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3 years ago

Temporary coverage in a new insurance policy is called a:

Business

1 answer:

murzikaleks [220]3 years ago

5 0

D. a binder is the temporary coverage in a new insurance policy

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If a customer buys back an option which was previously written, the transaction is referred to as a(n):(A)Opening purchase(B)Ope

Fynjy0 [20]

Answer:

The correct answer is letter "D": Closing purchase.

Explanation:

Traders buy back an asset that was previously purchased to close that position. In such cases, traders have a short position of the asset, which implies they are expecting the price of the asset to go down to make a profit. When talking about options, the option buyback allows the trader to exit the position closing the purchase.

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3 years ago

The Sarbanes-Oxley Act of 2002 was enacted in response to corporate scandals that largely centered on the quality of corporate f

Nookie1986 [14]

Answer:

Audit committee.

Explanation:

correct option is c: audit committee.

Sarbanes-Oxley Act of 2002, order that every public-funded company to have one audit committee that must be independent of the company. It works as independently to find out about any foul practice that maybe happened in the organization.

The audit committee has the authority to make an appointment, oversight of work of the company.

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4 years ago

A company has net credit sales of $ 1 comma 300 comma 000, beginning net accounts receivable of $ 270 comma 000, and ending ne

AveGali [126]

Answer:

66.36 days

Explanation:

Calculation of the days' sales in accounts receivable .

Using this formula

Accounts Receivable Turnover Ratio = [Net credit sales (Beginning net account receivable +Ending net account receivable)/2)]

Let plug in the formula

[$1,300,000/($270,000 + $202,000)/2)]

$1,300,000/($472,000/2)

=$1,300,000/236,000

=$5.50 Days' sales in receivables

= 365/5.5

= 66.36 days

Therefore the days' sales in accounts receivable will be 66.36 days

5 0

3 years ago

When mu manufacturing co. exports their technological know-how in exchange for a fee, they are entering foreign markets through

Anna007 [38]

The appropriate response is the turnkey project. One of the unique methods of completing universal business is a turnkey project. It is an agreement under which firm consents to complete configuration, build and prepare a business office and turn the venture over to the buyer when it is prepared for operation for a compensation.

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3 years ago

All I’m Saying Corporation produces and sells a single product. Data concerning that product appear below: Selling price per uni

dexar [7]

Answer:

Break-even point in units= 12,769 units

Explanation:

Giving the following information:

Selling price per unit= $170

Variable expenses per unit= $81.10

Fixed expense per month= $997,920

Monthly target profit of $137,240

To determine the number of units to be sold, we need to use the break-even point in units formula. We need to add the desired profit.

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (997,920 + 137,240) / (170 - 81.1)

Break-even point in units= 12,769 units

4 0

3 years ago