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3 years ago

Under which circumstance would someone need disability insurance?

2 answers:

8 0

You would need Disability insurance to protect one's income in the case that he or she becomes disabled.

So circumstances could include car crashes natraul events

iragen [17]3 years ago

4 0

If they physically cant move to make money to afford insurance they will receive disability.<span />

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Which of the following loans typically offer the lowest interest rate

Georgia [21]

I don't know what your interest rates are but 1.10(10% increasing) is more then 1.01(1% increasing). Does this help?

8 0

3 years ago

Once a company has prepared an adjusted trial balance it is ready to prepare financial statements. Which financial statement is

Sloan [31]

Answer:

Explanation:

There is a sequence of preparing statements of financial statements because some statements use information from other statements of financial position. The income statement does not require information from any other statements. The retained earnings need information from income statement to calculate current retained earnings. The balance sheets require information from statement of retained earnings(retained earnings for this period).

8 0

3 years ago

Tommy’s Tile Service is planning on purchasing new tile cleaning equipment that will improve their ability to remove tough stain

sergejj [24]

Answer:

1. $132,800

2. $531,200

3. $1,071,200

Explanation:

The break-even point is the level of sales at which the business incur no profit no loss.Fixed and variable costs are covered at this level of sales. Use following formula of break-even to calculate the fixed cost.

Break-even point = Fixed cost / Contribution margin ratio

$487,200 = Fixed cost / 25%

Fixed Cost = $487,200 x 25% = $121,800

Revised Fixed cost = $121,800 + $11,000 = $132,800

New Break-even point = $132,800 / 25% = $531,200

Desired profit = $135,000

Desired revenue = ( Desired profit + Fixed cost ) /Contribution margin ratio = ( $135,000 + 132,800 ) / 25% = 267,800 / 25% = $1,071,200

5 0

3 years ago

The additional benefit of producing one more roast beef sandwich at a local deli is $2. The additional cost of producing one mor

aivan3 [116]

Answer:

The correct answer is D) "producers should not produce one more roast beef sandwich because MC > MB"

Explanation:

Marginal cost (MC) is the additional cost that you provoke when you add an extra unit of goods or services to your company.

Marginal benefit (MB) is the additional benefit that you receive when you add an extra unit of goods or services to your company.

When:

MC > MB (producers shouldn't produce an additional good or service)

MC < MB (Producers should produce an additional good or service)

4 0

3 years ago

Which of the following is a true statement? A. Adverse selection occurs after a transaction has taken place in insurance market

Salsk061 [2.6K]

Answer:

Explanation:

FDIC gives insurance to depositors. it promises to pay back a certain amount of the deposits of a banks customers in the case where a bank fails. As a result of this insurance banks have a greater incentive to take on more risky projects because they know that their customers would be protected even the project goes sour and the bank fails.

Due to the services of the FDIC, less depositors have lost money when a bank fails because of the insurance services they provide to depositors.

8 0

3 years ago