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ra1l [238]
3 years ago
12

Charles is a consultant living in a rented apartment. Which of the following statements would represent a logical position for h

im to take on renters insurance? Select the best answer from the choices provided.
A. Charles should buy renters insurance because the premiums are not substantially less than the value of his belongings.
B. Charles should buy renters insurance to protect the value of the property.
C. Charles should forgo renters insurance if the premiums will quickly overtake the value of his belongings.
D. Charles should forgo renters insurance if the deductible is substantially less than the value of his belongings.
Business
1 answer:
miskamm [114]3 years ago
3 0

C. Charles should forgo renter's insurance if the premiums will quickly overtake the value of his belongings.

Renter's insurance is a useful and valuable tool to protect tenants against loss  or damage of  their property, and is a wise purchase in most cases. However, if you are paying more every month in your insurance premiums than the total value of the goods you are protecting, the insurance may no longer be worth the cost.

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For the year ended December 31, Depot Max's cost of goods sold was $56,900. Inventory at the beginning of the year was $6,540. E
il63 [147K]

Depot Max's inventory turnover for the year is 8.3

Given

Cost of goods sold = $56900

Begining Jovenstory = $6540

Ending Inventory = $7250 .

Average inventory = opening inventory + closing inventory  / 2

= $6 540 + $-7250 / 2

Average inventory = $6895

cost of goods old

.: Inventory turnover = cost of goods sold / Average inventory

56900 / 6895

= 8. 252 times

He Depot Max's Inventory 8.3 times (approx ).

Learn more about turnover here: brainly.com/question/25623677

#SPJ4

3 0
2 years ago
Which of the following statements are true regarding​ externalities? ​(Check all that apply​.) A. Deadweight loss can be either
ella [17]

Answer:

d

Explanation:

A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.

A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.

Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible

Coase theorem has been proposed as a solution to externality. According to this theory, when there are conflicting property rights, bargaining between parties involved can lead to an efficient outcome only if the bargaining cost is low

Another solution to negative externality is through the activities of charities. Charities can raise donations to limit or regulate the activities of firms that constitutes a negative externality.

6 0
3 years ago
Assume that at December 31, 2015, management determined that it will be unable to collect $1,200 owed to it by its customer Acme
garik1379 [7]

Answer:

account receivables 600 debit

    allowance for doubful account 600 credit

--to revert the write-off--

cash     600 debit

  account receivables 600 credit

--to record the payment from Acme Inc--

Explanation:

The company will revert the write-off of Acme. Inc account and then record a collection as usual

We use the allowance account as previously the company did as follows:

allowance for doubful account 1,200 debit

  account receivables                   1,200 credit

to write-off the account.

We reverse this by the amount paid by Acme which is 600

Then, we record receiving the cash (debit) and decreasing the account receivable (credit)

3 0
3 years ago
The following information has been gathered for Foxmoor Industries for its fiscal year ending December 31: Estimated factory ove
lions [1.4K]

Answer:

Estimated manufacturing overhead rate= $32 per labor hour

Explanation:

Giving the following information:

The estimated factory overhead costs $ 2,496,000. Estimated labor hours 78,000.

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 2496000/78000= $32 per labor hour

5 0
2 years ago
Just one more time :)
Black_prince [1.1K]

Answer:

for what?

Explanation:

7 0
3 years ago
Read 2 more answers
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