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zhenek [66]
3 years ago
5

Raymond owns an Accidental Death and Dismemberment Policy with a principal sum of $50,000, and a capital sum of $25,000. After o

wning the policy for several months, Raymond dies as the result of coronary artery disease. Lynn, his beneficiary, can expect to receive what amount of benefit from the policy
Business
1 answer:
schepotkina [342]3 years ago
6 0

Answer:

He will get nothing from the Accidental Policy.

Explanation:

  • Raymond owns an Accidental policy but he Dies from Coronary artery disease. according to insurance companies policy, he will get nothing when he is dead by any means other than by accident.
  • Insurance companies have their own regulations and policy.
  • The insurance company is liable to pay for the incident for which the insurance is taken.

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Johnson Superior Products Inc. produces hospital equipment and the setup requirements vary from product to product. Johnson prod
Oduvanchick [21]

Answer:

D) Johnson has failed to use the correct cost driver as the cost-allocation base for setup costs.

Explanation:

One of the main disadvantages of ABC costing method is that it is very hard and expensive to implement, and sometimes you cannot allocate all overhead costs to specific cost drivers. That is what happened here with Johnson's costing method, they combined two cost drivers and allocated resources using the number customer orders which is not a valid base, e.g. one single large order represents higher costs than 10 small orders.

ABC costing is not accepted by US GAAP due to its limitations or how hard it is to apply correctly, but it is a very useful information source for making decisions. The problem is, if gathering the information is worth the effort and extra cost of ABC?

8 0
4 years ago
If the economy's actual GDP is greater than its potential GDP, then there is high unemployment in that economy. Group of answer
DanielleElmas [232]

Answer:

FALSE

Explanation: GDP( GROSS DOMESTIC PRODUCT) is a Macroeconomics concept which means the total value of a country's product calculated within a specific time.

REAL GDP: is a measure of the values of a country's products adjusted according to inflation.

POTENTIAL GDP is theoretical concept which is the value of what a country can produce at a constant inflation rate.

When REAL GDP IS GREATER THAN POTENTIAL GDP THE COUNTRY IS AT MORE THAN FULL EMPLOYMENT.

7 0
3 years ago
Read 2 more answers
A construction company entered into a fixed-price contract to build an office building for $46 million. Construction costs incur
kakasveta [241]

Answer:

Total revenue:                                    $46 million

First year costs:                                   $12 million

Estimated first year costs(EFYC):       $28 million

Cost to date for the projec (CTD):  $12 million

Given this information, the first thing to do is to calculate the percentage % of completion.  The formula is stated below.

Percentage of completion ( CTD / EFYC  )

CTD / TEC  = (12000000/28000000)

CTD / TEC = (42,85%)

Then multiply the Percentage of completion * Total Revenue

42.85%*46.000.000 to obtain the revenue for period 2.

The loss that the company must present in their statements for year 1 is: Loss for period 1  =$12.000.000

4 0
4 years ago
Read 2 more answers
Your new team is working hard, but they are all less experienced than you and you don’t complete their task as quickly.
PolarNik [594]

Answer:

Most likely to do

(C). Offer to help others complete their tasks; observe their work process and provide some tips that might help them.

Least likely to do

(B).Remind your coworkers of performance expectations and that they need to be working harder to complete tasks.  

Explanation:

This question is incomplete - Below is the full question:

Your new team is working hard, but they are all less experienced than you and don't complete their tasks as quickly.What would you be most and least likely to do?  

(A). Reach out to your manager to discuss the situation.Try to identify the best way to support the new associates.  

(B).Remind your coworkers of performance expectations and that they need to be working harder to complete tasks.  

(C). Offer to help others complete their tasks; observe their work process and provide some tips that might help them.  

(D). Give your coworkers more time to figure out how to do the task; they likely just need more practice with what they've already learned​

Further Explanation

<u>What to do most</u>

When working in a team, motivation is extremely important. People tend to perform better when they have a sense of self-commitment rather than being pushed to deliver.

Ina case of less experienced team members, the best motivating technique is to convinced them by showing empathy. Offering to work alongside and if possible at their pace demonstrates a genuine effort to see them grow rather than leaving them to their struggles. They will be more challenged to do further and work harder when working alongside a colleague.

<u>The least thing to do</u>

Applying pressure might not derive the best results. Reminding them of the need to perform might sound too harsh and create a gap between the less experienced staff and yourself. They will have an impression that you do not understand their plight and see you as been bossy.

7 0
4 years ago
Review how organizations interact with their external environment (as open systems and complex adaptive systems). How effective
Aliun [14]

Answer:  Organizations with open systems exchange information and resources with their external environment. However, they manage to control these interactions by generating permeable boundaries which permit necessary exchange while being shielded from external disturbances. The interaction of the FBPS and the external environment as an open system during the closure of the Hampton and Culpeper campuses was poor and ineffective. The closure was considered abrupt to the families and the surrounding communities. The school denied intending to close following the leaked email, just to protect its administration from parents’ outrage. The school lacked healthy exchange of information with its external environment.  

Complex adaptive systems refer to dynamic systems which are capable of evolving with and adapt in a changing environment . The FBPS system was surrounded by a number of changes shortly before its closure. The external environment was experiencing financial crisis, intense competition from public schools that are independently operated and chartered. The school was unable to keep up or to adapt to changes that were taking place. They gave in to competition, losing most of their students to their chartered public schools competitors.

Explanation:

8 0
4 years ago
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