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3 years ago

Match the following:

Business

2 answers:

shutvik [7]3 years ago

8 0

Answer:

1. Account verification: a process in which banks check your history to make sure you will be a responsible account holder.

2. Budget: a coverage plan for how you will spend and save money.

3. Claim: a request for payment from an insurance company.

4. Deductible: the amount an individual has to pay when they make a claim, with the remaining cost covered by the insurance company.

5. Liability: insurance that covers other people's injury or loss for which you are responsible.

6. Phishing: requesting confidential information over the internet under false pretenses in order to fraudulently obtain credit card numbers, passwords, or other personal data.

sineoko [7]3 years ago

7 0

Answer:

1. account verification - a process in which banks check your history to make sure you will be a responsible account holder

2. Budget - coverage a plan for how you will spend and save money

3. Claims - a request for payment from an insurance company

4. Deductible - the amount an individual has to pay when they make a claim, with the remaining cost covered by the insurance company

5. Liability - insurance that covers other people's injury or loss for which you are responsible

6. Phishing - requesting confidential information over the internet under false pretenses in order to fraudulently obtain credit card numbers, passwords, or other personal data.

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The name of the budget that plans for how the business will run until it becomes self-sustaining, I.e. until it begins to make

amm1812

Answer:

start-up is the correct answer.

6 0

3 years ago

Mountaineers Inc. sells its rock-climbing shoes worldwide. Mountaineers Inc. expects to sell 4,000 pairs of shoes for $165.00 ea

bogdanovich [222]

Answer:

expected sales January, 4,000 pairs of shoes at $165 each = $660,000

expected sales February, 2,000 pairs of shoes at $220 = $440,000

expected COGS = 75% of expected revenue

expected sales March, 4,600 pairs of shoes at $240 = $1,104,000

ending inventory = $18,000 plus 45% of next month's COGS

<h2> <u>Sales budget</u> </h2>

Month January February March

Units 4000 2000 4600

Price $165 $220 $240

Total sales $660,000 $440,000 $1,104,000

<h2><u>Inventory, Purchases and COGS Budget</u></h2>

January February March

cost of goods sold $495,000 $330,000 $828,000

<u>+ desired ending inventory $166,500 $390,600 ? </u>

Total merchandise required $661,500 $720,600 ?

<u>- beginning inventory ($315,000) ($346,500) ($374,100)</u>

budgeted purchases $346,500 $374,100 ?

8 0

3 years ago

A key objective of the _____ was to restore public faith and trust in the securities markets battered by the stock market crash

weeeeeb [17]

It would be the Banking act of 1933; made so that banks would be unable to invest their money so that people would have more faith in them.

3 0

3 years ago

Eastwood Post Pavillion received a $650 check from a customer for the balance due. The transaction was erroneously recorded as a

s344n2d4d5 [400]

Explanation:

The correct journal entry is as follows:

Cash Dr $90

Service revenue Dr $560

To Account receivable $650

(Being the cash received is recorded)

Basically we debited the cash for $90 and service revenue for $560 and credited the account receivable for $650 so that the correct posting could be done

The cash difference is

= $650 - $560

= $90

3 0

3 years ago

The demand for the services of trish's computer services has increased. trish employs several workers who diagnose and fix clien

MArishka [77]

Answer:

1) what will happen to the mrp and wages of trish's workers?

the marginal revenue product (MRP) is defined as the additional revenue generated by employing one extra unit of labor. In this case, the MRP will exceed the wages paid by Trish, generating economic rent or above average returns.

2) the wage rate is w2; the old wage was w1. what is the economic rent trish's workers now earn?

If Trish raises her employees' wages due to the increasing in price, then her employees will be earning economic rent = w2 - w1. This means that their wage is higher than the usual wage that would be paid for doing that job.

3) define economic rent.

Economic rent is defined as the additional profit generated by a business that exceeds its opportunity cost.

Economic rent = marginal revenue product – opportunity cost

The opportunity cost is the extra costs or benefits lost from choosing one activity or investment over another alternative.

In this case, Trish is earning an economic rent with her business because her earnings are higher than any other earnings that she could make by investing in something else.

4) what factors affect the elasticity of supply of the labor supply curve that trish faces as she hires workers?

The elasticity of the labor supply curve shows how much a 1% change in wages affect the quantity of labor supply (in % also).

In this case, the factors affecting the labor supply would be the substitution effect and the income effect of a rise in wages. Both factors are opposite, and in this case I would believe that the substitution effect would be greater.

The substitution effect means that workers will start working more because they are paid a higher wage. they will be willing to give up leisure time in order to work more hours and earn a higher salary.
The income effect means that workers will start working less hours due to higher wages per hour.

8 0

3 years ago