Answer:
writing insurance laws
Explanation:
The given question is incomplete and full is here:
Which of the following is NOT a duty of the Insurance Commissioner?
A. maintaining records
B. issuing certificates of authority to transact insurance business
C. writing insurance laws
D. conducting hearings
answer is C because there is authority known as NAIC (National Association of Insurance Commissioners) to formulate and regulate insurance laws
Answer:
d. the complexity of the product.
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. The pre-service strategies includes identifying the following target market, design, branding, market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.
Personal selling also known as face-to-face selling can be defined as a sales technique or strategy in which the salesperson meets with the potential buyer (customer) for the sole purpose of convincing him or her to buy a product.
For Michael, personal selling works better than other forms of promotion because of the complexity of the product i.e high technicalities associated with the product. The product Michael are highly technical and as such would require guidance or explanation on how to safely use them.
Anything that's intangible means you cannot touch it. You can touch the land (with your feet), and you can touch a building. Neither are intangible assets.
An assembly cost is intangible, but it's not an asset. It's a cost. Assets are things with long term value - a cost is something spent.
A patent has value in the future - someone with the patent owns the ability to make a product. That makes it an asset. It's also a right and not able to be touched.
Thus, the patent is an example.
Answer:
option (B) $10,500
Explanation:
Data provided in the question:
Cost = $30,000
Useful life = 5 years
Salvage value = 0
Tax rate = 35%
Expected net cash inflow before depreciation and taxes = $20,000 per year
Now,
The total tax shield created by depreciation over the life of project
= Tax rate × ( Amount of depreciation over the life of project )
= 35% × ( Cost - Salvage value )
= 0.35 × ( $30,000 - 0 )
= $10,500
Hence,
The answer is option (B) $10,500
Answer:
1.
Selling Price $156
2.
Variable cost $101.25
Break-even 9,500 units and $1,482,000
Explanation:
Compposit unit unit is a unit made according to the propostion to sale. Different products are combined to make a sales mix for composit unit.
1.
Selling price per composit unit = [ ( 7 x 111 ) + ( 3 x 261 ) ] / 10 = 1560 / 10 = $156
2.
Variable cost per composit unit = [ ( 7 x 68 ) + ( 3 x 180.5 ) ] / 10 = 1,017.5 / 10 = $101.75
Contribution per composit unit = Selling Price - variable cost = $156 - 101.75 = $54.25
Break-even Point = Total Fixed cost / Contribution per unit = $515,375 / 54.25 = 9,500 units
Break-even Point ($ value )= 9,500 x 156 = $1,482,000
