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IrinaVladis [17]
3 years ago
7

A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $2,700 and is

paid at the beginning of the first year. Eighty percent of the premium applies to manufacturing operations and 20% applies to selling and administrative activities. What amounts should be considered product and period costs respectively for the first full year of coverage?
Business
1 answer:
jasenka [17]3 years ago
6 0

Answer:

$720 and $180

Explanation:

According to the scenario, computation of the given data are as follows:

Premium for 3 years = $2,700

So, premium for 1 year = $2,700 ÷ 3 = $900 per year

Manufacturing operation percentage = 80%

Selling and administrative operation percentage = 20%

So, Premium for manufacturing operation = $900 × 80% = $720

And Premium for selling and admin operation = $900 × 20% = $180

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Chris Bowie is trying to determine the amount to set aside so that he will have enough money on hand in 5 years to overhaul the
stealth61 [152]

Answer:

$515.53

Explanation:

CALCULATION OF THE ESTIMATED CASH OUTFLOW EXPENSES FOR ENGINE OVERHAUL

Engine Overhaul                          Probability                 Estimated Cash

estimated cash outflow(X)                 (Y)                           flow ( X * Y)

$370                                             10%                                $37

$470                                             30%                               $141

$720                                             50%                               $360

<u>$760                                             10%                                $76</u>

<u>$2320                                                                                 $614</u>

Present Value Factor, PVF, of 3 years and 6% = 0.839619(from the table)

hence, value = $614 x 0.839619

                     = $515.53

Amount Deposited = $516 (approx)

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6 0
3 years ago
The lonely spoon restaurant manager promoted bill over helen because he believes that men should be paid more than women. this i
tiny-mole [99]
Promoting Bill over Helen because he believes that men should be paid more than women is an example of  discrimination on the job by the employer because it shows favoritism for Bill simply because he is a man and promotions like this should be based on good performance and not the sex of the employee.
7 0
3 years ago
Read 2 more answers
According to the segment, when is career testing most effective?.
EleoNora [17]

According to the segment career testing is most effective when it is When it is guided by a trained career counselor.

<h3>What is career testing?</h3>

These are assessments that are done to determine the skills that a person has for future jobs.

Career testing is very important for determining the core skills of a person and their soft skills. A counselor is very effective in helping out here:

Read more on career testing here: brainly.com/question/6947486

8 0
2 years ago
Please help solve this
joja [24]

Answer:

The Gross Domestic Product of the territory is $ 172 million.

Explanation:

The Gross Domestic Product (GDP), measured in monetary units, is the market value of all goods and services within a territory in a given period of time, usually annual, which is estimated by the following expression:

GDP = C+BI+GEx+GEn+E-I (1)

Where:

C - Consumption.

BI - Business investments.

GEx - Government expenditures.

GEn - Government entitlements.

E - Exports.

I - Imports.

Please notice that positive sign represents money that has entered into the economy of the territory.

If we know that C = 50\times 10^{6}, BI = 10\times 10^{6}, GEx = 75\times 10^{6}, GEn = 38\times 10^{6}, E = 12\times 10^{6} and I = 13\times 10^{6}, then the GDP of the territory is:

GDP = 50\times 10^{6}+10\times 10^{6} + 75\times 10^{6}+38\times 10^{6}+12\times 10^{6}-13\times 10^{6}

GDP = 172\times 10^{6}

The Gross Domestic Product of the territory is $ 172 million.

6 0
3 years ago
_____ are revenue and spending items in the federal budget that change with the ups and downs in an economy so as to stabilize d
kicyunya [14]

Answer:

Automatic stabilizers

Explanation:

Examples of automatic stabilizers are income tax and government welfare spending. They adjust immediately to minimise the effect of fluctuations in the economy.

For example in a recession, income tax reduces and government welfare spending increases. In a boom, income tax increases and government welfare spending falls.

I hope my answer helps you

6 0
3 years ago
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