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Drunk Driving: The Dangers Of Alcohol

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Drunk Driving: The Dangers Of Alcohol

Commander Hamzat highlighted the importance of such initiatives, noting, “The task of ensuring a safer motoring environment in Nigeria is a crucial and collective responsibility. This long-standing partnership between Guinness Nigeria and the FRSC serves as a powerful example of corporate and governmental collaboration to create a positive impact on public safety. Another important confounding factor to be considered is physical activity level. Many epidemiologic studies fail to consider lifestyle choices such as physical activity and sedentary behaviors despite the fact that increased energy expenditure may counter increases in energy intake through alcohol consumption 17, 23, 30, 32, 40, 42.

Drunk Driving: The Dangers Of Alcohol

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Alcohol use disorder can include periods of being drunk (alcohol intoxication) and symptoms of withdrawal. For more information about alcohol and cancer, please visit the National Cancer Institute’s webpage “Alcohol and Cancer Risk” (last accessed June 6, 2024). A .gov website belongs to an official government organization in the United States. Our free email newsletter offers guidance from top addiction specialists, inspiring sobriety stories, and practical recovery tips to help you or a loved one keep coming back and staying sober. In both cases, having a safe plan beforehand can eliminate a tough decision under stress.

Drunk Driving: The Dangers Of Alcohol

In other words, the state law considers drivers “under the influence” whenever their ability to safely operate a vehicle is impaired by consuming any amount of alcohol or drugs, according to Wisconsin DOT. This means that if an officers pulls you over and determines your driving has been impaired by alcohol or drugs, you could be arrested even if your BAC level is below 0.08%. Observational studies consequences of driving drunk include: on the effect of alcohol intake on obesity date back almost 30 years 6.

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If you fail the test, you may be asked to take a breathalyzer or BAC test. Failing the BAC test can result in a night in jail and charges for DUI or DWI. Penalties for drinking and driving have increased in all states and can vary. If you cause an accident while driving drunk, the penalties are more severe, and even stricter if someone is injured or killed.

Drunk Driving: The Dangers Of Alcohol

Charitable Care & Financial Assistance

When it comes to cyclist and pedestrian safety, concern is higher among Americans with lower incomes (53%) than among those with middle or upper incomes (44% each). Studies have found that lower-income communities have higher rates of pedestrian deaths, as people without cars in these areas often rely on dark highway shoulders or other unsafe walking routes to get around. Thus, the researchers estimated that within 1 year, more than 350 deaths were attributed to drinking by others, and more than 10 million Australians (or 70 percent of all adults) were negatively affected by a stranger’s drinking (Laslett et al. 2010).

  • In contrast, AUDs are not among the 10 most important causes of disabling disease and injury in women (WHO 2008).
  • Men are also more likely to drink beer, which is carbohydrate rich, and provides more energy than wine per standard drink 5.
  • As with cross-sectional studies, the way by which alcohol intake is measured and categorized likely influences the interpretation of the results.

BAC limits are most effective when enforcement is consistent and highly visible, when detection of violation results in penalties that are certain, swift and sufficiently severe, and when supported by effective public education    campaigns. Alcohol is a substance that reduces the function of the brain, impairing thinking, reasoning and muscle coordination. Get professional help from an online addiction and mental health counselor from BetterHelp.

Both situations, especially the latter, occur frequently, almost daily, while it is true that the amount of alcohol consumed in the former is considerably higher and therefore more dangerous. Around 60% of respondents believe that driving under the influence of alcohol is maximum risk behavior. A smaller percentage compared to those reported by other studies in which the percentage of people that saw drink-driving as a major threat to safety reached 81% 15. Every phone call was screened to determine the number of drivers (aged 14 or older) in the household. The selection criteria were possession of any type of driving license for vehicles other than motorcycles and driving frequently. The importance of answering all the questions truthfully was also stressed.

