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4 years ago

What is a cost of avoiding insurance?

Business

2 answers:

Alexxx [7]4 years ago

8 0

A. One may fall into debt if faced with a serious problem

olga55 [171]4 years ago

4 0

Answer:

Cost of avoiding insurance will only occur when there is a accident or major injury. Basically, when there is a related damage which could be covered through insurance and for which no insurance is taken then the person has to pay for the entire fault, whether it be a third party injury, self injury, or in case of vehicle insurance, payment for repair of vehicle.

The net amount is the cost, basically the amount paid for repair - the amount to be paid for the insurance as the premium.

Cost of avoiding insurance is the cost of loss, because of no insurance.

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Selling price per unit is $68

kari74 [83]

Answer:

Income statement

Sales Revenue $ 612,000

Variable Overhead cost $ (315,000)

Fixed manufacturing overhead $ ( 126,000)

Gross Profit $ 171,000

Variable Operating expenses $ ( 27,000)

Fixed Operating expenses $( 93,000)

Net Income $ 51,000

Explanation:

Income statement

Sales Revenue ( 9,000 units * $ 68) $ 612,000

Variable Overhead cost ( 9,000 * $ 35 ) $ (315,000)

Fixed manufacturing overhead $ ( 126,000)

Gross Profit $ 171,000

Variable Operating expenses ( $ 3 * 9000 units) $ ( 27,000)

Fixed Operating expenses $( 93,000)

Net Income $ 51,000

4 0

3 years ago

Shelby hired Lynn, an attorney, to represent her in an employment discrimination case. Lynn is a(n) _____ who has a duty to act

vlabodo [156]

The answer is fiduciary

4 0

3 years ago

The fact that one department may be labor intensive while another department is machine intensive explains in part why multiple

serious [3.7K]

Answer:

That statement is true

Explanation:

Pre-determined overhead is the method of overhead calculation that being done at the beginning of each accounting period. They use the number based on estimation from the performance on the previous period.

Determining pre-determined overhead of a machine is far easier compared to human labor since machine tend to give stable performance.

Since larger companies tend to use more machines than smaller companies, pre-determined overhad is more common among larger companies and rarely found in smaller ones.

8 0

3 years ago

Pot Co. holds 90% of the common stock of Skillet Co. During 2018, Pot reported sales of $1,120,000 and cost of goods sold of $84

dangina [55]

Answer:

Consolidated sales $1,400,000

Consolidated cost of goods sold $966,000

Explanation:

The consolidated sales and cost of sales of the Pot Group shall be determined through the following mentioned method:

Pot Co Skillet Co Consolidated Figures

Sales $1,120,000 $420,000 $1,540,000

Less:Intra group sales ($140,000)

Consolidated sales $1,400,000

Cost of sales $840,000 $252,000 $1,092,000

Less:Intra group cost of sales ($140,000)

Add:Unrealized profit on intra group sales $14,000

(140,000*40%*25%)

Consolidated cost of goods sold $966,000

7 0

3 years ago

Heidi, a local farmer, buys her equipment exclusively from the manufacturer Farm Supply Inc. Because of this, Heidi is affected

Hoochie [10]

Answer:

E. Stakeholder

Explanation:

Ths stakeholder is a person who has an interest in a company. It involves investors, employees, customers, suppliers, etc and got affected.

Since in the question it is mentioned that the Heidi who is a local farmer purchase the equipment from the manufacturer and he gots affected so this indicated that Heidi is a stakeholder

Therefore, the last option is correct

7 0

4 years ago