Answer:
The correct answer is letter "B": Rider.
Explanation:
A rider policy adds or restricts terms to an already existing insurance policy. This is typically used when the policyholder includes in the original coverage some others such as life, home, and auto insurance. Rider policies are typically low priced and in most cases are offered by the same insurance companies at a special discount to promote consumption among their insured.
There is some information in the table that is not needed in this problem. To find real per capita GDP in 1933 measured in 2008 prices, just multiply Nominal per capita GDP in 1933 by how many times expensive the prices are in 2008 than they were in 1933. The solution is $444 x 14 = $6,216. So, the answer is $6,216.
Answer:
The company will report $115,000
Explanation:
Giving the following information:
Sales revenue= 350,000
Cost of goods sold= (150,000)
Gross profit= 200,000
Operating expenses= (110,000)
Net operating income= 90,000
Foreign currency translation gain= 25,000
Net income= 115,000
The company will report $115,000
Answer:
Value of the ending inventory is $ 16,340
Explanation:
<em>The variable costing method is also known as the </em><em>marginal costing method,</em><em> under this method production units and inventories are valued using the variable cost per unit.</em>
Variable cost per unit = D. Material cost+ Direct labour cost + Variable Overhead
To value the closing inventory of the company, we follow the steps below:
Step 1
<em>Calculate the variable cost per unit</em>
= $13.10 + $4.10 = $17.2
Step 2
<em>Calculate the closing inventory</em>
Closing inventory = Opening Inventory + purchases - Sales
= 0 + 5,100 -4,150 = 950 units
Step 3
<em>Value the closing inventory</em>
= VC/unit × units
= $17.2 × 950
= $ 16,340
Value of the ending inventory is $ 16,340
