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3 years ago

Mason pays $251 monthly for auto insurance. He had an accident involving another car. His

Business

2 answers:

Evgesh-ka [11]3 years ago

4 0

Answer: Yes, the years worth of payments is more than the actual claim

Explanation:

the claim was $2500 and he payed $3,012 a year for insurance

hodyreva [135]3 years ago

3 0

Yes the years worth of payments is more than

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You own a portfolio that has a total value of $210,000 and it is invested in Stock D with a beta of .87 and Stock E with a beta

Crazy boy [7]

Answer:

The dollar amount of the investment in Stock D is (x=$156470.59)

Explanation:

Let assume investment in Stock D = $x

Hence investment in Stock E = (210,000-x)

Portfolio beta=Respective betas * Respective investment weights

1= (x/210,000*0.87) + (210,000-x) /210,000*1.38[Beta of market=1]

(1*210,000) = 0.87x + 289800 -1.38x

290,000=0.87x+289800-1.38x

Hence x=(289800-210,000)/(1.38-0.87)

x= 79,800 / 0.51

x=156470.5882

x=$156470.59

6 0

3 years ago

Suppose the city of Austin, TX chooses to regulate the number of street vendors operating near the University of Texas by requir

Dmitrij [34]

Answer:

economic rent of $65,000

Explanation:

Economic rent is the amount of money paid in excess to a factor of production in excess of what is socially optimum

Economic rent = $150,000 - $85,000 = $65,000

Accounting profit= total revenue - explicit cost

Total revenue =price x quantity sold

Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials

Economic profit = accounting profit - implicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

Without the regulation, economic profit would be driven to zero.

8 0

3 years ago

On June 1, Year 1, Yola Corp. lent Dale $500,000 on a 12% note, payable in five annual installments of $100,000 beginning Januar

sweet [91]

Answer:

C) $10,000

Explanation:

The last interest payment was made on November 1, so by December 31, two months worth of interest is considered receivable.

Interest receivable = principal x interest rate x time periods = $500,000 x 12% x (2/12) = $10,000

By December 31, no principal payments had been done yet.

8 0

3 years ago

Read 2 more answers

Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials $ 26,400 $ 22,400

BartSMP [9]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Beginning Raw materials $26,400

Ending Raw materials $22,400

Beginning Work in process $ 18,400

Ending Work in process $ 11,400

Beginning Finished Goods $ 49,400

Ending Finished Goods $ 57,400

Additional information:

Raw materials purchases $ 73,400

Direct labor cost $ 93,400

Manufacturing overhead cost incurred $ 43,540

Indirect materials included in manufacturing overhead cost incurred $ 4,140

Manufacturing overhead cost applied to Work in Process $ 42,400

A) Cost of goods manufactured:

Beginning Work in process $ 18,400

Beginning Raw materials $26,400

Raw materials purchases $ 73,400

Ending Raw materials $22,400 (-)

Direct labor cost $ 93,400

Manufacturing overhead cost applied $ 42,400

Ending Work in process $ 11,400 (-)

Total= $220,200

B) Cost of goods sold:

Beginning Finished Goods $ 49,400

Cost of goods manufactured $220,200

Ending Finished Goods $ 57,400 (-)

Unadjusted COGS= $212,200

Underapplied MOH= 1140

Adjusted COGS= $213,340

6 0

3 years ago

A report that accumulates the actual expenses that a manager is responsible for and their budgeted amounts is a: Multiple Choice

Ad libitum [116K]

Answer:

Responsibility accounting performance report.

Explanation:

Here, the responsibility accounting performance report is defined to be a budget that compares actual and budgeted amounts of controllable costs for a department and its manager. The responsibility accounting performance report collects all of the responsibility accounting budgets made for each department and summaries them in one large report.

It is designed to measure the performance of managers in terms of controllable costs.

Assigns responsibility for costs to the appropriate managerial level that controls those costs.

Should not hold a manager responsible for costs over which the manager has no influence.

Can be applied at any level of an organization.

7 0

3 years ago

Read 2 more answers