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3 years ago

What type of Insurance protects a business against fire damage?

Business

2 answers:

telo118 [61]3 years ago

7 0

Obiesly Property. If your house was burned in fire your Insurance may provide property help in rebuilding your house.

Fed [463]3 years ago

4 0

Answer: D) property

Explanation: property Insurance protects a business against fire damage.

If a business has property insurance then it has protection for its building. For example, if the business faces any calamity such as fire, and it faces heavy infrastructural losses, then the insurance company will compensate the business by helping to pay for the damages. This is a major reason why many businesses proactively take up property insurance.

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Hi there !

Zanzabum

Answer:

Capital expenditures are typically one-time large purchases of fixed assets that will be used for revenue generation over a longer period while revenue expenditures are typically referred to as ongoing operating expenses, which are short-term expenses that are used in running the daily business operations.

6 0

2 years ago

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Evans products uses a process costing system with two processing departments: the mixing department and the finishing department

Mice21 [21]

Answer:

A debit to Work-in-Process Inventory, Finishing Department of $140,000

Explanation:

Data provided

Cost transferred per unit = $4

Units transferred = 35,000

Total cost of units transferred = Cost transferred per unit × Units transferred

= $4 × 35,000

= $140,000

Therefore Process department is a finishing department. From the last processing department to finished goods and when only finished goods are debited.

$140,000 will be paid to the Work-in-Process Inventory, Mixing Department and debited to the Finishing Department, Work-in-Process Inventory.

3 0

3 years ago

Portions of the financial statements for Parnell Company are provided below. PARNELL COMPANY Income Statement For the Year Ended

m_a_m_a [10]

Answer:

Net Cash flow from Operating Activities (Direct Method) = $343

Net Cash flow from Operating Activities (Indirect Method) = $343

Explanation:

Cash Flow Statement - Operating Activities (Direct Method)

Amount in $

Cash receipts from Customer (219+770-321) 668

Less: Cash paid to suppliers (120+285-207-98) -100

Cash paid Employees (96+117-108) -105

Cash Paid to Insurance (69+37-85) -21

Cash Generated from operation 442

Less: Interest paid (47-19) -28

Income tax paid (55+82-66) -71

Net Cash flow from Operating Activities 343

Cash Flow Statement - Operating Activities (Indirect Method)

Amount in $

Net Income 82

Add: Depreciation Expenses 120

Loss on sale of Machinery 12

Decrease in Inventory (422-324) 98

Increase in Account payable (207-120) 87

Increase in salaries payable (108-96) 12

Decrease in prepaid Insurance (69-85) 16

Decrease in Bond Discount (184-203) 19

Increase in Deferred Tax Liabilities (66-55) 11

Less: Gain on sale of Building -12

Increase Accounts receivable (321-219) -102

Net Cash flow from Operating Activities 343

6 0

3 years ago

What is accounts payable turnover? A. Purchases on account divided by average accounts payable B. A measure of the number of ti

goblinko [34]

Answer:

The correct answer is letter "D": All of the listed answers are correct.

Explanation:

Accounts Payable Turnover ratio measures the speed at which a company pays its suppliers. The ratio is calculated by dividing the company's total purchases from suppliers by its average accounts payable amount over the same period. The accounts payable turnover ratio measures the liquidity firms have in the short-term.

7 0

3 years ago

What is one of the advantages of buying an existing business?

Pepsi [2]

My answer choice would be "B" " The business will have a financial history, which gives you an idea of what to expect and can make it easier to secure loans and attract investors"

3 0

3 years ago

Read 2 more answers