A third-party claim is commonly referred to as a liability claim because someone else is liable for the injuries suffered by the third party. If the insurance company is unable or unwilling to settle with the injured third party, the third party can bring the liability claim to the tort system.
Because producers find it easier and less costly to make only a few goods or services, and consumers prefer to choose among many, this is Marketing.
<h3>What is marketing?</h3>
Marketing is the activity of a producer or company to identify customer needs and and then produce and allow the flow of goods to meet the needs.
The needs are the problem the producer is solving by making it available.
Therefore, Because producers find it easier and less costly to make only a few goods or services, and consumers prefer to choose among many, this is Marketing.
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Answer:
$800 million
Explanation:
GDP = consumption (C) + investment (I) + government spending (G) + Net Export (NX)
Y = C + I + G + NX
The number of computers left is
= 1,000,000 - 200,000 (household) - 300,000 (businesses) - 300,000 (government) - 100,000 (Foreign)
= 100,000
This worth 100,000 × $2,000 = 200 million
300,000 computers × $2,000 = 600 million
Total of these two = 200 + 600 million
= 800 million
Therefore, the value of the investment component of GDP is $800 million.
Answer:
The company must sell $300,000 to earn a target profit of $90,000.
Explanation:
Contribution margin per unit = Sales price per unit - Variable costs per unit. = $60.00 - $15.00 = $45
Contribution margin ratio = Contribution margin per unit / Selling price per unit = $45 / $65 = 0.75, or 75%
Total Fixed Costs = $135,000
Target profit = $90,000
Sales in dollars to earn the target profit = (Fixed cost + Targeted profit) / Contribution margin ratio = ($135,000 + $90,000) / 75% = $300,000
Therefore, the company must sell $300,000 to earn a target profit of $90,000.