An Activity-based system uses numerous overhead cost pools.
<h3>What is activity-based costing?</h3>
Activity based costing is a method of costing that is used in accounting to apportion costs to a good or service produced. It believes that manufacturing requires the use of resources which require activities and so these activities can be given costs.
To give these activities costs, there is a need to use overhead cost pools which is why activity-based systems use several overhead cost pools.
Find out more on activity-based costing at brainly.com/question/6654166
#SPJ1
Answer:
Correct Answer:
D) The disability must occur before a stated age, such as 65, for premiums to be waived.
Explanation:
In Life insurance, the individual insured against bad events that may likely occur in his or her life through an insurance company. This would led to the company to pay his beneficiary or the individual in question if such event happened.
<em>For waiver-of premium to occur in a life insurance,the disability of the individual must occur before the age of 65 years which is assumed to be the retirement age.</em>
Answer:
Correct option is A 5.01%
Explanation:
Let irr be x%
At irr,present value of inflows=present value of outflows.
1,500,000=350,000/1.0x+475,000/1.0x^2+400,000/1.0x^3+475000/1.0x^4
Hence x=irr=5.01%(Approx).
Answer:
Being a first mover in a market is advantageous for a firm because:
it may gain advantage through proprietary technology.
Explanation:
First mover advantage is a concept used to call the advantage a certain business has by starting to profit from an industry or sector before anyone else. It provides the advantage of experience and learning. Therefore, they gain advantage through proprietary technology by developing it to increase the efficiency of their resources.
