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WINSTONCH [101]
3 years ago
12

A mortgage clause insurance a. gives the same protection as a loss payable clause b. entitles mortgages to payment even when ins

ured have prejudiced their own rights under the policy c. bestows rights and obligations on mortgages and insured d. is an agreement between the mortgage and the insured​
Business
1 answer:
scZoUnD [109]3 years ago
4 0

Answer:

Mortgage clause insurance entitles the mortgages to make payment even when the insured have prejudiced their own rights under the terms of the policy.

Explanation:

A mortgage clause is one in which the property insurance policy states that the company of property insurance will pay out the claims to both the parties that is mortgagor (mortgage holder) and the mortgagee (mortgage lender).

It serves the purpose or objective of making sure that the parties will not suffer the losses who give mortgage loans  if something happens to the property which is mortgage is for.

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On May 3, 2020, Windsor Company consigned 90 freezers, costing $480 each, to Remmers Company. The cost of shipping the freezers
aivan3 [116]

Answer:

a. Value of Ending inventory  $ 22025

b. Profit=  $ 10429

c. Amount Remitted to the Consignor  $32454      

Explanation:

Windsor Company

Goods Sent on Consignment  90 * $ 480= $ 43,200

Shipping Charges                                              $ 850

Total                                                                    $44050

Cost of One Freezer = $ 44050/ 90= $ 489.44

Cost of 45 Freezers= $22025

The ending inventory value is calculated by multiplying the unit costs with the units at hand.

a. Value of Ending inventory at the Hands of the Consignee = Units* Cost Price = 45 * $ 489.44= $ 22025

Sales by the Consignee           45* $ 780= $ 35100

b. Profit= Sales - (Cost + Expenses) =  $ 35100- ($22025 + $2646)  

= $ 10429

Profit is calculated by subtracting all the expenses and the cost from the sales

Installation Charges                                 $330

Advertisement Costs                                $ 210

Commission (6% of 35100)=                     $2106

Total  Expenses                                      $2646  

c. Amount Remitted to the Consignor = Sales - Expenses=  ( $ 35100-  $2646 )= $32454                        

3 0
3 years ago
Read 2 more answers
¿Qué es la Biblia y qué significa?
miss Akunina [59]
The Bible is a religious text used by all Christians because it is supposed to be the word of god handed down by Abraham and Moses and in the second testimony (part, which jews don’t believe) it is written primarily by Jesus’ disciples. It matters because it is suppose to be what values the most to believers of Jesus and/or God.
4 0
3 years ago
The term ""umbrella insurance"" means a policy that provides coverage when a lawsuit is brought over injuries or damage the insu
shepuryov [24]

Answer:

The correct answer is Travelers Company.

Explanation:

An Umbrella Insurance Policy is a type of coverage that goes beyond traditional insurance for homes, cars and boats. To understand what an Umbrella Insurance Policy is, it is worth analyzing your coverage. This kind of policy protects against vandalism, slander, defamation and invasion of privacy, as well as claims for damages caused to other people or property in accidents. An Umbrella Insurance Policy is very useful when, for example, a person causes a car accident and their original policy does not cover all the medical expenses of those affected. This kind of policy is suitable for individuals with many assets or high-value assets that are highly likely to suffer lawsuits.

7 0
3 years ago
World Company expects to operate at 70% of its productive capacity of 38,000 units per month. At this planned level, the company
Evgen [1.6K]

Answer:

a. Predetermined Overhead Rate

Rate   = Overhead cost / standard hours of direct labor

Variable Overhead Costs Rate = 182875 / 16625 = 11  

Fixed Overhead Costs Rate= 66500 / 16625  = 4

Total Overhead Costs Rate = Variable Overhead Costs  + Fixed Overhead Costs

= 11 + 4

= 15

b. Total overhead variance

Overhead costs applied= Overhead * Standard Direct Labor Hours

When Standard Direct Labor Hours= (16625 / 38000 * 70%) * 44600

= (16625 / 26600) * 44600.

= 0.625 * 44600

= 27875 Hours.

i. Variable Overhead Costs = 11 * 27875 = 306625

ii. Fixed Overhead Costs = 4 * 27875 = 111500

iii. Total Overhead Costs = 15 * 27875 = 418125

The company incurred $421,625 actual overhead which is the Actual overhead.

Hence, Total overhead variance= Total Overhead - Costs Actual overhead

= $418,125 - $421,625

= -3500 (Unfavorable)

6 0
3 years ago
Southern Wear stock has an expected return of 15.1 percent. The stock is expected to lose 8 percent in a recession and earn 18 p
kari74 [83]

Answer:

15.26%

Explanation:

Given:

Expected return = 15.1% = 0.151

Expected loss in recession = - 8% = - 0.08   [negative sign depicts loss]

Expected earning in a boom = 18% = 0.18

Probabilities of a recession = 2% = 0.02

Probabilities of a normal economy = 87% = 0.87

Probabilities of a boom = 11% = 0.11

Now,

Expected return = ∑ (Probability × Return)

or

0.151 = 0.02 × ( - 0.08) + 0.11 × 0.18 + 0.87 × Return on normal economy

or

0.151 = - 0.0016 + 0.0198 + 0.87 × Return on normal economy

or

0.151 - 0.0182  = 0.87 × Return on normal economy

or

Return on normal economy = 0.1526

or

= 0.1526 × 100%

= 15.26%

4 0
2 years ago
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