Is Prepaid Insurance An Asset: Accounting Enigma Explained : Insurance Blob

is prepaid insurance a contra asset

Clearly, no insurance company would sell insurance that covers an unfortunate event after the fact, so insurance expenses must be prepaid by businesses. Unexpired or prepaid expenses are the expenses for which payments have been made, but full benefits or services have yet to be received during that period. Prepaid assets are nonmonetary assets whose benefits affect more than one accounting period. They include items such as prepaid insurance and prepaid rent and essentially represent the right to receive future services. Most calculations dealing with prepaid insurance involve determining how much of that prepaid insurance expense is recognized in each accounting period. This is usually done by dividing the total premium paid by the coverage period, which may be expressed in months or years.

Benefits of Prepaid Insurance

In layman’s terms, prepaid expense is recognized on the income statement once the value of the good or service is realized, i.e, the service or good is delivered. In most cases, this is the correct entry to book, however, in certain transactions we are paying upfront for the right to use an asset or receive a service over a defined period of time. Prepaid insurance is an asset account on the balance sheet, in which its normal balance is on the debit side.

Why Is Prepaid Insurance Considered a Debit in the Asset Account?

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. HighRadius empowers accounting teams to work more efficiently, accurately, and collaboratively, enabling them to add greater value to their organizations’ accounting processes. At Finance Strategists, we partner with financial experts to ensure the accuracy of our financial content. Prepaying your insurance can seem like a tempting way to save money and simplify your finances. The company expects to use the coverage within the next year, even if the formal period extends beyond. For example, you might pay a year’s worth of car insurance upfront at the beginning of the year.

Impact of prepaid expenses on liquidity ratios

  • Prepaid or unexpired expenses can be recorded under two methods – asset method and expense method.
  • For example, if you have a debt obligation, such as a loan, and you owe $1,000 next month but decide to pay that amount this month, that is a prepayment.
  • It provides the benefit of obtaining services at a predetermined cost, which aids in budgeting and financial stability.
  • In this case, Prepaid Insurance is classified as current assets on the Balance Sheet, as shown below.

Unlike conventional expenses, businesses tend to receive something of value from the prepaid expense over the course of several accounting periods. To illustrate how prepaid insurance works, let’s assume that a company pays an insurance premium of $2,400 on November 20 for the six-month period of December 1 through May 31. The payment is entered on November 20 with a debit of $2,400 to prepaid insurance and a credit of $2,400 to cash. As of November 30, none of the $2,400 has expired and the entire $2,400 will be reported as prepaid insurance. It is included under prepaid expenses with other pre-paid items like prepaid rent, prepaid taxes, and prepaid utilities. These are the type of expenses paid in advance but that have not been incurred or used.

Do you own a business?

Among these, one particularly important type of prepaid expense is prepaid insurance. Because they represent a future benefit owed to the company, companies list prepaid expenses first on the balance sheet in the prepaid asset account. Because companies anticipate them to be consumed, employed, or spent through regular business activities within a year. The term prepaid insurance refers to payments that are made by individuals and businesses to their insurers in advance for insurance services or coverage. Premiums are normally paid a full year in advance, but in some cases, they may cover more than 12 months. When they aren’t used up or expired, these payments show up on an insurance company’s balance sheet.

is prepaid insurance a contra asset

Businesses can further simplify their accounting processes with AI/ML-powered Transaction Matching automating data extraction and reconciliation enabling firms to experience an auto match rate of 90%. Ask a question about your financial situation providing as much detail as possible. Our goal is to deliver the most understandable and comprehensive explanations of financial topics using simple writing complemented by helpful graphics and animation videos. Based in Texas, Eric contributes significantly to Insurance Insights, leveraging his expertise to provide valuable insights into the world of insurance. His dedication to making insurance-related topics accessible sets him apart in the industry. Having spent years exclusively writing for TripAdvisor, Eric possesses a deep understanding of how to communicate complex insurance concepts to a broad audience.

The software that’s sold with this type of arrangement is often referred to as SaaS, or “Software as a Service,” because of its similarity to service contracts. Leases can be a great example of situations where a contract may require a lessee to pay a portion of their obligation prior to or at lease commencement. These types of stipulations are generally observed in real estate leases where the landlord typically requires one or two months of the monthly rent obligation upon execution of the contract or at lease commencement. Note that this situation is different from a security deposit which is generally refundable. As the policy is consumed from month to month, the policy’s value for those months will be recorded as a credit, and the entries in the two columns will eventually cancel out or total zero. The most important calculation regarding prepaid insurance reflects the unexpired portion of the policy.

