Answer: 18,000
Explanation:
Liability policy:
= 2,000
Insurance expense 2018:
= No. of months from 1 Jan 2018 to 31 Dec 2018 × Insurance expense per month
= 12 × 2,000
= 24,000
Prepaid insurance balance for liability policy on 31 Dec, 2018:
= Prepaid Insurance for liability policy - Insurance expense 2018
= 36,000 - 24,000
= 12,000
Crop damage policy:
= 500
Insurance expense 2018:
= No. of months from 1 Jan 2018 to 31 Dec 2018 × Insurance expense per month
= 12 × 500
= 6,000
Prepaid insurance balance for crop damage policy on 31 Dec, 2018:
= Prepaid Insurance for crop damage policy - Insurance expense 2018
= 12,000 - 6,000
= 6,000
Therefore,
Total prepaid insurance balance on 31 Dec 2018:
= Prepaid insurance balance for liability policy on 31 Dec, 2018 + Prepaid insurance balance for crop damage policy on 31 Dec, 2018
= 12,000 + 6,000
= 18,000
THE COMPLETE PARTS OF THE QUESTION
(socializing, incorporating, recruiting, inducting) members into the culture of the organization through the use of _____ (org design, criteria for selecting club members, reward systems & norms, leader reactions to critical incidents)
Answer:
1) socializing
2). reward systems & norms
Explanation: SOCIALIZING is the act or process through which a person or group of persons interact with others and take part in the activities which others do.
REWARD SYSTEM is the term used to describe the various processes or steps involved in compensation or paying for the Activities of others.
NORMS are a set of customs and traditions which have been found to be generally accepted and adopted as way of life.
Answer:
exclusive
Explanation:
Marketing mix can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.
Generally, a marketing mix is made up of the four (4) Ps;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
In this scenario, The Hopper Leg Winery from California's Sonoma Valley is trying to enter the wine market in France. To the company's surprise, it found that the France wine distribution channel was difficult to access as an outsider. Based on this, the market must have an exclusive distribution channel i.e the exclusive or unique rights to be a retailer for the supplier or manufacturer of the wine products.
Answer:
B. It is in everyone's best interests
Explanation:
Fredrick works for Vision, a billboard advertising agency. This agency specializes in hiring billboards from owners on behalf of clients. Simply put, Vision, an advertising agency, matches the need of its clients with the provision of billboards obtained from owners of such.
Fredrick works for the firm, and the implication is that, he's an agent of the agency firm, and the advertising firm is the Principal. The action of Fredrick routinely accepting pay-offs from the billboards owners contravenes this arrangement. Fredrick is thus acting parallel in line with his Principal.
It is thus worthy of note that Fredrick could only rationalize this action because he believes he is servicing the needs of the advertising agency and also the billboards owners. In his wisdom, everyone's objective is being made, bar the moral implications and obligations.
So, among the options enlisted, option B is the plausible answer.
1. Illegal and unreported economic activity: While goods such as illegal drugs, gambling, and prostitution are sold in markets, the transactions are hidden for obvious reasons.
2. Home production and bartered goods/services: If cash doesn't change hands, the transaction will not be included in GDP. One of the somewhat misleading aspects of GDP is that whether certain things are included depends not on the nature of the good or service, but whether it was (openly) exchanged for cash.
