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2 years ago

Which of the following personal property items has the HIGHEST specific limitation on coverage?

1 answer:

8 0

The personal property items that have the HIGHEST specific limitation on coverage are jewelry, watches, and precious stones or metals because they are saved in a location, especially in banks

<h3 /><h3>The properties having HIGHEST specific limitation on coverage.</h3>

A limit is the highest amount your insurer will pay for a claim that your insurance policy covers.

Some of these specific limits apply to a building or personal property at a single location.

From the listed option, the personal property items that have the HIGHEST specific limitation on coverage are jewelry, watches, and precious stones or metals because they are saved in a location, especially in banks

Learn more on specific limitations on coverage here: brainly.com/question/27015627

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Fixed expenses are $147,000 per month. The company is currently selling 2,000 units per month. The marketing manager would like

vitfil [10]

Answer:

Explanation:

We don't have enough information to calculate the exact effect on the net operating income. For example, we will need the selling price and unitary variable costs. But we can calculate the effect on the fixed costs and selling variable costs.

Savings in fixed costs= $22,000

Increase in total variable costs= 13* 2400 units= $31,200

To decide whether it is convenient or not we need the information previously stated.

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3 years ago

You manage an equity fund with an expected risk premium of 12.4% and a standard deviation of 38%. The rate on Treasury bills is

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The expected return = = 12.84 %.

The standard deviation = 22.8 %.

<u>Explanation</u>:

On the client's portfolio (total investment = 120 K + 80 K = 200 K,

The expected return

= (12.4 %risk premium + 5.4 %risk free return) $\times$ (120 K / 200 K) + 5.4 % $\times$ (80 K / 200 K)

= 17.8 % $\times$ 0.6 + 5.4 % $\times$ 0.4

= 12.84 %.

The standard deviation would be = 38 % $\times$ 0.6 + 0% $\times$ 0.4

= 22.8 %.

4 0

3 years ago

Bingerton industries began the year with inventory of$85,000. Purchases of inventory on account during the year totaled $310,000

Charra [1.4K]

The first entry of the journal records the inventory of of $310,000 as debited and accounts payable as credited.

<h3>What is inventory management?</h3>

The process of counting and recording fluctuations in the prices of assets such as raw materials, work-in-progress, and finished goods refers as Inventory management.

Following are the Journal entries-

1. Inventory accounts A/c $310,000

To Accounts Payable A/c$310,000

(Being the inventory is purchased)

2. Accounts Receivable A/c $520,000

To Sales Revenue A/c $520,000

( Being inventory is sold)

3. Cost of Goods Sold A/c $335,000

To Inventory A/c $335,000

(Being inventory is sold )

Learn more about Inventory, here:

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2 years ago

Bill manages the quality department. His people check parts made by the production departments to assure all specifications are

densk [106]

Answer:

B. a staff manager

Explanation:

A staff manager is in charge of a revenue consuming department in an organization. He or she is in charge and supervises the employee in that department. Examples of revenue consuming departments include accounting, human resources, and customer service. The main role of staff managers is to keep employees motivated, well-informed, engaged, and focused.

Staff managers form an important link between employees and top management. Even though they don't make operating decisions, they help in the decision-making process by providing information and guidance. Unlike the line managers, the staff managers do not have directs control of employees, neither are they engaged in managing the day to day business operations of the organization.

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3 years ago

Waterway Industries records purchases at net amounts. On May 5 Waterway purchased merchandise on account, $82000, terms 2/10, n/

worty [1.4K]

Answer:

$1,500

Explanation:

The computation of the amount adjusted on May 31 is shown below:

= (Purchase value of the merchandise - returned goods) × discount rate

= ($82,000 - $7,000) × 2%

= $1,500

The terms 2/10, n/30 represent the 2% discount is given if the payment is made within 10 days and the net days provided is 30 days

So, the amount adjusted is $1,500

5 0

3 years ago