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4 years ago

What is the connection between mayhem and insurance

Business

1 answer:

gregori [183]4 years ago

5 0

Answer:

Mayhem is a character used and created by Leo Burnett for advertising Allstate insurance. Leo Burnett depicted the character as Mr. Mayhem where he particularly compared him with another character from a 1992 movie Reservoir Dogs, Mr. White. He associated the insurance policy with the Mayhem character so people can easily identified and recognized it and start feeling certain attachment with it as well, and he was quite successful too. So this is the linkage and connection between Mayhem and insurance.

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Presented below is information related to Teal Mountain , Inc. Date End-of-Year Inventory (End-of-Year Prices) Price Index Decem

Alona [7]

Answer:

2017 $1,250,000

2018 $1,512,500

2019 $1,439,000

2020 $1,637,900

Explanation:

The computation of ending inventory is shown below:-

Year Inventory Price index Inventory at base Change from prior

at end year year years

2017 $1,250,000 100 $1,250,000 0

2018 $1,575,000 105 $1,500,000 $250,000

2019 $1,573,000 110 $1,430,000 ($70,000)

2020 $1,872,000 117 $1,600,000 $170,000

Inventory at base year prices

2017 = $1,250,000 ÷ 100 × 100 = $1,250,000

2018 = $1,575,000 ÷ 105 × 100 = $1,500,000

2019 = $1,573,000 ÷ 110 × 100 = $1,430,000

2020 = $1,872,000 ÷ 117 × 100 = $1,600,000

So, dollar value ending inventory

2017 $1,250,000 × 1.0 = $1,250,000

$1,250,000

2018 $1,250,000 × 1.0 = $1,250,000

$250,000 × 1.05 = $262,500

$1,512,500

2019 $1,250,000 × 1.0 = $1,250,000

($250,000 - $70,000) × 1.05 = $189,000

$1,439,000

2020 $1,250,000 × 1.0 = $1,250,000

($250,000 - $70,000) × 1.05 = $189,000

$170,000 × 1.17 = $198,900

$1,637,900

2017 $1,250,000

2018 $1,512,500

2019 $1,439,000

2020 $1,637,900

6 0

4 years ago

5. One-year interest rates are 2% in the U.S. and 5% in Canada. “Jackie the carry trader” borrows $3,000,000 to execute a carry

pogonyaev

Firstly convert $3000000 into CAD

So, CAD is 3405221.33938

Invest CAD in Canada 5% for 1 year
In t= 1yr realize canadian investment with interest so, CAD on maturity

= CAD 3405221.33938 (1+ 0.05)

= CAD 3575482.40634

Again now convert CAD into US $ so, equivalent US $ realised on conversion = CAD 3575482.40634 * $0.865/ CAD

= $ 3092792.28148

US repayment = $ 3000000*(1+ 0.02)

= $ 3060000

That's why,

Profit over the year = $3092792.28148- $3060000

= $32792.28148

B) doesn't depreciates relative to USD

C) appreciates relative to Canadian dollar

D) BEEX = US$ borrowings to be repaid with interest/ CAD realized with interest on maturity

= $3060000/ CAD 3575482.40634

= 0.8558

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7 0

2 years ago

Berta Company recently lost its entire inventory in a fire. The following information is available from its accounting records:

Simora [160]

Answer:

Lost Inventory would be $2.000

Explanation:

Consider the following calculations and variables

Inventory cost at beginning : $1000
Purchase : $13,000
Sales : $20000
cost of Goods Available = $1000 + $13,000 = $14,000
Gross Profit percentage is 40%. So Cost of Goods Sold = 100-40 = 60%
Cost of Goods Sold = $20000 * 60% = $12000
Ending Inventory = Cost of Goods Available - Cost of Goods Sold = $14000 - $12000 = $2000

Lost Inventory would be $2000

8 0

3 years ago

A credit entry:

blagie [28]

Answer: e. Decreases asset and expense accounts, and increases liability, common stock, and revenue accounts.

Explanation:

Let's evaluate each of the options as follows:

a. Is always a decrease in an account - This is false because a credit entry increases liability, common stock and revenue accounts.

b. Is recorded on the left side of a T-account - Although in modern day accounting, the use of T-account has been relegated to the background. However, if entries are to be recorded using the T-account, all debits are posted to the left side while all credits are recorded on the right side of the account.

c. Increases asset and expense accounts, and decreases liability, common stock, and revenue accounts - It does not increase asset and expense accounts, rather it reduces them. The opposite applies to liability, common stock, and revenue accounts.

d. Is always an increase in an account - This is false.

Therefore, option e is correct because a credit entry reduces asset and expense accounts, and increases liability, common stock and revenue accounts.

3 0

3 years ago

Read 2 more answers

The CECL model:_______.A. Is a good example of an income-statement approach to estimating bad debts. B. Recognizes bad debts whe

Dafna1 [17]

Answer:

The correct answer is the option D: Allows a company to use an account receivable aging as part of its methodology for estimating credit losses.

Explanation:

To begin with, the name of "Current Expected Credit Losses" in the field of business and accounting refers to an specific model used by the companies that was issued by the Financial Accounting Standards Board and its main purpose is to focus on estimation of expected losses according to the complete life of the loan. So therefore that this model allows the companies to use an accounts receivable aging ar part of its methodology for estimating the credit losses. And that is also why this system has had an important impact in the financial institutions of the United States of America.

5 0

3 years ago