Answer:
Speed Wheels and the Insurance Company
The insurance company will pay Speed Wheels $14,200.
Explanation:
a) Data:
Insurance cover = $150,000
Insurance premium = $7,500
Insurance Claim = $14,200
b) The insurance company is expected to restore the insured, Speed Wheels, to its former position before the damage. It can do this by issuing a check to the value of the claim after some verifications. The insurance company will most likely not reject the claim as the amount of damage suffered is within the insurance coverage.
Based on the scenario above, when this happens, the customer
is likely to be engaging or to have a traded down. The trading down is being
defined as having the quality of the product to be reduced in means of being
able for the price to be suited for its consumers.
Answer:
The options for the question are:
True
False
And the answer is:
False
Explanation:
Options outside of banking institutions tend to be attractive because they usually do not require a scan of the borrower's credit history, however, they are also riskier options because they frequently charge higher interest rates.
It's always best to go to a trustworthy financial institution when in need for a loan, even it a credit history study is required. This actually should be seen as positive because both the bank and the borrower make sure that the credit is not too risky before approving it.
The question is incomplete. The complete Question is as follows,
Whistle Works manufacturers safety whistle keychains. They have the following information available to prepare their master budget:
Units to be produced
October 4,500
November 4,750
December 5,200
Whistle Works sells each whistle for $12. It takes 3 ounces of metal to produce each whistle at a cost of $0.50 per ounce. They prefer to have 10% of materials required for the following month's production in ending inventory as well. How many ounces of direct materials does Whistle Works need to purchase in October to meet production needs?
A) 4,500 ounces
B) 13,575 ounces
C) 13,425 ounces
D) 4,525 ounces
Answer:
Purchases = 13575 ounces
Option B is the correct answer
Explanation:
To calculate the purchases of material for October, we first need to calculate the inventory needed to produce the desired number of units in October along with the desired ending inventory and adjust it for the available opening inventory at start of October.
Material available at Start - October = 10% * 4500 units * 3 ounces per unit Material available at Start - October = 1350 ounces
Material required at end - October = 10% * 4750 units * 3 ounces per unit
Material required at end - October = 1425 ounces
Material required to produce required units in October = 4500 * 3 = 13500
Production = Opening Inventory + Purchases - Closing Inventory
13500 = 1350 + Purchases - 1425
13500 + 1425 - 1350 = Purchases
Purchases = 13575 ounces
Solution:
Total number of seats in the plane = 57
From MSY to DFW = 44 passangers
From DFW to OKL = 49 passangers
From OKL to TUL = 36 passangers
From TUL to FWB = 30 passangers
From FWB to MYS = 49 passangers
So the average number of seats filled per flight
= (44+49+36+30+49) / 5
= 208/5
= 41.6
For the last 5 flights Load factor = Average number of seats filled per flight / Total number of seats in the plane
= 41.6 / 57
= 0.7298
= 72.9%
So for the last five flights the load factor was 72.9%
