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Doss [256]
3 years ago
14

Changes in weather patterns are increasing administrative costs for insurance companies. These added costs often exceed the amou

nt of the premiums coming in and claim payments going out. To address this problem, insurance companies typically
Business
1 answer:
docker41 [41]3 years ago
4 0

Answer:

buildup the amount of their reserves

Explanation:

Based on the information provided within this question it can be said that in order to address this problem, insurance companies typically buildup the amount of their reserves. By doing this the company's have a sort of "escape plan" allowing them to pay these excess costs that they would otherwise not be able to pay since it exceeds the amount that they are making.

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pet products inc. manufactures two products, cat bowls and dog bowls, from a joint process. cat bowls are allocated 50% of the t
Rufina [12.5K]

The difference in operating income between processing the cat bowls further versus selling them off at the split-off point is -$1,920.

<h3>What is operating income?</h3>

Operating income is the adjusted revenue of a business after all operating costs and depreciation have been taken into account. The charges incurred to maintain the operation of the business are known as operating expenses.

Calculating the operational income difference:

After additional processing, sales income (1000*14) 14000

At the split-off point, sales revenue (1000 x 11) 11000

3000 in additional revenue

Cost Incremental -4920

Increased revenue (loss) -1920

Operating income (loss) difference = -1920

The ability of your company to make money from its operational activities is demonstrated by operating income. The operating income figure is frequently used by business owners to assess the operational success of their enterprise. Potential creditors and investors might be interested in your company's operating income.

To learn more about operating income refer to:

brainly.com/question/11110287

#SPJ4

8 0
1 year ago
Oliver Is a small manufacturing business owner. He has a limited number of employees working under him. He usually helps his emp
Aleks04 [339]

Answer:

Confidence

Explanation:

For example, if you want to be a good student be confindent because one day you will succeed,  Oliver has confindence knowing he can help his empolyees.

4 0
3 years ago
Employees who are paid to complete a task, such as build a house, are paid on a(n) _____ basis
Ghella [55]

I'm pretty sure it hourly

3 0
3 years ago
What amount of cash would result at the end of one year, if $15,000 is invested today and the rate of return is 8%
Leona [35]

Answer:

Amount of cash at the end of one year is $16,200

Explanation:

Amount invested = $15,000

Rate of return = 8%

Amount at the end of one year = $15,000 + (0.08×$15,000) = $15,000 + $1,200 = $16,200

6 0
3 years ago
The act that requires most employers to withhold certain amounts from employees' earnings for contributions to the Social Securi
raketka [301]

Answer:

Federal Insurance Contributions Act

Explanation:

The Federal Insurance Contributions Act refers to a law that establishes the federal taxes that are deducted from employees' salaries to get the funds for social services like Medicare, disability insurance, among others. According to  this, the answer is that the act that requires most employers to withhold certain amounts from employees' earnings for contributions to the Social Security and Medicare programs is called the Federal Insurance Contributions Act.

5 0
3 years ago
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