Answer:
$64,000
Explanation:
If the policy only covered $80,000 and it also had a coinsurance of 80%, then the insured ill receive: $80,000 x 80% = $64,000
The purpose of coinsurance is to lower the premiums by sharing the risks between the insured and the insurance company. In this case, the insured shares 20% of any risks that the property might suffer and the insurance company covers the remaining 80%. The higher the percentage of the coinsurance, the lower the premium, but the risk for the insured increases.
Explanation:
<em>A change in a country's balance of payments can cause fluctuations in the exchange rate between its currency and foreign currencies. The reverse is also true when a fluctuation in relative currency strength can alter balance of payments</em><em>.</em>
Answer:
$7.8
Explanation:
Variable costs = $504,000
Fixed costs = $392,000
Number of units produced = 84,000
Shipping charges = $4,500
Therefore, the variable cost per unit is calculated as follows:
= Variable costs ÷ Number of units produced
= $504,000 ÷ 84,000
= $6 per unit
Incremental fixed cost per unit (For 2,500):
= Shipping cost ÷ 2,500
= $4,500 ÷ 2,500
= $1.8 per unit
Therefore, the unit sales price will be the sum total of variable cost per unit and incremental fixed cost per unit for the shipping charges.
BEP (in sales price per unit):
= Variable cost per unit + incremental fixed cost per unit
= $6 + $1.8
= $7.8
Answer:
Elements in the labor relations process does not include Outsourcing.
Explanation:
A 'labor union' represents the group of workers who deal with the management in case there are any disputes regarding the wages, working hours, and working conditions of the labors. The labor relations process is the process that results in a relation between union and management.
This process has three phases in the process of creation of the union-management relationship. They are: organizing a union, negotiation of the labor agreement, and agreement administration. In other words, beginning with formation of labor, then a collective bargaining to form a labor agreement and then finally administering the labor agreement, constitutes of labor relations process.
So, this process does't include Outsourcing.