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3 years ago

The Business Auto Coverage Form is intended for which of the following businesses? Select all that apply.

Business

1 answer:

Karolina [17]3 years ago

4 0

Answer:

A) Owned private passenger autos

B) Mobile equipment registered to drive on public roads

D) Automobiles owned by employees used for business purposes

Explanation:

Business Auto Coverage Form is used to cover a company's autos, trucks, trailers, semitrailers and mobile equipment that are owned or used by the company.

It also covers vehicles that are not owned by the company but are used by the company's employees while doing business related activities, e.g. automobiles owned by employees and used for business activities.

It only covers mobile equipment that is registered to drive on public roads, e.g. cranes, drills, shovels, tractors, etc.

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Communication is essential for success in today's world for young professional who wants to appear literate, skillful, and effec

Natasha2012 [34]

Answer:

Communication is essential for success in today's world for young professional is discussed below in full details.

Explanation:

Communication is an indispensable element of every individual and organization. Powerful communication is an indispensable element of organizational and Individual progress whether it is at the personal, intra-group, organizational, or external levels.

Bonding between people and their consists of the exchange of information and understanding between portion and people in an organization.

4 0

3 years ago

During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 80,000 mini refrigerators, of whi

andrew-mc [135]

Answer:

Absorption Costing Net Income 1008,000

Variable Costing Net Income 976,000

Explanation:

Kodiak Fridgeration Company

Units Produced = 80,000

Units Sold = 72,000

Ending Inventory = 8000

Per Units Cost

Direct materials $6,400,000/80,000 = $ 80

Direct labor 1,600,000 /80,000= $ 20

Variable manufacturing cost 1,280,000/80,000= $ 16

Fixed manufacturing cost 320,000 /80,000 = $ 4

Absorption Manufacturing Cost per unit= 9,600,000/80,000= $ 120

Variable Manufacturing Costs per unit = $ 116

Kodiak Fridgeration Company

Income Statement

Absorption Costing

Sales $10,800,000

Manufacturing costs:

Direct materials $6,400,000

Direct labor 1,600,000

Variable manufacturing cost 1,280,000

Fixed manufacturing cost 320,000 9,600,000

Less Ending Inventory (8000*120) (960,000)

Cost of Goods Sold 86,40,000

Gross Profit 2160,000

Selling and administrative expenses:

Variable $ 72,000* 13.5= 972,000

Fixed 180,000

Net Income 1008,000

Kodiak Fridgeration Company

Income Statement

Variable Costing

Sales $10,800,000

Variable manufacturing cost

(80,000*116) 9280,000

Less Ending Inventory ( 8000*116) 928,000

Cost of Goods Sold 83,52,000

Gross Contribution Margin 2448,000

Variable Selling and administrative expenses

(72000 * $1,080,000/80,000) 972,000

Contribution Margin 1476,000

Less Fixed Expenses

Fixed manufacturing cost 320,000

Fixed 180,000 500,000

Net Income 976,000

3. The difference in absorption and variable costing income is because in absorption costing the fixed costs are treated as unit cost and in variable costs the fixed costs are treated as period costs. Also the fixed costs of the ending units is deducted in absorption costing where it is not deducted in variable costing.

5 0

3 years ago

edna is the leading brain surgeon in the united states. she enters into a contract to perform a difficult brain operation on ben

wolverine [178]

An employement contract if Edna is unable to complete the procedure, another surgeon with the minimum degree of expertise required for the procedure must take over the contract.

This example’s procedure is risky and connected to a risky surgery that would be best handled by Edna. Since the contract was based on Edna’s experience, it cannot be transferred to someone with the lower level of expertise required for this activity.In this case, Edna, a renowned brain surgeon in the United States, signs a contract to operate delicately on Ben’s brain. Edna, who has a lot going on, wants to give Charles, a less experienced surgeon who would be doing his first procedure of this kind, this contract because she is so busy.Because the contract between Ben and Edna involves personal talent, Ben can object to and stop this assignment (brain surgery).Evidently, Edna’s position as the top brain surgeon in the USA can be attributed to her competence and professionalism. With this knowledge at his disposal, Ben decided to enter into a contract with Edna, a skilled brain surgeon.

To know more about Edna visit:

brainly.com/question/14264438

#SPJ4

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1 year ago

A form of business ownership that provides limited liability to its owners, but is taxed as a partnership is a(n) .

n200080 [17]

A form of business ownership that provides limited liability to its owners, but is taxed as a partnership is a Limited Liability Company (LLC).

Limited Liability Company (LLC) is a form of business structure that gives protection to its owners against any debts or liabilities owned by the company. This means that the liability of the owners is limited to the amount of investment they have in the company.

This type of business is growing primarily in the United States. They do not pay taxes on their profits directly. Their profits and losses are passed through to members, who report them on their individual tax returns.

Therefore, Liability Company (LLC) is a form of business ownership that provides limited liability to its owners, but is taxed as a partnership.

Learn more about Limited Liability Company (LLC) in this link : brainly.com/question/13888388

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2 years ago

Cardinal Industries purchased a generator that cost $11,000. It has an estimated life of five years and a residual value of $1,0

atroni [7]

Answer:

Correct answer is letter D, $11,000 cost, five-year life and $1,000 salvage value

Explanation:

To compute depreciation expense of an asset using straight-line method of depreciation, the information we needed is 3,

1. cost of an asset

2. life of an asset (in year)

3. residual value (if available)

* residual value of an asset is to be determined by the company, some asset don't have scrap value assigned.

FORMULA 

The difference between the cost of an asset and the expected residual value over the number of years it is expected to be useful.

(cost of an asset - residual value ) / life of an asset

6 0

3 years ago