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3 years ago

Economic institution that works in a businesslike manner but does not seek financial gain. *

Business

1 answer:

Flauer [41]3 years ago

7 0

It would be a nonprofit business

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The customer requires ICC(A). Considering that the insurance policies of China’s domestic insurance companies are all based on C

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The Chinese insurance market has grown at a furious pace in recent years and will surpass that of the United States by 2029.

A strong economy, government investment, consumer awareness, and technology are fuelling China's growth in the insurance sector.

China's biggest insurance companies are among the largest companies in the world.

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3 years ago

Eleonore and Henry form a partnership to operate a horseback-riding business. The two partners file a duly executed statement of

malfutka [58]

Answer:

Yes, because Henry had authority to sell the horse

Explanation:

In the given scenario Henry had apparent authority to sell the horse.

Apparent authority is the ability of an agent to act on behalf of a principal even though this is not clearly stated out. It is as a result of a third party assuming the agent has such power.

James rightly assumed Henry had the power to sell the horse.

So the sale of the horse is binding on Eleonore.

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3 years ago

Why do some people consider mutual funds a more convenient investment than stocks or bonds?

MAXImum [283]

I think because in a mutual they both gain and invest but on their own its too much

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4 years ago

Read 2 more answers

A dog grooming business is walking through the target market defining process and is now asking questions about its potential cu

Scrat [10]

Answer:

Explanation:

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3 years ago

The fastener division of Southern Fasteners manufactures zippers and then sells them to customers for $7.60 per unit. Its variab

andreev551 [17]

Answer:

The correct answer for option (a) is $2.6 and for option (b) is $7.19.

Explanation:

According to the scenario, the given data are as follows:

(a). If fastener division is not operating at full capacity,

then, opportunity cost = $0

Here, variable cost = $3.01

Fastener could avoid $0.41.

Then Variable cost = $3.01 - $0.41 = $2.6

So, we can calculate the minimum transfer price by using following formula:

Minimum transfer price = Variable cost + Opportunity cost

= $2.6 + $0

= $2.6

(b). If fastener division is operating at full capacity,

then, opportunity cost = $7.60 - $3.01 = $4.59

Here, variable cost = $3.01

Fastener could avoid $0.41.

Then Variable cost = $3.01 - $0.41 = $2.6

So, we can calculate the minimum transfer price by using following formula:

Minimum transfer price = Variable cost + Opportunity cost

= $2.6 + $4.59

= $7.19

7 0

3 years ago