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BARSIC [14]
3 years ago
10

A premium is _____.

Business
2 answers:
slamgirl [31]3 years ago
6 0
A premium is THE AMOUNT AN INDIVIDUAL PAYS FOR AN INSURANCE POLICY.

The premium may be paid monthly, quarterly, semi-annually, or annually. 

Insurance policy is the contract between the insurance company and the individual.

Claim is the amount that is paid by the insurance company to the individual insured. 


rusak2 [61]3 years ago
5 0

Answer:

A premium is THE AMOUNT AN INDIVIDUAL PAYS FOR AN INSURANCE POLICY.

Explanation:

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During the month of September, direct labor cost totaled $11,000 and direct labor cost was 40% of prime cost. If total manufactu
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Answer:

The correct answer is D: Manufacturing overhead= $45500

Explanation:

Giving the following information, we need to calculate the amount of manufacturing head.

Direct labor= $11000

Direct labor is 40% of prime costs

Total manufactured cost is= $73000

First, we need to calculate the direct material:

Prime cost= direct material + direct labor

If direct labor is 40% of prime costs, then:

Direct material=(11000*60/40=16500

Now, the manufactured cost formula is:

Manufactured cost= direct material + direct labor  + manufacturing overhead

By rearranging the formula:

<u>Manufacturing overhead= Manufactured costs - direct material - direct labor= 73000- 16500-11000=$45500</u>

7 0
3 years ago
Which organization does not provide free or loss cost training and counseling associated with the Small Business Association
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The organization that does not provide free or loss cost training and counseling associated with the Small Business Association is IBRD.

<h3>What is Small Business Association?</h3>

A Small Business Association are agencies that provides resources (like capital, skill, advice) to small businesses for innovation, growth etc

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Hence, the organization that does not provide free or loss cost training and counseling associated with the Small Business Association is IBRD

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Read more about Small Business Association

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6 0
3 years ago
Late one night, while studying for your anatomy class, you open a box of saltine crackers to do a little snacking. after chewing
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<span>Salivary amylase in your saliva breaks down the starchy morsel as you chew. The starch breaks down into maltose that accounts for the sweet taste in your mouth.</span>
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3 years ago
Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual in
Mandarinka [93]

Answer:

A Merchandising Company

Journal Entries:

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Debit Inventory $6,000

Credit Accounts Payable $6,000

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Nov. 7:

Debit Accounts Payable $250

Credit Inventory $250

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Nov. 15:

Debit Accounts Payable $5,750

Credit Cash Discount $115

Credit Cash Account $5,635

To record payment on account.

Explanation:

The journal entries show the accounts affected by each transaction.  Two or more accounts are usually affected.  One account receives value and is debited and the other gives value, and it is credited.

The trade terms 2/10, n/60 implies that a cash discount of 2% on the outstanding balance exists for early settlement on account within 10 days and the credit period should not exceed 60 days or two months.

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What is a production possibility curve
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