Answer:
The Business Auto Coverage Form does not cover automatic coverage for physical damage to trailers.
The correct answer is C
Explanation:
Trailers used for business purposes may be covered by physical damage coverage but they are not covered by automatic coverage.
Answer:
To make balance sheet we first have to calculate net income/net profit for the year.
<em><u>Net profit Calculation</u></em>
Service revenue $ 13,524
Insurance expense ($ 718
)
Depreciation expense ($ 4,876)
Interest expense ($ 2,392)
Profit $ 5,538
<em><u></u></em>
Balance Sheet
Asset
Non-Current Asset
Land $56,304
Buildings $97,336
Accumulated depreciation—buildings ($41,952)
Equipment $75,808
Accumulated depreciation—equipment ($17,222)
Total non Current Asset $170,274
Current Asset
Cash $10,893
Accounts receivable $11,592
Prepaid insurance $2,944
Current Asset $25,429
Total Asset $195,703
Equity
Common stock $55,200
Retain Earning (36,801+5,538) $42,339
Total Equity $97,539
Liability
Non-Current Liability
Current Liability
Accounts payable $8,740
Notes payable $86,112
Interest payable $3,312
Total Current Liability $98,164
Total Liability + Equity $195,703
Answer:
The correct answer is letter "E": having enough books to satisfy customer demands versus the cost of having the inventory.
Explanation:
As stated in the case, bookstores do not worry about if the newly published book is going to be a hit in the stores. They only care about if at least some of their customers would want to buy the politician's book. Thus, the challenge for them is to find out if the stock they have is enough for their customers and what is the cost of storing that amount of books in their inventory.
Answer:
a. his marginal benefit of the additional serving is greater than zero.
Explanation:
While consuming an additional unit of a commodity : consumer compares it's marginal/additional benefit (utility) MU with marginal/ additional cost i.e price P. Hence, equilibrium is where : Marginal Utility MU = Price P
However in this case, 'all you can eat' i.e unlimited food at $9. So, there is no additional cost for consuming 4th serving.
So, Tyrone will take consumption decision based on only marginal benefit - will consume if the marginal benefit i.e additional satisfaction from the 4th serving consumption > 0, because it will increase her Total Benefit/ Total Satisfaction.
If MU / MB of 4th serving is negative: she will be worse off consuming 4th unit, as it will reduce her total benefit/ satisfaction. If it's 0, she will be indifferent consuming 4th unit or not, as total benefit/ satisfaction will remain same.