At the end of twelve months, the asset account would show a balance of zero for the insurance premium and a total of $12,000 in the insurance expense account. Prepaid insurance is recorded in the general ledger as a prepaid asset under current assets. A current asset is a financial resource that can be easily liquidated, or converted to cash, in a year or less.

In this way, the asset value of the prepaid insurance will be reduced to zero at the end of the time period which was paid for in advance. Similarly, the expense will reach the total of the prepaid amount at the end of that same period. On 1 September 2019, Mr. John bought a motor car and got it insured for one year, paying $4,800 as a premium. When he paid this premium, he debited his insurance expenses account with the full amount, i.e., $4,800. At the end of each month, an adjusting entry of $400 will be recorded to debit Insurance Expense and credit Prepaid Insurance. Notice that the amount for which adjustment is made differs under two methods, but the final amounts are the same, i.e., an insurance expense of $450 and prepaid insurance of $1,350.

Insurance providers may allow a business to pay multiple monthly premiums in advance, in the form of one lump sum. For the insurance company, it generates more working capital and greater customer retention. For example, if you have a is prepaid insurance a contra asset debt obligation, such as a loan, and you owe $1,000 next month but decide to pay that amount this month, that is a prepayment. A prepaid expense, on the other hand, is any good or service that you’ve paid for but have not used yet.

Concurrently, we are also amortizing both the long-term and short-term balances of the prepaid subscription. The business’s records would show four months of insurance policy as a current, prepaid asset. It would be entered into the general ledger as a debit of $12,000 to the asset account and a credit for the same amount to the cash account. A premium is a regular, recurring payment made to a provider for the benefit of having insurance coverage. Simply put, prepaid insurance is a payment you make for insurance coverage in advance, typically covering a period longer than one accounting period. The quick ratio, while also being a liquidity ratio, only factors in an organization’s most liquid assets such as cash and cash equivalents that can be converted the quickest, hence the same.

Content

Но в плане подтверждения документов букмекер проводит достаточно специфичную политику. БК Mostbet получила лицензионное разрешение работать на территории РФ не так давно. Собственных Пунктов приема ставок в России у этой конторы пока нет.

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Она находится в доменной зоне .ru, имеет соответствующую лицензию от ФНС РФ, подключена к первому ЦУПИС, входит в состав первой СРО и стабильно уплачивает налоги. На официальном сайте и в мобильной версии, а также в приложении Mostbet на Айфон (iOS) или Андроид регистрация аккаунта доступна только совершеннолетним гражданам РФ. Сегодня в правовом пространстве России работают две букмекерские конторы Мостбет, которые принимают ставки на спортивные события. Несмотря на то, что у этих операторов идентичное название, единые линия, роспись и коэффициенты – они юридически не связаны между собой. Если на привязанный к аккаунту номер телефона зарегистрирован подтвержденный кошелек ЦУПИС, то первый этап идентификации пройдет автоматически.

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Так, для пользователей портативных устройств разработано несколько программ, позволяющих получать доступ к аккаунту практически в любом удобном месте. В 2019 году у игроков появилась возможность скачать приложение Мостбет на айфон. Политика AppStore не поддерживает распространения приложений для гемблинга. Мы расскажем, как скачать mostbet на айфон бесплатно и без лишних хлопот.

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Поэтому в данном случае проще воспользоваться поиском в магазине. Обнаружив утилиту, нажимаем «Загрузить», подтверждаем свое намерение и ожидаем завершения скачивания. Достаточно указать одинаковые номера телефонов, чтобы была произведена синхронизация.

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Что Выбрать, Мобильную Версию Сайта Или Мобильное Приложение Мостбет?

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Среди других акций Mostbet – экспресс-бустер, который дает игрокам возможность увеличивать выигрыш от экспресс-ставок – коэффициент связки от трех событий будет увеличен на 3-10%. Играть с мобильного телефона можно с помощью адаптированной и упрощенной версии сайта, а также установить специальный софт. Официальная программа для с OS iOS имеет все те же функции, что и основной сайт букмекера. Однако полный доступ к функционалу откроется только в том случае, если клиент подтвердит свою личность.

