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miv72 [106K]
2 years ago
14

Some business insurance policies cover "business interruption." If your business makes $300,000 per year and a flood prevents op

eration for 3 weeks, about how much money would you lose without business interruption insurance? a) $13,087 b) $15,566 c) $16,200 d) $17,308
Business
1 answer:
Yuki888 [10]2 years ago
8 0

Answer:

D): $17,308

Explanation: 300,000/365 = 822. 822 * 21 = 17300

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Juan recently completed 20 years of service in the army. during this time, he managed to save a little money and is entitled to
malfutka [58]

The suggestion suitable for Juan’s situation is for Juan to check out the enterprises zones in the Colorado. Having to check this out will help him to know where to locate his small business and to have a solution in terms of limiting his tax liability in his business.

4 0
3 years ago
Economic efficiency is defined as a market outcome in which the marginal benefit to consumers of the last unit produced is equal
nataly862011 [7]

Answer: true

Explanation:

Economic efficiency implies an economic state in which every resource is optimally allocated to serve each individual in the best way while minimizing waste and inefficiency.

7 0
4 years ago
The following bond investment transactions were completed during a recent year by Starks Company: Year 1 Jan. 31 Purchased 75, $
Nadusha1986 [10]

Answer and Explanation:

The Journal entries is shown below:-

Jan 31

Investment in Govt Bonds Dr, $75,000

Interest Receivable Dr, $375  

      To Cash 75,375

(Being cash is recorded)

July 31

Cash Dr $2,250  

      To Interest Receivable $375

       To Interest Income 1,875

($75000 × 6% × 5 ÷ 12)

(Being interest on bond is recorded)

Aug 30

Cash Dr, $34,650

Loss on Sale of Bonds Dr, $700

($35,000 - 980 × $35)                

     To Investment in Govt Bonds $35,000

      To Interest Income $350

(Being loss on sale is recorded)

Dec 31

Interest Receivable Dr,  $1,200  

To Interest Income $1,200

(40 × $1,000 × 6% × 6 ÷ 12)

(Being interest on bonds is recorded)

3 0
3 years ago
Venus Corp. operates in many countries. The company has a clearly written mandate for all its contractors abroad. According to t
seraphim [82]

Answer:

Code of ethics for its vendors

Explanation:

Code of ethics is the defined as the guide of principles that is designed or created in order to help the professionals in order to conduct the business with integrity as well as honesty.

The code of ethics also referred to as the ethical code, which might encompass the areas like employee code of conduct,  business ethics and code of professional practice.

So, the business who is operating in many countries, they mandate that all contractors need to ensure the safety measures as well as implement the same and the workers are made to work 9 hours only. Therefore, the company has set code of ethics for the vendors.

8 0
3 years ago
Van lives in Miami and runs a business that sells guitars. In an average year, he receives $842,000 from selling guitars. Of thi
OlgaM077 [116]

Answer:

manufacturer --> explicit cost

wages and utilities --> explicit cost

implicit cost --> rent of the showroom

implicit cost --> accountant salary

Explanation:

Implicit cost:

A cost already occurred but not necessarily shown or reported as a separate expense. It represents the opportunity cost of internal resources used without explicit compensation. The loss of potential income. but not of profits.

Resuming Implicit cost comes from the use of an asset, rather than renting or buying it.

Explicit cost:

Is a cost that occurs, identificable  and accounted. It occurs during business operations and has a clearly defined dollar amount.

Explicit and implicit costs are utilized in the calculation of economic profit. They are used to determinate profitable of a business

3 0
3 years ago
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