The rate of increase for these automobiles between the two time periods is 10%
<h3>What is automobiles?</h3>
Automobile is the wheeled vehicle usually having four wheels and generally used for the transportation purposes. For example :- car, buses, trucks, bike etc.
In the above case, the average cost of the automobile is $12000 in 2009 but now it has increased to $ 13200. For the calculation of the increased rate of the auto mobile following formula is used as follows:-
Increased rate = (current value -Initial value )/current value * 100
=( $13,200 - $12,000)/ $12,000 *100
=$1200/ 12000 *100
= 10%
Therefore, the rate of the increase for these automobile between 2 periods is 10%.
Learn more about increase rate here:
brainly.com/question/20820218
#SPJ1
Answer:
D. Extended form
Explanation:
The extended form is a non forfeiture option which is included to extend the coverage for a limited period of time upon the failure of the policy holder to pay the premiums. Here, the policy holder stops to pay the premiums but keeps the full amount of the policy in force for whatever term the cash value permits.
It is the default non-forfeiture option that is, it is automatically implemented.
A favorite company would be Walmart, because we go there often. A specific product is hard to determine.
Answer:
40 %
Explanation:
Contribution Margin = Contribution ÷ Sales
Where,
Contribution = Sales - Variable Costs
= $650 - $390
= $260
Therefore,
Contribution Margin = $260 ÷ $650
= 0.40 or 40 %
