Answer:
The minimum the company must charge for fire insurance policies in California subdivision is $2,252.
Explanation:
We have the chance of a wildfire destroying all the homes in the subdivision is: 1/41 or nearly 2.44%.
The minimum the company must charge for fire insurance and still maintain a positive expected value is calculated as:
The average cost to build a home in the subdivision * the chance of a wildfire destroying all the homes in the subdivision = 92,297 * 2.44% = $2,252.
So, the answer is $2,252.
Answer:
-0.5
Explanation:
Marginal rate of technical substitution (MRTS) refers to the rate at which the inputs are substituted for one another in a production of particular good.
Given that,
The marginal product of labor = 10
The marginal product of capital = 20
Hence,
= - 0.5
Therefore, the marginal rate of technical substitution is - 0.5.
Real estate counsellor role is to provide clients with the information they need to make informed decisions about their own specific real estate interests.
Explanation:
Real Estate Counselor — The designated ' Consultant of Real Estate ' are renowned immobiliser professionals who provide advice that impacts real estate decisions based on their knowledge, their experience and their ethics. Real Estate advisers have a rich background in their work.
They are service providers, managers, properties, administrators, academics and government officials.
Counselors are known for their rigorous, unbiased analyzes of a broad range of dynamic immobilisation choices affecting a wide range of market players.
Answer:
Total cost= $2,040
Explanation:
Giving the following information:
Total machine-hours 30,000
Total fixed manufacturing overhead cost $ 252,000
Variable manufacturing overhead per machine-hour $ 2.10
Job T687:
Total machine-hours 30
Direct materials $675
Direct labor cost $1,050
First, we need to calculate the estimated overhead rate:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= (252,000/30,000) +2.1= $10.5 per machine-hour
Now, we can calculate the total cost of Job T687:
Total cost= direct material + direct labor + allocated overhead
Total cost= 675 + 1,050 + (10.5*30)= $2,040
The answer to the question how many direct labor hours were estimated for the year is letter B which is 180,000.
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
