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3 years ago

George is a captive agent with the Englewood Insurance Company. Being a captive agent means he has signed a

Business

1 answer:

Olegator [25]3 years ago

5 0

True

A captive agent means they have signed a contract to stay with the company for that many number of years

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To make bond purchases, the Fed gets the money __________. Select the correct answer below: exclusively from proceeds it has rec

MaRussiya [10]

Answer: by creating it

Explanation:

Here are the options:

a. from proceeds it has received from selling bonds in the past.

b. from dues paid to it by member banks.

c. by creating it.

d. from the government.

During recession, the government used the expansionary policies in order to improve and stimulate the economy. Buying bonds by the government is a way of increasing money supply in the economy.

To achieve this, the government simply has to create it which can simply be done by printing the currency.

6 0

4 years ago

Maddox Auto Parts, Inc., contracted with Billy's Mufflers Co. to purchase 35 mufflers from their warehouse supplies. All the muf

juin [17]

Answer: A. at the time of contracting.

Explanation:

Insurable interest is the reasonable concern to obtain insurance against unforeseen events such like losses or death. Insurable interest is when the loss of an object or damage would result in a financial loss.

Based on the information given, Maddox Auto Parts gained an insurable interest in the mufflers at the time of contracting. An individual will gain an insurable interest immediately s contract takes place.

Therefore, the correct option is A.

5 0

3 years ago

Which of the following is a nonmanufacturing business where process costing would most likely be used? An auto body shop. A furn

solmaris [256]

All of them are the non-manufacturing business where process costing would most likely be used.

Explanation:

All are non-manufacturing business which are as follows,

An auto body shop.
A furniture repair shop.
A laboratory that tests water samples for lead A tailoring shop.
A beauty shop.
Non-manufacturing business costs refers to those business where it is incurred outside the factory or production unit
Non-manufacturing costs includes,
selling expenses
general expenses
Selling Expenses
It is also called as selling and distribution expenses.
Non-manufacturing expenses have no impact on the production cost of the company due to their period costs.

7 0

3 years ago

A decrease in money demand for some reason other than a change in the price level causes _________.

goldenfox [79]

Answer:

Explanation:

3 0

3 years ago

Assets Current assets $38,000,000 Net plant, property, and equipment $101,000,000 Total assets $139,000,000 Liabilities and Equi

Reil [10]

Answer:

9.73%

Explanation:

the market value of equity = 10,000,000 stocks x $15 = $150,000,000

the market value of debt = 40,000 bonds x $1,150 = $46,000,000

total = $196,000,000

weight of equity = 0.7653

weight of debt = 0.2347

Re = 3.5% + [1.35 x (0.115 - 0.055)] = 0.035 + 0.081 = 0.116

cost of debt = ytm = {36.25 + [(1,000 - 1,150)/40]} / [(1,000 + 1,150)/2] = (36.25 - 3.75) / 1,075 = 32.50 / 1,075 = 0.03023 x 2 = 0.0605

after tax cost of debt = 0.0605 x (1 - 40%) = 0.0363

WACC = (0.116 x 0.7653) + (0.0363 x 0.2347) = 0.09729 = 9.73%

3 0

3 years ago