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3 years ago

Jan pays $70 each month for her auto insurance policy. This regular payment is called a.

1 answer:

8 0

Jan pays $70 each month for her auto insurance policy. This regular payment is called PREMIUM.

Premium is the payment made by the insured party to the insurer. It primary pays the insurer for bearing the risk of payout in the event that the insurance agreement coverage is needed. Premium payment may be monthly, quarterly, semi-annually, or annually.

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You are the newly appointed sales manager of the Rock Record Company and have been charged with the task of increasing revenues.

djyliett [7]

Answer:

increase the price of our products or services.

Explanation:

When the price elasticity is less than 1 (inelastic), then an increase in the price of our products or services will result in a proportionally smaller decrease in the quantity demanded. Therefore, by increasing our prices, we can increase total revenue even if the quantity demanded decreases a little.

7 0

3 years ago

Suppose the government enacts a price floor on milk, which leads to a surplus in the market. How will the government then attemp

Anna [14]

Answer:

Price Floor led Excess Supply can be solved by : Preserving goods Buffer Stock ; or processing goods to increase their shelf life (in case of perishable goods like Milk)

Explanation:

Unregulated markets are at equilibrium where : market demand , market supply are equal ; and downward sloping demand curve , upward sloping supply curve intersect.

Price Floor is minimum mandated price set by government, below which a good can't be sold in the market. It is usually set above equilibrium price, to protect interest of sellers. Example : Minimum Support Price as minimum agricultural goods price to protect interest of farmers, Given Milk Price floor case.

Price Floor creates artificially higher prices ; so increases supply, decreases supply & hence creates Excess Supply. Government can solve this excess supply by preserving stock supply for contingent times , eg - maintaining buffer stock. If the good is of perishable nature, as given milk case : it should be processed further to increase its shelf life, eg - cheese, such that the stock supply can be released at a slower pace.

3 0

3 years ago

A static budget shows planned results at the original budgeted activity level. should not be prepared in a company. is useful in

stira [4]

Answer:

The answer about A static budget would be

Explanation:

A static budget is a type of budget that incorporates anticipated values on inputs and products that are conceived before the period in question begins. When compared to the actual results that are received after the fact, the static budget figures are often very different from the actual results.

The static budget is intended to be fixed and unchanged throughout the period, regardless of fluctuations that may affect the results.

For example, under a static budget a company would establish an anticipated expense, say $ 30,000 for a marketing campaign, for the duration of the period. It is then up to the managers to adhere to that budget, regardless of how the cost of generating that campaign really stays during the period.

This type of budgeting is limited by the ability of an organization to accurately forecast what its needs are, how much it will spend to meet them and what its operating income will be during the period. Static budgets can be more effective for organizations that have highly predictable sales and costs, and for shorter periods of time.

For example, if a company sees the same costs in materials, profits, labor, advertising and production month after month to maintain its operations and there is no expectation of change, a static budget may be adequate for its needs.

5 0

3 years ago

involves reviewing the project charter, requirements documents, and organizational process assets to create a scope statement, a

Setler79 [48]

Answer:

The correct answer is c. Controlling scope.

Explanation:

The scope of control is the number of employees that a manager supervises. Companies work to determine the optimal number that managers can monitor while being effective on the job. The more employees a manager supervises, the broader their scope of control. Both a wide and narrow control range have clear advantages.

Managers don't spend all their time supervising employees. Ideally, they should spend most of their work hours doing non-managerial activities. The number of people that each manager can effectively supervise and at the same time complete their work in a timely manner depends on many factors. These include the job types of their subordinates, the type of product produced, the management style of the company, the personalities, and the size of the organization.

5 0

3 years ago

Read 2 more answers

Suppose you buy 100 shares of stock initially selling for $50, borrowing 25% of the necessary funds from your broker; that is, t

lana [24]

Answer:

money invest is $3750

amount of loan owned to broker = $1350

when selling price is $40 rate of return = - 29.33%

when selling price is $50 rate of return = - 2.67%

when selling price is $60 rate of return = 24%

Explanation:

given data

No of share = 100

initial selling = $50

borrow = 25%

initial margin purchase = 25%

interest rate = 8%

to find out

How much money invest and How much borrow from broker and rate of return at end of 1 year at (i) $40, (ii) $50, (iii) $60

solution

we know total investment is here

total investment = No of share × initial selling per share

total investment = 100 × 50

total investment = $5000

borrow fund is = 0.25 × 5000 = $1250

and Equity invest = total investment - borrow fund

equity invest = 5000 - 1250 = $3750

and

amount of loan own to broker at the end of year is

amount of loan = borrow fund × ( 1 + rate )

amount of loan = 1250 ( 1 + 0.08)

amount of loan owned to broker = $1350

and

selling price here after 1 year is $40

so rate of return is = $\frac{(no of share * selling price) -loan amount - equity invested}{equity invested}$ ........................1

rate of return is = $\frac{(100 * 40) - 1350 - 3750}{3750}$

rate of return = - 29.33%

and

selling price here after 1 year is $50

put here value

rate of return is = $\frac{(100 * 50) - 1350 - 3750}{3750}$

rate of return = - 2.67%

and

selling price here after 1 year is $60 so from equation 1

put the value

rate of return is = $\frac{(100 * 60) - 1350 - 3750}{3750}$

rate of return = 24%

7 0

3 years ago