All categories

2 years ago

HELP! ASAP!! Ben helps people choose the right insurance policy and sets up their policies. He is:

Business

1 answer:

wlad13 [49]2 years ago

6 0

Answer:

The correct answer would be A, An Insurance Agent.

Explanation:

An Insurance agent is an agent who helps people choose the right insurance policy and sets up their policies. Insurance Agent can be an independent person selling Insurance policies for commission or can be an employee of the insurer company. This person acts as an agent and help people in deciding which policy to choose according to their needs and wants. He also sets up their policies. For example, if a person is married and has children, the insurance agent may ask him to choose the education insurance for his children. He may also ask him to pick the life insurance policy to get him family secured after his demise. So an insurance agent not only helps people choose their policies but also helps them set up.

You might be interested in

Park Sung Inc. is a fictional South Korean manufacturer of refrigerators. The company produces at its manufacturing plant in Bus

Murrr4er [49]

Answer:

The answer for each requirement is given separately below.

Explanation:

What is the economic production quantity (EPQ)?

EPQ = ((Annual Requirement * setup cost *2)/Carrying cost per unit)^(1/2)

= ((30,000 * 50 *2)/3^(1/2)

= 1000 Units

a. What is the average inventory level for this optimum production quantity?

Average Inventory level = EPQ/2 = 500 units

b. How many production setups would there be in a year?

Production setups = Annual Usage /EPQ = 30 set ups

C. What is the optimal length of production run in days

length of production = Total Requirement/production per day

= 30,000/275

=110 days approx

d. What would be the savings in annual inventory Cost if setup costs can be reduced to US$40 per setup?

If set up cost reduce to $40 than EPQ = 895

So Set up cost = 30,000/ 895 * 40 = 1,360

Carrying cost = 883/2 *3 = 1,325

Total Cost = $ 2,685 -A

If set up cost $50 than EPQ = 1000

So Set up cost = 30,000/ 1000 * 50 = 1,500

Carrying cost = 1000/2 *3 = 1,500

Total Cost = $ 3,000- B

Saving = B-A = 315 Dollars

4 0

3 years ago

What is the percentage loss on the funds she invested if the interest payment is included in the calculation

adoni [48]

Answer with complete Question:

Barbara buys 130 shares of DEM at $33.00 a share and 190 shares of GOP at $37.00 a share. She buys on margin and the broker charges interest of 7 percent on the loan.

a. If the margin requirement is 42 percent, what is the maximum amount she can borrow? Round your answer to the nearest cent.

$ 6,565.60

(Which is equal to 58(100 - 42)% of $11,320.)

b. If she buys the stocks using the borrowed money and holds the securities for a year, how much interest must she pay? Round your answer to the nearest cent.

$ 459.59 ($6,565.60 x 7%)

If after a year she sells DEM for $22.00 a share and GOP for $30.00 a share, how much did she lose on her investment? Use a minus sign to enter the amount as a negative value. Round your answer to the nearest cent.

$ 2,760

What is the percentage loss on the funds she invested if the interest payment is included in the calculation? Use a minus sign to enter the amount as a negative value. Round your answer to two decimal places.

28.44 %

Explanation:

a. Data and Calculations:

DEM, 130 shares at $33.00 a share = $4,290

GOP, 190 shares at $37.00 a share = 7,030

Total value of investments = $11,320

Margin requirement = 42% of $11.320 = $4,754.40

Barbara can borrow $6,565.60 ($11,320 - $4,754.40)

1. Interest on borrowed fund (margin):

$6,565.60 x 7% = $459.59

2. Loss from Sale of:

DEM, 130 shares at $22.00 a share = $1,430 ($11 x 130)

GOP, 190 shares at $30.00 a share = $1,330 ($7 x 190)

Total loss from investments = $2,760

3. Percentage Loss, with interest included:

Interest on borrowed fund = $6,565.60 x 7% = $459.59

Total loss from investments = $2,760.00

Total loss = $3,219.59

Total value of investments = $11,320

Percentage Loss = $3,219.59/$11,320 * 100 = 28.44%

4 0

3 years ago

What is the effective rate of a $25,000 interest-bearing simple discount 10%, 90-day note?

salantis [7]

The effective interest rate on a discounted note is
.. 1/(1-r) = 1/0.9 ≈ 11.11%

_____
The amount and time have nothing to do with it for simple interest.

5 0

3 years ago

repare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing the

Umnica [9.8K]

Question Completion:

Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) $ 1,509,000 567,040 941,968 1,036,000 $ (94,040) In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly, the Accounting Department has developed the following information: Division Central $389,000 $600,000 $520,000 East West Sales Variable expenses as a percentage of sales Traceable fixed expenses 27% 36% $283,000 $336,000 $203,000

Prepare a contribution format income statement segmented by divisions Division Total Company East Central West

The Marketing Department has proposed increasing the West Division's monthly advertising by $25,000 based on the belief that it would increase that division's sales by 19%.

Answer:

Wingate Company

a. Contribution format income statement segmented by divisions

Division Total Company East Central West

Sales $ 1,509,000 $389,000 $600,000 $520,000

Variable expenses 567,040 217,840 162,000 187,200

Contribution margin 941,960 $171,160 $438,000 $332,800

Traceable fixed expenses 822,000 $283,000 $336,000 $203,000

Non-traceable fixed expense 214,000

Net operating income (loss) $ (94,040) ($111,840) $102,000 $129,800

b. If the marketing department's proposal is implemented, the net operating loss will decrease by $38,232, i.e from $94,040 to $55,808.

Explanation:

a) Data and Calculations:

Wingate's most recent monthly contribution format income statement:

Sales $ 1,509,000

Variable expenses 567,040

Contribution margin 941,968

Fixed expenses 1,036,000

Net operating income (loss) $ (94,040)

Additional information:

Division Central East West

Sales $389,000 $600,000 $520,000

Variable expenses as a

percentage of sales 56% 27% 36%

Traceable fixed expenses $283,000 $336,000 $203,000

Increase in Division West's fixed expenses by $25,000

Expected increase in Division West's sales = 19%

Contribution format income statement segmented by divisions

Division Total Company East Central West

Sales $ 1,509,000 $389,000 $600,000 $520,000

Variable expenses 567,040 217,840 162,000 187,200

Contribution margin 941,968 $171,160 $438,000 $332,800

Traceable fixed expenses 822,000 $283,000 $336,000 $203,000

Non-traceable fixed expense 214,000

Net operating income (loss) $ (94,040) ($111,840) $102,000 $129,800

Based on new proposal:

Contribution format income statement segmented by divisions

Division Total Company East Central West

Sales $ 1,607,800 $389,000 $600,000 $618,800

Variable expenses 602,608 217,840 162,000 222,768

Contribution margin 1,005,192 $171,160 $438,000 $396,032

Traceable fixed expenses 847,000 $283,000 $336,000 $228,000

Non-traceable fixed expense 214,000

Net operating income (loss) $ (55,808) ($111,840) $102,000 $168,032

5 0

2 years ago

belka [17]

A similarity between mortgages and auto loans is that both are less risky for lenders.
Lenders are the ones who lend money to those who need it urgently, in the form of a mortgage, or perhaps an auto loan. This money is going to be repaid monthly, or in whatever way the contract stipulates. It is less risky for the lender because legally, this has to be repaid.

8 0

3 years ago