The amount of time that is allowed before filing a report with the Michigan Dnr if property damage exceeds $2,.000 is 5 days.
<h3>What is Insurance?</h3>
This refers to the coverage that a product or service has and subscribed for that is covered in the event of theft, loss, or other unforeseen circumstance.
Hence, we can see that in the case of property damage, the maximum amount of time given to file to the Michigan DNR is five days if the damage to the vessel and other property damage totals more than $2,000.
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Answer:
A. benchmarking
Explanation:
In companies; benchmarking is the good practice as it compares the company's business processes and performance metrics to industry. There are four types of benchmarking which are internal, competitive, functional and generic. Benchmarking always facilitate to seek the best practices of your competitor and learn it to implement or take strategic decisions. Based on the data and information which is derived from benchmarking; company can modified its strategies towards the achievement of objective to excel among competitors.
Answer: $329.75
Explanation:
The one year subscription is $40 per year. It is estimated that the average age of current subscribers is 38 and they will leave on average to 78. This means that they will leave for,
= 78 - 38
= 40 years
Evans Ltd average interest rate on long-term debt is 12% so this means that we can use that 12% as a discount rate for the cash-flow expected.
I have attached a Present Value Interest Factor of an Annuity table to this question. It helps calculate annuities faster.
The above can be treated as an annuity because the $40 is constant every year.
The present value of the $40 over 40 years can be calculated by,
= $40 * present value Interest Factor of an Annuity for 40 years at 12% (look at the table for where 40 years on the y axis intersects with 12% on the x axis)
= $40 * 8.2438 (this is the figure when it is not rounded off to 3 dp)
= $329.752
= $329.75
This shows that the lifetime flat fee of $480 is more profitable for Evans Ltd as opposed to the yearly subscription. They should therefore try to sell more of the lifetime contract with the flat fee.
Answer:
<em><u>Convenience products.</u></em>
Explanation:
Convenience products are those goods or services that are purchased by the consumer with high frequency without comparison criteria or high purchasing efforts. These products are widely distributed so that the consumer has the availability of purchase at any time. Examples include magazines, fast food, detergents and beverages.
Some of its features are:
- Low price,
- Classified as non-durable goods,
- High frequency of replacement at points of sale,
- Easy replacement products
What’s the Acronym? (A acronym is like LOL, or OMG)
