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3 years ago

Difference between uninsurable and insurable risks

2 answers:

6 0

Uninsurable risk : The risk cannot be estimated and not probable to forsee

Example : You cannot insure you losing or winning the lottery

Insurable Risk : If the risk is can be estimated and probable to forsee

Example : A football player insure their legs from potential injury

hope this helps

Pavel [41]3 years ago

6 0

Difference between uninsurable and insurable risks

Answer: The difference is the following: a risk is uninsurable when the insurance company cannot calculate the probability of the risk. On the other hand a risk is insurable if the insurance company has enough statistics to work out the probability of the risk.

I hope it helps, Regards.

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Some firms will ______ the market, and the market supply curve will shift ______.

torisob [31]

Answer: (D) enter; rightward

Explanation: As new firms enter the market, there is a shift in the supply curve to the right, decrease in market prices and decrease in economic profit.

3 0

3 years ago

Foods international is developing a new gluten-free, chili-flavored pretzel. the marketing strategy for the product has already

Pavlova-9 [17]

Once the final prototype is approved, the next step Foods international should do will most likely be test marketing. Test marketing is an experiment which is conducted in a field laboratory. The field laboratory denotes the test market and is comprised of actual stores and real-life buying situations . This tool is used by companies to check the viability of their new product before it is being launched in the real market.

Read more: http://www.businessdictionary.com/definition/test-marketing.html

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2 years ago

The following trial balance was drawn from the records of Havel Company as of October 1, year 2. Cash$16,000 Accounts receivable

Helen [10]

Question Completion:

Sales for October are expected to be $180,000, consisting of $40,000 in cash and $140,000 on credit. The company expects sales to increase at the rate of 10 percent per month. All accounts receivable are collected in the month following the sale.

Answer:

Havel Company

Havel may need to borrow money to be able to repay the Line of credit loan, pay salaries, and other office expenses, including interest on the line of credit loan.

Explanation:

a) Data and Calculations:

Havel Company

Trial Balance

As of October 1, Year 2:

Cash $16,000

Accounts receivable 60,000

Inventory 40,000

Store equipment 200,000

Accumulated depreciation $76,800

Accounts payable 72,000

Line of credit loan 100,000

Common stock 50,000

Retained earnings 17,200

Totals $316,000 $316,000

Expected sales in October = $180,000

Cash sales = $40,000

Credit sales = $140,000

Cash collection: month following the sale

Cash Budget for October 30, Year 2:

Beginning balance $16,000

Cash receipts

Cash sales 40,000

Accounts receivable 72,000

Total cash available $128,000

Cash payments:

Accounts payable 72,000

Line of credit repayment 100,000

Total payments $172,000

Ending cash balance ($44,000)

7 0

2 years ago

Landry Co. purchased $15,000 in inventory on April 1 under terms of 1/10, net 30. Landry missed the prompt payment deadline and

Vedmedyk [2.9K]

Answer:

Under the gross method

= $15,000

Under the net method

= $14,850

Explanation:

Data provided in the question:

Amount of inventory purchased = $15,000

terms of 1/10, net 30

Now,

Under the gross method,

The inventory is recorded at the price mentioned on invoice and only discounts taken are recognized

therefore,

Amount carried by inventory = Amount of inventory purchased

= $15,000

and,

Under the net method all the discounts will be taken

therefore,

Amount carried by inventory

= Amount of inventory purchased - Discount

= $15,000 - 1% of $15,000

= $15,000 - $150

= $14,850

7 0

3 years ago

The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $15,000),

AnnZ [28]

Answer: Scale Economies

Explanation:

Scale Economies or Economies of scale refers to a situation whereby a company stands to save more on costs if it produces more goods and services. The more they produce, the more they save.

Riverside Ranger logo T-shirts take $15,000 to set up and that is a set cost.

After that, it will cost $5,000 to make every 1,000 units per design.

The Marginal cost = 5,000/1,000 = $5

Total Cost is the initial cost + the marginal cost per unit.

Total Cost = $15,000 + 5Q

Average Cost = $\frac{15,000}{Q} + 5$

<em>Therefore as Quantity increases, Average cost will decrease showing Scale Economies. </em>

6 0

2 years ago