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irina [24]
3 years ago
5

Which term describes the cost to replace property minus the deduction for depreciation?

Business
1 answer:
Natasha_Volkova [10]3 years ago
5 0

Answer:

The correct answer is b) Actual cash value.

Explanation:

Insurance industry’s ACV is define as "the cost to replace with new property of like kind and quality, less depreciation. Courts have varied in their rulings as to whether or not depreciation includes obsolescence (loss of usefulness as a result of outmoded design, construction, etc.)."

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(Check your book for an explanation of double counting costs) Consider Diego’s decision to go to college. If he goes to college,
tino4ka555 [31]

Answer:

$42,600

Explanation:

Diego's cost to go to school is what he spends less what he stops earning if he works.

Data:

Tuition = $21,000

Room and Board = $11,000

Books = $1,800

Total expenses going to school =?

Salary if he works = $16,000

Expenses if he works = $7,200

Net Income =?

C = Diego’s cost of going to college =?

Calculations:

Expenses of going to school:

$21,000 + $11,000 + $1,800 = $33,800

Net income if you work:

$16,000 - $7,200 = $8,800

C = $33,800 + $8,800 = $42,600

Diego’s cost of going to college is $42,600

Hope this hepls!

3 0
3 years ago
The poverty rate for children under 18 in texas is while it is in the united states as a whole
mestny [16]
Its is 32 to 33 percent
6 0
3 years ago
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one depa
kherson [118]

Answer:

EU materials:    434.040‬

EU conversion: 412,632

Explanation:

W/a method count the complete units plus the percnetage of completion in the ending work in process intventory.

Materials:

transferred-out (completed) 411,000

ending WIP inventory

                    32,000 x 72% = 23,040‬

Equivalent untis materials:  434.040‬

Conversion:

transferred-out (completed) 411,000

ending WIP inventory

                    32,000 x 51% =     1,632

Equivalent untis conversion: 412,632

5 0
3 years ago
There are more than 20 stores on the same street that specialize in selling the same quality and brand of wheat products. An ind
Umnica [9.8K]

Answer:

Pure competition

Explanation:

  • Pure competition is a market structure in which many competitors sell many similar products. Due to high competition, market prices will fall. Pure competition is also called full competition. Other characteristics of pure competition.
  • There are many buyers and many sellers for market information
  • There are no entry and exit barriers in the market
  • Companies sell homogeneous products
  • Firms cannot affect market value. Companies are price takers.
  • Production units are identical and operate independently.

3 0
3 years ago
When Kenneth called Southern Security to buy a safe in which to store important personal documents and possessions, he most like
Lady bird [3.3K]

order taker

What is order taker?

An order taker is a specific category of salesperson who takes orders for goods and commodities but who makes no efforts to boost current sales, raise the frequency of orders, or acquire new clients. Order takers are not expected by the firm to convince customers to buy its items; instead, they are just responsible for recording and taking customer orders and relaying the information to the appropriate parties inside the organization.

In order to get specific information about customers' demands and needs, the company also expects order takers to be accurate and precise. An order taker has obligations to the customer in addition to the business.

Learn more about order taker with the help of given link:-

brainly.com/question/20344116

#SPJ4

5 0
2 years ago
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