<span>$300 is the correct answer. The premium is the amount that you pay to an insurance company every month for them to provide you with insurance. The deductible, on the other hand, is the amount that the person paying for the insurance has to pay when they make a claim if they want the insurance company to pay out. Having a deductible makes premiums lower as it reduces the chance of people making smaller claims, and therefore reduces the insurance company's spending.</span>
Answer:
buying and selling ,profit motive
Answer:
See the explanation below.
Explanation:
Magic Realm, Inc. Contribution Income Statement for last year
Details Total ($) Per Unit ($)
Sales revenue (47,500 × $67) 3,182,500 67
Variable cost (47,500 × $47) <u>(2,232,500)</u> <u>(47)</u>
Contribution 950,000 20
Fixed expenses <u>(855,000)</u>
Net operating expenses <u>95,000</u>
I think the most appropriate answer would A.
I hope it helped you!
Answer:
c. $25,000
Explanation:
Calculation to determine At the end of the year, the company's equity totaled:
First step is to calculate the Net income using this formula
Net income= Revenues- Expense
Let plug in the formula
Net income= 35000-23000
Net income=12000
Second step is to calculate Net income added to capital using this formula
Net income added to capital = Net income-Cash dividend
Let plug in the formula
Net income added to capital=12000-2000
Net income added to capital=10000
Now let determine the Ending company total equity using this formula
Ending company total equity= Opening invested capital + Net income added to capital
Let plug in the formula
Ending company total equity=15000+10000
Ending company total equity=$25000
Therefore At the end of the year, the company's equity totaled:$25,000
