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3 years ago

The purpose of insurance is to..

Business

2 answers:

andreyandreev [35.5K]3 years ago

3 0

Answer:

the answer i think is c.

Explanation:

Alona [7]3 years ago

3 0

Answer:

It manages assests to protect you from the risk of losing money

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The last step in the marketing process often includes: collecting the cash from sales to consumers. developing a written report

pochemuha

Answer: developing a written report to summarize the results of the period's marketing activities.

Explanation:

The last step in the marketing process often is developing a written report to summarize the results of the period's marketing activities.

Developing a written report to summarise the results of the marketing activities is necessary in order to evaluate the performance of the marketing activity and also learn from past mistakes which have previously affected the company.

These are vital in order to capture a good market share in the future and also achieve organizational goals.

6 0

3 years ago

In 20X1, Modern Property Groups collected rent revenue for 20X2 tenant occupancy. For financial reporting, the rent is recorded

vekshin1

Answer:

Debit deferred tax asset for $12,000

Debit income tax expense for $18,000

Credit income tax payable for $30,000

Explanation:

The journal entries will look as follows:

Date Account Name and Description Debit ($) Credit ($)

20X1 Deferred tax asset (w.1) 12,000

Income tax expense (w.3) 18,000

Income tax payable (w.2) 30,000

(To record income taxes at the end of 20X1.)

Workings:

w.1: Deferred tax asset = Deferred portion of the rent collected in 20X1 * Tax rate = $40,000 * 12% = $12,000

w.2: Income tax payable = Taxable income * Tax rate = $100,000 * 30% = $30,000

w.3: Income tax expense = Income tax payable - Deferred tax asset = $30,000 - $12,000 = $18,000

7 0

3 years ago

Patriot Co. manufactures and sells three products: red, white, and blue. Their unit selling prices are red, $20; white, $35; and

vagabundo [1.1K]

Answer:

a. break even number in units = $250,000 / $10.0908 = 24,775.04

red units = 24,775.04 x 5/11 = 11,261.38 ≈ 11,262 units

total sales = 11,262 x $20 = $225,240

white units = 24,775.04 x 4/11 = 9,009.11 ≈ 9,010 units

total sales = 9,010 x $35 = $315,350

blue units = 24,775.04 x 2/11 = 4,504.55 ≈ 4,505 units

total sales = 4,505 x $65 = $292,825

total sales = $833,415

b. new break even number in units = $300,000 / $19.4545 = 15,420.60

red units = 15,420.60 x 5/11 = 7,009.36 ≈ 7,010 units

total sales = 7,010 x $20 = $140,200

white units = 15,420.60 x 4/11 = 5,607.49 ≈ 5,608 units

total sales = 5,608 x $35 = $196,280

blue units = 15,420.60 x 2/11 = 2,803.75 ≈ 2,804 units

total sales = 2,804 x $65 = $182,260

total sales = $518,740

c. Management should start using the new material as soon as possible since it doesn't only decrease the break even point, if sales level remain the same, it will increase operating profits.

Explanation:

red's contribution margin = $8

white's contribution margin = $13

blue's contribution margin = $12

sales mix = 5:4:2

weighted contribution margin = ($8 x 5/11) + ($13 x 4/11) + ($12 x 2/11) = $3.6363 + $4.2727 + $2.1818 = $10.0908

new contribution margin:

red's contribution margin = $14

white's contribution margin = $25

blue's contribution margin = $22

sales mix = 5:4:2

weighted contribution margin = ($14 x 5/11) + ($25 x 4/11) + ($22 x 2/11) = $6.3636 + $9.0909 + $4 = $19.4545

4 0

3 years ago

Why does the market portfolio include all risky assets?

Bezzdna [24]

Under the CAPM, all investors hold the market portfolio because it is the optimal risky portfolio. Because it produces the highest attainable return for any given risk level, all rational investors will seek to be on the straight line tangent to the efficient set at the steepest point, which is the market portfolio. Branliest would be nice (:

6 0

3 years ago

Abc generally causes the least amount of cost distortion among products because indirect costs are allocated to the products bas

mel-nik [20]

Answer:

Cost Drivers

Explanation:

Abc generally causes the least amount of cost distortion among products because indirect costs are allocated to the products based on cost drivers.

Activity Based Costing does not apportion indirect costs but allocates them to products based on the level at which they drive those costs.

Cost driving is based on which activities or overheads are used by a product and by how much does it use (drive) those activities.

8 0

3 years ago