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3 years ago

Which company took its name from the fact that it specialized in selling insurance to federal employees?

Business

2 answers:

Kobotan [32]3 years ago

6 0

Answer:

GEICO

Explanation:

In 1936, Leo and Lillian Goodwin started an insurance company to serve federal government employees.

Genrish500 [490]3 years ago

5 0

Geico is the company

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A computer company's yearly inventory cost is 40 percent (which accounts for the cost of capital for financing the inventory, wa

aksik [14]

Inventory Costs plays a major role in ascertaining working capital requirements as well structuring cash flow statement.

Explanation:

In the given example,

inventory cost 40 percent

Inventory Value $400 million

Ratio of inventory cos ts to inventory value = Inventory Cost / Inventory Value .

so in the current case it will be 40% x/$400 million

Hence, Inventory Cost 160 Million

Since the cost is fairly on a higher side at 40$ it should try to reduce it which will help in improving its bottom-line.

Company should focus on offering on discounts and promotions and reduce Obsolete Stock.

It should work on restructuring and organizing warehouse costs by prioritizing inventory based on their movements.

The procurement team should order in minimum quantities and benchmark reorder point.

3 0

2 years ago

At the start of the year, your firm's capital stock equaled $10 million, and at the end of the year it equaled $15 million. The

hammer [34]

Answer:

c. $5million

Explanation:

Net investment = Gross investment - Depreciation

Also, Net investment equals investment at the beginning of the year minus investment at the end of the year

Net investment = $15million - $10million

Net investment = $5million

Therefore, net investment during the year equals $5million

5 0

2 years ago

A company produces alternators for cars. They generally use a static budget with the following costs based on 8,000 units per mo

Daniel [21]

Answer:

$70,875

Explanation:

By definition, a flexible budget is when a budget has been adjusted or flexed to accommodate the changes in the level of activity.

If the company wanted to create a flexible budget for 9,000 units, then the value that would be recorded for variable costs will be:

Indirect materials, $22,000/8000*9000 = 24,750;

Indirect labor, $25,000/8000*9000 = 28,125 ;

Utilities, $12,000/8000*9000 = 13,500;

Supervision, $4,000/8000*9000=4,500

Total of variable costs = ........................70,875

3 0

3 years ago

All of the following are functions of a knowledge management system EXCEPT: a. designing information systems. b. improving colla

Alika [10]

Answer:

designing information systems

Explanation:

knowledge management system are system designed to managed the knowledge of a company. The design of IT Systems is not under it scope.

7 0

2 years ago

What is the purpose of the pre-accident plan?

Natalija [7]

Having an established plan reduces the confusion that sometimes occurs with an accident. ... As part of the pre-accident planning, assign specific roles or duties to key personnel. These employees control specific aspects of the accident response to keep a handle on the situation. In short form, it is t<span>o establish procedures which result in preventing </span>accidents<span>.</span>

7 0

3 years ago