities of all possible outcomes are known. Examples of uncertain outcomes are represented by gambling and insurance. An individual who buys insurance is accepting a certain loss of a small sum, the insurance premium, in preference to a combination of a small chance of a much larger loss and a large chance of no loss. He is choosing certainty over uncertainty, and is risk averse.
This determines the point in which a profit begins to be turned. c. What deficiencies does payback have as a capital budgeting decision method? d. Does payback provide any useful information regarding capital budgeting decisions? e.
The goal of the program is not to pay for every expense a child may have but to help those families with a adopted special needs child to pay for the extra costs that arise; For example therapy or medicines. Federal subsidies were created through the Adoption Assistance and Child Welfare Act of 1980 (Public Law 96-272), the purpose being “…to encourage the adoption of special needs children and remove the financial disincentives to adoption for the families.” (nacac.org) that is on a federal level, on a state level the guidelines for subsidy vary depending on the sate one is
mTHCaroline Mauney English101-713 Charles Baker 22October2011 Foster Children Programs The foster care system in the United States addresses a precise set of cases--children who need temporary housing while their families sort out a difficult set of problems. Such children are likely to return to their families, but cannot do so until issues of employment, housing, and drug dependency are solved, which sometimes takes time. Many criticisms of foster care are based on practices that happened decades earlier (Jacobs).Today foster care is one useful tool in the arsenal of weapons available to social workers to assure that children are protected. Although In the United States this year, about half a million children
This assistance is available to eligible families through state agencies. Each state is responsible for determining eligibility for families in need. Child care subsidies are especially helpful to single mothers who are below the poverty income level. In his article, “Child Care Subsidies and Child Development, Erdal Tekin stated, simply getting a job often isn’t enough to move single mothers out of welfare (1).” Child care subsidies make the difference in helping single mothers move from the welfare roll to economic self-sufficiency. Rising concerns about the importance of early learning, literacy, school readiness and youth development mark the importance of child care subsidies in affecting the quality of care received by low-income children served through this program.
Do you wish your parents had no control over you? Do you wish you were free to do what you want? Well lucky for you when you turn eighteen that’s exactly what you’ll get. One thing you need to keep in mind is that you will be on your own. That means you will need to be paying for things.