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3 years ago

The viability and relevancy of insurance products sold to businesses and individual

1 answer:

4 0

<span>The viability and relevancy of insurance products is used to protect your business in case if you specialized on manufacturing unusual products and provides maintain stability of your production.</span>

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Suppose that a worker in Caninia can produce either 2 blankets or 8 meals per day, and a worker in Felinia can produce either 5

emmasim [6.3K]

Answer:

15 blankets; 35 meals

Explanation:

First, we compute Opportunity Cost (OC).

In Caninia,

OC of blanket = 8/2 = 4 meals

OC of meals = 2/8 = 0.25 blanket

In Felinia,

OC of blanket = 1/5 = 0.2 meals

OC of meals = 5/1 = 5 blanket

Since Felinia can produce blankets at lower OC (0.2 < 4), so

Felinia has comparative advantage and specializing in blankets.

Total blankets produced with trade = 5 x 10

= 50

Since Caninia can produce meals at lower OC (0.25 < 5), so

Caninia has comparative advantage and specializing in meals.

Total meals produced with trade = 8 x 10

= 80

After trade,

Total blankets produced = 10 + 25

= 35

Decrease in blanket output = 50 - 35

= 15

Total meals produced = 40 + 5

= 45

Decrease in meals output = 80 - 45

= 35

5 0

3 years ago

North Company has completed all of its operating budgets.The sales budget for the year shows 50,600 units and total sales of $2,

atroni [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The sales budget for the year shows 50,600 units and total sales of $2,317,800.

The total unit cost of making one unit of sales is $22.

Selling and administrative expenses are expected to be $304,000.

Income taxes are estimated to be $270,180.

Income statement:

Sales= 2,317,800

COGS= (22*50,600)= (1,113,200)

Gross profit= 1,204,600

Selling and administrative= (304,000)

Tax= (270,180)

Net operating profit= $630,420

5 0

3 years ago

A business has a fixed costs of US$100 000 and variable costs of US$5 per unit.

OLga [1]

Answer:

$250,000

Explanation:

50,000 units × $5 per unit = $250,000

4 0

3 years ago

Read 2 more answers

The 2017 Annual Report of Tootsie Roll Industries contains the following information. (in millions) December 31, 2017 December 3

a_sh-v [17]

Answer:

a. Asset turnover = Sales/Average total assets

Asset turnover= 515.7/[(930.9+920.1)/2]

Asset turnover = 515.7 / 925.5

Asset turnover = 0.5572123

Asset turnover = 0.557

b. Return on Assets = Net income/Average total assets

Return on Assets= 80.7/[(930.9+920.1)/2]

Return on Assets = 80.7 / 925.5

Return on Assets = 0.08719

Return on Assets= 8.72%

c. Profit Margin = Net income/Sales

Profit Margin = 80.7/515.7

Profit Margin = 15.65%

8 0

3 years ago

Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answ

ArbitrLikvidat [17]

Answer:

SIMON COMPANY'S YEAR END BALANCE SHEET

AT DECEMBER 31 Current 1 yr ago 2 yrs ago

cash 6.1% 8.1% 9.90%

Accounts receivables 16.6% 14.1% 13.2%

inventory 21.5% 18.9% 14.6%

prepaid expense 1.8% 2.1% 1.1%

plant asset 54.0% 56.8% 61.2%

Total Asset 100.0% 100.0% 100.0%

Liabilities and Equity

Accounts payable 24.4% 17.1% 13.2%

Notes payable 18.6% 23.0% 22.5%

common stock 28.5% 33.1% 40.5%

Retained earnings 28.5% 26.9% 23.8%

total 100.0% 100.0% 100.0%

2) The change in % of accounts receivables is unfavorable because this means that our Debtors are not paying instead are continuing to buy on credit and that our collection methods are weak and ineffective.

3) The % change in inventory is unfavorable because it means we are selling less stock as years goes by and that we are buying more than we are selling.

Explanation:

6 0

3 years ago