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3 years ago

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

Business

1 answer:

wlad13 [49]3 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.

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What is the internal rate of return of a project costing $3,000; having after-tax cash flows of $1,500 in each of the two years

goldfiish [28.3K]

The answer is B 15%
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3 years ago

Locating close to suppliers reduces these cost

noname [10]

Locating close to the raw material supplies can reduce where raw materials are heavy and large quantities are used up in production costs. This is particularly true for industries like steel, which uses large quantities of iron ore in the production process.

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3 years ago

When one considers the largest manufacturing organizations in the united states, it is clear that they all have one thing in com

REY [17]

They are all picking the largest manufacturing organizations because they are well known. This manufacturer takes the time to advertise and promote themself where different businesses are aware of who they are and want to use them. By investing in your business and advertising, you have a greater chance of reaching more clients.

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3 years ago

Within a PPF framework, explain each of the following: (a) a disagreement between a person who favors more domes-tic welfare spe

arsen [322]

Answer:

A. Movement on the PPC

B. Rightwards / Outwards shift of PPC

C. Less Concavity of PPC

Explanation:

Production Possibility Curve is combination of two goods that an economy can produce, given resources & technology (efficient utilisation).

It is a downward sloping curve as more of one good can be produced by sacrifising other good, same resources & technology.
It is concave curve because of increasing marginal opportunity cost, i.e increasing amounts of a good to be sacrifised to gain additional amount of other good, as resources are not equally efficient in production of both goods.
Points on PPC reflect full utilisation, points under PPC reflect under utilisation, points above PPC are unattainable.

a) A disagreement between persons favouring more domestic welfare spending or national welfare spending : Is just an issue of reallocation of same resources, technology. So, PPC doesn't change & there can only be movement on the PPC (more of one good, less of other good)

b) An increase in population : leads to increase in human resource & hence the PPC shifts outwards / rightwards as the production potential of economy rise with more human resource.

c) Technological change that make resources less specialised : would reduce resources' efficiency gap in production of two goods. So, Marginal Opportunity cost reduces & hence the PPC becomes less concave.

6 0

3 years ago

GoSnow sells snowboards. Each snowboard requires direct materials of $128, direct labor of $53, and variable overhead of $63. Th

Fofino [41]

Answer:

Unitary selling price= $304.93

Explanation:

Giving the following information:

Unitary variable costs:

direct materials of $128

direct labor of $53

the variable overhead of $63.

Fixed costs:

The fixed overhead costs of $301,000

Fixed selling and administrative costs of $229,000

The company has a target profit of $189,800.

Units sold= 11,800 snowboards

First, we need to calculate the total contribution margin required:

Contribution margin= net profit + total fixed expense

Contribution margin= 189,000 + (301,000 + 229,000)

Contribution margin= $719,000

Now, we calculate the total variable expense:

Total variable cost= 11,800* (128 + 53 + 63)

TVC= 2,879,200

Finally, we calculate total sales and the unitary selling price:

Total sales= contribution margin + total variable cost

Total sales= 719,000 + 2,879,200= 3,598,200

Unitary selling price= 3,598,200/11,800= $304.93

6 0

3 years ago