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photoshop1234 [79]

2 years ago

13

If you are in a car accident caused by someone else who also has insurance, which type of insurance plan will not require you to

pay out of pocket costs

1 answer:

lord [1]2 years ago

4 0

Answer would be Either A or B

You might be interested in

A master (static) budget: Group of answer choices drops the current month or quarter and adds a future month or quarter as the c

vitfil [10]

Answer:

presents the plan for only one level of activity and does not adjust to changes in the level of activity

Explanation:

A static budget refers to the budget where sums aren't going to change except with major quantity adjustments. Unlike a static master budget, the sales division of an organisation may have a dynamic budget.

The cost estimate for the selling commission will be reported as a proportion of revenue in such a flexible budget. In other words, A master budget – which is a projection of income and spending for a given time frame – appears constant even with rises or declines in levels of demand and output.

4 0

2 years ago

If an automobile manufacturer discovers a potentially hazardous defect in the product, the subsequent recall of the vehicles is

barxatty [35]

<span>The United States Consumer Product Safety Commission, also known as CPSC, would be responsible for enforcing the recall on a defective vehicle. This is an independent federal agency that is responsible for protecting the people from risks or injuries that are unnecessary and could be prevented when it comes to consumer goods. This group was established by Congress in 1972.</span>

3 0

3 years ago

Decision makers and analysts look deeply into profitability ratios to identify trends in a company’s profitability. Profitabilit

ahrayia [7]

Answer:

If a company has a profit margin of 10%, it means that the company earned a net income of $0.10 for each dollar of sales. A 10% PROFIT MARGIN MEANS THAT THE COMPANY EARNED 10 CENTS FOR EVERY DOLLAR OF REVENUE.
If a company's operating margin increases but its profit margin decreases, it could mean that the company paid more in interest or taxes. OPERATING PROFIT = GROSS PROFIT - FIXED COSTS, NET PROFIT = OPERATING PROFIT - (INTERESTS AND TAXES). IF TAXES OR INTERESTS INCREASE, NET PROFITS DECREASE

Explanation:

there are several profitability ratios, the most important ones are:

profit margin = net profit / total revenue
gross profit margin = gross profit / total revenue
return on equity = net income / total shareholder equity
return on assets = net income / total assets

4 0

3 years ago

An individual is planning to set-up an education fund for her daughter. She plans to invest $7,700 annually at the end of each y

daser333 [38]

Answer:

$96,154.20

Explanation:

We are to find the future value of the annuity

The formula for calculating future value = A (B / r)

B = [(1 + r)^n] - 1

A = Amount

R = interest rate

N = number of years

[(1.08)^9 - 1 ] / 0.08 = 12.487558

12.487558 x $7,700 = $96,154.20

4 0

3 years ago

On June 5, Staley Electronics purchases 180 units of inventory on account for $18 each. After closer examination, Staley determi

Oduvanchick [21]

Answer along with its Explanation:

Journal entry to record the credit purchase of the 100 inventory units would be increase in inventory and accounts payables as under:

Dr Inventory Purchases $3,240

Cr Accounts Payables $3,240

The journal entry to record the purchase return is the reversal of the inventory purchases and will be with purchase value of 20 inventory units at $18 per unit. The transaction is given as under:

Dr Accounts Payables $360

Cr Inventory Purchases $360

The entry to record the sale of the inventory would be in two steps and are given as under:

Step 1: Record the increase in Credit Sales, which will also increase the accounts receivables and the sale value $31 per unit will be used.

Dr Accounts Receivables $4,960

Cr Revenue Account $4,960

Step 2: Record the decrease in inventory as the asset after sale would be no more in the inventory so the cost of this inventory would be reduced to zero, which will be allocated to cost of goods sold.

Dr Cost of Goods Sold $2,880

Cr Inventory Account $2,880

7 0

2 years ago