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Пользуйтесь приложениями только от проверенных разработчиков и сервисов. Судя по отзывам, мобильное приложение работает без нареканий. Ошибок, багов и различных неисправностей не обнаруживается.

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  • The last step is making sure both your employees and the appropriate government agencies are paid on time correctly.
  • Employees want to be paid on time and if you can’t manage payroll efficiently, then you could lose important members of your team and even have legal difficulties.
  • However, if you calculate what your own time is worth and how long it takes to process payroll, you may find that you aren’t saving money.
  • Payroll refers to the process or system used to calculate and pay the salaries of all employees.

While you can handle payroll yourself, we recommend finding an affordable payroll software or service to handle it for you to save time and headaches. If you have employees who are paid on an hourly basis then you’ll likely want to use an automated time tracking system. Having employees fill out time cards manually isn’t reliable and could cost you money from time theft. You can increase efficiency and speed up the payroll process by using the right tools to track your employees’ time. Employees want to be paid on time and if you can’t manage payroll efficiently, then you could lose important members of your team and even have legal difficulties. From your overall process to every single pay period, it’s important to have documentation for everything.

How do you manage payroll processes?

Get payroll or bundle with accounting to help you manage your team and your business. Learn how to get set up, pay your team, find HR
support and benefits, and sync with accounting so
you can manage everything in one place. This is where you do all of the payroll calculations on your own and then submit any direct deposits or print any checks all by yourself. You’ll need to keep your own records and find a system for calculating every single payroll payment.

Outsourced Payroll Service

We’ll help you stay compliant with our guided payroll setup. Our payroll experts are available to help you assist you along the way. We’ll set up how to calculate monthly accumulated depreciation your payroll for you with QuickBooks Payroll Elite. With QuickBooks Payroll Premium, we’ll review your setup to make sure everything is correct.

Same-day direct deposit

If cash is tight but you know you want to manage your payroll with software, check out our best free payroll software. The role of HR in payroll management depends on the company and what system is in place to process payroll. Using a payroll service may take HR out of almost everything related to payroll while using software might place HR in charge of all payrolls. It’s a good idea, no matter who is processing your payroll, to complete audits from time to time. You’ll want to make sure that the process is being done correctly and that all of your tax filings are being processed and completed correctly.

Auditing the process can help you unlock new efficiencies or opportunities to teach your payroll team how to handle routine tasks or escalation issues better. Many businesses decide to process payroll manually on their own when first starting out. While this doesn’t incur third-party costs, it can be difficult as your business must keep track of many different types of employment records when you start paying employees. These records include income tax withholding, Social Security tax and federal unemployment tax. Payroll management encompasses the entire process of calculating employee hours, paying employees, withholding taxes and maintaining the financial documentation for your business.

The #1 payroll provider for small businesses

Salary refers to the amount of pay earned by each individual employee. Payroll refers to the process or system used to calculate and pay the salaries of all employees. It is also a good idea to discuss payroll as part of onboarding new employees, so they know what to expect and who they can talk to if they have questions. The most basic plan costs $59 per month per employee for up to 49 employees and goes down to $49 per month for each employee after that.

We help 1.4 million businesses manage payroll and file taxes.2

Many businesses appreciate the touchpoint with their employees of managing the process and making sure they are the ones that deal with any issues that come up. Having a third party handle that could impact your business culture in a way you may not intend. Payroll software can be extremely affordable, costing from $40 per month plus $10 or less per employee. With all of the time, energy and potential liability involved in payroll, this is well worth the price. Money movement services are brought to you by Intuit Payments Inc. subject to eligibility criteria, credit and application approval.

Clarify with your clients exactly which payroll tasks you expect them to perform and which you will perform. The screenshot below is an example of a payday reminder that has been sent to both the accountant and the client. Notice that the From Name is filled with your firm’s name. The Reply To field contains your email address, so that if your client replies to the email, it will be sent to you directly. The Intuit Online Payroll name is not present in the email. It’s important that everyone involved in the payroll process is trained properly.