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3 years ago

What is the viability and relevancy of insurance products sold to businesses and individual

1 answer:

8 0

The viability and relevance of insurance products usually cater the preference of the insurance buyer.
For example, some buyer want to make sure that they have a safe retirement so they tend to lean towards good individual retirement policy.
Some buyer want to make sure that his/her family is taken care of if something happens to them, so they tend to seek the product with highest life coverance, etc.

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Which of the following items are liabilities of Siebers Jewelry Stores? Indicate by Yes/No.

Burka [1]

Answer:

Accounts Payable -Yes

Salaries and wages payable - Yes

Explanation:

Accounts Payable is the money which the business owes its suppliers. It is a liability.

Salaries and wages refers to the debts of the business to its employees. It is also a liability.

7 0

2 years ago

Read 2 more answers

Which of the following activities create positive externalities? Group of answer choices An excavation firm pollutes a local str

Blizzard [7]

Answer:

The activities that creates positive externalities among the options include:

Late-night road construction begins on a new bridge. As a consequence, traffic is rerouted past your house while the construction takes place.
You and your friends volunteer to plant wildflowers along the local highway.

Explanation:

Positive Externality occurs when the consumption or production of a good causes a benefit to a third party.

Take for instance, Government grants and subsidies to producers of goods and services that generate external benefits will reduce costs of production, and encourage more supply.

The positive externalities includes supply of merit goods such as healthcare, education, and social housing.

Late-night road construction begins on a new bridge. As a consequence, traffic is rerouted past your house while the construction takes place. The positive externality here is easy access to transport.
You and your friends volunteer to plant wildflowers along the local highway. This will cause your relationship with your friends to blossom and when the plants grow, it will purify the air and beautify the environment.

7 0

2 years ago

Compute the Cost of Goods Sold for 2016 using the following information:Direct Materials, Jan. 1, 2016 $40,000Work-in-Process, D

guapka [62]

Answer:

Cost of Goods Sold = $234,000

Option B is correct ($234,000)

Explanation:

First we will calculate total direct material used in production:

Total Direct material=Starting Direct Material+ Purchases of Direct Material+ Ending Direct material

Total Direct material=$40,000+$75,000-$43,000

Total Direct material=$72,000

Calculating Cost of goods Manufactured:

Cost of goods Manufactured=Total Direct material+Direct labor+ Manufacturing Overhead+Beginning WIP inventory-Ending WIP inventory

Cost of goods Manufactured=$72,000+$48,500+$72,500+$87,000-$69,000

Cost of goods Manufactured=$211,000

Cost of Goods Sold = Cost of goods Manufactured+ Starting Finished Goods-Ending Finished Goods

Cost of Goods Sold = $211,000+$128,000-$105,000

Cost of Goods Sold = $234,000

Option B is correct ($234,000)

6 0

3 years ago

John walks into a grocery store and suddenly realizes that the prices on most of his favorite imported products are reduced. Whi

rosijanka [135]

The correct answer is D. I saw other people put this so sorry I don’t really know why I’m sorry

8 0

3 years ago

The maturity of most bank loans is short term. Bank loans to businesses are frequently made as 90-day notes which are often roll

maks197457 [2]

Answer:

A. True

Explanation:

Bank loans are generally short term for meeting the working capital needs, that depends upon the operating cycle of a company.

Usually that keeps on rotating and extending, as the banks keep on earning interest and the funds are usually not needed, this results in the constant support for business.

Further this facility is only provided to the clients who are performing good and that the clients are viable.

If the balance sheets of the client depicts that they are not financially viable then the bank do not extend the time limits and tries to recover the funds as soon as possible.

5 0

3 years ago