Answer:
End of the contract year.
Explanation:
Calendar year deductibles (and refunds) operate on a regular calendar year basis, starting on January 1st and ending on December 31st. Generally refunds should be made during January and February of the next year.
If the policy works on a plan year basis, both the deductibles and the refunds will be based on the renewal date of the policy, and not the calendar year basis.
Answer:
Contribution per unit of Bran X = 51 cents
Contribution margin: 51 / 69 = 73.91%
Explanation:
<em>Retail price: 1.20</em>
retail margin of 35% --> thus the cost of good is 1.20 x ( 1 - 0.35) = 0.78
At this price the wholesalers trade to grosery store and others
wholesales margin 11.5% --> the price at which Alger sales the product to wholesalers:
0.78 x (1- 0.115) =<em> 0.6903 producer selling price</em>
Now from this, Horatio has the following variable cost:
variable manufacturing cost: 0.08
shipping and other cost: 0.03
sales persons 10% commision 0.06903
Total variable cost: 0.17903
Contribution per product: .6903 - 0.17903 = 0.51127 = 51 cents
The function of money known as "Medium of exchange" describes a money use in the buying & selling of goods and services.
<h3>What is Money as
Medium of exchange?</h3>
Money serves as a medium of exchange because it is use as intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties.
In today world , the medium of exchange is money and it is used in the buying & selling of goods and services.
Therefore, the Option C is correct.
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Blake wanted to offer high-quality meals in his restaurant. His motto was "the best darn meat and potatoes for miles around." the locals agreed that the food was good.
They also agreed that if you decided to eat there, be prepared to wait. food preparation and service were slow. although blake’s motto stated the business’s competitive advantage, your accurate advice to blake would be the winning competitive advantage is one that addresses quality and service.
A competitive advantage is what sets a company apart from its competitors, in the eyes of its consumers. These advantages allow a company to achieve and maintain superior margins, a better growth profile, or greater loyalty among current customers. A competitive advantage is often referred to as a “protective moat.”
There are three fundamental strategy options open to firms for attaining a competitive edge, according to Porter's Generic Strategies model. Cost leadership, differentiation, and focus are these.
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