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ankoles [38]
3 years ago
5

When Angela wanted to provide financial security for her dependents, she considered purchasing a product that would provide inco

me replacement in the event of her untimely death and also provide a savings/investment component while she is alive. Which company would she most likely do business with?
A. Credit card company
B. Investment company
C. Life insurance company
D. Finance company
E. Poyday loan company
Business
1 answer:
zavuch27 [327]3 years ago
4 0

Answer:

C. Life insurance company

Explanation:

  • Life insurance is an insurance company that deals with a product that provides reinsurance in the event of the untimely death of the insured.
  • There are also products that offer a savings / investment portion that saves insurance space for their future or for a specific period.

so correct option is C. Life insurance company

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I believe it's true

Explanation:

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Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, p
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Answer and Explanation:

a. The preparation of the sales budget is prepared below:-

                                            <u>Sonic Inc.</u>

                                          <u>Sales budget</u>

<u>Particulars          </u>Unit  Sales<u>           Unit Selling price     Total Sales </u>

                              <u>Volume</u>

Model Rumble:    

East Region          12,000                 $60                        $720,000

West Region         14,000                 $60                        $840,000

Total                                                                                 $1,560,000

Model Thunder:    

East region             3,500               $90                           $315,000

West region            4,000               $90                           $360,000

Total                                                                                   $675,000

Total revenue from sales                                                  $2,235,000

To reach the total revenue from sales we simply added the total of model rumble with a total of model thunder.

b. The Preparation of the production budget is shown below:-

                                               <u>Sonic Inc.</u>

                                          <u>Production budget</u>

<u>Particulars </u>                    Units Model            Units Model

                                         <u> Rumble</u>                    <u>Thunder </u>

Expected units to be

sold                                       26,000                    7,500

                                     (12,000 + 14,000)      (3,500 + 4,000)

Add: Desired ending

inventory                                500                             250

Total units required               26,500                       7,750

Less: Beginning inventory      750                            300

Total units to be produced    25,750                     7,450

So, to reach at total units to be produced we simply deduct the beginning inventory from total units required.

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