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lozanna [386]
3 years ago
6

What is your interpretation of the relationship between auto insurance premiums in Michigan and the national average?

Business
1 answer:
Arada [10]3 years ago
3 0

Answer:

Interpretation between the auto insurance preniums in Michigan and the National average is that In 2017, the average cost of a personal injury protection claim in Michigan was more than six times the national average. Costs are increasing nearly twice as fast, according to the Insurance Research Council.

Explanation:

The rates of auto insurance Premiums in Michigan are most expensive in America. This is due to Michigan's non-fault insurance system, which provides crash victims unlimited lifetime coverage of medical bills.

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For the year ended December 31, Depot Max's cost of merchandise sold was $56,900. Inventory at the beginning of the year was $6,
neonofarm [45]

Answer:

option (b) 46

Explanation:

Data provided in the question:

Max's cost of merchandise sold = $56,900

Inventory at the beginning of the year = $6,540

Ending inventory = $7,250

Now,

Depot Max's number of days' sales in inventory

= \frac{\textup{Ending inventory}}{\textup{Max's cost of merchandise sold}}\times360

or

= \frac{\$7,250}{\$56,900}\times360

or

= 45.86 ≈ 46

Hence,

Depot Max's number of days' sales in inventory is closest to option (b) 46

3 0
3 years ago
A provision requiring a construction contractor to pay $300 for every day it is late in completing the construction contract is:
jasenka [17]

Answer:

liquidated damages provision.

Explanation:

Liquidated damages can be regarded as one that is been presented in some particular legal contracts which is an estimate of otherwise intangible to one of the party or hard-to-define losses. It can be regarded as a provision which give room for the payment of a specified sum in case there is breach of contract by one of the parties. It can be regarded as contractual provision set up so that a party in breach will need to make a payment of pre-determined amount , which serve as compensation for failure by breaching partyin performing particular obligation.

For instance, provision requiring a construction contractor to pay $300 for every day it is late in completing the construction contract is liquidated damages provision.

7 0
2 years ago
When executives from competing firms meet to decide which of them will submit the lowest bid on a contract, they are indulging i
mariarad [96]
That is called "price fixing"
7 0
3 years ago
Money provided by a third party to help students meet the costs of attending college. It can be provided by various agencies inc
artcher [175]

Answer:

Financial aid.

Explanation:

For American citizens, the dream is of going into higher education. but the tuition cost is very expensive as not everyone can offered such expensive fees for enrolling into a course. The different course has different fees. For supporting the people in their financials, many organizations like public, state, financial institutions help them.

So here in the given scenario, the financial aid is the best option fitted.

7 0
3 years ago
A technique to bring changes in the
son4ous [18]

Explanation:

A technique to bring changes in the

entire organization, rather man

focusing attention on individuals to

bring changes easily is Organizational development

8 0
2 years ago
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