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Anestetic [448]

3 years ago

12

Consider your home and possessions. What types oF risks do you Face? What insurance would you recommend to someone in a similar

location?

2 answers:

Allushta [10]3 years ago

8 0

Thefts and Home Insurance

adelina 88 [10]3 years ago

3 0

Some risks include flooding or tornadoes or earthquakes.

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Assume the XYZ Corporation is producing 20 units of output. It is selling this output in a purely competitive market at $10 per

stich3 [128]

Answer: is realizing an economic profit of $40

Explanation:

The total cost involved in the production will be:

Fixed cost = $100

Variable cost = $3 × 20 = $60

Total cost = $160

The selling price will be:

= $10 × 20

= $200

The economic profit will then be;

= Selling price - Cost price

= $200 - $160

= $40

8 0

3 years ago

The static budget, at the beginning of the month, for Beacon Banner Company follows:

olasank [31]

Answer:

D. $3885 U

Explanation:

7 0

2 years ago

Precilla Company uses a standard costing system that allows 2 pounds of direct materials for one finished unit of product. Durin

fenix001 [56]

Answer:

actual quantity= 25,000 pounds

Explanation:

Giving the following information:

Standard quantity= 2 pounds per units

Production= 12,000 units

Direct material quantity variance= $5,000 unfavorable

Standard price= 120,000/(2*12,000)= $5

<u>To calculate the actual quantity used in production, we need to use the following formula:</u>

Direct material quantity variance= (standard quantity - actual quantity)*standard price

-5,000 = (24,000 - actual quantity)*5

-5,000 = 120,000 - 5actual quantity

125,000/5 = actual quantity

25,000 = actual quantity

6 0

2 years ago

Aaron Company has 80,000 shares of $10 par common stock outstanding. On May 25, Aaron Company declared a $1.50 cash dividend. Th

Finger [1]

Answer:

a.a debit to Cash Dividends for $120,000.

Explanation:

The amount of dividend paid is dependent on two function; the number of shares and the amount declared for payment per share.

When it is paid, a credit is posted to cash account and the corresponding debit is posted to the dividend paid account.

As such, since the company has 80,000 shares and the declared dividend was $1.50,

Total dividend paid = $1.50 × 80000

= $120,000.

Hence cash dividend is debited with $120,000 on payment.

3 0

2 years ago

Provide some examples of items that would be adjusted directly against equity, rather than being included as part of profit or l

Hunter-Best [27]

Answer:

1.Common Stocks Issues and Repurchases

2.Preference Stocks Issues and Repurchases

3.Dividends Declared

Explanation:

Common Stocks Issues and Repurchases

Common Stockholders have voting rights. The movement in the Stocks must be presented separately in the Statement of Changes in Equity.

Preference Stocks Issues and Repurchases

Preference Stockholders do not have voting rights. The movement in the Stocks must be presented separately in the Statement of Changes in Equity.

Dividends Declared

Dividends Paid are not included in Profit and Loss but in Statement of Changes in Equity.

Payment of Dividends adjusts the Retained Earnings Amount in Statement of Changes in Equity.

5 0

3 years ago