Financial accounting, an asset is any resource owned by a business or an economic entity. It is anything that can be owned or controlled to produce value and that is held by an economic entity and that could produce positive economic value.
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Answer:
$303
Explanation:
The computation of the absorption costing unit product cost is shown below:
= Direct materials per unit + Direct labor per unit + variable manufacturing overhead per unit + Fixed manufacturing overhead per unit
= $149 + $112 + $7 + $35
= $303
Working note:
The Fixed manufacturing overhead per unit is measured below:
= Fixed manufacturing overhead ÷ Number of units produced
= $301,000 ÷ $8,600 units
= $35
The broker of record is ultimately responsible for determining the role a licensee is expected to play in any transaction.
When an insurance company pays an agent a monthly commission to manage and represent a policyholder's insurance policy, that agent is known as a broker of record. Two parts of this position include liaison work for the policyholder and communication.
A broker of record in the context of insurance is an agent chosen by the policyholder to represent and administer the policy. All correspondence to the policyholder may be copied by the broker of record, who may also accept quotations, policies, and notices on the policyholder's behalf. One of the most potent and frequently misused legal documents in the insurance sector is the Broker of Record (BOR) letter. Unfortunately, a lot of unethical brokers get uninsured people to sign this.
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"Informational" appeals help consumers make purchase decisions by offering factual information that encourages consumers to evaluate the brand favorably on the basis of the key benefits it provides.
<h3>What is informal appeals?</h3>
A corporate message typically substitutes data and figures for a main notion. A business message should make sure to properly state any significant dates, locations, times, etc.
The powerful business report can be written as-
- Business reports always are formally presented, impartial, and thoroughly researched. If the study focused on a specific issue or analyzes the actual quality of a whole organization, every data must be accurate and reliable.
- A business report must be objective, therefore stay away from stating to the reader how and where to feel in your descriptions.
- Let the sales statistics speak for itself, rather than saying something like "Sales were bad last quarter," if last quarter's sales were down. Person pronouns, such as "I believe we should invest that money," should also be avoided.
- A business report must to be objective and presented from the viewpoint of the company.
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Answer:
Note: The full question is attached as picture below
a. Let X is denoted as company’s monthly demand, P(X=x) is denoted as the probability of the company’s monthly demand.
The expected value is obtained below:
E(X) = (300*0.20) + (400*0.30) + (500*0.35) + (600*0.15)
E(X) = 60+120+175+90
E(X) = 445
b. The expected value of the monthly demand is 445. The each unit demands the revenue to generate is $70 and their cost is $50.
The gain/loss of the company = (300*(70−50)) - (145*50)
The gain/loss of the company = (300*20) - (145*50)
The gain/loss of the company = 6,000 - 7,250
The gain/loss of the company =−$1,250(Loss)
