The statement above is FALSE.
Loews conglomeration is into many businesses including hotels, insurance, watches, oil, gas, tobacco, etc. The diversification strategy of the company is to buy up firms that are in financial mess, turn them into profitable ventures and then sell them at a premium. They also diversified by investing into new business fields.
<span>When managerial accountants assign costs to the production of specific products, the costs that are easiest to assign are direct labor and direct materials costs.
I hope this helps!</span>
Answer:The answer is Net relevant cost $2per unit
Explanation:
$
Market price per unit. 18
Relevant cost. . 16
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Relevant cost per unit. 2
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Therefore the Net relevant cost are $2per unit
The total amount your liability insurance will pay is $25,000 and the total amount your collision insurance will pay for the accident is $24,500.
<h3>Insurance</h3>
1. Total liability to pay
Total liability to pay= Car value at $25,000 repair + Car value at $20,000Repairs
Total liability to pay=$10,000+$15,000
Total liability to pay=$25,000
2. Total collision amount to pay:
Total collision=$25,000-$500 (Deductible)
Total collision=$24,500
3. The amount of additional damages you are responsible for as a result of the accident is $0.
Therefore the total amount your liability insurance will pay is $25,000 and the total amount your collision insurance will pay for the accident is $24,500.
Learn more about insurance here: brainly.com/question/25855858
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