What is meant by the term operating leverage?

You pay $5,500 per year for insurance on your building. Fire damage caused $15,000 in repairs. The insurance company paid for th

ElenaW [278]

Based on the amount you pay now and the increase in insurance premiums, your annual insurance costs next year would be $6,325.

<h3>What is the next insurance cost next year?</h3>

The annual cost of insurance refers to the amount that is paid in premiums in a year.

That cost is currently $5,500 but will increase by 15%.

= Current insurance cost x ( 1 + rate of increase)

Solving gives:

= 5,500 x ( 1 + 15%)

= $6,325

Find out more on insurance cost at brainly.com/question/4953989.

6 0

2 years ago

Susan can brew 5 gallons of root beer in an hour or she can make 4 pizzas in an hour. Becky can brew 7 gallons of root beer in a

Murljashka [212]

Answer:

Becky

Explanation:

A person has absolute advantage in the production of a good if she produces more quantities of the good compared to the other person.

Susan produces 4 pizzas in an hour while Becky produces 5 pizzas in an hour. So, Becky has an absolute advantage in the production of pizzas.

I hope my answer helps you

6 0

3 years ago

This is your chance to calculate demand elasticities for health care. Suppose you are collecting data from a country (like Japan

sergejj [24]

Answer:

Arc price elasticity of demand = -0.273

Explanation:

This problem is solved as follows:

1. Identify the data.

Outpatient visit Price / visit

Tokyo 1.25 / month 20y

Hokkaido 1.5 / month 10y

Outpatient visits equal the quantities demanded of the service. Therefore, we can say that:

Qt (Outpatient visits in Tokyo) = 1.25 / month

Qh (Outpatient visits in Hokkaido) = 1.5 month.

With the following prices:

Pt (Price in Tokyo) = 20y

Ph (Price in Hokkaido) = 10 y

2. Apply the formula to calculate arc-elasticity of demand:

$Ep^{arc} = \frac{Pt+Ph}{Qt+Qh} *\frac{Qh-Qt}{Ph-Pt}$

We replace the data:

$Ep^{arc} = \frac{20+10}{1.25+1.5} *\frac{1.5-1.25}{10-20}$

$Ep^{arc}= \frac{30}{2.75} *\frac{0.25}{-10} = 10.91 *-0.025$

$Ep^{arc} = -0.27275$

Final answer: -0.27275 or -0.273

6 0

2 years ago

While doing an online search for a music venue, Darcy ran across a performance of Lady Gaga that featured her hair neatly wrappe

torisob [31]

Answer: (C) Product placement

Explanation:

The product placement is one of the type of marketing technique in which the various types of specific products or the brands are incorporate into the other types of works for example television and the various types of films program.

The product placement is important as by using this strategy it helps in increase the sale and also increase the awareness of the brands.

According to the given question, the marketers basically categorized into the advertising form as the product placement.

Therefore, Option (C) is correct.

3 0

3 years ago

Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $500. The fund wa

Salsk061 [2.6K]

Answer:

c. A credit to Cash of $272.75.

Explanation:

These transactions can be explained with the help of T- Account .

<h2><u> Cash </u></h2><h3><u>Debit Credit </u></h3>

Bal $ 500

Freight $61

Shipping

Charges $ 85

Supplies $ 50

Donation $ 69

Suspense 7.75

Fund $ 227.25

<u> Reimbursement </u><u> $272.75</u>

<u />

<em><u>As there is shortage of $ 272.25 in the amount of $ 500 the petty cash will be reimbursed with this amount.</u></em>

<em><u>An amount of $ 7.75 is short which is dealt in suspense account and reimbursed with the amount falling short.</u></em>

5 0

3 years ago