Which sentence best explains the mistake Maggie made? Her mortgage payments are high, and some months, she earns barely enough to cover the essentials. Because homeowner's insurance was an added expense, she considered taking her chances and not buying it. However, the bank made it clear that this was not an option... When the agent returned on the line, he sounded like a different person. "Ma'am, I'm sorry, but according to our records, you do not have flood insurance protections in your policy. We do offer flood insurance as an add-on to basic homeowner's, but at additional cost." O She failed to properly assess her risk of storm damage. She did not always make her insurance payments on time. O She refused to share the risk of living in an area known for hurricanes. O She should have worked with a different bank to purchase her home.​

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented

University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator ÷ choose denominator = return on assets÷ = return on assets÷ = profit margin÷ = profit margin÷ = asset turnover÷ = asset turnover÷ = times

On december 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: accounts receivable, debit balance of $97,900; allowance for doubtful accounts, credit balance of $1,031. what amount should be debited to bad debts expense, assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible?