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3 years ago

9. While parked on the street overnight, the passenger window in Sam's car was

Business

1 answer:

myrzilka [38]3 years ago

4 0

Liability insurance coverage will help cover the cost to get the window replaced in this case.

<h3>What is Insurance?</h3>

This is defined as a means of protection from financial loss and include auto and health insurance etc.

Liability insurance will pay for property damage or injuries to another person caused when the individual is at fault. In this case, parking on the street makes the individual to be liable.

Read more about Insurance here brainly.com/question/25855858

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Describe at least two common types of variable expenses that you expect to have at some point in your life. (1-2 sentences. 1.0

Alex17521 [72]

<span>Two variable costs that I anticipate to have include transportation costs and entertainment costs. Transportation is a regional cost, and will vary depending upon the availability of alternatives, such as mass transit and walking, and the cost of owning a vehicle. Entertainment will vary based upon regional availability of specific activities as well as my personal tastes, as they evolve over time.</span>

5 0

3 years ago

Average daily demand is 50 units and the standard deviation is 5 units. Lead time is 2 days and the service level is 95%. A peri

Elis [28]

Answer:

475

Explanation:

The computation of the target level that should be set is given below:

= demand per day × (lead time + review period)+ safety stock

where

safety stock is

= z value at service level × standard deviation × √(review period + lead time)

= 1.64 × 5 × √(7 + 2)

= 24.67

Now the target level should be

= 50 × (7 + 2) + 24.67

= 474.67

= 475

7 0

3 years ago

Gilbert City had the following transactions involving resource inflows into its general fund for the year ended June 30, 20X8:

Advocard [28]

Answer:

$2,289,500

Explanation:

Preparation of the schedule to show the amount of revenue that should be reported by Gilbert’s general fund on the statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 20X8

Gilbert City

REVENUE REPORTED by the General Fund

For the Year Ended June 30, 20X8

Property tax revenue $1,862,000

[$2,000,000-$100,000-($2,000,000-$100,000)*2%)]

Interest revenue on advance $1,500

Grant revenue used to acquire computer equipment $235,000

Sales tax revenue $125,000

Liquor license revenue $66,000

Total revenue reported $2,289,500

Therefore the amount of revenue that should be reported by Gilbert’s general fund on the statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 20X8 is $2,289,500

3 0

3 years ago

During its 2021 fiscal year, Jacobsen corporation reported before tax income of 620,000

mixer [17]

Income before tax is the income that is before it has been taxed or before applying deduction.

<u>Explanation:</u>

An individual or organization's salary before taxes and deductions is before tax income for that company, organisation or for a single individual.

For singular pay, it is determined as the person's wages or pay, venture and resource gratefulness, and the sum produced using some other wellspring of pay. In an organization, it is determined as incomes less costs.

6 0

4 years ago

At the end of the year, overhead applied was $42,000,000. Actual overhead was $40,300,000. Closing over/underapplied overhead in

scoundrel [369]

Answer:

Hence, closing over overhead into Cost of Goods Sold would cause net income to increase by $ 1,700,000

Explanation:

Overheads are charged to units produced by the means of using an estimated overhead absorption rate. This rate is computed using budgeted overhead and budgeted activity level.

As a result of this, overhead charged to total units product might be over or under absorbed compared to the actual amount incurred.

Over applied overhead = Applied overhead - Actual overhead

= 42,000,000 - 40,300,00 = 1,700,000

Over applied overhead = $ 1,700,000

The adjustment required is to reduce the cost of gods sold by the amount of over-applied overhead because the cost of goods sold figure is would have over charged.

Hence, closing over overhead into Cost of Goods Sold would cause net income to increase by $ 1,700,000 because net income and cost of Goods Sold are inversely related.

4 0

3 years ago